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| POSITION DESCRIPTION | PROPERTY INDUSTRY MAY 2008 |
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Property Asset Manager |
| Position Code: | 8420 | | Career Level: | 3 |
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Responsible for
Operational aspects of property asset management and providing support to the Senior Property Asset Manager as required. |
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Reports To
Senior Property Asset Manager. |
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Supervises
No supervisory responsibilities. |
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Main Activities
Managing the appointment of and ongoing relationship with property managers, consultants and service providers.
Supporting the Senior Property Asset Manager in the negotiation of leases in the property portfolio.
Liaising with lawyers in relation to property contracts, leases, etc.
Maintaining the Asset Management System, including tenancy information, lease expiry profile and rent reviews and related tenancy and insurance risks.
Controlling and monitoring the financial accounts for each property, including liaising with the accounting service provider.
Controlling original title and lease document security storage, as well as controlling insurance incident and claim management and assist with policy renewal.
Ensuring bank guarantees are lodged by tenants as required and controlling secure storage of bank guarantees.
Preparing and maintaining capital and expenditure budgets for all individual properties.
Assisting in preparing of monthly and quarterly property investment report production.
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Key Skills
Demonstrated customer service focus with proven ability to work in partnership with clients, establish relationships, anticipate client needs and ensure services meet client needs.
Good understanding of accounting principles with particular reference to accrual accounting.
Working knowledge of asset management, including a strategic overview, capacity to add value and act as a supervising agent.
Good written and oral communication and presentation skills.
Sound negotiation skills.
Flexibility of working hours to meet peak workloads and supervise interstate properties as required.
Demonstrated ability to work as part of a constructive and collaborative team.
Good understating of Cash Flow analysis and modelling tools.
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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 6-8 years experience in property management, relevant property/lease law and property investment principles. 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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