Managing Director
Posted today
newmarkMillbrae (CA)
General and Operations ManagersAdministrative Management and General Management Consulting Services
SENIORITY
Manager
About the role
The Managing Director services current and new accounts by coordinating and monitoring various transaction activities and will work with internal departments to manage purchase, sales and lease transactions. The Managing Director will also serve as the in-house point-of-contact for clients, brokers, and others to collect or to provide information on all account transactions.Essential Job Duties:Coordinate with Account Manager to align transactions with the client’s real estate objectivesCollaborate with assigned business units/regions to understand and support operational requirements and expansion or contraction of the businessImplement the transaction process to complete seamless transactions on behalf of the client and in accordance with client’s processes and proceduresSource and manage third party brokers/service providers where requiredAct as the liaison between the landlord, local broker, Account Manager and Business Unit/Regional Real Estate DirectorAssist the Account Manager in the execution of Corporate Real Estate (CRE) portfolio strategy through lease renewals, new leases, sub-leases, lease terminations and land & building purchase and salesPrepare, review, analyze, and interpret financial analysis templates including book and cash flow projections, NPV (net present value), and/or IRR (internal rate of return) to determine the financial impact and economic value of multiple transaction scenariosCoordinate and execute all steps surrounding transactions including the completion of project initiation sheets, market surveys, client tours, RFPs, counterproposals, LOI, broker's opinions of value and test fits to lease execution and project closeoutMaintain all transaction and forms files. Prepare reports and makes presentations to relevant parties. Prepare follow up letter to brokers and clients as requiredMonitor and maintain a real estate project tracking system to ensure timely transaction completionNegotiates leases and lease amendments. Monitors lease expirations. Negotiates lease renewals within prescribed timelineServe as liaison with clients relative to administrative matters, including obtaining executed lease copies, scheduling meetings, and being available to respond to inquiries or receive new assignment requestsReview commission calculations with brokers, prepare deal sheets summarizing terms of transaction, and track commission payments and annual commission income reportsPrepare project close-out files for all completed transactions, including all transaction documents, list of project contacts, lease abstract, executed lease/agreement, and activity logTrack project travel expensesMay perform other duties as assignedSkills, Education and Experience:Bachelor’s degree in business or real estateReal estate sales associate license requiredExcellent oral and written communications skillsStrong knowledge of Microsoft Office including proficiency in Excel, PowerPoint, Outlook etc.High degree of professional customer service to both internal and external parties
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