Details
Posted: 26-Jul-22
Location: Bentonville, Arkansas
Type: Full Time
Required Education: 4 Year Degree
Categories:
Other
Preferred Education:
4 Year Degree
Department: Property Management
Reporting to: Head of Real Estate
Our Client is seeking a skilled, highly motivated, and entrepreneurial individual to join their team as a Senior Real Estate Development Manager. The ideal teammate will have the demonstrated ability to procure and develop real estate projects across multiple asset classes. They will also have experience managing assets, including real estate and personal property and managing teams overseeing leasing, project design, construction, and property management. The real assets under management could consist of vehicles, airplanes, art, and other valuables. As the Senior RE Development Manager, you will ensure quality control and proper execution and delivery of services and solutions for property related projects. You will report directly to the Head of Real Estate.
Our Commitment to Diversity, Equity, Inclusion and Belonging
Our Client is committed to embedding diversity, equity, and inclusion throughout the organization to foster an environment where all associates THRIVE and belong. They do this by creating:
- A culture committed to continuous learning that recognizes and values differences
- An environment of respect and connection to learn from the richness of identities, experiences, and perspectives
- Fair access for all to opportunities for growth and advancement
About the Position
You will join a top-notch team and may work with individual family members and/or company leadership to provide, develop or outsource the services provided by the department. A major priority will be the development of a long-term plan that provides best-in-class real estate services for the family, primarily outside of Northwest Arkansas. A priority for you will be the evaluation of which services to outsource and which services to provide internally as the portfolio matures. Ultimately, the goal for you is to ensure high-quality service delivery to family and related entities in a high quality, but cost-effective manner.
What You Will Do
You will demonstrate strong advisory, project management, problem solving, communication, interpersonal and leadership skills, which will instill confidence and enable you to become a trusted advisor for family members on various real estate investments.
Responsibilities
- Provide ongoing real estate acquisition, development, and asset management services across the full geographic real estate portfolio
- Provide oversite/management of projects; to include new acquisitions, remodels, repair projects and any other activities related to individually owned family properties
- Facilitate, track, and approve budgets and staffing needs for the functions listed above
- Work with the Construction and Design team on complex development projects
Asset Management
- Recommend strategies for maximizing the value and returns for assets held by the family members
- Organize paperwork and processes required to buy, sell, or modify assets
- Write reports on property asset statistics for senior management
- Act as an advisory service to individual family members and groups of family members on real estate related issues, primarily residential, recreational, and light commercial projects, by assisting in review of contracts and related costs; assisting in selecting architects, engineers, and contractors
Property Management
- Develop maintenance plans and providers or personally manage maintenance and upkeep of individually owned properties as requested by the family including mowing, cleaning, general maintenance, scheduling, preparing for family use and reoccurring events, etc.
- Assist family members in acquisition/disposition of personal properties, primarily by helping to review and/or recommend third parties to assist in buying, selling, and facilitating property donations. Develop and keep updated lists of successful agents, builders, etc. in markets of primary family interest.
- Coordinate other services needed from the family, including transportation/logistical issues, assisting with preparing for special events and other special requests by family members as needed
Leadership and Communication
- Establish clear, transparent tracking of staff activities and reporting of progress, and proactively communicating progress, changes in assignments and updates on activities to family members and staff
- Establish and communicate to family and team processes, procedures, assignment of duties, and ensure ongoing communication with family, team and with other departments
- Hire and train staff as needed
Special Projects
- Provide other services related to real estate and personal services to be determined and defined by the Head of Real Estate
Who We Are Looking For
You must possess strong financial and business acumen and exceptional interpersonal, relationship management and communication skills. You have the highest degree of professional integrity, sound judgment, a service orientation and a proven record of management and organization of complex projects.
Qualifications required for your success
- Undergraduate Degree Required
- Minimum of 10 years of strong real estate acquisition, asset management, and property management related experience
- Proven record of accomplishment in identifying and assessing real estate business and investment opportunities and in helping entrepreneurial clients
- Knowledgeable about and experienced in all areas of real estate transactions, including purchases and sales, construction management, leasing, architecture/engineering, maintenance, etc.
- Must have experience in contract negotiation
- Experienced at structuring transactions and managing P&L’s
- Understanding of and experience in managing high quality, high-touch service teams
- Resourceful with a network of advisors and/or the ability to access appropriate advisors to institute best practices in serving the needs of the family
- Willingness to travel 10-25%
Additional Helpful Experience Includes
- Financial, business strategy and business operations experience a plus
Personal attributes that support your success
- Ability to act as a trusted advisor to principals and colleagues while demonstrating expertise and integrity
- You are helpful, a team player, and show respect while collaborating with others
- You are results oriented and exercise sound judgment in your work
- A lifelong learner, who is inquisitive and solves problems with bold thinking and innovation
- A visionary who plans for the future with imagination and wisdom
- You are dedicated to achieving excellence and work with others to tackle the tasks at hand
Strategic and Financial Acumen
- Strategic thinker, with vision and an entrepreneurial spirit, who anticipates issues, understands outcomes, and effects solutions on a proactive basis
- Strong analytical skills and negotiating skills
- Technologically savvy
Leadership
- Strong leadership, management, and mentoring skills; exceptional interpersonal skills and approachable to all family clients and family office staff
- Demonstrated effectiveness in building relationships and in developing trust, confidence, and respect with multiple stakeholders
- Demonstrated ability to work collaboratively with multiple constituencies to accomplish objectives; effective facilitator
Communication
- Strong relationship management and listening skills; sounding board for the family
- Strong verbal and written communication skills
- Understands differences in communication styles and preferences with the ability to adapt and communicate effectively with all
- Strong presentation skills
Organizational and Project Management
- Strong organizational, project management and problem-solving skills
- Effectively prioritizes tasks & projects & works with family clients to organize & prioritize their projects
- Dynamic, highly-motivated, results-oriented individual with track record of managing multiple projects
- Effectively identifies/anticipates opportunities needs and issues; conducts comprehensive research and analysis, guiding clients through a thoughtful process to understand options and the ramifications of choices and makes appropriate recommendations to mitigate risk
Personal Attributes
- Demonstrated high intelligence, integrity, honesty, and discretion; maintains confidentiality; Innovative, flexible, down to earth with a good sense of humor
- Diplomatic, objective, tactful, non-judgmental, flexible, respectful, and pragmatic in all interactions
- Demonstrated maturity and judgment; sensitive to the highly personalized and discreet nature of this function; able to provide advice without being intimidated
- Self-confident and self-starter who is effective in interfacing with family members
- Able to provide honest feedback in a diplomatic manner
- Effective facilitator with the ability to see all sides of an issue and advocate a balanced solution
- Exhibits polish, professionalism with a proactive inclination and a focus on continuous improvement
- Effective in an entrepreneurial environment