Director, Office Transactions

Job Description

WHAT IS THE OPPORTUNITY?

• Lead the management and oversight of Corporate Real Estate’s (CRE) office transactions in partnership with RBC’s Global Transaction Partner.
• Assist Business Units (e.g. Wealth Management, Capital Markets, Global Asset Management), Regional Leads, and Integrated Program Director (IPD) teams to evaluate and execute real estate transactions that enable the business, control costs and mitigate risk.
• Assist Business Units by developing location parameters and strategy, space requirements, identifying suitable alternatives, recommending appropriate occupancy solutions and negotiating lease and ownership terms on their behalf.

WHAT WILL YOU DO?

• Working with Business Units, Regional Leads, and Integrated Program Director (IPD) to:
  • Provide subject matter expertise to business partners and CRE leaders as it relates to transaction management concerns, such as landlord issues, lease interpretation, forced relocations, early terminations, etc.
  • Develop and execute portfolio wide and/or individual site real estate strategies and transactions that support our core business, capital plans, and objectives (e.g. expansion, consolidation, renovations, optimization, and transformation projects).
  • Assist business with annual occupancy cost budgeting and variance analysis to ensure financial goals are met and risks are mitigated.
  • Assist and/or oversee where necessary, collecting client requirements, obtaining market data, reviewing market reports, approving regional real estate broker partners, assist in creating requests for proposals (RFP’s), review active offers in the form of letters of intent, renewal letters, leases, purchase and sale agreements, and other typical industry documentation, and assist in the preparation of approval packages for senior management.
  • Interact with internal and external Corporate Real Estate partners (e.g. finance, tax, legal, design, construction & project delivery, portfolio administration, facility management, operations, and leasing documentation).
  • Asset management of RBC’s owned portfolio and the coordination of the disposition of assets where appropriate (valuations, business cases, listings & negotiations).

• Working with Transaction Partner
  • Work with Transaction Partner to develop and evaluate portfolio, market, location and transaction strategies.
  • Establish clear expectations of the Transaction Partner and work closely with them on a large number of transactions annually, monitoring progress and ensuring they execute with a high level of proficiency and knowledge, adhere to standardized processes, ensure seamless communication, consistent follow up, reporting, and timely execution.
  • Foster innovation and agility in transactions, and work with Transaction Partner to refine and continuously improve existing transaction processes, controls and procedures.

• Process Management & Improvement
  • Review commission invoices and track payments.

• Review Transaction related documents as part of due diligence process.

WHAT DO YOU NEED TO SUCCEED?

• University degree or equivalent post-secondary education
• Minimum of 10 years of real estate experience or equivalent – a significant portion of which should demonstrate success in managing transactions and strategic planning
• Experience in office markets across the United States and Caribbean, preferably dealing with Financial institutions
• Significant knowledge and experience related to real estate operations and development
• Proven skills in real estate contract review and lease/purchase and sale negotiations
• Knowledge of real estate agreements and accounting concepts are imperative
• Demonstrated experience with developing and maintaining key retail landlord and client relationships

Nice-to-have: 

• Strong interpersonal and organizational skills with ability to manage multiple projects simultaneously.
• Advanced knowledge of financial terms and principles. Conducts advanced financial analysis.
• Ability to solve problems involving several options in situations/advanced analytical and quantitative skills.
• Demonstrated ability to think strategically about business and markets, and successfully execute initiatives.

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses a