Description
Requisition ID: 207218
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Demonstrate effective management and control of the Bank’s occupancy costs through the examination of premises expenses and the review of landlord’s billing for base rent, operating cost and realty tax to ensure adherence with lease agreements, disputing any irregularities. Good understanding of commercial leases, realty tax allocations and property controls.
Is this role right for you? In this role, you will:
- Developing, implementing and managing a system for conducting due diligence reviews of operating costs and realty tax reconciliations, challenging and recovering overcharges.
- Auditing, analysing and negotiating changes in billings to ensure equitable and fair chargebacks in accordance with documented lease agreements.
- Realizing savings and cost reductions by leveraging expert knowledge of commercial leases and audits of landlord reconciliation and billings.
- Approving rental payments on time ensuring billings are in accordance with the lease, managing the process associated with opening and consolidating of branches.
- Contributing to the development of lease clauses to protect the Bank’s interest.
- Providing expert advice to other Bank staff regarding occupancy cost, including realty taxes and other property control matters.
- Proactively and selectively auditing high risk situations followed up by maintaining control to reconcile variances and recover savings.
- Embracing the Bank’s core values and supporting Diversity, Equality, and Inclusion initiatives.
- Collaborating as a team builder by sharing knowledge, suggesting process improvements, and supporting other team members.
- Providing special research support and recommendations on new initiatives as required.
Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:
- Several years of business experience with a broad knowledge of the real estate industry, leasing and costs associated with real estate.
- Expert knowledge of all aspects of Real Estate accounting, occupancy costs and property taxes.
- Highly developed quantitative analytic skills, as well as critical thinking ability.
- Good understanding of Real Estate Law, taxation, documentation, and content.
- Expert negotiating skills and business acumen.
- Excellent communication skills, both verbal and written.
- Self-initiative, resourcefulness and energy.
- Team player with good organizational and time management skills to handle multi-task assignments.
- Advanced excel is preferred.
- Good computer skills to develop/maintain real estate systems/databases.
- Knowledge of Bank’s accounting system, Bank policies and Bank procedures; and
- Fluency of French and/or Spanish would be an asset.
- A business degree with relevant experience and/or professional accounting designation
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
