CRESA Financial Analyst

CRESA Financial Analyst
Contract Duration: 6 months( renewable based on performance)
Location: Changi Business Park
Replacement / New hire: New Hire
Salary Budget: Open. $5K to $10K Job Title CRESA Financial Analyst No. of Headcount for this Order 1 Salary Budget

*if you do not have a budget, please provide a perm staff's details within the team so we can do a benchmark.
Name:
Rank: Yes Years of Experience Required ~ 5 years Duration of Contract 6 months Department Name Corporate Real Estate Strategy and Administration (CRESA) Working Location DBS Asia Hub, Changi Business Park Working Hours 8.30am to 6.00pm Job Description & Requirements
*mandatory as per MOM guidelines

Prepare monthly rental payments to landlords and value-add by providing analytic insights to anomalies and variances.

Collaborate with Portfolio Planning team to derive accurate and timely NOC cost to allocate to Business and Support units in DBS.

Responsible for deriving the NOC rates for Office and Retail branches, inclusive of coordinating Portfolio Planning and CBRE teams during budget cycle.

Assist in investigating queries and issues relating to NOC and Rental payments.

Participate actively in the re-design of NOC process, clearly defining the Occupancy chargeback methodology.

Rental Payment ( MUST HAVE )

• Provide MIS support to generate rental payments to facilitate Grp Finance team to disburse payments to all landlords of DBS Bank portfolio.
• Ensure that the direct interface from CoStar to PSAP reconciles with the records.
• Perform variance analysis on rental payments to identify any anomalies or lapses.

Notional Occupancy Charges (NOC) ( MUST HAVE )

• Coordinate monthly update and retrieval of occupancy data in Plan-On system.
• Provide MIS support to analyse NOC data for anomalies and coordinate with Grp Finance team to upload charges to BUSU.
• Responsible for responding to queries from BUSU relating to NOC charges.

NOC Rates Computation

• Drive and initiate budget discussions with Portfolio Planning team.
• Coordinate Space Projection planning and ensure it is duly completed, stipulating the cut-over period.
• Collaborate within CRESA Finance team to derive budget NOC rates, providing insightful analysis on year-on-year movements.

Process Improvement

• Review the NOC process to identify area of improvements and streamlining opportunities.
• Establish a NOC chargeback methodology and documentation.

Project support

• Be the team representative for Group wide deployment of CoStar (Lease Management System) Rent Payment interface & PlanOn Space Management tool.
• Support Group Finance in the development of a CoStar change report to support monthly IFRS16 reporting.