Senior Real Estate Manager
Singapore – Singapore
Date published: 25-Apr-2019
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The Estate Manager will be responsible for day to day management of the Client (a large multinational bank) portfolio under CBRE Estate Management team- managing the returning/handover of leased sites to Landlords- processing associated documentation- negotiating new licences and easements- arranging lease renewals with the landlord- undertaking lease surrenders at the expiry of the lease- working with the CBRE teams to undertake portfolio optimization initiatives and keeping and storing accurate files.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Lead a team of Estate Managers responsible for the Singapore portfolio
Lease renewal or extension of current contracts without rent challenge or negotiation
Sublease Renewal where no marketing and only minor negotiation required
Lease termination (lease disposal which does not involve negotiation with landlord for e.g. executing end of term termination- executing a right to terminate
Purchase options/right of first refusal (advice regarding an existing option/right
Monitoring all lease critical dates to ensure that all Client contractual obligations are me
Develop relationship and work closely with Client- Internal or external Legal- Client Real Estate team- Audit/ Operational Risk and Client’s supply partner
Develop initiatives at country level
Managing the handover of Client assets on owned and leased property with support of FM
Performing site inspections (as needed)
Prepare business approval documents and related financial analysis
Managing the eviction process for delinquent lease-out tenants (at Client’s instruction)
Ensure consistent application of property management standards
Raise invoice to client on monthly basis ( not relevant to all countries)
Organize and manage property revaluation (as when required)
Support Country/ Sub-regional Lead in preparation of budget and forecast exercises
Support Country/ Sub-regional Lead in audits- reporting- portfolio planning and finance management.
Build good relationship with Client landlords/ tenants and resolve Estate Management issues.
Document Estate Management activities with designated software or reporting formats
Ensure payments are as per contract obligations
Review and approve lease abstracts form created by Analyst / Lease admin team (where applicable). Review and approve updates created by Portfolio Administration
Primary “go to” point for the Shared Services Hub/ Finance and lease administration team (where applicable)
Other duties may be assigned.
Accounting / budgeting
Driving Customer Service Levels
Proactively managing customer relationships
Full financial analysis skills
Demonstrates excellent understanding of customer needs
Excellent presentation skills
Multi-tasking and sensitive to cross-cultural exposures
Organising and prioritizing a large and varied workload
Strong Communication (verbal & written) and Negotiation skills- Diplomatic but assertive
Bachelors Degree or equivalent
Degree in Real Estate- Facilities Management- Engineering or related discipline
7 + years in the real estate industry
Account/client management skills
Candidates with recognised real estate (RICS/ MCR or similar) qualification will have distinct advantage
Ability to comprehend- analyse and interpret complex business documents.
Ability to respond effectively to highly sensitive issues.
Ability to write reports and articles using distinctive style.
Ability to make effective and persuasive presentations on complex topics to employees and clients.
Ability to motivate and negotiate effectively with key employees- management- and client groups to take desired action.
Fluency in English and local language (desirable)
Must be able to act as Client’s representative in sensitive discussions with local authorities
Must possess general business financial knowledge