Commercial Manager

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.
Role purpose

The Commercial Manager is responsible for assisting the GM Development Analysis and Valuations (GM DAV) with all aspects of financial control of the Development business. This includes facilitating the on-time payment of development expenditure including construction claims, the management of Assistant Development Accountants and the associated preparation of funding requests. The role will also assist in ensuring accurate job cost reports are in place for all projects and period end financial control activities are undertaken (i.e. accruals). The role will also be responsible for timesheet reporting and the billing of internal time and fees for projects and the associated forecasting and reporting of these billings for future periods.

Key Accountabilities

People Leadership

• All elements of the annual performance cycle are completed by the due date (including goal setting, mid-year reviews, EOY conversations).
• Regular 1:1's, team meetings and development conversations conducted - minimum monthly cadence.
• Performance issues are managed in an effective and timely manner.
• Quarterly development conversations conducted with all team members.
• 100% of compliance training is completed on time for team.
• All health and safety, risk and compliance requirements are delivered across the team.
• Effective management of budgets as per forecast with demonstrated focus on managing cost.
• Demonstrated commitment to building own capability as a people leader.

Financial Control of Development Expenditure

• Development expenditure is paid on time with total accuracy.
• Preparation of funding requests to ensure funds are available to pay development invoices when they fall due.
• Work closely with Development Analysts and Development Finance Managers to ensure accurate job cost reports are in place at all times.
• Complete monthly, half-year and year-end accounting activities as appropriate. Liaison with other Vicinity finance functions and internal and external auditors

Fees and Internal Time Billing

• Bill development associated fees and internal time on a timely basis as due to Vicinity.
• Manage development timesheets to ensure the business understands where development resource is being allocated and where it is being underutilised.

Development Business Reporting and Forecasting

• Assist the GM DAV with all development business reporting, which includes (but is not limited to) maintaining the development pipeline, development expenditure reporting and current and future period internal time and fees forecasting.
• Assist in ad-hoc reporting activities such as investor relations presentations.

Key Role Relationships

• Manager DAV, Development Finance Managers and Development Analysts in DAV team: payment of development expenditure, ensuring job cost reports reflect latest development commitments.
• External Reporting and Financial Operations Team: reporting of development expenditure for balance sheet, funding requirements
• Internal and external auditors: verification of development financials
• Development team (i.e. Development Managers, assistants to Development Managers, etc): assistance with development payments, commitments, forecasting job cost reports

Experience & Capabilities
ESSENTIAL EXPERIENCE (what you have done)

• Proven experience in financial management within property, real estate, or infrastructure sectors
• Track record of delivering high-quality financial reporting and performance insights to senior stakeholders
• Experience working cross-functionally with finance, analytics, and operational teams
• CPA or CA qualified

CRITICAL KNOWLEDGE (what You Need To Know)

• Strong understanding financial accounting principles
• Familiarity with budgeting, forecasting, and financial governance frameworks

CAPABILITIES (what You Can Do)

• Commercial acumen with the ability to balance strategic thinking and financial rigour
• Advanced problem-solving skills with attention to detail
• Strong communication and stakeholder engagement skills, including the ability to present complex information clearly
• High level of proficiency in Excel
• Ability to work independently and collaboratively

PERSONAL ATTRIBUTES (who You Are)
You consistently demonstrate and role model the behaviours that bring the Vicinity values to life:

Respect

• We listen to and acknowledge each other's views
• We have difficult conversations with care

Integrity

• We back our words with the right actions
• We do the right thing, no matter the situation

Customer Focus

• We nurture a genuine connection with our customers
• We consider customer needs when making decisions

Collaboration

• We invite the right people to the table
• We balance consensus with decisive actions

Excellence

• We always strive to improve
• We share our challenges and celebrate the wins

Why Vicinity?

Benefits
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
• Internal mentoring program
• Generous Parental Leave

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.

At Vicinity we embrace and celebrate diversity and 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.
Our people and our Employee Advocacy Groups (Gender Balance, Cultural Diversity, Disability & Access and Pride & Allies) actively build community and provide allyship within Vicinity. If you'd like to speak to someone to understand what it's like firsthand to work here, please reach out to our Talent Acquisition team.
Role
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Note:
To
be eligible to apply for this position, you must have existing, relevant Australian work rights. At the later stages of the recruitment process the shortlisted candidate/candidates will be required to undergo a Criminal History Background/Police Check as a mandatory part of the process. Additional qualification checks may also be required dependant on role and level.