Title:  Assistant Manager, Occupancy Costs Control

Requisition ID: 211791

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Ensure effective management and control of the Bank’s Canadian occupancy costs by examining premises expenses and reviewing landlord billings for base rent, operating costs, and realty tax recoveries to ensure alignment with respective leases.

Is this role right for you? In this role, you will: 

• Review and analyse landlord rental charges to ensuring billings are valid and are made in accordance with the respective lease agreements. 
• Implement proactive rent control measures to effectively manage the assigned lease portfolio and oversee the processes associated with opening, relocating and consolidating branches.
• Liaise with various groups to gather information on real estate transactions including new branch openings, area certification, rental payments, expiring leases, escalations, and other lease inquiries to facilitate appropriate rental payments.
• Analyse, investigate and negotiate changes in billings to ensure equitable and fair chargebacks in line with documented lease agreements.
• Achieve savings and cost reductions by leveraging the knowledge of commercial leases and conducting audits of landlord reconciliation and billings.
• Audit high risk situations proactively, maintain control to reconcile variances, and recover savings.
• Provide expert advice to Bank staff regarding occupancy cost matters.
• Collaborate as a team builder by sharing ideas and supporting team members.
• Embrace the Bank’s core values and support Diversity, Equality, and Inclusion initiatives.
• Conduct special research and provide recommendations on new initiatives and other projects, 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 experience with:

• Passion for expense/rent controls, cost reductions and savings.
• Business experience with a broad knowledge of the real estate industry, leasing and costs associated with real estate.
• Knowledge of 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, lease documents, terms, and interpretations.
• Expert negotiating skills and strong 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.
• Fluency in French or Spanish would be an asset.
• A business degree and/or relevant work experience.

What's in it for you?

• The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills.
• An inclusive working environment that encourages creativity, curiosity, and celebrates success!
• Work in an Ecosystem where you’ll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, and more.
• Hybrid Work Environment

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.