Director - Corporate Real Estate

Boston, MA, United States

At Franklin Templeton, we're driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that's both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients' achievements.

Come join us in delivering better outcomes for our clients around the world!

What is the Corporate Real Estate group responsible for? The Corporate Real Estate department is responsible for managing the global real estate portfolio for Franklin Templeton and its affiliated companies to ensure that our owned and leased offices are inviting and engaging to our over nine thousand Franklin Templeton (FT) employees across the globe. The department provides strategic planning and transaction management, oversees lease administration and manages leasing and brokerage activities for our global real estate portfolio . We build strong internal and external relationships essential to supporting the success of our operations.

What is the Director of Corporate Real Estate responsible for? The Director of Corporate Real Estate will play a crucial role in managing and optimizing the performance of our real estate portfolio. We are seeking a skilled professional with a strong understanding of real estate development, acquisition and investments, excellent analytical abilities, and a proven track record of success. The Director of Corporate Real Estate provides strategic leadership with respect to strategic property reviews, real estate consolidations, corporate real estate transactions and long-term strategic planning. The Director will partner with our Planning and Design team in determining, location, office space utilization, space standards and space allocation as it relates to supporting our global operations.

What are the ongoing responsibilities of the Director of Corporate Real Estate? Assist business units with management of our real estate portfolios and development of real estate strategies aligned with individual business goals and objectives.

Management of site selection, including acquisitions and dispositions.

Identify and implement opportunities to consolidate, co-locate, utilize vacant or underutilized space and to take advantage of market trends which benefit the corporation (with a focus on reduction in overall occupancy costs).

Utilizing existing resources, identify project service providers (i.e. brokerage services) and evaluate consultant proposals. Negotiate and administer consultant contracts to ensure quality performance within budget constraints.

Prepare and negotiate RFPs, term sheets, leases, work letters, and other real estate agreements.

Effectively manage high volume concurrent assignments with different product types in select US markets.

Oversite of our lease administration team and other related duties as assigned by management such as monthly reports, strategic property reviews, lease abstracts, finance and cost savings reports.

Drive deal flow by directly identifying new capital deployment opportunities.

Lead development projects from start to finish including budgeting, contractor management, and capital invoices.

Lead the development and administration of an operating budget and capital improvement budget for each property including forecasting of income and expenses to ensure adequate cash flow and reserves.

Manage expenses and operate within the parameters of budgets and reporting/explaining variances accordingly.

Select and manage contractors and vendors to ensure timely and cost-effective property maintenance and improvement projects.

Collaborate with finance and accounting teams to ensure accurate reporting and financial performance tracking, daily financial management of the property accounts receivable, accounts payable, and all necessary financial records.

Evaluate the performance of assets against key performance indicators (KPIs) and implement strategies to improve overall returns.

Stay informed about industry regulations, market dynamics, and emerging trends to adapt strategies accordingly.

What ideal qualifications, skills & experience would help someone to be successful? Undergraduate degree and/or advanced degree in related discipline (business, real estate, or law) or equivalent experience.

Strong understanding of real estate-based financial models, underwriting, valuations and discounted cash flows.

7+ years of work experience including 5+ years of corporate/commercial real estate experience negotiating commercial leases.

Prior experience in asset management, or oversite of commercial office assets preferred.

Thorough understanding of all legal and financial aspects of Corporate Real Estate transactions.

Thorough knowledge of the principles, practices and techniques involved in the transfer of real estate property.

Thorough knowledge of the effects of mortgages, dedications, liens and other encumbrances and actions affecting real estate titles. Knowledge of the laws relating to land title work and real estate transactions.

Knowledge of the acquisition, selling and leasing process for real properties.

Ability to plan, assign, and supervise the work of a technical staff engaged in carrying out various functions involved in a real estate program.

Ability to negotiate and carry to completion the real estate transactions involved in meeting the real property needs of agencies involved.

Strong written and oral communications.

Advanced computer skills (analytical, report writing, Microsoft Word, Excel, OneNote, and PowerPoint) necessary.

Available to travel approximately 20% of the time, mostly on east coast, and may include some international locations.

Franklin Templeton offers employees a competitive and valuable range of total rewards-monetary and non-monetary-designed to support the whole person and to recognize their time, talents, and results. Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation.We expect the salary for this position to range between $155,700.00 - $202,00.00.

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Experience our welcoming culture and reach your professional and personal potential! Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there's a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

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By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life's adventures, taking care of your family members, or making a positive impact in your community, we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton.

Highlights of our benefits include:

Three weeks paid time off the first year

Medical, dental and vision insurance

401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits

Employee Stock Investment Program

Tuition Assistance Program

Purchase of company funds with no sales charge

Onsite fitness center and recreation center*

Onsite cafeteria*

*Only applicable at certain locations

Learn more about the wide range of benefits we offer at Franklin Templeton

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for or apply for one of our positions, please send an email to [email protected] . In your email, please include the accommodation you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.

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