Mgr Real Estate

ComEd; Oakbrook Terrace (IL); On-site; USD 114,000 - 156,000; Full time

Benefits offered by this job

401(k) match

Medical, dental and vision insurance

Generous paid time off

Tuition reimbursement

Job summary

ComEd is seeking a Senior Manager of Real Estate & Facilities to lead land acquisitions and infrastructure leasing for core transmission and distribution operations.

You will supervise Real Estate Representatives, optimize budgets, and coordinate with regulators, railroads and other business units to ensure timely, compliant transactions.

Qualifications

• Bachelor's Degree and 7-10 years of accomplished real estate experience involving real estate transactions, contract negotiation, property valuation, market analysis, commercial development and finance with Real Estate license.
• Thorough understanding of real estate closing procedures and documentation.
• Exceptional negotiation skills and strong analytical and communication skills.
• Effective performance management skills and demonstrated success as a supervisor or manager.
• Demonstrated success in achieving challenging business goals and delivering effective solutions in a corporate setting.

Responsibilities

• Manages the performance of staff responsible for acquiring land and rights of way for Company operations.
• Allocates staff resources and prioritizes work per the strategic acquisition plan.
• Provides transactional support to direct reports as needed.
• Maintains relationships with regulatory bodies, transportation agencies and railroads.

Skills

Real estate negotiation

Analytical thinking

Communication skills

Leadership

Staff development

Education

Bachelor’s Degree in Real Estate/Related Field

Real Estate license

Job description

Who We Are

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 20,000 colleagues strong serving more than 10.7 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive.

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

Primary Purpose

Manages processes for executing transactions involving the acquisition, infrastructure leasing, sale or leasing of real property rights in accordance with strategy and planning goals and the department's annual business plan. Manages activities associated with the execution of property acquisitions infrastructure leasing, sale or leasing of real property rights. Supervises and manages the performance of Senior Real Estate Representatives and Real Estate Representatives responsible for executing property acquisition projects, infrastructure leasing, sale or leasing of real property rights. Exercises leadership in the area of safety and diversity and sustains a high level of employee commitment among staff. Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.

Primary Duties

• Manages the performance of Senior Real Estate Representatives and Real Estate Representatives responsible for acquiring all of the land and rights of way required for Company operations. (20%)
• Manages work of real estate acquisition, infrastructure leasing, sale or leasing of real property rights staff to ensure proper allocation of staff resources among assignments and prioritization of work in accordance with the Company's strategic acquisition plan; provides for staff training and career development. (10%)
• Provides transactional support as required by direct reports. (10%)
• Manages relationships with other business units, governmental/regulatory bodies, transportation agencies and railroads in connection with the execution of real estate acquisition matters. (10%)
• Develops, establishes and monitors budgets and financial forecasts for transactions and team projects. (5%)
• Remains current on trends and developments in the industry to ensure that processes for executing acquisitions appeals reflect best corporate real estate practices. (5%)
• Exercises leadership to maintain a work environment that promotes diversity, safety and a high level of employee commitment. Supports the continued development of direct reports. (5%)
• Manages the use of external resources to execute acquisition transactions. (10%)
• Acts as an expert witness before state regulatory authorities when required for land acquisitions. (5%)
• Supervises and performs contract negotiations and document preparation; reviews appraisals, environmental reports, engineering plans and title and property records; supervises and performs all other conveyance and closing activities for real estate acquisitions. (5%)
• Reports regularly on the status of acquisitions to the Manager of Real Estate & Facilities. (10%)
• Accountable for executing transactions on time and within budget. (5%)

Job Scope

Accountable for the successful execution of transactions involving the acquisition of all land and land rights required for Company operations or infrastructure leasing, sale or leasing of real property rights. Effective leadership skills are essential to drive performance from team of real estate professionals. Position involves broad supervisory and management responsibilities for land acquisition functions or infrastructure leasing, sale or leasing of real property rights that are critical to the success of the Company's core transmission and distribution business. Requires effectiveness in supervising and evaluating the performance of real estate professionals both within and outside of the Department. Position requires exercise of independent judgment and entails responsibility for acquisition initiatives having significant budget impact.

Minimum Qualifications

• Bachelor's Degree and 7-10 years of accomplished real estate experience involving real estate transactions, contract negotiation, property valuation, market analysis, commercial development and finance with Real Estate license. In lieu of a Bachelor's Degree, 9-12 years of utility-specific real estate experience.
• Thorough understanding of real estate closing procedures and documentation.
• Exceptional negotiation skills and strong analytical and communication skills.
• Effective performance management skills and demonstrated success as a supervisor or manager.
• Demonstrated success in achieving challenging business goals, assuming leadership role and delivering effective solutions to business problems in a corporate setting.
• Proven ability to build consensus, establish trust, communicate effectively and foster culture change.
• Demonstrated business acumen, customer awareness and ability to create value.

Preferred Qualifications

• Bachelor's Degree and 7-10 years of accomplished real estate experience involving real estate transactions, contract negotiation, property valuation, market analysis, commercial development and finance with Real Estate license. In lieu of a Bachelor's Degree, 9-12 years of utility-specific real estate experience.
• Thorough understanding of real estate closing procedures and documentation.
• Exceptional negotiation skills and strong analytical and communication skills.
• Effective performance management skills and demonstrated success as a supervisor or manager.
• Demonstrated success in achieving challenging business goals, assuming leadership role and delivering effective solutions to business problems in a corporate setting.
• Proven ability to build consensus, establish trust, communicate effectively and foster culture change.
• Demonstrated business acumen, customer awareness and ability to create value.
• 3-5 years of supervisory experience.

Benefits

• Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $113,600.00/Yr. – $156,200.00/Yr.
• Annual Bonus for eligible positions: 20%
• 401(k) match and annual company contribution
• Medical, dental and vision insurance
• Life and disability insurance
• Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
• Employee Assistance Program and resources for mental and emotional support
• Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
• Referral bonus program
• And much more

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.