Sr. Manager, Real Estate Development

Job Description

Job Description

Summary

The Real Estate Manager is accountable for all aspects of physical growth, portfolio optimization, and occupancy cost management in the manager's assigned geographic territory. The Manager will develop strategies in conjunction with the company's long-term growth plan through collaboration with Store Operations, Transportation, Store Planning and Design, Construction, Lease Administration, Asset Management, Real Estate Research, and Legal to optimize the store deployment for Advance Auto Parts and CarQuest. The Manager will work with property owners, developers, brokers, municipalities, and all internal teams to implement the strategies in the assigned markets.

All team members are accountable for demonstrating all leadership competencies. Our Leadership competencies are linked to our Cultural Beliefs umbrella, and provide a common framework for how we think and talk about leadership across the enterprise.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Builds professional relationships and works collaboratively across functions to share knowledge and deliver results; actively solicits feedback and participates in initiatives
• Understands how to make the business better through the improvement of work processes and instills best practice methods
• Provides input to senior leaders regarding actions to mitigate risks
• Assesses opportunities for team and workes to promote a sales culture
• Encourages others to take calculated risks and to apply lessons learned from prior experiences involving taking risks
• Recognizes the importance of leveraging existing relationships to generate new business
• Shows a passion for work and the energy to perform at a high level
• Invests a great deal of time and energy in making the team succeed
• Delivers presentations that command attention, hold interest, communicate respect, and demonstrate confidence and poise
• Ability to effectively present information and respond to questions across all levels of the organization
• Reviews performance against goals to evaluate results
• Recognizes effort, hard work, and results (e.g., celebrates successes)
• Provides support and guidance in building teams of high-caliber people with diverse capabilities and styles
• Manages succession plans for the organization through addressing gaps and developing the talent pipeline

Qualifications

• Strong and consistent attention to detail and accuracy
• Mathematical ability to calculate figures and amounts such as square footage, interest, commissions, development cap rates, and percentages
• Ability to multi-task on different projects in different stages in order to meet development goals
• Develop and implement strategies to improve store positioning at an optimal occupancy cost; implementation will include preparation and presentation of Real Estate Committee packages for approval
• Ability to negotiate Letter of Intent and Lease Agreements and their ancillary documents
• Ability to form the relationships necessary with both internal and external business partners to successfully implement the long-term plan for each market; retaining/training/managing a network of preferred brokers and developers that will assist in achieving defined goals

Preferred Experience

• Advanced use and understanding of Microsoft Word, Excel, PowerPoint, and Adobe Acrobat, including ability to create and maintain reports and presentations.
• Real Estate Finance
• CCIM (Certified Commercial Investment Member) Designation
• Real Estate Agent or Broker License (not required)
• Understanding of P & L
• Strategic thinking and problem solving skills
• Cross-functional development with Portfolio Management, and Operations Teams

#LI-EM1

Applicants must be legally authorized to work in the United States for ANY employer. This position is ineligible for employment visa sponsorship. This includes initial or change of employer filings of any kind, including but not limited to H-1B, TN, or E-3.

Location & Work Availability:

This position is a remote role. Preferred location in the Northeast region of the US due to travel requirements. 60-705 travel.

Benefits Summary:

We believe in supporting our Team Members and those they love through comprehensive health & wellness benefits. Learn more here: https://jobs.advanceautoparts.com/us/en/benefits

Company Overview:

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. Advance operates 4,500+ stores and distribution centers in the United States, Puerto Rico, and the U.S. Virgin Islands. The Company also serves independently owned CarQuest branded stores across these locations in addition to Mexico and various Caribbean Islands. When you join our team, you become one of 60,000 knowledgeable and experienced Team Members who are committed to providing outstanding customer service to our customers, communities, and each other every day.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state, or local protected class.

California Residents click below for Privacy Notice:

https://jobs.advanceautoparts.com/us/en/disclosures