BlackRock Corporate Services Real Estate Services Manager

  • Competitive
  • San Francisco, CA, USA
  • Permanent, Full time
  • BlackRock
  • 01 Oct 16

BlackRock Corporate Services Real Estate Services Manager

The Corporate Services Group (CSG) operates a centralized global management structure focused on the key corporate functions with regional management responsible for the delivery of services to offices and employees. These functions include: Business Services, Global Travel, Corporate Resilience, Safety & Security (CRSS), Corporate Real Estate Services (CRES), and Facilities Management
The Corporate Real Estate Services division (CRES) integrates the Real Estate, Design & Construction, Critical Engineering and Data Center Operations to facilitate service delivery for the firm.

The Real Estate team manages the global portfolio for all locations utilized by BlackRock. This includes offices, data centers and business continuity sites in 32 countries. Included in the function are real estate strategic planning and transaction management / coordination.

Main focus is in real estate financial analysis, budgets and reporting for the global portfolio from project inception through lease negotiation and execution. Position reports directly into the Global Director of Real Estate. Role involves interaction with external vendor and partnership with groups within Corporate Services, as well as finance, human resources, source and vendor management and risk, to name a few. Role could also incorporate management of lease negotiations and providing detailed review and abstraction of real estate documents.

Key Responsibilities:

  • Manage serviced office portfolio including client presentation on a global basis
  • Transaction due diligence to include review and analyze of lease documents and third party reports to create client presentation
  • Creation of detailed real estate budgets
  • Prepare complicated financial modeling in accordance with accounting GAAP standards on cash and P&L basis
  • Interact and Interface with clients
  • Manage and maintain Global Portfolio including detailed reporting, audit and lease administration management
  • Review and complete lease Estoppels and SNDA's
  • Track and report on departmental cost savings
  • Coordinate information regarding market data, occupancy data, expense analysis, aerials, maps and rent comparables
  • Organize and present data analysis, draw objective conclusions and make recommendations
  • Work with transaction managers to coordinate lease activity from project initiation through the final execution of all legal documents working with different internal and external groups, ensuring open communication and responsiveness from team members
  • Ensure proper documentation for all transactions is in place
  • Track current lease contracts and manage process for critical date actions and utilization analyses
  • Resolve landlord and tenant disputes
  • Investigate budget over runs and create variance reports when necessary


Development Value:

The chosen candidate will have a tactical role in managing the global 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:

  • Minimum 5 years' experience in corporate real estate with a strong background in financial analysis
  • Demonstrate ability to successfully manage multiple real estate related projects with delivery of timely and quality results
  • Background in managing vendors and negotiating contracts with established relationships in the regions
  • Strong ability to understand, interpret and abstract lease language
  • Keen understanding of CAM, Operating Expenses, Service Charges, Real Estate Tax Escalation, VAT

Skills/Qualifications:
  • Strong financial/analytical background with proficiency in Microsoft office applications with emphasis on Excel and PowerPoint
  • Ability to prepare high level presentations and transaction summaries for senior executives
Competencies:
  • Ability to multi-task in a collaborative, fast paced environment
  • Excellent verbal and written communication skills and interpersonal skills
  • Excellent organizational, project management, and people skills with the ability to openly convey information to team members in a timely, concise manner
  • Self-starter with the ability to work independently to complete projects with remote oversight
  • Ability to effectively interact with all levels of the organization and management


BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, disability, veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of Article 49 of the San Francisco Police Code.