Manager, Real Estate Transactions

Location

Pune | India

Job description

About us

WeWork is a global platform for creators, providing hundreds of thousands of members around the world with space, community and services that enable them to do what they love and create their life's work.

WeWork India, is run by the Indian real estate conglomerate, Embassy Group and commenced operations in 2017. Currently, it has over 62,000 members and 43 locations and six cities in India - Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune. Its portfolio comprises small and medium enterprises, start-ups, large businesses, freelancers, etc. Our mission is empowering tomorrow's world of work.

Flexibility is paramount in today's workforce and the WeWork India team is laser-focused on fuelling growth opportunities and fortifying its position as the leading flexible workspace brand with customisable and innovative solutions for all businesses. In October, WeWork India made its first investment in Bengaluru-based conferencing and collaboration platform, Zoapi. Founded in 2019, Zoapi is a unified conferencing and collaboration solution provider for enterprise companies, coworking spaces, and education centres.

WeWork India's latest brand campaign 'Great Inspires Great', showcases the breadth of products at WeWork India which makes it the ideal end-to-end workspace solutions provider in a hybrid and flexible world. WeWork's products include digital offerings like On-demand, All Access, Managed Office by WeWork, and its space as a service portfolio consisting of private offices, custom build offices, and conference rooms, among others.

WeWork India is the country's leading flexible workspace provider that offers a personalised experience to different types of professionals with varied needs through its innovative and customised offerings. WeWork India is home to a community of diverse set of people – from innovators to visionaries to dreamers and go-getters, making it a space where people meet and inspire each other to achieve greater heights of success. You can learn more about our team and organisation here. Read more about our culture code to understand how we do things.

About the Role:

The Transactions team supports all transactional work and performs all financial analysis, market research and deal management pertaining to WeWork's regional expansion. The Transactions position is responsible for facilitating all actions required for the professional management of WeWork's leasing pipeline and portfolio within their designated region and territory. As a dedicated member of a regional deal team, this role requires a deep understanding of the commercial real estate market, real estate portfolio management, commercial and legal negotiation, and stakeholder management.

Manage the day-to-day activities of WeWork's Real Estate portfolio. Support a diverse set of company needs from basic management of lease abstractions and critical dates. Responsible for portfolio lease input and tracking to enable the company to make strategic real estate decisions that support WeWork's expansion and growth.

Roles and Responsibilities:

• Leading the Real Estate portfolio and growth for the region
• Facilitating timely deal conversion, advantageous deal terms, successful lease negotiation, project management and overall portfolio management
• Contributing to and overseeing analytics work, particularly market research, deal underwriting, investment committee presentations, etc
• Facilitating all actions required for and maintaining systems for regional portfolio management
• Responsible for the storage of all lease-related documents and input key information
• Review critical data reporting provided by third-party vendor for accuracy
• Coordinate completion of tenant improvements required in leases and lease amendments
• Research and provide information on escalations, operating costs and real estate taxes
• Collaborate with Accounting to reconcile letters of credit and guarantees to leases
• Work with Legal and the greater Real Estate team on newly executed leases and agreements
• Follow up with landlords on time on resolution of complaints, status of tenant service requests and miscellaneous tenant requirements
• Assist Transaction Managers with deal closeout: receipt of comparison analysis and other relevant information from our broker partners
• Work with landlords to obtain possession letters, rent commencement agreements and other lease-related correspondence
• Develop activity reports for regional portfolios and global portfolio
• Become familiar with all building leases and building rules and regulations with proficiency in reviewing and investigating conflicts

Education and Desired Qualifications:

• Bachelor's Degree in Business Administration or Accounting
• Extensive work experience in RE Finance, CRE brokerage and/or CRE acquisitions
• Experience with commercial real estate and transaction management
• Strong capabilities in financial modelling and market research
• Strong understanding of the commercial real estate industry
• Impeccable and concise communication and presentation skills, verbal and written
• Teamwork, cooperation, and ability to take direction
• Reliable, focused and detail-oriented
• Demonstrated ability to meet deadlines consistently
• Strong time management skills and experience managing multiple projects simultaneously
• Excels under pressure; ability to work both independently and cooperatively in a fast-paced environment
• Experience related to lease administration, Accounting or property/project management
• Experience with Visual Lease is a must
• Experience with Workday is preferred
• Expertise in understanding and interpreting complex commercial lease language
• Ability to multitask, process work quickly and accurately with changing priorities
• Desire to work within a diverse, collaborative and driven professional environment

Equal Opportunity Employer

WeWork India is an Equal Opportunity and Affirmative Action Employer. We celebrate diversity and are committed to creating an inclusive environment for our employees and members. Employment decisions are made without regard to race, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, veteran status or other characteristics protected by law.

We expect all employees to embody our values and all aspects of employment including the decisions to hire and promote, are based on merit, competence, performance and business needs.

Our total rewards philosophy is aimed at providing compensation that is competitive, performance linked and helps us attract and retain the talent we need to drive our business forward and serve our members. As part of WeWork India, our commitment to you is that you'll be surrounded by career opportunities in a culture that fosters collaboration, flexibility and inclusion.

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