Director, Retail Transactions – Corporate Real Estate (CRE)

Job title:

Director, Retail Transactions – Corporate Real Estate (CRE)

Company

Royal Bank of Canada

Job description

Job Summary In this Director role, you will be accountable for the management and oversight of Corporate Real Estate’s (CRE) retail transactions in partnership with RBC’s Global Transaction Partner.You will assist Physical Network Strategy (PNS), Regional Leads, Integrated Program Director (IPD) and Project Delivery teams to evaluate and execute real estate transactions that enable the business, control costs and mitigate risk. The role also supports PNS by developing locational parameters and strategy, space requirements, identifying suitable alternatives, recommending appropriate occupancy solutions, and negotiating lease and ownership terms on their behalf.Job DescriptionWhat is the opportunity?In this Director role, you will be accountable for the management and oversight of Corporate Real Estate’s (CRE) retail transactions in partnership with RBC’s Global Transaction Partner.You will assist Physical Network Strategy (PNS), Regional Leads, Integrated Program Director (IPD) and Project Delivery teams to evaluate and execute real estate transactions that enable the business, control costs and mitigate risk. The role also supports PNS by developing locational parameters and strategy, space requirements, identifying suitable alternatives, recommending appropriate occupancy solutions, and negotiating lease and ownership terms on their behalf.What will you do?Work with Physical Network Strategy (PNS), Regional Leads, Integrated Program Director (IPD) and Project Delivery to:

• Provide subject matter expertise to business partners and CRE leaders as it relates to transaction management concerns, such as landlord issues, lease interpretation, forced relocations, early terminations, etc.
• Develop and execute portfolio wide and/or individual site real estate strategies and transactions that support our core business, capital plans, and objectives (e.g. expansion, consolidation, renovations, optimization, and transformation projects).
• Assist business with annual occupancy cost budgeting and variance analysis to ensure financial goals are met and risks are mitigated.
• Assist and/or oversee where necessary, collecting client requirements, obtaining market data, reviewing market reports, approving regional real estate broker partners, assist in creating requests for proposals (RFP’s), review active offers in the form of letters of intent, renewal letters, leases, purchase and sale agreements, and other typical industry documentation, and assist in the preparation of approval packages for senior management.
• Interact with internal and external Corporate Real Estate partners (e.g. finance, tax, legal, design, construction & project delivery, portfolio administration, facility management, operations, and leasing documentation).
• Asset management of RBC’s owned portfolio and the coordination of the disposition of assets where appropriate (valuations, business cases, listings & negotiations).

Work with Transaction Partner to:

• Develop and evaluate portfolio, market, location and transaction strategies.
• Establish clear expectations of the Transaction Partner and work closely with them on a large number of transactions annually, monitoring progress and ensuring they execute with a high level of proficiency and knowledge, adhere to standardized processes, ensure seamless communication, consistent follow up, reporting, and timely execution.
• Foster innovation and agility in transactions, and work with Transaction Partner to refine and continuously improve existing transaction processes, controls and procedures.
• Review commission invoices and track payments.

What do you need to succeed?Must-haves:

• Minimum of 10 years of real estate experience or equivalent – a significant portion of which should demonstrate success in managing transactions and strategic planning.
• Experience in retail markets across Canada, preferably dealing with Financial institutions.
• Significant knowledge and experience related to real estate operations and development.
• Proven skills in real estate contract review and lease/purchase and sale negotiations
• Knowledge of real estate agreements and accounting concepts are imperative.
• Demonstrated experience with developing and maintaining key retail landlord and client relationships

Nice-to-have

• Strong leadership and management abilities
• Excellent written and verbal communication skills.
• Ability to effectively and concisely present information.
• Strong interpersonal and organizational skills with ability to manage multiple projects simultaneously.
• Building partnerships with business and functional unit clients
• Strategic business acumen and strong cost control mindset

What’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.Also:

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities

Job Skills Conceptual Thinking, Cost Analysis, Critical Thinking, Decision Making, Long Term Planning, Real Estate Closings, Real Estate Market Analysis, Real Estate Practice, Time ManagementAdditional Job DetailsAddress: BAY WELLINGTON TOWER, 181 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: STRATEGY AND ADMINISTRATIONJob Type: RegularPay Type: SalariedPosted Date: 2024-06-19Application Deadline: 2024-06-30Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Fri, 21 Jun 2024 06:03:03 GMT

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