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Sr. Global Real Estate Transaction Lead @ Pure Storage

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 Sr. Global Real Estate Transaction Lead

Job Description

The Sr. Global Real Estate Transaction Manager is a key direct report to the Director of the Real Estate & Facilities organization reporting to the CFO. You will play a key role as a senior member of the team that handles portfolio strategy, real estate leasing transactions and oversees lease administration for all our offices worldwide.
This position will serve as the lead for acquisitions, dispositions, renewals and terminations for our office and data center portfolios, for multiple regions around the world. The Real Estate Transaction Sr. Manager will be required to ensure the completion of numerous transactions against strict schedules, while also continuously assessing opportunities to improve our cost structure. Each transaction will include developing a business case, preparing financial analysis, conducting site visits when necessary, negotiating contracts and ensuring portfolio planning policies are complied with. This role will be the key person on administering all of the lease administration activity for Pure Storage globally.

RESPONSIBILITIES
  • Serve as the primary operational leader with RE Service Providers for all aspects of identifying and selecting properties (offices, serviced offices, and data centers) that meet the company s requirements.
  • Handle multiple real estate transactions with support of our outsourced brokers, including active participation with the Finance team on rent payments and the Legal department in finalizing all contract negotiation for lease acquisitions and renewals.
  • Provide portfolio analysis of alternative scenarios regarding regional space needs and financial commitments, along with a recommended implementation plan that best suits the short and long term goals for the location and company.
  • Analyze and prepare the approval recommendation for all real estate transactions, and secure necessary management approvals.
  • Identify and develop new processes to facilitate a growing level of efficiency in the delivery and maintenance of real estate to the internal customer.

Manage outsourced service provider in Lease Administration:

  • Coordinate document review, execution, and notarization
  • New lease set-up, obtaining vendor payment info, insurance certificates, and Visual Lease database updates
  • Request, process, and track building construction info, lease agreements, letters of credit, commencement certificates, etc
  • Review and validate estoppels
  • Ensure monthly rent roll from Visual Lease is accurate, submitted for approval, and paid timely
  • Track all lease activity and changes to portfolio
  • Review and approve annual Op Ex estimates and year-end reconciliations, resolve discrepancies with landlords
  • Oversee conformance to lease requirements, landlord consent, restoration requirements, collection of tenant improvement allowance
  • Audit Visual Lease real estate database to ensure completion and accuracy
  • Track, maintain, and communicate lease expirations, option exercise dates, and other critical dates
  • Transaction status reporting, monthly/quarterly lease financial obligations
  • Preparing annual rent budgets and quarterly forecasts.
YOU WILL POSSESS
  • Highly developed property lease negotiation and transactional experience complimented by a high degree of financial acumen
  • Experience managing a dynamic portfolio of property within a multinational organization preferably within the technology sector
  • 5+ years experience in a corporate real estate environment
  • BS/BA Degree in Business Administration, Finance, Real Estate or a related major.
  • Strong communication, organizational, and influencing skills in working within the company and external parties
  • Proficient at collecting, analyzing and understanding data. Use of techniques and methods to present data in a format that promotes effective and evidence based managerial decision-making.
  • Effective communicator; experienced and proficient at presenting to various groups of people.
  • Relevant experience of managing third parties/suppliers/consultants.
  • Strong analytical and problem-solving skills.

WHAT YOU CAN EXPECT FROM US:

  • Pure Innovation : We celebrate those who think critically, like a challenge and aspire to be trailblazers.
  • Pure Growth : We give you the space and support to grow along with us and to contribute to something meaningful. We have been Named Fortunes Best Large Workplaces in the Bay Area , Fortunes Best Workplaces for Millennials and certified as a Great Place to Work !
  • Pure Team : We build each other up and set aside ego for the greater good.

Job Classification

Industry: IT Services & Consulting
Functional Area / Department: Finance & Accounting
Role Category: Finance
Role: Financial Analyst
Employement Type: Full time

Contact Details:

Company: Pure Storage
Location(s): Bengaluru

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Keyskills:   Document review Financial analysis Analytical Finance corporate real estate Leasing Operations Business case Auditing

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Pure Storage

Pure Storage (NYSE:PSTG) helps innovators build a better world with data. Pures data solutions enable SaaS companies, cloud service providers, and enterprise and public sector customers to deliver realtime, secure data to power their mission-critical production, DevOps, and modern analytics environm...