Portfolio Manager, Commercial Development
1 month ago
The Talent Acquisition department hires qualified candidates to fill positions which contribute to the overall strategic success of Howard University. Hiring staff "for fit" makes significant contributions to Howard University's overall mission.
BASIC FUNCTION:
The Portfolio Manager (PM) of Commercial Development position is responsible for developing and managing the strategic and operational activities for the commercial development portfolio. The incumbent will have oversight of a diverse portfolio and will work with University and external partners to drive key objectives and performance of commercial development projects. The PM will be responsible for the day-to-day management and execution of these projects and will serve as the primary point of contact for this portfolio with internal and external stakeholders.The PM must be able to organize and prioritize multiple tasks, effectively manage through stressful situations, and consistently make effective, high-quality decisions.
The incumbent will ensure project goals and timelines are met in an efficient and cost-effective manner, oversee vendor performance, and serve as the primary liaison to partner entities. The incumbent will assess project issues and identify solutions to meet performance goals. The PM is responsible for maintaining all project records and information, and informing relevant leadership and stakeholders of necessary updates in a clear and timely manner. The PM is also responsible for managing any necessary administrative work including budgetary oversight, in partnership with relevant REDCAM and University administrative offices, to ensure the successful completion of a project.
SUPERVISORY ACCOUNTABILITY:
The incumbent is responsible for overseeing the successful completion of projects, and is therefore expected to ensure all contributing parties are remaining on task, on time, and on budget. The PM does not have any direct supervisory reports.
NATURE AND SCOPE:
Internal contacts include executives, administrators, faculty, students, and staff of the university at large. External contacts include consultants, contractors, local regulatory agencies, historical societies, local surrounding communities, representatives from other colleges and universities, visitors, and the general public. The PM ensures that commercial development projects are completed on time, on budget, and to a high degree of quality; that all stakeholders are kept properly informed throughout the course of a project; that project plans and budgets are developed and subsequently adjusted, as needed, to meet the needs of the University and the limits of the project's resources; and that the project is smoothly transitioned to normal operations once complete and ready for full user occupancy. The PM will also oversee the management of commercial development projects throughout operations. The PM will be an important and active member of the REDCAM team, communicating with office leadership and colleagues in order to help de conflict and otherwise coordinate multiple projects across the University, and contribute to the overall successful execution of the University's Master Plan and capital improvement goals. The ideal candidate for the PM position possesses political savvy, strong project management skills, and a high degree of motivation, good judgment, and self-direction to define processes to achieve organizational goals that can be demonstrated by past experience.
PRINCIPAL ACCOUNTABILITIES:
Plan, develop, administer, and coordinate new or revised project goals and objectives. Independently and proactively manage projects to leadership-approved goals, timelines, and budgets; manage contractors to the terms of agreement.
Develop and schedule project work plans in accordance with specifications, objectives, and funding limitations, while overseeing daily operations.
Identifying project risks, developing risk mitigation and contingency plans, and implementing action plans to reduce or eliminate project risks.
Manage assembly and on boarding of project team, including University partners for whom the project is being carried out, as well as contractors.
Perform administrative duties as needed, including contract drafting and revision, project budget tracking and management, and managing these functions to completion through University processes and procedures.
Negotiating disposition contracts, leases, and funding agreements.
Negotiating and managing interactions with private and public counterparts.
Interfacing with internal stakeholders to define project requirements and constraints.
Creating, reviewing, and analyzing detailed financial models of commercial development projects.
Conducting presentations and meetings with community stakeholders.
Analyzing and presenting findings and recommendations to University leadership in written and verbal form.
Understanding local laws and regulations, especially as it relates to Further Processing.
Ensure all necessary legal and regulatory requirements of a project are met, including but not limited to the obtaining of all necessary permits.
Ensure that all necessary move-outs and move-ins of occupants and associated materials are properly coordinated.
Manage, resolve, and escalate issues to REDCAM leadership, as appropriate, to ensure high quality deliverables.
Manage additional functions as required by a project, including but not limited to lease agreements, third-party agreements, and liaising with community and government entities.
Representing and promoting the University's interest on all projects.
Perform other related duties as assigned.
CORE COMPETENCIES:
Understanding commercial and residential real estate development and leasing transactions.
Familiarity and experience developing and interpreting financial analysis and deal structures.
Familiarity and experience with project management duties including project implementation from conception to completion.
Proven strength in the use of spreadsheets, database and presentation applications, including Microsoft Excel and PowerPoint.
Strong attention-to-detail, organizational, management, presentation and communication skills are required.
Demonstrated ability to multi-task; to be a team player; and to be flexible and adaptable to change.
Demonstrated ability to use sound judgment and to be an effective decision maker.
Gathers and thoroughly analyzes information in order to make well-founded recommendations to the University's senior administration.
Understanding of District of Columbia economic development issues, neighborhoods, and real estate market.
Excellent interpersonal, written, verbal and analytical skills.
Experience with community engagement and/or executive stakeholder management a plus.
Communicates with the University community, the public, and the media regarding planning, design, and construction issues is required; Management skills, particularly in decision-making, are required.
Works collegiality with a wide variety of constituencies possessing various levels of planning and design knowledge is required.
The ability to develop knowledge of, respect for, and skills to engage with those of other cultures or backgrounds is required.
Ability to plan and manage within budget and time constraints is required.
Ability to manage strategic partner relationships.
Broad knowledge of the principles and practices in financial management highly preferred.
MINIMUM REQUIREMENTS:
Bachelor's Degree and 10-15 years of related work experience, including real estate focused banking, development, finance, consulting, urban planning, and/or public policy; relevant graduate degree preferred.15 years of related work experience may be substituted in lieu of educational qualifications.
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