We are currently seeking a Corporate Real Estate Strategy Director that provides overall leadership, planning and execution of corporate real estate operations and projects to ensure the adequacy of efficient, cost-effective physical space to accommodate the business needs of team members and clients. Activities include facilities management, real estate portfolio management, acquisition and disposition of bank space, implementation of workplace standards, lease administration, management of design and construction services, portfolio benchmarking and monitoring real estate process guidelines and tools. This role requires a strong focus on financial management, operational excellence, highly developed communication skills, and the ability to foster collaboration across multiple teams and stakeholders. *Relocation to Evansville, IN is preferred*
Key Accountabilities
- Oversee strategic space planning, facilities project design, engineering, and construction management activities.
- Recommend the strategic development of area market plans to address opportunities and gaps for acquisition and disposition of space, including lease renewal, reconfiguration, renegotiation, and relocation across the portfolio leading to optimization.
- Lead supply-demand analytics informing portfolio and transaction strategy, capacity planning, forecasting business needs, scenario development, financial analysis and workforce considerations for key real estate initiatives.
- Proactively manage the firm’s real estate portfolio including benchmarking space usage against firm guidelines and industry best practices, recommending tactics to redeploy underutilized assets and taking advantage of unique market conditions.
- Key communicator and liaison with executive management and business unit leaders (internal clients) about real estate management; establishes monthly and quarterly reviews of area real estate portfolio and associated initiatives, projects, etc.
- Coordinate the intake, concept vetting, and approval process while maintaining compliance requirements for real estate initiatives.
- Manage the responsibility for the design, construction and move process with vendors and partners.
- Negotiate and coordinate transactions and review of leases; recommend tactics for acquisition and disposition, including subleasing, renegotiating lease terms, early terminations, lease assignments or landlord recaptures.
- Recommend and implement the right workplace model; teams with design firms, and other enterprise support services (HR, IT, Procurement, Finance & Project Management Office) to develop efficient space plans and maximize space utilization.
- Manage and maintain design guidelines; perform post occupancy evaluations and lead post occupancy project reviews, incorporate learnings into future projects.
- Manage multiple areas' occupancy costs by negotiating competitive lease agreements and managing project costs and capital expenditures; recommend capital expenditure budgets and project costs.
- Maintain project timeliness, proactively monitor lease requirements, expiration dates and timely completion of all projects; responsible for ensuring that staff and outside vendors perform tasks in timely fashion.
- Establish and maintain relationships with key service providers; on-going management of these relationships including brokers, attorneys, architects, project managers, contractors, furniture and material providers, IT/ AV consultants and others in compliance with firm's procurement policies. Focus on establishing 3rd party oversight and management metrics (KPI’s, SLA’s, PG’s, etc.) especially with strategic partners providing Facilities Management and Construction services.
- Assist in bank acquisition due-diligence as relative to real estate, and other areas as directed.
- Frequent travel visiting locations, new construction sites, and potential acquisition sites.
- Lead strategic infrastructure plans and operations with 5-year time horizon.
Key Competencies for Position
People Leadership and Relationship Management:
- Coach & Empower Others- Provide timely feedback, offer guidance to encourage and support associates to accomplish tasks, solve problems, and enhance their professional development.
- Gaining Agreement- Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modify one's own behavior to accommodate tasks, situations and individuals involved.
- Build relationships with partners, superiors and internal clients leveraging collaboration, communication and consultation to aid successful completion of key strategic objectives.
- Conduct activities with a proactive/forward thinking approach.
- Exhibit a willingness to aid direct reports and others with tactical efforts when necessary to accomplish objectives.
Culture Leadership:
- Communication – Shares relevant information with identified stakeholders, selects and tailor to appropriate delivery methods to suit the situation and audience.
- Embrace company culture and foster a welcoming, collaborative and friendly environment leading to individual and company success.
Execution Leadership:
- Drive and Execution- Committed to achieving established goals, creatively overcoming obstacles, and continuously learning to improve performance.
- Problem Solving/ Decision Making- advanced skills in defining issues, identifying and analyzing relevant information and variables, proposing solutions to meet all stakeholder objectives.
Qualifications and Education Requirements
- Bachelor’s degree in business or appropriate field required; Finance or Legal Degree preferred; prior banking experience preferred.
- 10+ years of real estate management experience with 5 years’ experience managing a cross functional team.
- Real estate valuation skills needed to assess opportunities and evaluate third party proposals.
- Ability to develop and maintain local real estate market knowledge to recognize opportunities for optimization of real estate and assess recommendations and valuations prepared by third parties for bank.
- Familiarization with accounting regulations regarding real estate, fixed assets and equipment to assess rent versus own alternatives.
- Experience managing outsourced service providers.
- Demonstrated written communication and presentation skills.
- Ability to work effectively with all levels of team members and across organizational lines to meet objectives.
- Maintain strong real estate network resources in the areas of brokerage, appraisal, development, and investment.
- Strong focus on details and deadlines, concentration on follow-up and follow-through.
- Collaborative leadership skills, exceptional business and finance acumen, and well-developed interpersonal skills required to build a successful and cohesive team.
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank. Join our team!
