Real Estate Sr. Manager, Sublease Portfolio
About the position
Responsibilities
• Deliver a best-in-class subtenant management program that scales across a global portfolio in partnership with our outsourced Lease Administration and Subtenant Management team
• Nurture relationships with subtenants, property managers, landlords, and internal REWS team-members to anticipate needs and partner effectively
• Team closely with REWS and business partners to support real estate needs and the subleasing strategy, providing reporting and decks as requested
• Drive a high level of accuracy on sublease abstracts, critical date reports, monthly rent statements, bill backs, operating expense estimates, reconciliations, and other monthly results
• Supervise accounts receivables for subtenants and team with Legal as-needed
• Partner on subtenant audit requests and assist with internal audits as they relate to subtenant portfolio
• Lead on budgets and re-forecasts related to subtenant portfolio
• Lead collection, tracking, and return of Letter of Credits and Security Deposits in partnership with Treasury and outsourced Subtenant Management team
• Ensure spaces being marketed for sublease are in tour-ready condition in partnership with REWS and our outsourced Subtenant Management team
• Lead all aspects of Property Condition Assessments to ensure subleased spaces are being maintained
• Team with REWS Transactions team on requests related to sublease transactions, landlord consent process, and handover preparations
• Manage and approve subtenant tenant improvement and alterations requests, tenant improvement allowance (TIA) draw packages, and payment of TIA in partnership with REWS Project Design & Delivery team, our outsourced Subtenant Management team, and landlords
• Provide timely and accurate review and approval of OpEx Estimates and Reconciliations in partnership with outsourced Subtenant Management team
• Lead smooth move-in and move-out processes, teaming with Master Landlord, REWS, and our outsourced Subtenant Management team
• Own quarterly Key Performance Indicators (KPIs) related to sublease management performance
• Ensure Playbooks are current and representative of industry standard methodologies
• Partner on data strategy, metrics, and reporting for subleased portfolio
• Tailor program to local regulations and practices based on sublease location
• Partner with the Project Design & Delivery team on the implementation of our REWS Climate Transition Plan as it relates to our subleased portfolio.
Requirements
• Bachelor's Degree or equivalent experience
• At least 6-8 years of commercial real estate experience in asset/property management and/or on a real estate & workplace team leading a subtenant portfolio
• Expert level skills to comprehend, analyze, interpret, and summarize various types of leases and subleases
• Strong financial, accounting, and data skills, including experience preparing OpEx Estimates and Recons
• Ability to lead through ambiguity and prioritize opposing priorities to ensure project timelines are met
• Self starter who is proactive, diligent, and acts like an owner
• Ability to optimally communicate verbally or in writing with internal and external partners through data-informed storytelling
• Proficient with Google suite, lease administration platform(s), Slack, and DocuSign
Benefits
• Competitive salary
• Incentive compensation
• Equity options
• Comprehensive health benefits
• Employee resource groups
• Inclusive benefits
• Professional development opportunities
Apply Now
Apply Now
Responsibilities
• Deliver a best-in-class subtenant management program that scales across a global portfolio in partnership with our outsourced Lease Administration and Subtenant Management team
• Nurture relationships with subtenants, property managers, landlords, and internal REWS team-members to anticipate needs and partner effectively
• Team closely with REWS and business partners to support real estate needs and the subleasing strategy, providing reporting and decks as requested
• Drive a high level of accuracy on sublease abstracts, critical date reports, monthly rent statements, bill backs, operating expense estimates, reconciliations, and other monthly results
• Supervise accounts receivables for subtenants and team with Legal as-needed
• Partner on subtenant audit requests and assist with internal audits as they relate to subtenant portfolio
• Lead on budgets and re-forecasts related to subtenant portfolio
• Lead collection, tracking, and return of Letter of Credits and Security Deposits in partnership with Treasury and outsourced Subtenant Management team
• Ensure spaces being marketed for sublease are in tour-ready condition in partnership with REWS and our outsourced Subtenant Management team
• Lead all aspects of Property Condition Assessments to ensure subleased spaces are being maintained
• Team with REWS Transactions team on requests related to sublease transactions, landlord consent process, and handover preparations
• Manage and approve subtenant tenant improvement and alterations requests, tenant improvement allowance (TIA) draw packages, and payment of TIA in partnership with REWS Project Design & Delivery team, our outsourced Subtenant Management team, and landlords
• Provide timely and accurate review and approval of OpEx Estimates and Reconciliations in partnership with outsourced Subtenant Management team
• Lead smooth move-in and move-out processes, teaming with Master Landlord, REWS, and our outsourced Subtenant Management team
• Own quarterly Key Performance Indicators (KPIs) related to sublease management performance
• Ensure Playbooks are current and representative of industry standard methodologies
• Partner on data strategy, metrics, and reporting for subleased portfolio
• Tailor program to local regulations and practices based on sublease location
• Partner with the Project Design & Delivery team on the implementation of our REWS Climate Transition Plan as it relates to our subleased portfolio.
Requirements
• Bachelor's Degree or equivalent experience
• At least 6-8 years of commercial real estate experience in asset/property management and/or on a real estate & workplace team leading a subtenant portfolio
• Expert level skills to comprehend, analyze, interpret, and summarize various types of leases and subleases
• Strong financial, accounting, and data skills, including experience preparing OpEx Estimates and Recons
• Ability to lead through ambiguity and prioritize opposing priorities to ensure project timelines are met
• Self starter who is proactive, diligent, and acts like an owner
• Ability to optimally communicate verbally or in writing with internal and external partners through data-informed storytelling
• Proficient with Google suite, lease administration platform(s), Slack, and DocuSign
Benefits
• Competitive salary
• Incentive compensation
• Equity options
• Comprehensive health benefits
• Employee resource groups
• Inclusive benefits
• Professional development opportunities
Apply Now
Apply Now