Commercial Manager IFM CRES

Absa Bank Limited; Johannesburg; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A prominent financial institution in Johannesburg is seeking a Commercial Contract Manager to oversee commercial agreements, ensuring compliance with SLAs and KPIs while driving continuous improvement in contract management. The ideal candidate will possess a Bachelor's Degree in Business or a related field, alongside strong negotiation and financial analysis skills. This role offers a dynamic work environment and the chance to contribute to significant projects within a leading bank.

Qualifications

• Strong experience in contract management and negotiation.
• Ability to analyze financial and commercial reports.
• Excellent communication and stakeholder management skills.

Responsibilities

• Oversee commercial and contractual aspects of agreements.
• Ensure compliance with contractual obligations, SLAs, and KPIs.
• Drive continuous improvement in contract and cost management.

Skills

Contract negotiation

Financial analysis

Compliance management

Communication

Education

Bachelor’s Degree in Business, Commerce or Management Studies

Job description

Empowering Africa’s tomorrow, together…one story at a timeWith over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The Commercial Contract Manager is responsible for overseeing the commercial and contractual aspects of Tier One IFM Supplier Agreement, compliance, service level agreements (SLAs) and support in the review of business cases and change notes for changes in services.

Key Responsibilities

Contract Management

• Draft, review, and negotiate FM-related contracts with vendors and service providers
• Ensure Commercial Governance, timelines, references to the agreements etc
• Ensure compliance with contractual obligations, SLAs, and KPIs
• Liaise with Absa Legal and Procurement re business cases, change notes and WA’s, FOO
• Maintain accurate records of all contracts and amendments
• Drive continuous improvement in contract and cost management

Commercial Oversight

• Review of Commercial / Finance Reports
• Review and Approve monthly invoices – GMP, Pass Through Charges, Direct Payment Suppliers
• Communication of submission of financial and commercial aspects like budget submissions, year-end invoice deadlines etc
• Review annual GMP Reset
• Review achievement of Financial / Commercial KPI’s
• Interact with Tier One Vendor Finance teams on the requirements for additional reporting and ad hoc numbers for e.g., new building projects
• Assist in follow-up of open PO’s and conclusion
• Assist in the development and application of the Direct Supplier payment process for GMP and Capital items
• Attend Commercial, Project and Governance meetings for governance compliance
• Monitor and control FM budgets, forecasts, and financial performance
• Identify cost-saving opportunities without compromising quality
• Conduct financial analysis and reporting for FM operations
• Resolve disputes and manage contract variations effectively
• Assist in reviewing of Costs for FM function, especially Virtual Arts and Money Museum budgets

Review and Approval of Business Cases and Change Notes

• Review Business Cases for compliance with the Agreement references and charges
• Assists Integrated Facility Management Ops in the defining of additional services
• Assists with any queries re service standards, GMP principles in applying services to Operations teams Facility and Engineering Management
• Liaise with CRES Finance to ensure accurate charges for new services
• Review Change Notes to ensure it complies with the Agreement
• Interaction with Cres VP’s (FM and Engineering) to ensure new services are correctly defined
• Interaction with Tier One Finance/ Commercial / Operational Teams to ensure accurate and complete recording of additional services in business cases, etc
• Manage relationships with external suppliers and internal stakeholders
• Conduct regular performance reviews of vendors against agreed KPIs

Tier One Supplier Projects

• Compiling monthly CIP Progress Reporting from Tier One Supplier into CRES Tracking system
• Review of monthly Capital Investment Program progress reports
• General support and review of Cost Board Business Cases for compliance to the Agreement
• Support the preparation of and submitting consolidated Capital Investment Program Exco Report for FM, Engineering and Capital Projects
• Review of Project progress approvals vs execution

Other

• Ensure adherence to legal, regulatory, and company standards
• Mitigate commercial risks through robust contract terms and governance
• Support audits and compliance checks
• Proposal of and liaison with Tier One Supplier Commercial team re-additional cost optimizing opportunities e.g. delivery charges
• Guidance re-GMP Principles and applications
• Participating in RFP’s when required – Engineering and FM suppliers
• Compiling annual consolidated Capital Investment Program Budgets from the Tier One Vendor and Capital Projects, and submitting to Finance

Other Agreements

• Utilities and Energy Management
  • Review and approve invoices submitted for payment
  • Review Financial / Commercial Reports
  • Communicate budget / invoice deadlines
  • Review Savings targets
  • Validate Contractual Compliance
  • NOSA Commercial representation in Governance Meetings

Education

Bachelor’s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised.