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.
Senior Manager II, Portfolio Management
- Location BENTONVILLE, AR
- Career Area Real Estate, Construction and Store Planning
- Job Function Real Estate, Construction and Store Planning
- Employment Type Regular/Permanent
- Position Type Salary
- Requisition WD462609
What you'll do at
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 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 ; 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; providing recommendations on business decisions based on data ; and supporting recommendation development on non-complex sales and site selection projects for leadership. Oversees 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 lease 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 terms of contracts ; presenting to key internal stakeholder committees to gain approval ; and researching lease terms and business opportunities to effectively negotiate and establish the new terms of lease agreements. Develops strategies for maximizing value of Walmart real estate assets by providing recommendations to officer-level committees regarding the financial benefit of purchasing leased properties for on-site relocation or expansion projects; collaborating with cross-functional 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 team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; 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.
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 Real Estate, or related field and 4 years’ experience in real estate, retail development, tenant representation, or related area OR 6 years’ experience in real estate, retail development, tenant representation, or related area.
Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.Project and portfolio management, Property Management, SupervisoryJ.D., Masters: Business Administration
About Sam's Club
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, ideas and opinions – while being inclusive of all people.
"You have to think of how to save the company money, save the store money, save the customer money—and one impacts the others."
Hello, NW Arkansas
With over 200 miles of trails, an emerging locally-sourced food scene, the world-renowned Crystal Bridges Museum—NWA has something for everyone.Discover NW Arkansas
Crystal Bridges Museum
Celebrate the American spirit in a setting that unites the beauty of art and the power of nature.
Walton Arts Center
Arkansas' premiere center for visual arts and entertainment.
An interactive children's museum that's fun for the whole family.
42 acres of premiere public garden space.
Devil's Den State Park
Located on 2,500 acres, Devil's Den State Park is the perfect place to explore Arkansas' natural beauty.
- come together
The best of shopping and restaurants, right in the heart of Fayetteville.
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
- Education Assistance from Live Better U - earn your degree for just $1 a day
- 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