Overview

Group Corporate Services

AVP, Corporate Real Estate – (240001QL)

Description

 

The primary responsibility of this role is to oversee and manage the leasing process for the bank’s premises, ensuring that our real estate needs are met efficiently and effectively. The successful candidate will possess a deep understanding of the real estate market, excellent negotiation skills, and the ability to build strong relationships with landlords and stakeholders.

Duties & Responsibilities:

  • Collaborate with internal stakeholders, including management, to understand the bank’s real estate needs and align leasing strategies accordingly.
  • Identify potential leasing opportunities by conducting market research, analysing trends, and evaluating market conditions to ensure optimal leasing decisions.
  • Develop and implement a comprehensive leasing strategy to fulfil the bank’s real estate requirements, including office spaces, branches, and other premises.
  • Manage internal space charge-out administration and communicate to stakeholders on related real estate costs. Assisting in the budgeting process, forecasting leasing expenses and identify cost-saving opportunities.
  • Negotiate lease terms, conditions, and rental rates with landlords, ensuring favourable terms and conditions for the bank while maintaining positive relationships.
  • Manage lease documentation, including lease agreements, amendments, and renewals, ensuring compliance with legal and regulatory requirements.
  • Conduct property inspections and due diligence to assess the suitability of premises, considering factors such as location, accessibility, and compliance with safety and security standards.
  • Coordinate with external vendors, such as brokers, lawyers, and property managers, to facilitate smooth leasing processes and resolve any issues that may arise.
  • Monitor lease expirations and proactively initiate lease renewals or relocations to minimize disruptions to the bank’s operations.
  • Maintain accurate and up-to-date records of all leased premises, including lease terms, rental payments, and key lease provisions.

 

Qualifications

 

  • Bachelor’s degree in real estate or a related field.
  • Minimum of 5 years of experience in corporate real estate leasing, preferably within the banking or financial services industry.
  • In-depth knowledge of commercial real estate leasing practices, market dynamics, and legal aspects related to leasing agreements.
  • Proven track record of successfully negotiating lease terms, conditions, and rental rates.
  • Excellent communication and interpersonal skills, with the ability to build and maintain relationships with landlords, brokers, and internal stakeholders

 

Primary Location

: Singapore

Job

: Leasing

Organization

: Group Corporate Services

Schedule

: Permanent

: Full-time

Job Posting

: 25-Nov-2024, 1:06:12 PM

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About OCBC Bank

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.