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Engineering Manager

4 months ago

Scottsdale, United States STORE CAPITAL ADVISORS LLC Full time
Job DescriptionJob DescriptionDescription:

STORE Capital Advisors, LLC is seeking a Engineering Manager with to join our Portfolio Operations team.


How you will contribute to STORE’s mission:


The Engineering Manager owns the strategy and execution for property inspections, and environment and construction due diligence for $11B, ~3,000 property NNN REIT. This role reports to the Executive Vice President of Portfolio Operations and works closely with the Underwriting, Operations, Real Estate and Closing teams to provide key technical, engineering and commercial advice and support across real estate projects and taking responsibility for end-to-end service delivery. This leadership position assesses and confirms development and engineering related risk and assumptions at the underwriting stage, including construction cost, schedule, third party risks and capability of development partner and consulting teams. In addition, this position works with the Closing and Operations teams to review environmental and property condition diligence and related issues for real estate acquisitions and the owned portfolio.


What Will Make You Successful (Qualifications)


  • Minimum of 10 professional years’ experience with a high degree of technical and engineering demonstrating competence across multiple asset classes, typically covering offices, retail, hotels, logistic and industrial assets with ability to manage all technical due diligence and ownership/operations issues that arise including structural, building envelope, MEP, environmental, sustainability, vertical transportation, fire/life safety, development and redevelopment and reporting
  • An engineering or other technical education is most suitable for this position but extensive experience in the field and past working with investment professionals is welcome
  • Excellent excel, analytical and budget management skills
  • Ability to work independently and under pressure of deadlines
  • Detail oriented, high degree of accuracy in work product
  • Ability to work well within a team environment; Solution-oriented
  • Demonstrated leadership skills and show a track record in commercial real estate due diligence management and development, including pre-acquisition diligence, environmental diligence, strategic planning, development of comprehensive cost plans, planning & entitlement processes, project monitoring, institutional reporting and contract negotiation/management.
  • Strong knowledge of development, construction, asset/property/facilities management, engineering and operations, architectural and consultants’ contracts, and ability to structure fees, terms and conditions to optimize pricing and performance, including strong negotiating and contract documentation skills.
  • Able to perform extensive national travel as required.
  • •Experience, leading on compliance for quality, safety, health, and environment issues on project commissions.
  • Proven track record managing the flow of project information between the team and other stakeholders, through regular meetings and written communications.
  • An understanding of Contract Administration processes, claims resolution and disputes.
  • Strong strategic negotiating skills.
  • Strong oral and written communication
  • Strong project, development, engineering, construction and design management experience.


What Most Days Will Include (Primary Duties)


  • Lead the technical property inspection and environmental due diligence process, from selection of the professional team to resolution of issues with the counterparty and delivering relevant inputs to protect STORE’s interests.
  • Review externally prepared Phase 1, Phase 2 and Property Condition reports for all commercial real transactions to ensure compliance with external requirements and regulations and with STORE internal requirements.
  • Manage site inspection process and strategy for the portfolio, as well as tenant’s compliance with material post close cap ex requirements.
  • Working with external technical and legal consultants, manage post-close portfolio environmental issues.
  • Assess and confirm development and engineering related risk and assumptions at the underwriting stage, including construction cost, schedule (program), development potential, third party risks and capability of development partner and consulting teams.
  • Develop vendor strategy for deals, maintain strong engagement and identify new relationships to cultivate to assist in the programmatic needs.
  • Assisting in fee negotiations, development of key contractual documents and contract negotiations with consultants as necessary.
  • Assemble and manage a team of best of class consultants to perform needed tasks on short notice and coordinate findings to investment team.
  • Provide the necessary commercial and project development related input for investment deal underwriting, acquisition, and management of buildings.
  • Provide strategic input into the deal team regarding operational, development and refurbishment strategies



What’s In STORE For You (Benefits & Perks)


  • Competitive Pay and Long-Term Pay Incentives
  • Hybrid Work Schedule/Time Flexibility
  • Comprehensive Health Benefits w/ $0 Cost Employee Benefit Plan Options
  • Employer Sponsored Life and Disability Policies
  • Generous Paid Time Off Program and Paid Parental Leave
  • Paid Volunteer Time Off
  • Twelve (12) Paid Holidays Per Year
  • 401(k) Profit Sharing Plan with 4% match; with NO vesting schedule
  • Employee Wellness Program
  • Employee Training Reimbursement Program
  • Employer Sponsored Electric Vehicle (EV) Charging Program



STORE Capital Advisors, LLC is a proud equal opportunity employer. We do not discriminate on the basis of race, color, religion, national origin, sex, age, disability, or any other status protected by law. It is our intention that all qualified applicants be given equal opportunity and that selection decisions be based on job-related factors. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Requirements: