Leasing Manager

Requisition ID: 188345

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

The Leasing Manager reports to the Senior Program Manager, Leasing and is responsible for managing, including negotiation, various types of leases and/or purchase/sale transactions for a designated portfolio of International and Canadian properties. The incumbent is accountable to ensure that all ABM premises, as well as branch and office premises are secured or disposed of in accordance with the location and business requirements of Bank user groups and that transactions are finalized in accordance with general policy objectives, as agreed with Senior Management, of protecting and enhancing the value of the Bank’s franchise. The Leasing Manager is the Bank’s front line initiator of communication with internal Bank groups to achieve consensus decisions for property strategies and the leading executor of third party negotiations to finalize related real estate transactions. The Leasing Manager is required to source, cultivate and manage a network of internal/external contacts to determine banking, competitor and industry trends in order to provide information and recommendations to the Senior Program Manager, Director and Vice President, Leasing.

The incumbent is responsible for the personal delivery of service to customers, branches, local management, Executive Offices departments and subsidiaries that is consistent with the ScotiaService standards and complaint resolution standards and procedures.

Accountabilities

1. Manage leased and/or owned properties to ensure that timely, value effective branch and office space strategies are delivered in accordance with the business needs of line banking or service support groups.

2. Manage and co-ordinate the due diligence review of market and property conditions, appraisal valuations and the assessment of alternative opportunities in order to formulate appropriate real estate and business recommendations for Senior and Executive Management.

3. Negotiate the acquisition and disposition of leased or owned real estate.

4. Execute legal agreements to protect and optimize the Bank’s position in the acquisition and disposition of leased and owned real estate.

5. Manage effective administrative control over a designated portfolio of branch and office real estate in order to protect the Bank’s tenancy or ownership interest.

6. Provide research support and execute special project initiatives.

Requirements

The incumbent must have knowledge of commercial real estate and business practices in order to adeptly manage the complexity of property issues in the context of providing real estate solutions for the Bank’s representational, operational and business initiatives. Also, a capacity for cross-functional and multi-disciplinary work, and a complete understanding of leasing/purchase procedures; negotiating tactics and strategies; appraisal valuation methodologies and quantitative analytics, as well as a solid grasp of building construction & technology; legalities; municipal development processes; property taxation; finance and accounting is critical.

Strong human relations skills are essential because the incumbent must initiate contact and build communication loops with Bank user groups in order to assemble cross-department interests and achieve consensus strategy decisions, as well as solicit, network and cultivate industry contacts. Persuasive, but tactful, negotiating ability and mutual sensitivity are fundamental skills to effectively deal with developers/landlords. The Leasing Manager needs conceptual creativity to identify challenges and opportunities, crisp and clever logic to anticipate changes of position and to strategize action plans, good judgement as the real estate market is not readily predictable and strong business acumen because the timing and positioning of negotiations is critical to results.

The incumbent requires self-initiative, resourcefulness and strong organizational ability to manage a diverse range of interests and issues in executing transactions. Excellent oral and written communication skills are also required to make verbal presentations and prepare report recommendations. Knowledge and experience with personal computer hardware and software is necessary to prepare reports, correspondence, budgets and schedules. A high level of energy, enthusiasm and commitment is also necessary.

Education

Post-secondary degree, preferred with at least 5 years of real estate experience.

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  Please note that this is a 18-24 month contract

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. 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.