Manages the property management operating portfolio by developing recommendations on improving site appearances and increasing sales growth potential; communicating recommendations to leadership; negotiating subleases, terminations, and purchase options; analyzing use restrictions and approving store uses to contribute to income generation for properties; conducting site visits; participating in contract negotiations with prospective business partners and third parties; managing third-parties and addressing issues ; and securing approvals for property management recommendations. Manages projects for real estate transactions and deal initiations for assigned geographic area by analyzing data ; identifying site selection and asset sale options appropriate for non-complex markets ; conducting site selection and asset sale analysis; evaluating the financial impact of projects; providing recommendations on business decisions based on data ; and supporting recommendation development on non-complex sales and site selection projects for leadership. Oversees Realty project management by approving warehouse leases; ensuring compliance with local laws ; ensuring adherence to mitigation strategies; developing budgets and communicating capital expense to senior leadership; forecasting and advising on gaps and opportunities on capital expenditure and legal expenses; and overseeing department reports for capital expenditures, legal expenses, property management, and lease management. Negotiates lease agreements by performing research on assigned portfolios, current market trends, and pertinent financial metrics ; negotiating rent reduction packages; negotiating with landlords to outline terms of contracts ; presenting to key internal stakeholder committees to gain approval ; and researching lease terms and business opportunities to effectively negotiate and establish the new terms of lease agreements. Develops strategies for maximizing value of Walmart real estate assets by providing recommendations to officer-level committees regarding the financial benefit of purchasing leased properties for on-site relocation or expansion projects; collaborating with cross-functional teams ; informing and promoting real estate interests to corporate executives, local government entities, community groups, and businesses; generating revenue for the company through real estate negotiations and partnerships with third parties; facilitating Realty Committee meetings; overseeing documentation of and reviewing capital expenditure decisions; managing and resolving lease expiration and zoning issues; developing and implementing processes for approval of projects with internal business partners ; and analyzing real estate documents to ensure projects are within parameters. Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning. Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness. Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy. Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost effectiveness; and participating in and supporting community outreach events.
You’ll really wow us if… - You have proven success with strategy for lease agreements; and property management, expansion and relocation. This job is ultimately about setting Walmart up for a strong future. - Your attention to detail leaves no stone unturned. Along with focusing on the finer points, you also have the ability to step back and analyze the big picture. - You’re a passionate collaborator that’s quick to reach out to internal and external partners to build relationships. - Your presentation skills leave audiences not just attentive but compelled and persuaded.
You’ll make an impact by… - Understanding the unique aspects and demographics of each store community, and will spend the time doing the necessary research. - Managing your time wisely. This role requires multi-tasking and taking a lot of independent initiative with fixed deadlines. - Using sound judgement. Your decisions are objective and responsible, and are made by leaning into financial and business analyses to evaluate returns, risks, trends and patterns.
Internal Number: R-462609
About Sam's Club
What started small, with a single discount store and the simple idea of selling more for less, has grown over the last 50 years into the largest retailer in the world. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. It’s all part of our unwavering commitment to creating opportunities and bringing value to customers and communities around the world.