Leasing Manager

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Old Mutual Finance Property Management

This role fits within the Properties Team that sits inside Old Mutual Finance, the retail unsecured lending, servicing and transactional banking arm of Old Mutual.

We manage 340+ Retail stores for Old Mutual Finance across the country, where we sit in Large Regional malls major metros or in rural the high streets in a town like Lusikisiki, Eastern Cape. We don’t own any buildings but are on the tenant side of the property world with branch sizes ranging from 50m² to 450m².

We also manage 250+ private client properties and portfolio consisting of commercial offices, funeral parlors, fleet management warehouse, satellite retail offices etc.

As a properties team, we provide a full turnkey solution to the above Old Mutual Finance and external Old Mutual Group business units (referred to as private clients).

We provide the following full turn-key solutions:

• Leasing & portfolio management
• Legal services
• Properties Procurement with our own OMF procurement policies and group of Properties vendors
• Projects (Construct of new premises, Relocations, Closures, Upgrades, ATM installations, UPS installations, Water tank installations and Marketing or signage façade upgrades to name a few)
• Repairs and maintenance of managed premises via call center agents and Maintenance officer teams
• Design team managing all NBR requirements and managing of client specific corporate images
• Projects Co-Ordination managing all spends related to projects and some Ad hoc FM services. Tracking of Budgets and managing of Ledgers to name a few of the services.

This role is individually accountable for identifying and closing transactions for profitable OMF branches, and value adding leasing transactions for new retail branches and commercial offices, relocations, enlargements, reductions, closures and renewals through others over periods of up to 1 year.

Candidate will be required to attend to the following duties:

• The day-to-day management of various geographical property portfolios, assigned to a Leasing Manager, considering market related role benchmarking as captured in the Performance Contracts main KPI’s.
• Identifies and concludes client briefed strategically valued leasing transactions in various portfolios for:
  • new retail branches and commercial offices
  • relocations, enlargements, footprint reductions, closures and
  • renewals.
• Manage special projects and initiatives from time to time.
• Concludes above leasing transactions on terms and conditions in accordance with client mandates.
• Identifies property trends for opportunities. Identifies and resolves problematic vacancies for portfolio clients.
• Develops and maintains customer / industry networks to maximize lead identification.

Communication

• Consistently negotiates best transactions for new branches/offices and renewals taking market rentals, special conditions, construction costing and retail & commercials developments into consideration.
• Client liaison/management responsibility for Ad Hoc / new retainer client(s), as one point of contact across portfolio for advice in leasing, legal, design, headcount, project management, budget, FM etc.

Compliance

• Ensure that verbal negotiated terms and conditions are accurately incorporated in Offer to Lease and other leasing documents.
• Ensure that above is reflected in the presentation to the various Property Committee Boards.
• Ensure that the transaction is concluded with the landlord in terms of the minutes of the various Property Committee Boards.
• Ensure that all transactions are finalized in adherence of the various Internal Protocols.

Maintenance Services Delivery

• Meet annual new retail branch and office budget, relocations, enlargements & reductions budgets and agreed renewal budget.
• Identifies and resolves problematic space planning requirements for portfolio clients.
• Continuous training and up-skilling will be implemented to keep current on all property and industry related trends and changes.

Job specific KRA’s:

• Independent, self-starter, self-motivated, meticulous in time management, shows leadership qualities and member of the various Property Portfolio Management Committees.
• Individually accountable for delivery of KPI’s as per the Performance Contract.
• Collective transaction and project-based accountability within a larger team format across various property departments.

Minimum requirements:

• Grade 12
• Valid Driver’s Licence
• Minimum 5 years practical Retail and Commercial management experience and/or 5 years post admission legal experience essential
• Property Management Diploma and/or Legal Degree advantageous
• Qualified as Full Status / Principal Property Practitioner with a valid FFC advantageous

Skills

Competencies

Business Insight, Communicates Effectively, Decision Quality, Ensures Accountability, Financial Acumen, Manages Complexity, Persuades, Plans and Aligns.

Closing Date

23 April 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!