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Director, Business Affairs

Unibail-Rodamco-Westfield (URW) is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at $75 billion of which 88% are in retail, 7% in offices and 6% in convention & exhibition venues, URW owns and operates 102 shopping centers worldwide. 56 are flagships in the most dynamic cities in Europe and the United States. URW centers welcome 1.2 billion visits per year. The Group has the largest development pipeline in the industry, worth $15 billion. Present in two continents and 13 countries, URW provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers.
ROLE PURPOSE
The Director, Business Affairs (DBA) creates value for the organization by negotiating best income results for the company relating to troubled retailers, including those in bankruptcy, and representing the company in any retailer litigations or disputes. The position is at the leading edge - acting front and center with what is happening in retail today and helping navigate the company to the best financial outcomes. The DBA works in partnership with the Senior Operating Managers (SOM), Operating Managers (OM), Leasing, Legal and other internal teams.
RESPONSIBILITIES & ACCOUNTABILITIES
Contribute to the strategy and execute the actions as defined in the 5-Year Business Plan.
Analyze and negotiate all multi-store rent relief amendments and kick-outs.
Drive action and decision-making through rent relief and eviction proceedings, reducing portfolio accounts receivable.
Analyze and negotiate all retailer restructuring, terminations and settlement agreements.
Represent company in multi-store retailer litigation and disputes.
Develop strong relationships with third-party restructuring firms and retailer representatives.
Determine multi-store rent relief budget and maintain quarterly forecast.
Review year-end real estate adjustments in relation to amendment activity in prior year.
Work with SOM team in relation to any national retailer gross sales audits.
Provide oversight and guidance to Leasing and OM relating to accounts receivable strategy, rent relief determination, and terminations.
Develop and train OM staff on best practices to maximize long term returns and minimize income exposure.
Prepare summaries of negotiation strategy and potential outcomes for review and present to Senior Executive team for approval.
Develop understanding of tenant health and provide proactive advice to Leasing and OM about pre-leasing related to troubled tenants and minimizing exposure.
Understand industry trends and different markets in which our assets are located.
Other duties as assigned.
KEY PERFORMANCE INDICATORS
Exceed cash flow objectives
Meet rent relief budget
Minimize legal expenses
Meet portfolio accounts receivable objective
Exceed termination and settlement income budgets
Minimize financial risk in litigation and disputes
Health & Safety goals
CORE COMPETENCIES
Drives for Results
Action oriented - taking on new opportunities and challenges with a sense of urgency, high energy, and enthusiasm all while securing and deploying resources effectively and efficiently.
Develop plans to effectively optimize work processes and initiatives.
Ensures accountability of self to meet objectives and commitments.
Demonstrates detail orientation and resourcefulness.
Thoughtful Leadership
Builds strong relationships.
Exhibits a strategic mindset.
Manages complexity to effectively solve problems while maintaining good and timely decisions that keeps the business moving forward.
Balances and manages the interests of multiple stakeholders.
People Management
Effectively builds networks/partnerships inside and outside the organization and works collaboratively with others to meet shared objectives.
Effectively conveys and communicates a clear understanding of the unique needs of different audiences.
Self Attributes
Demonstrates courage in addressing difficult issues and saying what needs to be said.
Gains confidence and trust of others through honesty, integrity and authenticity.
Operates effectively even when things are not certain or the way forward is not clear.
Demonstrates self-awareness while actively seeking new ways to grow and to be challenged.
Exhibits nimble learning through experimentation while possessing the ability to rebound from setbacks and adversity when facing difficult situations.
Situational adaptability in real time to match the shifting demands of different circumstances effectively.
Real Estate Negotiation/Experience
Negotiating expertise must represent a broad range of knowledge and skills including:
o Economic deal structure and deal investment return to the owner
o General knowledge of lease provisions and clauses
o Ability to resolve internal and external deal issues
o Strong oral, written, and listening skills
Demonstrate a strong financial acumen, including knowledge of accounting principles, budgeting & forecasting, NPV and IRR calculation
Demonstrate strong understanding of retailer balance sheets and income statement
5 years of related experience in office/shopping center/retailer roles
Demonstrated knowledge and interest in commercial real estate.
EDUCATION
B.A. or B.S. degree in Business with emphasis in Finance or Accounting preferred
Unibail-Rodamco-Westfield (URW) is an equal opportunity employer that embraces the diversity of backgrounds, perspectives, experience and skills. We offer a collaborative, innovative, achievement-focused culture with unique opportunities for growth in a global company and we evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legal protected characteristics.
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