Real Estate Development Manager

Location: 

Vancouver, BC, CA, V6B 0M3

Req ID:  41733
Jobs by Category:  People & Culture, Finance and Corporate Affairs
Job Function:  Procurement, Supply Chain & Real Estate
Status:  Full Time
Schedule:  Regular

Description

 

JOIN OUR TEAM


TELUS is continuing its growth through the strategic development of real estate assets throughout Canada. We take great pride in building, owning and operating best in class, award winning buildings. The Real Estate team manages the strategic real estate requirements for a national portfolio of significant buildings found across the country. This team has boundless energy, creativity, internal customer focus and business smarts as we kick-start and advance the next wave of our innovative, high performance, sustainable development portfolio.

 

Here’s the impact you’ll make and what we’ll accomplish together 


Reporting to the Director of Real Estate Development, the Real Estate Development Manager will be responsible for coordinating key aspects of the development process, having a primary focus on multi-year redevelopments throughout BC.


The Real Estate Development Manager has the ultimate responsibility as the owner’s representative and guiding the development project from conception through completion, ensuring that each development represents TELUS’ interests and meets or exceeds the financial goals of the project. 
These development initiatives may be in the multi-family residential, commercial or industrial asset type of minimum $50M value and anticipated to be multi-year ventures, with significant design, technical, project management and financial intricacies.  

 

Here’s how you can be part of our journey

 

  • Financial Management:
    • Working with a broad internal team, evaluate and establish project objectives in order to maximize the use of property and return on investment 
    • Coordinate and arrange broad scope due-diligence and feasibility studies, as required, utilizing appropriate consultants where necessary to determine market characteristics and critical attributes of the physical site, as they relate to revenue and cost projections
    • Facilitate, support and monitor the development effort to ensure that project’s performance and financial objectives are satisfied
    • Oversee and monitor construction of the redevelopment including overall development budgets and construction draw requests
  • Feasibility, Planning and Design:
    • Review and analyze projects with similar characters in order to determine and improve upon key components of a successful development. 
    • Evaluate design alternatives, reviewing options with appropriate leasing and development staff and joint venture partners, if applicable.  
    • Working independently or in association with joint venture partners, evaluate and identify the appropriate consultants for each project through networking and solicitations for proposals. 
    • Supervise and guide design consultants and engineers from conceptual drawings through construction documents, including consulting contract negotiations
    • Oversee the development manager’s efforts related to the process of determining required entitlements and obtaining all related approvals.
    • Oversee the deliverables necessary to support the project approval process at multi-government levels, including municipal and provincial approvals as well any presentations to Design Review Boards, Planning Commissions, City Councils and community groups to help advance the projects.
    • Facilitate evaluation of the project design by senior management, operations, communications and marketing teams in order to ensure that the interests of each group are satisfied, progressing through the development process as key milestones (entitlements, pre-leasing, financing, etc.) are achieved.
    • Establish, monitor and drive the project schedule in order to meet specified goals

 

Technical:

