LGA Properties - Senior Property Representative

Real Estate & Prop Management Flushing, New York

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Description

Position at The Port Authority of NY & NJ

About the Role

 Under the supervision of the Manager, LaGuardia Airport Properties and Commercial Development, the selected candidate is responsible for managing and administering an assigned portfolio of commercial agreements, including but not limited those for multi-tenant buildings, terminals, and various facilities. This consists of developing the business strategy; negotiating, obtaining authorization for and documenting the business terms; obtaining full execution of the agreement; and ensuring that the tenant fulfills the obligations of the agreement throughout the term, while maximizing revenue for the Port Authority.

Responsibilities

  • Prepares authorizing documents (agenda items for Port Authority Board approval Memoranda of Justification, and Memoranda of Authorization) that detail tenant investment, competitive fee structures and other items.
  • Timely prepares and coordinates the completion of all documentation for assigned agreements consistent with PA standards, including term sheets and financial analysis.
  • Serves as project lead with other agency staff departments such as Law, IFP, and Risk Management related to the assigned portfolio.
  • Addresses and coordinates the resolution of tenant issues and responds to questions and requests for information for agreements within the assigned portfolio.
  • Sets up and manages agreements in the SAP Real Estate Module.
  • Prepares summaries of key financial and business terms for each lease and permit in their portfolio.
  • Implements audit and monitoring procedures to verify assigned tenant/permittee compliance.
  • Maintains contact with tenants/permittees including regularly scheduled in -person visits to each leased site including discussions regarding business success/challenges.
  • Performs site visits to show prospective tenants’ space and perform walkthroughs upon return of space.
  • Attends regular and ad hoc in-person meetings with airport facility management/staff, airlines, tenants and potential tenants.
  • Proposes financial terms for transactions using guidelines as appropriate and within designated categories of use: standards market rates for land or certain facilities, standard escalation provisions, and market comparables based on defined criteria; capital investment requirements associated with lease term; criteria for capital investment imbursements.
  • Reviews accounts receivables on a monthly basis and follows up with tenants that are in arrears.
  • Prepares monthly analysis of upcoming agreement renewals on a rolling 12-month basis and develops action plan for timely completion prior to expiration.
  • Reviews and prepares long-range revenue forecasts for their portfolio, validating assumptions made with respect to continued space rental and other variances.
  • Maintains ongoing inventory for all transactions and prepares negotiation/transaction summaries to document underling circumstances, tradeoffs, and rationale for positions taken.
  • Approaches tasks with a results-driven approach, working across all Properties teams to proactively anticipate issues, understands the other perspectives, seeks out best practices, develops creative solutions, and employes tempered but persistent closure strategies with internal and external stakeholders. 

Minimum Qualifications

  • Bachelor’s Degree from an accredited college or university
  • In lieu of a degree, a minimum of 3 years of experience in aviation operations, transportation, or similar experience would be acceptable
  • The successful candidate must be able to pass a fingerprint-based Criminal History Records Check as mandated by 49 CFR Part 1542 and will be required to obtain and maintain an airport Security Identification Display Area (SIDA) credential with Non-Movement Area Driving and Escort Privileges. SIDA access and airfield driving, and escort privileges require SIDA and airfield driver training and successful completion of a SIDA test.
  • Knowledge of contract and tenant management that includes any of the following: third party vendors, airlines, airport processes or other business partnerships.
  • Strong written and verbal communication skills. 

Desired Qualifications

 

  • Experience with SAP or familiar with similar systems in collection, interpreting, and presenting data for lease management or revenue management
  • Experience with the Port Authority’s By-Law authorization process
  • Experience writing white papers, transaction summaries, memos and/or executive level communications
  • Familiarity with air terminals and airport facilities.
  • Familiarity with lease financial and business terms related to property lease management
  • Experience using project management techniques for managing projects through completion
  • Proficiency with the Microsoft Office suite of software: Word, Excel, Power Point, and all aspects of Teams (including Planner)
  • Progressive experience in conducting or participating in lease negotiations. 

 

Selection Process

The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.

 

 

Compensation, Benefits & On-Site Collaboration Requirements:​

The Port Authority of New York and New Jersey offers a competitive benefits package and a professional environment that supports development and recognizes achievement.​ Click here for more information about benefits, our culture, and career development opportunities.​

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The Port Authority of New York and New Jersey anticipates that the actual salary offered to a successful candidate will depend on aspects such as experience, knowledge, skills, abilities, and internal factors. The expected compensation range for this role is:​

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Minimum: $79,794   Midpoint: $103,721   Maximum: $127,660​

 

In accordance with Port Authority policy, this position permits employees to work remotely a maximum of one day per week, subject to operational and business needs.

 

 

 

How to Apply: Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a resume. The Port Authority of NY & NJ welcomes veteran and military spouse applications. Only applicants under consideration will be contacted. About The Port Authority: Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than twenty three billion in annual wages and eighty billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. Equal Opportunity Employer The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer. It is the Port Authority’s policy, in accordance with the Americans with Disabilities Act (ADA) and other applicable laws, to provide reasonable accommodations to qualified persons with disabilities who are employees or applicants for employment and who request the Port Authority do so, unless providing the requested accommodation would result in an undue hardship to the Port Authority. Job applicants may request a reasonable accommodation (1) if they claim a disability is affecting the interview process, or (2) to ensure that if they are selected for a position, they can perform the essential job functions. To submit a request, please contact the recruiter or email the Human Resources Department’s Disability Accommodation Coordinator at [email protected]. The Port Authority will treat any request for Reasonable Accommodation by a job applicant confidentially.

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