Senior Manager, Portfolio Management
About The Position
This role will develop and execute a lease strategy for Sams Clubs. It requires creativity in negotiating complex deals, cross functional partnership to make sure all of the Sams interest is taken into consideration as part of the renewal, and ability to model the NPV of multiple lease deal structures. The associate will be responsible for partnering closely with operations, legal, and project management teams, and presenting recommendations to executive leadership committees. The Sams Club Portfolio Management team leads new club development, oversees property management for all operating clubs, and completes all lease renewals for clubs. It sits within Walmart real estate supporting the Sams Club side of the business and works closely with internal partners on opportunities across the enterprise.
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.
- Experience managing real estate, property management, or project portfolios with financial and operational accountability.
- Proven ability to evaluate data, financial metrics, and market trends to guide business recommendations.
- Experience negotiating leases, contracts, or real estate agreements with external partners.
- Strong understanding of capital planning, budgeting, and compliance within real estate or asset‑based projects.
Nice To Haves
- Project and portfolio management
- Supervisory
- J.D.
- Masters: Business Administration
Responsibilities
- Develop and execute a lease strategy for Sam's Clubs.
- Negotiate complex deals, including lease terms, rent reductions, subleases, and purchase options with landlords and third parties.
- Partner cross-functionally with operations, legal, and project management teams to ensure Sam's interests are considered in renewals.
- Model the Net Present Value (NPV) of multiple lease deal structures.
- Build relationships with landlords and partner to drive mutual benefit in negotiations.
- Analyze market conditions to understand financial and non-financial levers involved in renewing leases.
- Develop a holistic leasing strategy for the Club portfolio.
- Present recommendations to executive leadership on a monthly cadence.
Benefits
- Competitive pay
- Incentive awards for your performance
- 401 (k) match
- Stock purchase plan
- Paid maternity and parental leave
- PTO (including sick leave)
- Multiple health plans
- Performance-based bonus awards
- Medical, vision and dental coverage
- Company-paid life insurance
- Family care leave
- Bereavement
- Jury duty
- Voting
- Short-term and long-term disability
- Company discounts
- Military Leave Pay
- Adoption and surrogacy expense reimbursement
- Live Better U (Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities, covering tuition, books, and fees for high school completion to bachelor's degrees, English Language Learning and short-form certificates)
- Stock
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What This Job Offers
Job Type
Full-time
Career Level
Senior
