Senior Manager I, Real Estate And Portfolio Manage...

Senior Manager I, Real Estate And Portfolio Management - Real Estate

What you'll do at

Position Summary...

What you'll do...

Sam’s Club Real Estate is looking for top talent to join the organization. We are currently looking for a Sr. Manager I– Real Estate and Portfolio Management to join our team! The ideal candidate will have the following skill sets and experiences:
  • Managing all property management related issues of a territory of operating stores working cross functionally with other departments in real estate
  • Analyzing leases and restrictive documents for each site to determine if we need third party approvals to complete new initiatives at existing stores and obtaining any approvals required
  • Communicating with landlords or third parties to resolve maintenance issues outside of Walmart’s maintenance responsibilities
  • Addressing violations issued by jurisdictions
  • Supporting stores that need seasonal real estate support in the form of warehouses or temporary licenses
  • Evaluating, leveraging, and responding to a wide range of third-party requests including easements, curb cuts, waivers of restrictive documents, condemnations, and license agreements
  • Influencing and implementing a strategy for land dispositions by negotiating and presenting deals to executive leadership
  • Negotiating and presenting vacant building lease terminations or sublease

Supports real estate transactions and deal initiations for assigned geographic area by gathering and synthesizing data (for example, demographics, consumer behavior trends, competition); supporting the identification of site selection and asset sale options appropriate for non-complex opportunities; providing site selection and asset sale insights to leadership; evaluating and communicating business impact of project decisions (for example, site selection, property management options, disposition); developing project recommendations on business decisions based on analysis; and aligning project plans and the sub-market portfolio strategy and communicating alignment to leadership (for example, Regional Vice Presidents, Real Estate Executive Committee (REC).


Manages realty projects by working with consultants (for example, engineers, zoning attorneys, brokers); managing project risk, timeline, and sunk cost (for example, understanding the project risk, timing of delivery, costs spent to date); conducting project reports and communicating results to leadership; attending governmental approval meetings and acquiring advice from legal and public affairs consultants; complying with internal and external transaction regulations (for example, Sarbanes-Oxley regulations, re-approval guidelines); assessing project alignment with overall portfolio and identifying concerns; analyzing and recommending project status (for example, work-to-date) in order to seek approvals; and understanding milestone objectives and managing their completion.


Executes the property management of operating portfolio by developing recommendations on improving site appearances and increasing sales growth potential and communicating them 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 (for example, leases, easements, license agreements) with prospective business partners and third parties; managing third-parties 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 (for example, demographics, consumer behavior trends, competition); identifying site selection and asset sale options appropriate for non-complex markets; conducting site selection and asset sale analysis; evaluating the financial impact of projects (for example, budget, impacts, timing, lease expirations); providing recommendations on business decisions based on data; and supporting recommendation development on non-complex sales and site selection projects for leadership (for example, Senior Vice President, Capital Review Committee (CRC).


Supports realty and property closings for assigned geographic area by adhering to the approval process for projects with internal business partners; collaborating with other departments (for example, Store Planning, Legal, Health and Wellness) to understand legal and economic impact of closing decisions; collecting real estate documents (for example, leases, loan documents, property condition reports); analyzing real estate documents to ensure projects are within parameters; preparing required materials for transaction (for example, financials, internal memos, updated site plans); evaluating realty decisions (for example, pricing, rent, renewals, disposition) based on market studies and appraisals and managing decision impact; and supporting internal key stakeholder committee presentations (for example, Realty Committee, Internal Rate of Return (IRR) Committee, Real Estate Executive Committee) to gain approval.

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 development opportunities for associates by training; mentoring; building a team-based work environment; and ensuring diversity awareness.

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, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost-effectiveness; and participating in and supporting community outreach events.

The above information has been designed to indicate the general nature and level of work performed in the role.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The full Job Description can be made available as part of the hiring process. 

  

Benefits & Perks:  

Beyond competitive pay, you can receive incentive awards for your performance. Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.  

  

Equal Opportunity Employer  

Walmart, Inc. is an Equal Opportunity Employer – By Choice. We believe we are best equipped to help our associates, customers and the communities we serve live better when we really know them. That means understanding, respecting and valuing diversity- unique styles, experiences, identities, ideas and opinions – while being inclusive of all people.  

