Job Details

Senior Manager I Portfolio Management

Company name

Organization Type

In-House

Job Type

Attorney

Valid Through

Sep 25,2019

Posted on

Jun 12,2019

Years of Experience

Min 5 yrs required

Location

Bentonville, AR, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Real Estate >> Real Estate
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Senior Manager I, Portfolio Management
The candidate manages the property management operating portfolio by developing recommendations on improving site appearances and increasing sales growth potential; communicating recommendations to leadership; negotiating subleases, terminations, and purchase options; analyzing use restrictions and approving store uses to contribute to income generation for properties; conducting site visits; participating in contract negotiations with prospective business partners and third parties; managing third-parties and addressing issues ; and securing approvals for property management recommendations. Manages projects for real estate transactions and deal initiations for assigned geographic area by analyzing data ; identifying site selection and asset sale options appropriate for non-complex markets ; conducting site selection and asset sale analysis; evaluating the financial impact of projects; providing recommendations on business decisions based on dat a; and supporting recommendation development on non-complex sales and site selection projects for leadership. Manages Realty project management by approving warehouse leases; ensuring compliance with local laws ; ensuring adherence to mitigation strategies; developing budgets and communicating capital expense to senior leadership; forecasting and advising on gaps and opportunities on capital expenditure and legal expenses; and overseeing department reports for capital expenditures, legal expenses, property management, and lease management. Negotiates lease agreements by performing research on assigned portfolios, current market trends, and pertinent financial metrics ; negotiating rent reduction packages; negotiating with landlords to outline parameters of contracts ; presenting to internal key stakeholder committees to gain approval; and researching lease terms and business opportunities to effectively negotiate and establish the new terms of lease agreements. Implements strategies for maximizing value of Walmart real estate assets by providing recommendations to officer-level committees regarding the financial benefit of purchasing leased properties for on-site relocation or expansion projects; collaborating with cross-functional teams ; informing and promoting real estate interests to corporate executives, local government entities, community groups, and businesses; generating revenue for the company through real estate negotiations and partnerships with third parties; facilitating Realty Committee meetings; overseeing documentation of and reviewing capital expenditure decisions; managing and resolving lease expiration and zoning issues; developing and implementing processes for approval of projects with internal business partners ; and analyzing real estate documents to ensure projects are within parameters. Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning. Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness. Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy. Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost effectiveness; and participating in and supporting community outreach events.

Qualification and Experience

The candidate should have Bachelor’s degree in Real Estate or related field and 3 years’ experience in real estate, retail development, tenant representation, or related area OR 5 years’ experience in real estate, retail development, tenant representation, or related area. 2 years’ experience in property management is required. J.D., Masters: Business Administration is desired.

Company info

Hiring Coordinator
Walmart Inc
702 SW 8th Street
Bentonville, AR 72716

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