    • Interface with in-house team members from concept studies through bid documents, performing ongoing cost analyses in order to accurately determine the project cost and identify the most cost efficient construction means, materials and methods and the related schedule
    • Work through technical intricacies around any existing uses on site at proposed development locations that may require relocation or decommissioning prior to development activities being advanced
    • Supervise and approve all design decisions necessary to maximize the aesthetic, sustainability, performance and technical benefits that the project can deliver, while still maintaining the overall efficiency, while minimizing cost
    • Facilitate and monitor tenant design and construction effort to ensure that the project development and design objectives are satisfied
    • Maintain and enhance professional skills, abilities and relationships in the multi-family residential, commercial, and industrial industries
    • Supervisory & Partnerships
    • Manage multiple consultants and internal cross-functional teams as one of the key leaders within the project delivery team
    • Develop and manage the relationship with our development partners and key service providers to ensure that the project’s objectives are always paramount, while ensuring a productive relationship with all stakeholders
  • Thought Leadership:
    • Pro-active approach - Identify the impact of external situations (i.e. moves from the competition, industry trends, etc.) before the impact occurs and make recommendations on how to respond
    • Use seasoned judgment, critically evaluate the costs, risks, and benefits of alternatives to resolve problems and make decisions
    • Make timely, fact-based decisions that balance analysis with decisiveness
    • Drive execution & continuous Improvement.
    • Remove obstacles and redirect efforts in order to move work forward
    • Ensure a level of trust, respect, and strong relationship-focus with government officials, citizen groups, development partners, key project members and internal stakeholders
  • Delivering Results and Value: 
    • Build organizational relationships and facilitate positive resolution of difficult circumstances to enhance relationships and promote teamwork
    • Lead Boldly – Entrepreneurial Leadership
    • Convey a strong sense of urgency through driving issues to closure in positive, inspiring ways; create a “pull”, rather than a “push”
    • Champion cross-functional capability- Actively build collaborative partnerships with others across functions, cultures, and organization boundaries including with the joint venture partner
    • Deliver financial results and rake ownership for agreed upon results and deliverables

 

 

 

Qualifications

 

You’re the missing piece of the puzzle  

 

  • 10-15 years of experience as the development lead on significant real estate projects (project value $50M or more) with preference for experience in mixed-use, multi-family and retail projects
  • Direct working knowledge to real estate arrangements including joint venture and equity investment ventures will be preferred for this role
  • Must understand principles of real estate development, design, finance, and construction
  • Sound understanding of the Canadian real estate and development industry is required for this role
  • Strong project management skills, with a Project Management Professional (PMP) designation preferred
  • Excellent negotiation and organizational skills
  • Must possess the ability to influence and create alignment across multiple functional areas and partnerships with sometimes conflicting needs
  • Must be able to work independently with limited direction and have flexibility to react quickly in a dynamic business environment
  • Strong networking, communication, organizational and leadership skills
  • Bachelor’s degree with an emphasis on finance, architecture, engineering, design, or urban planning

 

Great-to-haves

 

  • Real estate, law, project management, architecture or engineering certifications or licenses will be considered valuable assets for the role

 

 

Salary Range:  $94,000-$140,000
Performance Bonus or Sales Incentive Plan:  15%

Actual total compensation will be determined based on factors such as knowledge, skills, performance and experience. In addition, TELUS offers rewarding benefits, which may vary per job function, such as:

  • Comprehensive total rewards package highlighting competitive salary and bonus structures, minimum 3 weeks of vacation, and flexible benefits plan to meet the needs of you and your family
  • Flexibility to work in-office, virtually or a combination of both
  • Generous company matched pension and share purchase programs
  • Opportunity to give back to communities in which we work, live and serve
  • Career growth and learning & development opportunities to develop your skills
  • And much more …

A bit about us

We’re a people-focused, customer-first, purpose-driven team who works together every day to innovate and do good. We improve lives through our technology solutions and foster a culture of innovation that empowers team members to solve complex problems and create remarkable human outcomes in a digital world. 

You’ll find our engaging, high-performance culture personally fulfilling, professionally challenging, and financially rewarding. We’re committed to diversity and equitable access to employment opportunities based on ability. Your unique contributions and talents will be valued and respected here. When you join our team, you’re helping us make the future friendly.

Note for Quebec candidates: if knowledge of English is required for this position, it is because the team member will be asked, on a regular basis, to interact in English with external or internal parties or to use English applications or software as part of their tasks.

 

 

 

 

People & Culture, Finance and Corporate Affairs

Across People & Culture, Finance and Corporate Affairs, we are the diverse and talented team responsible for making sure TELUS is managed as a world-leading organization. ​

We are honoured to be recognized

82%
2023 engagement score

140,000+
Team members worldwide

12
# of years voted One of Canada’s Best Corporate Citizens

Accessibility

TELUS is proud to foster an inclusive culture that embraces diversity. We are committed to fair employment practices and all qualified applicants will receive consideration for employment.

We offer accommodation for applicants with disabilities, as required, during the recruitment process.