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| POSITION DESCRIPTION | PROPERTY INDUSTRY MAY 2008 |
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Senior Property Asset Manager |
| Position Code: | 8410 | | Career Level: | 4 |
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Responsible for
Controlling all operational aspects of the property asset. |
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Reports To
State Manager - Investment. |
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Supervises
May supervise a small team of Property Asset Managers. |
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Main Activities
Setting strategic objectives for each asset and preparing and implementing annual Asset Management business plans for each asset.
Controlling and monitoring the financial accounts for each property, including liaising with the accounting service provider.
Coordinating and monitoring outgoings recovery and annual reconciliations, and preparing and monitoring annual income and expense budgets for each asset.
Supervising performance of managing agents in meeting targets/budgets and compliance with the Property Management Agreement.
Supervising and coordinating all new leasing and rent review activity with managing agents.
Controlling original title and lease document security storage, as well as controlling insurance incident and claim management and assist with policy renewal.
Maintaining the Asset Management System, including tenancy information, lease expiry profile and rent reviews.
Ensuring bank guarantees are lodged by tenants as required and controlling secure storage of bank guarantees.
Administering the integration of new acquisitions into the Trust, including the appointment of leasing and managing agents.
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Key Skills
Detailed understanding of Cash Flow analysis and modelling tools.
Detailed understanding of accounting principles with particular reference to accrual accounting.
Sound knowledge of asset management, including a strategic overview, capacity to add value and act as a supervising agent.
Excellent written and oral communication and presentation skills.
Sound negotiation skills.
Flexibility of working hours to meet peak workloads and supervise interstate properties as required.
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Internal Contacts
General Manager - Property Investment, State Manager - Investment, Property Asset Management, other asset management employees. |
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External Contacts
Managing agents, accounting service provider. |
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Typical Experience
At least 8-10 years experience in property management. Tertiary degree in Land Economics or equivalent property or valuation qualifications. |
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Other Comments
Financial Services PS 146 Compliant. |
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