Regional Manager, Corporate Real Estate

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Corporate Services/Other

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$104,000.00 - $171,700.00

Target Openings

1

What Is the Opportunity?

The Manager, Corporate Real Estate directs corporate real estate activities within an assigned portfolio.

Supports business operations through the delivery of real estate solutions at optimal cost.

Responsibilities include:
• Negotiating of leases for the establishment, renewal, termination, subleasing, expansion, downsizing, and/or relocation of corporate offices over a geographically diverse portfolio.
• Management of all aspects of facility operations, interior design, tenant construction, furniture installation and move-in activities involving new or existing facilities, as assigned.

Requires extensive personal interaction with business unit leadership, as well as third party service providers.

What Will You Do?

• Determines office space requirements based on staffing projections and business plans.
• Oversees brokers and does market research to identify suitable office locations.
• Analyzes financial, demographic, and suitability aspects of available alternative sites.
• With assistance, prepares suitable presentation materials and presents alternatives to appropriate management staff.
• Prepares final recommendation narrative and financial analysis of alternative sites to management.
• Utilizes independent decision-making skills to negotiate lease terms, document language, and related issues to obtain the most favorable agreement available for the corporation.
• Utilizes appropriate resource personnel, including broker and legal support, as needed.
• Supports the Operational Response Team as necessary during crisis management events.
• Oversees day-to-day facilities outsourced providers
• Supports third-party facility and project management staff involved with the design, construction, and move activities, as assigned.
• Helps to manage the leasing schedule and budget process to provide optimal cost savings for the organization.
• Identifies opportunities to reduce unneeded space and manages the disposition process of same.
• Collaborates with peers in other departments such as IT, Legal, Human Resources, Security, etc. as needed to perform facility, leasing and project management responsibilities.
• Assists leadership with reporting and other projects, as assigned.
• Supports the Operational Response Team as necessary during crisis management events.
• Conducts moderately complex financial/business analysis including the preparation of financial presentations.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor's degree with concentration in business administration, real estate, finance or related field.
• Demonstrated ability to forecast and prepare budgets.
• General knowledge of financial terms and principles.
• Intermediate analytical skills, oral and written communication skills.

What is a Must Have?

• 5 years experience in Commercial Real Estate, Facilities Management or related field.
• 2+ years experience in, or exposure to, the disciplines of Real Estate and Real Estate Law, Space Planning, or Facilities/Property Management.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.