The Real Estate Mgmt Group Manager is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Excellent commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.
Responsibilities:
- The Real Estate Mgmt Group Manager supports the acquisition, disposition and restructuring of all Citi Corporate Real Estate interests globally.
- Key member of the region's Real Estate Transaction team.
- Responsible for non-retail, sophisticated transactions.
- "Go-To" person for capital market transactions and analyses of complicated real estate documentation.
- Assists in the development and implementation of strategic real estate plans in region. Leads the region's transaction team (including the two SVP - Retail Heads) in dispositions of surplus real estate .
- Key negotiator for complicated real estate transactions (of every asset class, nationally).
- Responsible to coordinate operational activities between/among the 3 Transactional Verticals (Retail East, Retail West, Campus& Other).
- Partners with regional Transactions Head on city-strategy locations and strategic planning.
- Coordinates closely with Global Transaction Initiatives colleague to insure the implementation of global strategies within region.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications: - 10+ years relevant experience
- Applicable experience working in real estate Ability to understand complex real estate transactions including capital markets transactions such as sale leasebacks, dispositions of real estate, expansions, site searches, "Blend and Extends" and other structures in order to align the real estate to the business and to execute on the overall real estate strategy. Must have in - depth knowledege of real estate transaction process and negotiations, fee structures and best practices in real estate transactions. Must be able to "step through"complicated agreements and structures to minimize expenses and maximize return on investment. Prior knowledge of the regulatory, compliance, financial metrics and culture of a financial services institution as they effect real estate transactions/models/planning Excellent communication skills. Excellent negotiations skills. Excellent business acumen. Demonstrated leadership and client relations skills
Education: - Bachelors degree, potentially Masters degree
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group: Corporate Services
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Job Family: Real Estate Management
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Time Type: Full time
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Primary Location: New York New York United States
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Primary Location Full Time Salary Range: $163,600.00 - $245,400.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date: Apr 09, 2024
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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