Director Global Real Estate
Company: Disability Solutions
Location: Princeton
Posted on: October 19, 2024
Job Description:
Working with UsChallenging. Meaningful. Life-changing. Those
aren't words that are usually associated with a job. But working at
Bristol Myers Squibb is anything but usual. Here, uniquely
interesting work happens every day, in every department. From
optimizing a production line to the latest breakthroughs in cell
therapy, this is work that transforms the lives of patients, and
the careers of those who do it. You'll get the chance to grow and
thrive through opportunities uncommon in scale and scope, alongside
high-achieving teams rich in diversity. Take your career farther
than you thought possible.Bristol Myers Squibb recognizes the
importance of balance and flexibility in our work environment. We
offer a wide variety of competitive benefits, services and programs
that provide our employees with the resources to pursue their
goals, both at work and in their personal lives. Read more: . Major
Responsibilities:
- Strategic Real Estate Planning
- Assist in the development and execute operationally sound and
cost-effective real estate solutions that meet the needs of BMS and
support the Company's Strategic Plan
- Analyze the company holdings and real estate markets for
actionable opportunities
- Develop processes and communication channels to ensure
alignment of Real Estate Strategies and Services with the goals and
objectives of key stakeholders
- Global Real Estate Portfolio Management
- Assist in leading the management and oversight of the Company's
global real estate portfolio of 151 locations in 46 countries
encompassing over 15 million sq. ft. of owned/leased office, lab
and manufacturing space
- Proactive review of global current market conditions for
opportunities
- Monitor over $278M in annual rent/lease payments including the
management of all domestic rent payments $168M annually) processing
as well as oversight of sublease income (-$30m)
- Maintain Data Base of Global Properties
- Manage all critical dates
- Develop and oversee a strategic real estate dashboard
- Develop / refine real estate metrics portfolio metrics
- Sustain landlord and tenant relationships
- Year-end and quarterly financial reporting responsibilities
- Acquisition of Owned ad Leased properties Globally
- Manage the site selection process with key stakeholders while
also identifying any governmental incentive opportunities
- Lead the negotiation of new/renewed BMS leases at all worldwide
locations
- Provide guidance and recommendations to global, regional and
local site leadership based on qualitative and quantitative
analysis, using appropriate analytics.
- Establish project implementation teams by defining roles and
responsibilities, and developing project timelines
- Project teams include Legal, HR, Facilities, EHS, Security,
Finance, Procurement, Engineering and External Providers such as
Brokers, Lawyers, and Space Planners
- Develop cost estimates for approval documents (CAR LAR), RAR
projections and identify any local tax, regulatory or compliance
implications by working closely with the centralized and local
Finance and Legal organizations
- Ensure that all real estate related documents such as Purchase
& Sale Agreements and Leases appropriately protect Company
interests.
- Manage the Global Strategy and Process for the Disposal of
Owned and Leased properties
- Provide thought leadership in the development of Divestiture
Strategies that optimize the company's operational and financial
goals while considering cultural norms and practices
- Implement Strategies through efficient use of Service Providers
(Brokers, Lawyers, Land Design Firms, and Planners) and
Collaboration with Internal Resources such as Finance, Facilities,
Legal, Procurement, Engineering, and Corporate Affairs
- This includes sublease and lease termination execution.
- Meet with the relevant government Agencies to ensure the
appropriate exit and transition of the respective sites.
- Where appropriate review the permitted uses and participate in
any zoning change dialogs
- Ensure that all real estate related documents such as Purchase
& Sale Agreements and Leases appropriately protect Company
interests
- Support the Strategy and Business Development Group with
Business Merger, Acquisition and Divestiture Due Diligence
- Review real estate assets of acquisition targets to determine
financial and legal obligations/risks
- Access and analyze potential synergies within existing BMS
portfolio and Future state organization
- Provide contingency & scenario planning
- Provide the necessary valuations and appraisals of owned key
sites and leaseholds
- Real Estate Tax Management ($40MM)
- Manage all actions relevant to challenging, negotiating and
appealing real estate taxes for US sites
- Align and collaborate with BMS Site Management, Corporate
Affairs, Tax, Treasury and Legal to ensure acceptable outcomes
- Organizational Responsibilities
- Identify and implement best practices/process to drive
operational excellence
- Ensure real estate related compliance to all applicable company
protocols, practices, procedures and regulatory requirements
- Direct and Lead the Approval Process for all Company related
Real Estate transactions
- Signing authority for real estate and related contracts
- Assist in the development and deployment of the global BMS
Workplace strategy to create a comprehensive energizing workplace
experience while helping to change the culture of the
organization
- In partnership with Global Procurement, manage the selection of
Brokers and Project Management/Design Firms If you come across a
role that intrigues you but doesn't perfectly line up with your
resume, we encourage you to apply anyway. You could be one step
away from work that will transform your life and career. Uniquely
Interesting Work, Life-changing CareersWith a single vision as
inspiring as Transforming patients' lives through science--- ,
every BMS employee plays an integral role in work that goes far
beyond ordinary. Each of us is empowered to apply our individual
talents and unique perspectives in an inclusive culture, promoting
diversity in clinical trials, while our shared values of passion,
innovation, urgency, accountability, inclusion and integrity bring
out the highest potential of each of our colleagues.On-site
Protocol BMS has a diverse occupancy structure that determines
where an employee is required to conduct their work. This structure
includes site-essential, site-by-design, field-based and
remote-by-design jobs. The occupancy type that you are assigned is
determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned
facility. Site-by-design roles may be eligible for a hybrid work
model with at least 50% onsite at your assigned facility. For these
roles, onsite presence is considered an essential job function and
is critical to collaboration, innovation, productivity, and a
positive Company culture. For field-based and remote-by-design
roles the ability to physically travel to visit customers, patients
or business partners and to attend meetings on behalf of BMS as
directed is an essential job function. BMS is dedicated to ensuring
that people with disabilities can excel through a transparent
recruitment process, reasonable workplace
accommodations/adjustments and ongoing support in their roles.
Applicants can request a reasonable workplace
accommodation/adjustment prior to accepting a job offer. If you
require reasonable accommodations/adjustments in completing this
application, or in any part of the recruitment process, direct your
inquiries to . Visit to access our complete Equal Employment
Opportunity statement. BMS cares about your well-being and the
well-being of our staff, customers, patients, and communities. As a
result, the Company strongly recommends that all employees be fully
vaccinated for Covid-19 and keep up to date with Covid-19 boosters.
BMS will consider for employment qualified applicants with arrest
and conviction records, pursuant to applicable laws in your area.If
you live in or expect to work from Los Angeles County if hired for
this position, please visit this page for important additional
information: Any data processed in connection with role
applications will be treated in accordance with applicable data
privacy policies and regulations.
Keywords: Disability Solutions, Trenton , Director Global Real Estate, Executive , Princeton, New Jersey
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