Director, Leasing, Transactions, & CRE Operational Risk

Director, Leasing, Transactions, & CRE Operational Risk page is loaded Director, Leasing, Transactions, & CRE Operational Risk Apply locations Toronto, Ontario Montreal, Quebec Waterloo, Ontario Wellesley Hills, Massachusetts time type Full time posted on Posted 3 Days Ago job requisition id JR00095738 You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world. Job Description:Role SummaryResponsibility for the leadership & oversight in the development of strategy and managing the leasing process and execution of all transactions for Sun Life occupied leased properties across North America consisting of ~3.4M square feet 190+ leases. In addition, responsible for the management of the real estate due diligence for all new transactions and acquisitions that Sun Life pursues in North America.What will you do?Strategy—Participate in the strategic review process for all NA based leasing and responsible, with strategy team, for the creation of new leasing strategies including moves, renewals, consolidations, terminations and expansions across the portfolio. Shared responsibility for business case preparation, oversight and completion of the approval process. Responsible for the financial analysis of strategic options and contemporaneous approval with US and Canadian Finance. Participate in the implementation of leasing strategies, leasing and site selection as it relates to the Sun Life Financial Centers (FCs).People Management—Provide overall leadership and management to a leasing team including a manager of lease transaction and a real estate leasing clerk. Provide strategic direction, management and assist in developing professional development plans for each individual.CRE Management Team—Participate in leadership and management team activities with five other Directors and reporting to the AVP of Corporate Real Estate. Tasks include strategic planning, overall team management, goal setting, professional development, risk assessment, financial review, and collaboration with peers.Financial Oversight—Responsible for all budgeting and oversight/management of lease expense in the team aligned to overall departmental team budget. Participate in the creation of annual rent expense budgets for team and individual facilities and manage and report on results monthly, quarterly and ad hoc or as requested. Participate in 5 and 10 year capital planning for leases that reflects the needs of the portfolio. Work with Canada and US Finance to assess and manage leasing expense in the overall portfolio.Reporting-Responsible for the reporting on lease status to AVP and senior leadership on a monthly and quarterly basis; creation of ad hoc performance analysis, powerpoint presentations, excel spreadsheets and other financial and data driven analyses as needed.North American Insurance - Responsible for tracking changes in portfolio square footage and major leasehold improvements within North American Sun Life portfolio, including DentaQuest office and Advantage Dental+ clinics. Support the tracking of Professional Corporation insurance for DQ State entities.CRE Risk -Responsible for working with CRE leadership to gather and assemble reporting on CRE's risk's & compliance withing Sun Life's overall Operational Risk framework.Specific ResponsibilitiesTransactions LeadershipProvide leadership and focused execution of all lease transactions across North America. This includes aligning with the business unit on site selection that best meets their criteria, lease negotiation, obtaining necessary approvals, review and approval of legal paperwork, managing the hand off to projects, operations and admin for space build out and set up. Manage the lease expiries and leverage critical dates and lease rights of the North American leased office portfolio, actioning when required (ie noting renewal notice dates, early lease termination dates etc).Manage the lease expiries and critical dates for the Financial Center ( FC) portfolio along with business partners on the FC side; 50% + of workloadWork with the legal department on all documentation, lease review, subleases, surrenders, estoppel certificates, finalizing paperwork for execution. Responsible for obtaining business unit and executive approval of transactions. Currently Ariba is used for deal approvals. Ensure Ariba platform provides for all legal documents to be loaded into our SLF Contract Management SystemManage the external relationship with our North American service provider Cushman and Wakefield including direction on all lease negotiations.Strategy, Insights & ReportingWith support of transactions team & partnership with workplace strategy:Develop and implement the leasing strategy for the Sun Life (SL) North American leasing portfolio.Develop and implement portfolio leasing strategies in both Canada and the US including lease consolidations, terminations, additions, and subleases.Prepare PPT decks for deal presentation and Excel analysis for NPV and NER calculations. Sponsor and support lease transactions at major sites in both Canada and the US.Manage the business case process for office renewals/relocations, working with the business unit to achieve their objectives regarding timing and office location, cost etc. (meet criteria established).Provide ad hoc real estate support and market intelligence to all members of CRE and SL Business Partners as required.Lead communication and dispute resolution for all landlord interactions on lease interpretation issues. Be the point of escalation with LLs.Provide strategic portfolio planning, due diligence and spreadsheet analysis for all new Merger and Acquisition activity.Lead Integration of leasing operations as part of acquisitions into the overall Sun Life real estate leasing model.With support of CRE leadership, assemble operational risk reporting for all CRE operations as required by Sun Life's risk framework.What do you need to succeed?Work Experience8 - 10 years of experience or an equivalent combination of education and experience in a corporate real estate leasing/transaction, finance or investment area.Relevant management and team leadership experience of leasing group of 2-3 individual staff members.Passion for real estate transactions, curiosity, drive, mindset of being independent and self starting requiredCompetenciesFluent understanding of the institutional level, corporate real estate leasing functionAbility to lead and manage a team of leasing professionalsAbility to communicate at a high level to senior executives in the organization on strategic goals and direction of the portfolio and underlying projectsThorough understanding of leases and lease documentation, the transaction process, business units, SLF space standardsStrong communication skills, both written and oral, and the ability to present complex deal terms to the business units and executive teams effectivelyStrong working knowledge of financial aspects of real estate leasing; strength in NPV analysis and net effective rent conceptsSolid understanding of accounting implications in leasing including writeoffs, depreciation effects and IFRS conceptsStrong working knowledge of Excel, Powerpoint and Word for analysis and presentation work product.Strong knowledge of systems and software related to corporate real estate functions and other related fields (Costar, Ariba, Teams) As this position is posted in several locations, we specify that bilingualism (French, English, both oral and written) is required for Quebec only for the frequent interactions with English and French-speaking colleagues or internal partners across Canada or worldwide. EducationBachelor's Degree in a related field.Masters of Corporate Real Estate (MCR), PMP, MBA all an asset but not required The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.  Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com .At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.Salary Range:105,000/105 000 - 175,000/175 000Job Category:FacilitiesPosting End Date:20/05/2024 Similar Jobs (5) Manager, Operational Risk locations 2 Locations time type Full time posted on Posted 7 Days Ago Manager, Operational Risk locations 2 Locations time type Full time posted on Posted 6 Days Ago Director, Regulatory and Subsidiary Reporting locations 2 Locations time type Full time posted on Posted 6 Days Ago At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you - and your career - can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed.We're a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant There's power in numbers. As part of Sun Life's growing team, you have an impact on people in your community and around the world.Shape the futureWith an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we're driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter.

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