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Corporate Real Estate Manager
Bank of Hawaii Corporation
Oahu, HI, United States
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Description
Does this sound like you?
Are you ambitious? Want to make a difference in people’s lives? Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver? If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii. Here you can be at the forefront of whatever you do. Welcome to your tomorrow!
A day in your life as a Corporate Real Estate Manager
Under the direction of the Manager of the Corporate Real Estate & Facilities Department (CREFD), the Real Estate Manager is responsible for the management of all real property assets owned or leased by Bank of Hawaii Corporation (BOHC) and its subsidiaries as well as any income-producing properties. Also manages the Financial Plaza of the Pacific on behalf of its owners. Assists in business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.
We’ll give you these important responsibilities…
• Develops an annual strategic plan for all BOHC corporate real estate assets in conjunction with other stakeholders. Establishes metrics and other consistent measures by which to evaluate Bank’s own real estate holdings. Makes recommendations for changing the handling of certain properties as necessary. Regularly presents current strategic plan to and actively discusses specific real estate options with executive management. Performs analysis and takes the lead on all transaction negotiations.
• Ensures leases are negotiated on a timely basis and that real estate assets are regularly evaluated for highest and best use. Recommends appropriate actions to executive management of affected business units and executes plans. Ensures real property tax assessments are reviewed and appealed, where appropriate, and market data is appropriately researched and documented for rent negotiations. Evaluates opportunities to reduce occupancy costs and produces rolling 5-year report of all lease action dates for review and decision-making by key mangers. Ensures all real estate documents, property information and financial data are accurate and properly maintained.
• Establishes and manages the real estate team to ensure the strategic plan is properly executed. Ensures that real estate team provides well supported leasing and market research data to other divisions and subsidiaries along with prudent recommendations. Ensures performance management, training and development of appropriate personnel.
• Directs and reviews the activities of Financial Plaza of the Pacific (FPP) on behalf of the Bank as Managing Owner. Prepares quarterly financial reports for presentation to board of FPP. Works closely with other CREFD team leaders to ensure appropriate management of FPP. Oversees fiscal performance of the AOAO; reviews and appeals real property tax assessments, as appropriate; and monitors capital improvement projects. Coordinates all board meetings and oversees the preparation of appropriate reports for board review and action and submittal of all required documents for governmental compliance.
• Oversees the development of central budgets for all real estate expenses for Hawaii and West Pacific. In conjunction with other team leaders develops operating budgets for all major BOHC properties. Ensures budget information is submitted on a timely basis and integrated into corporate-wide budget. Reviews and provides updated detail for monthly forecasts and variance reports and takes responsibility for final review of all month end reports. Monitors expenses against budget and takes necessary corrective action. Contributes to the development of the departmental operating budget and reviews operating statements on a monthly basis to ensure actual costs are consistent with budgeted expenses and makes appropriate adjustments to the monthly forecast. Oversees the processing of payments of rental expenses and other property costs as well as collects rents owed company.
• Responsible for the management of all employees on the Real Estate team including staffing and scheduling, compensation, performance management, training and development. Goal is to attract, retain and motivate the team to achieve management business objectives and maintain a favorable employee relations climate. Responsible for the timely and effective management of Human Resources forms and documents relevant to immediate staff.
• Performs all other miscellaneous responsibilities and duties as assigned.
Qualifications
…if you come to us with these qualifications…
Education:
• Bachelor’s degree from an accredited institution or equivalent work experience.
Experience:
• Minimum ten years comprehensive commercial real estate experience, including familiarity with appraisals, leases, real property tax appeals and buying and selling commercial property.
• Requires at least five years of experience managing budgets and staff.
• Also requires understanding of general accounting principles and practices, as well as ability to read and evaluate income and expense statements.
Technical Skills:
• Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel and PowerPoint) or similar software.
• Knowledge of or ability to use Bank software and systems.
Other Job Qualifications:
• Must have strong verbal and written communication skills, as well as presentations skills.
• Must be analytical, detail-oriented and organized.
• Should be able to prioritize multiple projects and management multiple changing deadlines and priorities.
• Must be a team player, with excellent interpersonal and negotiation skills.
• Able to provide own transportation or to operate a vehicle with a valid driver’s license and commute in a timely manner as required.
• Travels by air as required.
• Able to work evenings, weekends and holidays as necessary.
Bank of Hawaii
In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. We’ve been here from territorial days, growing and changing with Hawaii. Today, we are the largest independent bank in Hawaii – a result of knowing our business and community, and always staying ahead of change. We are constantly finding creative ways to deliver leading edge financial services to our customers. Now, we’re embracing change with our new 21st century banking.
It’s our people who help us succeed in offering first class service and products to our customers. As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork. People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status. Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities.