Director, Real Estate Services

About this role

BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares ETFs.

Business Unit Overview:

The Enterprise Services team oversees the firms' efforts around Safety, Security, Resilience, Real Estate, Travel and Executive Technology Support.

The Workplace Planning team manages the global portfolio for all locations utilized by BlackRock. This includes offices, data centers and business continuity sites in 31 countries. Included in the function are real estate strategic planning, transaction management, lease administration and design and construction.

Job Purpose/Background:

Main focus is real estate planning, transaction management and lease administration for the EMEA and APAC regions from project inception through lease negotiation and execution. Position reports directly into the Global Director of Workplace Planning. Role involves interaction with key stakeholders, business leaders, management of outside vendors, partnership with groups within ES, as well as technology, finance, human resources, source and vendor management and risk, to name a few.

Key Responsibilities:

1. Partner closely with ES colleagues and business partner clients in the acquisition and disposition of facilities, coordinating activities with the appropriate management and staff functions within various groups / locations
2. Engage real estate agents/brokers as necessary
3. Negotiate either through brokerage partners or directly with landlords to achieve market leading commercial terms
4. Preparation of cash and P&L financial analysis to evaluate options and obtain approvals
5. Effectively negotiate all lease terms for new leases, amendments, extensions and terminations as needed
6. Work with in-house and outside legal counsel, as needed in preparing all required documentation relating to any transaction
7. Coordinate lease reviews with different internal stakeholder groups, ensuring open communication and responsiveness from team members
8. Ensure proper documentation is in place for all transactions
9. Ensure proper project close out, including the updating of the lease database and notification of all relevant internal stakeholders
10. Track current lease contracts and manage process for critical date actions and utilization analyses
11. Manage the outsourced lease administration team to ensure the efficient payment of rent and operating costs for all Americas locations
12. Prepare monthly transaction and portfolio reports for the Americas region

Development Value:

The chosen candidate will have a leadership role in managing the portfolio. The position includes partnership with various business units throughout the firm on projects including agreement on final recommendations up through executive approval. The ideal candidate will embrace an entrepreneurial environment with the willingness to take ownership of projects.

Knowledge/Experience:

1. Minimum 5-10 years' experience managing corporate real estate transactions
2. Demonstrate ability to successfully manage multiple real estate related projects throughout the regions with delivery of timely and quality results
3. Ability to negotiate effectively on lease transactions for both cost benefit and tenant favorable legal terms
4. Background in managing vendors and negotiating contracts with established relationships in the regions
5. Strong ability to understand, interpret and abstract lease language
6. Keen understanding of CAM, Operating Expenses, Service Charges, Real Estate Tax Escalation, VAT
7. Proven track record of successful real estate transactions with high customer satisfaction

Skills/Qualifications:

1. Strong financial/analytical background with proficiency in Microsoft office applications with emphasis on Excel and PowerPoint
2. Ability to prepare high level presentations and transaction summaries for senior executives

Competencies:

1. Ability to multi-task in a collaborative, fast paced environment
2. Excellent verbal and written communication skills and interpersonal skills
3. Excellent organizational, project management, and people skills with the ability to openly convey information to team members in a timely, concise manner
4. Self-starter with the ability to work independently to complete projects with remote oversight
5. Ability to effectively interact with all levels of the organization and management

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

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BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.