With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adaption in terms of leasing/property management methodology, governance and delivery objectives.
Job Description
Strategy and Planning
- Provide input to the short and medium-term plan for real estate ownership to ensure alignment with the Groups financial and operating objectives.
- Revise and review real estate strategic plan in line with Absa and CRES objectives.
- Communicate the real estate strategy to internal and external stakeholders understand the real estate strategy to drive understanding and effective implementation.
- Co-ordinate the development of business cases for space/cost reduction projects, acquisitions and disposals of Absas real estate.
- Accountable for market research and analysis on property development trends to ensure optimum acquisition and development plans.
- Assume the overall responsibility for Real Estate management (landlord and tenant negotiation and management, rent, rates and service charge management), acquisition and asset property management.
- Manage outsourced Managing Agent suppliers in the delivery of real estate services to Absas Pan-African Portfolio.
- Provide oversight of real estate projects including large acquisitions in Africa.
- Provide Pan-African real estate management advice creating value for the organisation and driving best practice.
- Responsible to ensure accurate real estate Management Information and portfolio information/budgets.
- Act as escalation point on real estate matters where issues are beyond the delegated authority of the external suppliers.
- Accountable for the management of the property portfolio (owned and leased) to provide planned, controlled workspace for the operations of the bank.
- Accountable for Absa Group's commercial negotiations with landlords on all leased properties, including taking accountability for overseeing the contracting process.
- Accountable for Absa Group's commercial negotiations to acquire and dispose all free-hold properties.
- Accountable for the annual re-negotiations of property related leases.
- Ensure rigorous total cost of ownership modelling for Real estate, with specific focus on the medium-to-long term portfolio value.
- Ensure rigorous cost management within Real Estate by implementing a commercial budget monitoring and reporting process; and instilling discipline regarding cost optimisation.
- Drive the application of best practice by utilising innovative solutions for minimizing costs related to property acquisition, management and disposal.
- Agree, monitor and manage service offerings and SLAs with internal customers.
- Coordinate the efforts of the different operational areas to ensure minimal duplication of efforts, maximum efficiency and to maximise value for money.
- Analyse effectiveness of processes and systems in use in the function and make recommendations for improvement.
- Take accountability for the overall achievement of performance objectives in the business area in terms of employee satisfaction, customer experience, cost performance, return on investments, risk, compliance and governance requirements.
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
