Senior Manager, Real Estate

Sony Corporation of America (SCA) is seeking a Senior Manager of Real Estate to serve on an enterprise-wide domestic and international real estate strategy and transaction team. This position will report to the VP of Corporate Real Estate and will be located in Culver City, CA. The position will plan, manage, perform and direct all aspects of real estate transactions related to the acquisition, disposition, leasing, licensing and subleasing of properties throughout our global portfolio with an emphasis on The Americas and specific Latin America markets for SONY subsidiaries and affiliated companies. Additionally, the Senior Manager will manage cost containment projects involving operating expense CAM and property tax reviews/audits using third party consultants. The Senior Manager will lead projects to a successful conclusion meeting established schedule and budget KPIs.

This position will provide a leadership role with respect to strategic property reviews, real estate consolidations, corporate real estate transactions, strategy, and project management for a range of property types including office, industrial, studio, production, and specialty projects. The Senior Manager will identify and implement real estate solutions that adapt to and support the business strategy at an optimum cost. The successful candidate must be a self-starter and fully engaged to support ongoing department or portfolio-wide projects and processes.

This position will be a on a Hybrid schedule requiring 3-4 days per week in the Culver City office.

JOB RESPONSIBILITIES

• As a knowledge expert, assist business units with management of global real estate portfolios and development of real estate strategies aligned with individual business goals and objectives

• Identify and implement opportunities to consolidate, co-locate, utilize vacant or underutilized space and to take advantage of market trends which benefit the corporation (with a focus on reduction in overall occupancy costs)

• Utilizing existing resources, identify project service providers (i.e. marketing, brokerage, legal, etc.) and evaluate consultant proposals. Negotiate and administer consultant contracts to ensure quality performance within budget constraints.

• Prepare and negotiate RFP's, term sheets, leases, work letters, and other real estate agreements

• Perform pre-lease due diligence, site selection and market analysis.

• Investigate, evaluate and present alternative sites to senior management.

• Prepare project schedules, financial analyses, and real estate documents for review by senior management.

• Obtain all necessary project approvals from senior management working with user groups and Sony Real Estate team leader. Upon approval, manage resources (both internal and external) to bring projects to satisfactory completion to meet business needs and to ensure adherence to legal documents, schedule, specifications and budget.

• For select US properties, review annual landlord operating expense and real estate tax estimates, and annual landlord CAM reconciliation statements to ensure accuracy and lease compliance.

• Identify and coordinate CAM Audits using third party vendors for select properties

• Efficiently handle numerous concurrent assignments involving various product types across multiple domestic and international markets.

• Perform other related duties as assigned by management such as monthly reports, strategic property reviews, lease abstracts, project completion and closeout requirements, and cost savings reports.

• Collaborate cross functionally with internal teams.

• Available to travel, including internationally, up to 25%.

• Honesty, trustworthiness and ethical conduct are material requirements for the responsibilities outlined above

QUALIFICATIONS FOR POSITION

Your qualifications and experience should include:

• Undergraduate degree and/or advanced degree in related discipline (business, real estate, engineering or law) preferred

• Minimum 7 years of corporate or commercial real estate (or related) experience, with at least 4 years' experience negotiating commercial leases in global markets.

• Experience working in the Latin American Markets preferred.

• Foreign language skills are preferred (Spanish and/or Portuguese preferred).

• Thorough understanding of legal and financial aspects of a Real Estate transaction.

• Strong written and oral communications.

• Advanced computer skills (analytical, report writing, Microsoft Word, Excel, OneNote, and PowerPoint) necessary.

• Knowledge of real estate database applications with preference for CoStar Real Estate Manager.

• Familiarity with FASB, GAAP and IFRS accounting rules for real estate desirable

• Must be eligible to work unrestricted in the USA.

In addition to competitive pay and benefits, we offer an environment and culture that promotes Diversity, Equity, and Inclusion. We are committed to creating an inclusive employee experience for you to thrive as part of Sony's purpose to "fill the world with emotion through the power of creativity and technology."

Benefits:

SCA offers benefits-eligible employees (generally regular employees scheduled to work 20 or more hours a week) a comprehensive benefits program that offers coverage and support for employees and their family's physical, emotional, and financial well-being.

What we offer you:

• Comprehensive medical, prescription drug, dental, and vision coverage with coverage for spouses/domestic partners and child dependents, including access to a Health Savings Account (HSA) and Flexible Spending Account (FSA)

• Employee assistance plan and comprehensive behavioral health benefits

• Fertility benefits, including, surrogacy, and adoption assistance programs

• Basic and supplemental life insurance for employees as well as supplemental life insurance coverage for their spouses/domestic partners and children

• Voluntary benefits such as group legal, identity theft protection, accident, and hospital indemnity insurance

• Short-term & long-term disability plans

• Up to 12 weeks of paid parental and caregiver leave

• 401(k) Plan with pre-tax, Roth, and after-tax options and company match with immediate vesting

• Education assistance and student loan programs

Other Programs:

• Flexible Work Arrangements, including hybrid work schedules

• Time off to include vacation, paid holidays, sick leave, Summer Fridays (early release), and a winter break between Christmas and New Year's Day (based on business needs)

• Referral bonuses (subject to eligibility)

• Matching gift program

• A wide variety of employee business resource groups (EBRGs)

• Special discounts on Sony products, offered exclusively to Sony employees

• Employee stock purchase plan (Sony covers commissions and fees for your Sony stock purchases made through after-tax payroll deductions)

The anticipated annual base salary for this position is $160,000 to $170,000. In addition to the annual base salary, this role has an annual bonus target of 17%. This range does not include any other compensation components or other benefits that an individual may be eligible for. The actual base salary offered depends on a variety of factors, which may include as applicable, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job.

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SCA will consider qualified applicants with arrest or conviction records in accordance with applicable law.