  

Live Our Values

Culture Champion
• Models the Walmart values to foster our culture; holds oneself and others accountable; and supports Walmart’s commitment to communities, social justice, corporate social responsibility, and sustainability; maintains and promotes the highest standards of integrity, ethics and compliance.
Servant Leadership
• Acts as an altruistic servant leader and is consistently humble, self-aware, honest, and transparent.
Embrace Change
Curiosity & Courage

• Demonstrates curiosity and a growth mindset; fosters an environment that supports learning, innovation, and intelligent risk-taking; and exhibits resilience in the face of setbacks.
Digital Transformation & Change
• Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working.
Deliver for the Customer
Customer Focus
• Delivers expected business results while putting the customer first and consistently applying an omni-merchant mindset and the EDLP and EDLC business models to all plans.
Strategic Thinking
• Adopts a holistic perspective that considers data, analytics, customer insights, and different parts of the business when making plans and shaping the team’s strategy.
Focus on our Associates
Diversity, Equity & Inclusion

• Identifies, attracts, and retains diverse and inclusive team members; builds a high-performing team; embraces diversity in all its forms; and actively supports diversity goal programs.
Collaboration & Influence
• Builds strong and trusting relationships with team members and business partners; works collaboratively and cross-functionally to achieve objectives; and communicates with energy and positivity to motivate, influence, and inspire commitment and action.
Talent Management
• Creates a discipline and focus around developing talent, promotes an environment allowing everyone to bring their best selves to work, empowers associates and partners to act in the best interest of the customer and company, and regularly recognizes others’ contributions and accomplishments.

Who We Are 

Join Walmart and your work could help over 275 million global customers live better every week. Yes, we are the Fortune #1 company. But you’ll quickly find we’re a company who wants you to feel comfortable bringing your whole self to work. A career at Walmart is where the world’s most complex challenges meet a kinder way of life. Our mission spreads far beyond the walls of our stores. Join us and you'll discover why we are a world leader in diversity and inclusion, sustainability, and community involvement.  From day one, you’ll be empowered and equipped to do the best work of your life. careers.walmart.com 

Minimum Qualifications...

Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.

Minimum Qualifications: Bachelor’s degree in Business, Sciences, Engineering, or related field and 3 years’ experience in real estate, retail development, tenant representation, or related field OR 5 years’ experience in real estate, retail development, tenant representation, or related field.

Preferred Qualifications...

Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.

Commodity Portfolio Management, Project Management, Real Estate, Responsible for third party vendor relationships

Doctorate: Law, Masters: Business Administration

Primary Location...

2101 SE SIMPLE SAVINGS DR, BENTONVILLE, AR 72712-4304, United States of America

About Sam's Club

Sam Walton opened the first Sam's Club in 1983 to meet a growing need among customers who wanted to buy merchandise in bulk. Since then, Sam's Club has grown rapidly, opening more than 600 clubs in the U.S. and 100 clubs internationally. By offering affordable, wholesale merchandise to members, Sam's Club helps make saving simple for families and small business owners.

Sam's Club employs about 110,000 associates in the U.S. The average club is 134,000 square feet and offers bulk groceries and general merchandise. Most clubs also have specialty services, such as a pharmacy, an optical department, a photo center, or a tire and battery center.

Sam’s Club is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
Walmart Modular Development associate.
"Something I enjoy about my job is knowing I can contribute to Realty’s ability to build, open and maintain our stores efficiently."
— Samantha, Project Manager

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All the benefits you need for you and your family

  • Multiple health plan options, including vision & dental plans for you & dependents
  • Free Membership and discounts in fresh produce
  • Financial benefits including 401(k), stock purchase plans, life insurance and more
  • Paid education assistance with college degrees through our Live Better U program
  • Parental Leave
  • Pay during military service
  • Paid time off - to include vacation, sick leave and parental leave
  • Short-term and long-term disability for when you can't work because of injury, illness, or childbirth

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 specific plan or program terms. For information about benefits and eligibility, see One.Walmart.com/Benefits.

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