Specialist- Real Estate

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

JOB PURPOSE:

This role involves developing the Real Estate strategy in alignment with the Banks growths objective. It includes responsibilities such as negotiating new leases, managing ATM rentals, overseeing notional rent matters & collaborating with projects team for fit-out projects, both in UAE and overseas.

KEY ACCOUNTABILITIES:

• Responsible for preparing the Real Estate strategy for the group, aligned with the growth of the Bank. Hence, undertaking new leases and rental negotiations with the Landlords for the Bank Premises & ATM lease rentals in UAE and overseas.
• Management of Notional rents for the Group.
• Liaising with the Projects team for all fit out related works.

Job Context

• Responsible for the administration and operations of all Bank related premises including UAE, Overseas and ATMs
• Work in collaboration with Real Estate consultants on the upcoming locations for expansion purpose
• Responsible to review the existing rentals to ensure that this is at par with the market rate.
• Develop and maintain strong working relationship with landlords by being “customer focused”.
• Responsible for negotiating with landlords with realization of market rate in case of renewals or new location.
• Manage all requirements related to premises handover such as water, electricity clearance, etc.
• Ensure that all Central Bank approvals are in place for opening & closure of new branches, offices, offsite ATMs, Kiosks.
• Ensure that legal and risk approvals on the agreements, along with the business approvals.
• Monitors lease payments and ensures timely payments to avoid any financial and reputational loss.
• Management of AOV on deposits paid and received upon opening or closure of Premises.
• Responsible for documentation for the purpose of ICV certification for the bank in coordination with Group Finance.
• Works closely with Finance and Expense team in developing notional rent report being shared to business on a monthly basis.
• Closely work with the Projects team for any coordination works related to Fitout projects, including PR submission to monitoring payments as per project requirements
• Responsible in arranging permits, NOCs for and other documentation locations for all related works.
• Act as a SPOC for all governance related requirements for Premises such as closure of all audit points, developing policies and procedures, monitoring KRI and RCAs.
• Responsible in preparing budget requirements and monitoring expenses.

Minimum Qualifications:

• University Degree (Business Administration/Finance)
• Good knowledge of Accounting, Lease contract execution ‎and Leasing Administration
• Good knowledge of English (spoken/written)
• Computer literate
• Good communication skills
• Excellent negotiation skills

Minimum Experience:

• 6 - 10 years in banking context