Manager – Corporate Real Estate

Hiring for: One of India’s leading non-banking financial companies (NBFCs), focused on driving financial inclusion across rural and semi-urban markets.

Role: Manager – Corporate Real Estate

Experience: 7 to 10 years

Location(s): Kurla, Mumbai (Next to Phoenix Market City)

Salary: Up to INR 16 LPA

1: Job Purpose Statement  

To manage end-to-end real estate operations including property identification, negotiation, documentation, and branch setup, ensuring cost-effective agreements, legal compliance, and timely execution. Drive financial discipline, process governance, and stakeholder coordination while enabling business expansion through strategic infrastructure planning and budget management. 

2: Duties & Responsibilities 

• Conduct thorough market research using online tools, and other channels to identify optimal property options based on defined evaluation criteria. 
• Negotiate rentals and commercial terms to ensure fair and cost-effective agreements. 
• Manage documentation across all stages: offer letter review, LOI issuance, due diligence, agreement execution, and possession of formalities. 
• Ensure that legal clearance is obtained before finalizing agreements. 
• Coordinate release of security deposits and initiation of rental payments post-possession. 
• Coordinate with Infra team for readiness of new premises. 
• Create owner and premises codes, update contract master, and complete system entries for new branches. 
• Prevent double rent payments during relocations through timeline coordination. 
• Ensure timely release of rent to avoid penalties and interest charges. 
• Confirm recovery of security deposits and ensure rent initiation only after settlement of previous dues. 
• Communicate signed agreement details to relevant stakeholders. 
• Publish MIS reports on rent provisions and call out outliers for review. 
• Conduct budget vs actual comparisons and share insights with stakeholders. 
• Study trends in new openings and relocations to derive realistic budgets in coordination with Operations. 

3: Key Challenges 

• Achieving fair rental and commercial terms through effective negotiation, while managing expectations of property owners and internal stakeholders. 
• Balancing business requirements, location preferences, and budget constraints while ensuring thorough market research and evaluation of multiple property options. 
• Managing dependencies across Infra, Legal, Finance, and Operations teams to ensure timely possession, rent initiation, and branch readiness. 

Knowledge  

• Commercial office space leasing across various states.  
• Taxation related knowledge (TDS, GST etc.) in leasing contracts. 

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