Associate, Real Estate Management

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 Real Estate Portfolio Management 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 and lease administration.

Job Purpose/Background

The successful candidate will be primarily responsible for oversight of the lease administration function, financial analysis modelling, management of the team’s data analysis and reporting, facilitation of sublease payments and administrative support for the RE team The ideal candidate would be able to function in the fast-paced environment of a premier global financial services firm. This individual must be extremely organized, detail-oriented, and highly focused with a proactive mind-set. Additionally, this person must be team-oriented, resourceful and able to manage and prioritize multiple tasks, completing them in a timely and efficient manner.

 

 

Key Responsibilities

►      Management of rent payment process: tracking submission of rent variance files from the lease administration team, seeking approvals and then tracking payments to landlords

►      Ensure all invoices and approvals are saved to the appropriate databases

►      Coordinate with finance and AP colleagues to assist the lease administration team to reconcile any payment issues and proactively liaise with lease admin to resolve any invoicing issues

►      Serve as the primary liaison with the finance team for payment queries

►      Managing the outsourced lease administration team including submitting all lease documents to the team; monitoring the lease abstraction process; verifying the key points of the lease abstracts (or ensuring that the regional lead has verified) and then distributing key lease information to stakeholders and updating all relevant databases

►      Timely and accurately prepare and/or assist with monthly, quarterly, annual and ad hoc reports

►      Tracking all Tenant Improvement Allowances globally and assisting the Design and Construction team with seeking reimbursement

►      Support the RE team on all transactional activity

►      Provide necessary research for pending projects, including desk top studies and contact with local brokers as necessary

►      Assist with or lead (depending on complexity) the preparation of the financial analysis for all lease acquisitions and dispositions

►      Assist with the preparation of the business case/deck for approval

►      Setting up and closing bank guarantees and/or security deposits for new and retired locations

►      Provide ongoing assistance and administrative support to the RE Team (in particular with regard to data operations)

 

 

Development Value

►      The chosen candidate will be a key player in a small team with the opportunity to work with and learn from highly experienced real estate leaders

 

 

Knowledge/Experience

►      Knowledge of commercial real estate documents and the leasing process

►      Experience with lease database software is preferred

►      High customer service orientation with demonstrated ability to build and maintain strong working relationships

►      Provide a high level of attention to detail for reliable accuracy

►      Must consistently demonstrate excellent communication (both verbal and written), organizational, and analytical skills

►      Knowledge and understanding of the basic accounting and finance principles and familiarity with their applications flow and impact with respect to real estate analysis

►      Proficiency in PC based software, especially MS Excel, Word, and PowerPoint; Must have the ability to accurately develop various types of logical reports

►      Exceptional interpersonal skills, positive attitude, friendly, helpful and responsive

 

 

Skills/Qualifications

 

►      Bachelor's degree in business or related field, or equivalent experience

►      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

►      Proficiency in PC based software, especially MS Excel, Word, and PowerPoint; Must have the ability to accurately develop various types of logical reports

 

 

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

For Atlanta, GA Only the salary range for this position is USD$80,000.00 - USD$105,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.