We're reimagining the way Australians live, work, and play. We own and manage some of the most recognisable and loved retail destinations across Australia.
We’re evolving our portfolio into destinations that offer a broad selection of retail, residential, and office spaces. Through our diverse portfolio, data-led decision-making, and nationwide development pipeline, we do things differently.
We are Vicinity.
Job Description Summary
The key purpose of the Property Analyst is to be responsible for monitoring, preparing, reporting and analytical review of property performance. The role is responsible for producing property budgets and forecasts with a focus on maximising Net Property Income (NPI), managing debtors, reconciling monthly rentals and investigating variances and assisting the centre team in preparation of monthly outgoings.
Key Accountabilities
- Business partner with key stakeholders to highlight risks and opportunities across the asset, extract financial insights from analysing trends and respectfully challenge NPI assumptions and provide accurate and relevant financial and commercial advice for the centre/centres
- Prepare monthly reporting and analysis for review by the Property Analysts to ensure that centre budgets are achieved
- Calculate and invoice percentage rent in accordance with leases, state legislation and Group policies
- Reconcile recoveries, investigate variances and take corrective action as required
- Ensure shopping centre reconciliations are prepared and that aged items are cleared in a timely manner
- Identify processes that can be eliminated or improved
- Document procedures for new tasks
- Identify and develop action plan to deal with shopping centre recurring issues
- Assist the Centre Team in the preparation of the monthly outgoings forecast and the financial management of outgoings costs and outgoings rate
- Calculate recoveries of outgoings in accordance with leases and state legislation
- Calculate the gross lettable area (GLA) of the centre for the purposes of the outgoings rate calculation
- Report and identify variances when reviewing non-recoverable costs and take corrective action as required
- Assist the Marketing Manager in the preparation of the monthly marketing forecast and the financial management of the marketing costs
- Ensure solvency of marketing fund
Experience & Capabilities
Essential Experience
- Tertiary qualifications in Business, Accounting or related business discipline
- Post Graduate qualifications CA/CPA or studying towards this qualification
- Experience/interest in management accounting, analysis and budgeting, financial accounting or auditing
Critical Knowledge
- Robust oral and written communications skills with clear lateral thinking capability
- Financial literacy and ability to analyse financial data
Capabilities
- Proficient in use of Excel / Word / PowerPoint / Outlook
- Disciplined approach to problem solving
- Attention to detail
- Having the ability to work as part of a team and to work with the business to ensure the fostering of strong working relationships
- Ability to communicate financial data/insights to non financial stakeholders
Why Vicinity?
Our benefits program focuses on creating an awesome place to work in which our people are rewarded and recognised. This includes:
- Flexible working options
- Birthday leave & purchased additional leave
- $1,000 worth of VCX securities rewarded for eligible team members
We live and work by our values of Respect, Integrity, Customer Focus, Collaboration and Excellence. They are the foundation to everything we do and provide us a north star with which we can shape meaningful places where communities connect.
We are committed to creating an inclusive work environment where we attract, retain and develop our people regardless of gender identity, ethnicity, sexual orientation, disability and age. Applications are encouraged from all sectors of the community and we strongly encourage applications from the Aboriginal and/or Torres Strait Islander community.
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📌 Property Analyst
🏢 Vicinity Centres
📍 Melbourne