Senior Manager, Portfolio Management-2

Walmart•Bentonville, AR

2d•$80,000 - $155,000

About The Position

Position Summary... What you'll do... 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 thirdparties 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 noncomplex 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 noncomplex 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 l ease 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 officerlevel committees regarding the financial benefit of purchasing leased properties for onsite relocation or expansion projects collaborating with crossfunctional 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 teambased work environment establishing performance expectations and conducting regular performance evaluations providing recognition and rewards coaching for success and improvement and promoting a belonging mindset in the workplace 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 coworkers or other key stakeholders soliciting evaluating and applying suggestions for improving efficiency and cost effectiveness and participating in and supporting community outreach events Respect the individual: Demonstrates and encourages respect for all builds a highperforming team seeks and embraces differences in people cultures ideas and experiences creates a workplace where all associates feel seen supported and connected through culture of belonging so associates thrive and perform drives a positive associate and customermember experience for all identifies attracts and retains the best team members Respect the individual: Creates a discipline and focus around developing talent through feedback coaching mentoring and developmental opportunities promotes an environment allowing everyone to bring their best selves to work empowers associates and partners to act in the best interest of the customermember and company and regularly recognizes others contributions and accomplishments Respect the individual: Builds strong and trusting relationships with team members and business partners works collaboratively and crossfunctionally to achieve objectives and communicates and listens attentively with energy and positivity to motivate influence and inspire commitment and action Act with Integrity: Maintains and promotes the highest standards of integrity ethics and compliance models the Walmart values and leads by example to foster our culture supports Walmarts goal of becoming a regenerative company by making a positive impact for associates customers and the world around us eg creating a sense of belonging eliminating waste participating in local giving Act with Integrity: Follows the law our code of conduct and company policies and sets expectations for others to do the same promotes an environment where associates feel comfortable sharing concerns and reinforces our culture of nonretaliation listens to concerns raised by associates takes action and encourages others to do the same holds self and others accountable for achieving results in a way that is consistent with our values Act with Integrity: Acts as an altruistic servant leader and is consistently humble selfaware honest and transparent Serve our Customers and Members Delivers expected business results while putting the customermember first and consistently applying an omnimerchant mindset and acts with an Every Day LowCost mindset to drive value and Every Day Low Prices for customersmembers Serve our Customers and Members Adopts a holistic perspective that considers data analytics customermember insights and different parts of the business when making plans and shaping the teams strategy Strive for Excellence: Consistently raises the bar and seeks to improve demonstrates curiosity and a growth mindset seeks feedback asks thoughtful questions fosters an environment that supports learning innovation and learning from mistakes and intelligent risktaking and exhibits resilience in the face of setbacks Strive for Excellence: Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more. You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable. For information about PTO, see https://one.walmart.com/notices. Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms. For information about benefits and eligibility, see One.Walmart.

Requirements

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.

Nice To Haves

Project and portfolio management
Supervisory
J.D., Masters: Business Administration

Responsibilities

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 thirdparties 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 noncomplex 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 noncomplex 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 l ease 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 officerlevel committees regarding the financial benefit of purchasing leased properties for onsite relocation or expansion projects collaborating with crossfunctional 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 teambased work environment establishing performance expectations and conducting regular performance evaluations providing recognition and rewards coaching for success and improvement and promoting a belonging mindset in the workplace
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 coworkers or other key stakeholders soliciting evaluating and applying suggestions for improving efficiency and cost effectiveness and participating in and supporting community outreach events
Respect the individual: Demonstrates and encourages respect for all builds a highperforming team seeks and embraces differences in people cultures ideas and experiences creates a workplace where all associates feel seen supported and connected through culture of belonging so associates thrive and perform drives a positive associate and customermember experience for all identifies attracts and retains the best team members
Respect the individual: Creates a discipline and focus around developing talent through feedback coaching mentoring and developmental opportunities promotes an environment allowing everyone to bring their best selves to work empowers associates and partners to act in the best interest of the customermember and company and regularly recognizes others contributions and accomplishments
Respect the individual: Builds strong and trusting relationships with team members and business partners works collaboratively and crossfunctionally to achieve objectives and communicates and listens attentively with energy and positivity to motivate influence and inspire commitment and action
Act with Integrity: Maintains and promotes the highest standards of integrity ethics and compliance models the Walmart values and leads by example to foster our culture supports Walmarts goal of becoming a regenerative company by making a positive impact for associates customers and the world around us eg creating a sense of belonging eliminating waste participating in local giving
Act with Integrity: Follows the law our code of conduct and company policies and sets expectations for others to do the same promotes an environment where associates feel comfortable sharing concerns and reinforces our culture of nonretaliation listens to concerns raised by associates takes action and encourages others to do the same holds self and others accountable for achieving results in a way that is consistent with our values
Act with Integrity: Acts as an altruistic servant leader and is consistently humble selfaware honest and transparent
Serve our Customers and Members Delivers expected business results while putting the customermember first and consistently applying an omnimerchant mindset and acts with an Every Day LowCost mindset to drive value and Every Day Low Prices for customersmembers
Serve our Customers and Members Adopts a holistic perspective that considers data analytics customermember insights and different parts of the business when making plans and shaping the teams strategy
Strive for Excellence: Consistently raises the bar and seeks to improve demonstrates curiosity and a growth mindset seeks feedback asks thoughtful questions fosters an environment that supports learning innovation and learning from mistakes and intelligent risktaking and exhibits resilience in the face of setbacks
Strive for Excellence: Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working

Benefits

At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet.
Health benefits include medical, vision and dental coverage.
Financial benefits include 401(k), stock purchase and company-paid life insurance.
Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting.
Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.
You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes.
The amount you receive depends on your job classification and length of employment.
It will meet or exceed the requirements of paid sick leave laws, where applicable.
For information about PTO, see https://one.walmart.com/notices.
Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities.
Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates.
Tuition, books, and fees are completely paid for by Walmart.
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment.
Benefits are subject to change and may be subject to a specific plan or program terms.
For information about benefits and eligibility, see One.Walmart.
The annual salary range for this position is $80,000.00 - $155,000.00
Additional compensation includes annual or quarterly performance bonuses.
Additional compensation for certain positions may also include : - Stock