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Commercial Manager
Vicinity Centres
Financial management and control of the Development business, including payment of development expenditure, job cost reporting, and business reporting.
14d ago
Experienced (8-12 years), Expert & Leadership (13+ years), Intermediate (4-7 years)
Full Time
Chadstone, Victoria, Australia
Hybrid
Company Size
1,300 Employees
Service Specialisms
Property Development
Asset Management
Retail Management
Leasing
Investment
Property Strategy
Operations
Design
Sector Specialisms
Commercial
Retail
Role
What you would be doing
budget management
bill review
auditor verification
expenditure payment
team conversations
timesheet management
- Effective management of budgets as per forecast with demonstrated focus on managing cost.
- Bill development associated fees and internal time on a timely basis as due to Vicinity.
- Internal and external auditors: verification of development financials
- Manager DAV, Development Finance Managers and Development Analysts in DAV team: payment of development expenditure, ensuring job cost reports reflect latest development commitments.
- Quarterly development conversations conducted with all team members.
- Manage development timesheets to ensure the business understands where development resource is being allocated and where it is being underutilised.
- 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
- Preparation of funding requests to ensure funds are available to pay development invoices when they fall due.
- Development team (i.e. Development Managers, assistants to Development Managers, etc): assistance with development payments, commitments, forecasting job cost reports
- External Reporting and Financial Operations Team: reporting of development expenditure for balance sheet, funding requirements
- 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.
What you bring
leadership
cross-functional
compliance
commercial acumen
accounting
excel proficient
- Demonstrated commitment to building own capability as a people leader.
- Experience working cross-functionally with finance, analytics, and operational teams
- 100% of compliance training is completed on time for team.
- Commercial acumen with the ability to balance strategic thinking and financial rigour
- Strong understanding financial accounting principles
- Familiarity with budgeting, forecasting, and financial governance frameworks
- Strong communication and stakeholder engagement skills, including the ability to present complex information clearly
- Proven experience in financial management within property, real estate, or infrastructure sectors
- Ability to work independently and collaboratively
- High level of proficiency in Excel
- CPA or CA qualified
- Advanced problem-solving skills with attention to detail
- Regular 1:1’s, team meetings and development conversations conducted - minimum monthly cadence.
- Track record of delivering high-quality financial reporting and performance insights to senior stakeholders
- $1,000 worth of VCX securities rewarded for eligible team members
- Birthday leave & purchased additional leave
- Generous Parental Leave
- Flexible working options
- Internal mentoring program
- Development expenditure is paid on time with total accuracy.
Information not given or found
Interview process
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Visa SponsorshipInformation not given or found
Security clearance- criminal history background/police check
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Company
Overview
$24B Portfolio
Total Assets Under Management
The company manages a $24 billion portfolio spanning various retail and mixed-use properties across Australia.
~52 Retail Assets
Properties in Portfolio
The portfolio includes approximately 52 retail assets, covering a range of sectors including grocery, fashion, and dining.
5 Mixed-Use Precincts
Strategic Developments
The company has developed five mixed-use precincts that integrate residential, office, and retail spaces.
2015 Merger
Key Corporate Event
The company was formed through the merger of Federation Centres and Novion in 2015, marking a significant corporate milestone.
- weaving decades of retail real estate heritage into its DNA.
- Landmarks like Chadstone (Melbourne) and the Queen Victoria Building (Sydney) anchor its reputation as curator of iconic, community‑centric destinations.
- Innovative redevelopments—such as fresh food precincts at Chadstone and the One Middle Road tower—showcase its ability to evolve spaces to meet changing consumer lifestyles.
- With a nationwide footprint—from suburban hubs to CBD complexes—the company shapes how Australians shop, live, work and play across urban and regional markets.
- A history marked by strategic spin‑offs—from divesting its US arm to beach‑side WA mall sales—reveals a sharp focus on core Australian assets and growth through reinvestment.
- Its expertise spans retail property ownership and management, leasing, development, office and residential integration, and solar‑equipped precincts.
- Unusual mix: it blends traditional shopping centre operations with residential, hotel and office offerings, crafting mini‑city precincts under one roof.
- Co‑created: Created by our people and for our people.
- 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 our decisions.
- Collaboration: We invite the right people to the table. We balance consensus with decisive action.
- Excellence: We always strive to improve. We share our challenges and celebrate our wins.
38% Emissions Reduction
Emissions Intensity
Emissions intensity has decreased significantly compared to FY16 levels.
52% Waste Diversion
Waste Management
Over half of waste generated was successfully diverted from landfills.
43,487 MWh Solar Energy
Renewable Energy Generation
Solar energy generated across the entire portfolio of assets.
90% Construction Waste Diverted
Sustainable Construction
Significant portion of waste from construction projects was recycled or reused.
- Chadstone Place achieved ILFI Zero Carbon Certification, 6‑Star Green Star Design & As‑Built, 5.5 NABERS Energy – retrofit saved 85% embodied carbon.
- Committed to Net Zero carbon emissions (Scopes 1 & 2) in common mall areas of wholly‑owned retail assets by 2030.
- 4.3‑star NABERS Portfolio Energy Rating; ranked #1 in Oceania (listed category) by GRESB.
- Since 2018, installed >35.89 MWh of solar capacity (23 centres, $73 million program).
- Energy efficiency initiatives since June 2016 delivered 14% carbon emissions reduction portfolio‑wide.
16 Weeks
Parental Leave
Provides 16 weeks of parental leave for all permanent team members from day one.
$9.2M
Community Investment
Total investment in local communities during fiscal year 2024.
7 Years
Reconciliation Action Plan
The company's Reconciliation Action Plan is in its 7th year, demonstrating long-term commitment to reconciliation efforts.
40:40:20
Gender Target
Workplace gender representation target of 40% female, 40% male, and 20% non-binary/gender diverse.
- Accreditations: Disability Confident Recruiter; Hidden Sunflower Organisation; Australian Workplace Equality Index Bronze; Australian LGBTQ+ Inclusion Awards.
- Four Employee Advocacy Groups: Gender Balance, Cultural Diversity, Pride & Allies, Disability & Access—sponsored by Executive Leadership.
- Reconciliation Action Plan in its 7th year; fourth Innovate RAP launched December 2024.
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