Real Estate Manager

Description

Lead the strategy behind where Murdoch’s shows up and succeeds. As Real Estate Manager, you’ll take ownership of our real estate strategy—overseeing acquisitions, guiding lease decisions, and managing costs across our portfolio. Working closely with teams across the business, your insight and judgment will directly influence how each location performs. This is a role where your expertise matters, your voice is valued, and your ability to think strategically and negotiate effectively makes a real difference.

Remote Work Available in the Following States: MT, WY, ID, CO, NE, TX.

As a Murdoch's Team Member, you will...

Lease Renewal Process

• Lead quarterly review for all stores within 2 years of lease expiration.
• Summarize all relevant information for leadership to make informed lease renewal decisions (financial and non-financial).
• Develop and recommend negotiation strategies and alternatives.
• Partner with CFO to determine amount of rent a store can afford at current sales and margin levels.
• Understand how our rent compares to the market.
• Negotiate renewal lease terms with the landlord.

Market Analytics

• Analyze the market factors that are impacting the sales performance across our store portfolio.
• Develop a model that forecasts our sales potential; given a variety of market and internal data points.
• Maintain an ongoing database of historical market data and how it correlates to our sales performance.
• Utilize learnings to inform sales estimates for new stores and overall market potential.
• Benchmark our occupancy costs against the market.

Financial Analysis

• Partner with CFO to create insightful information regarding store/ market profitability.
• Maintain financial and non-financial real estate (e.g., market data, lease terms) data that can be leveraged across the company.
• Assist Finance in the annual budgeting of real estate expenses and capital investments.

Lease Administration

• Complete all contractual and regulatory requirements on time; partnering with legal, finance and store operations as required.
• Create lease documents as needed, partnering with legal on aspects that require more detailed legal expertise and oversight.

Cost Savings

• Actively negotiate reduced rents with our landlords; proactively identifying opportunities and leverage points (e.g., alternative terms, eliminating % rent, alternative in-market locations).
• Support expense savings initiatives such as property tax audits, CAM audits and similar activities.
• Proactively review real estate processes to identify potential cost savings.

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Requirements

As a Murdochian, you must...

• Bachelor’s degree in business management, finance or related field.
• Experience negotiating contracts; preferable real estate but not required.
• Strong data analysis and manipulation skills
• Excellent analytical, communication, and project management skills.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• High ethical standards and a commitment to maintaining confidentiality.

Physical Demands:

• Sitting for long periods of time.
• Repetitive wrist movements on keyboard.
• Close vision for PC work.
• Ability to travel often.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Competitive Benefits Compensation:

•  Amazing Employee Discount on everything from clothes to power tools to pet food.
•  Multiple Health Insurance* options to best suit your needs after 60 days.
•  Dental & Vision options to complete your health plan.
•  Life Insurance to secure your family’s financial future.
•  Paid Vacation* allows you to relax and recharge.
•  Holiday Pay throughout the year so you can celebrate with your family.
•  Paid Sick Time** empowers you to stay home and focus on your health without losing pay.
•  401(k) with a generous 4% company match to help plan for retirement.
•  Paid Parental Leave* to take time to bond with your family’s new addition.
•  Community Giving Program matches your donations and provides paid volunteer hours.
•  Wellness Program* saves you money by lowering medical premiums with credits earned.
•  Training Program helps you expand your knowledge and skills with over 250 courses.
•  Other various Voluntary Insurance Options.