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Executive Director Real Estate Operations

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Providence

Sep 14, 2024

Applications are closed

  • Job
    Full-time
    Expert Level
  • Real Estate & Property
    Facilities Management

Requirements

  • Bachelor's Degree - With 10 years progressive leadership experience in the field of real estate management or construction will be considered
  • Master's Degree in Business Administration, Real Estate or Finance (preferred)
  • 10 or more years of functional experience in the area of real estate/construction
  • 10 or more years of progressive leadership experience in the field of real estate management or construction (preferred)
  • Facilities management experience or certification (preferred)
  • Proven experience leading teams with diverse experience and expertise
  • Proven success in negotiation of real estate transactions (purchase and sale agreement, leases)
  • Proven track record of successful contract negotiation
  • Successful track record in the asset management of large real estate portfolios, including accountability for financial performance
  • Proven track record of either construction project management delivery, or managing project management teams
  • Ability to communicate effectively and professionally in both written and verbal forms with both internal and external customers
  • Strong knowledge of real estate, lease and construction terminology as well as applicable laws
  • Strong knowledge of building and facilities management
  • Highly organized and demonstrated ability to prioritize
  • Understanding of acquisitions, entitlements and the due diligence process
  • Comfortable presenting to Board-level audience to include business case presentation and negotiation
  • Ability to analyze and interpret financial data
  • Strong verbal communication and listening skills
  • Ability to lead/manage others
  • Demonstrates excellent judgment and decision-making skills
  • Maintains a high degree of professionalism.

Responsibilities

  • Recruit, hire and manage leadership team over real estate, facilities, construction security, EVS and Home and Community Care staff within the region.
  • Partner directly with Regional executive leadership to define and implement regional strategies.
  • Build and maintain relationships with service area and ministry leadership teams to ensure RESO services are exceeding all expectations.
  • Communicate and prioritize implementation of system wide RESO standards for operations, asset management and productivity by service.
  • Ensure on-time and on-budget delivery of projects.
  • Support capital and resource analysis and request management.
  • Responsible for both strategic and financial performance of real property assets portfolio.
  • Responsible to lead and sustain standards for construction, design, facilities and EVS and portfolio returns.
  • Responsible to represent RESO to the region’s specific leadership, strategy or other councils, as appropriate.
  • Accountable for the financial performance of all owned, managed and leased sites in their region. Industry standard financial reporting will to be provided monthly and annually, including cash flows as applicable.
  • Participates in the master plan process for the acute care facilities and the accompanying ambulatory strategy. Responsible for representing organization with local and state agencies.
  • Accountable for evaluation, selection and acquisition, and disposition of owned and leased sites consistent with regional and system strategic goals.
  • Responsible for ensuring policies and standards for construction projects are consistent and adhered.
  • Accountable for the leasing and management of all owned and leased facilities within region (with the exception of acute care facilities).
  • Responsible for the oversight of the satellite operations including JCAHO/CMS standards as applicable to hospital licensed space and ensures that policies and procedures that govern this area of accountability are established and adhered.
  • Accountable for lease negotiations and ensures that leases are consistent with system standards and policies as well as Stark Laws and bond finance rules (i.e. tainted space).
  • Responsible for local vendor selection adhering to set system standards and policies.
  • Accountable for submitted capital actions plans for budgeted year. Prioritizes, approves and tracks capital funding for tenant improvement projects and equipment.
  • Must be able to travel not only throughout region but across the system as needed.

FAQs

What is the primary responsibility of the Executive Director of Real Estate Operations?

The primary responsibility is to provide leadership for Real Estate Strategy and Operations (RESO) services at the regional level, ensuring standards for real estate, construction, facilities, security, EVS, and Home and Community Care are adhered to while aligning real property assets with the strategic goals of the region and the system.

What qualifications are required for this position?

A Bachelor's Degree is required, and a Master's Degree in Business Administration, Real Estate, or Finance is preferred. Additionally, 10 or more years of functional experience in real estate or construction, as well as progressive leadership experience in these fields, is necessary.

What kind of experience is preferred for candidates applying for this role?

Preferably, candidates should have facilities management experience or certification, proven success in negotiation of real estate transactions, a successful track record in asset management of large real estate portfolios, and experience in construction project management delivery or managing project management teams.

Will the Executive Director need to travel?

Yes, the position requires travel throughout the region and possibly across the system as needed.

What is the estimated market value of the real estate portfolio managed by this role?

The portfolio's market value is estimated at $10 billion.

What benefits are offered to employees at Providence?

Providence offers a comprehensive benefits package including a retirement 401(k) Savings Plan with employer matching, health care benefits (medical, dental, vision), life insurance, disability insurance, paid time off benefits, and voluntary benefits, among others.

How large is the real estate portfolio the Executive Director will oversee?

The real estate portfolio includes approximately 21.1 million square feet of non-acute managed space, 645 assets, over 2,400 leases, and 19.6 million square feet of acute care across 50 facilities.

What is the pay range for this position?

The pay range for the Executive Director of Real Estate Operations is $78.23 to $141.35 per hour.

What essential functions will the Executive Director perform?

Key functions include recruiting and managing the leadership team, implementing regional strategies, ensuring on-time project delivery, overseeing financial performance, managing real estate assets, and representing RESO within regional leadership.

What type of leadership experience is expected for this role?

Candidates should have at least 10 years of progressive leadership experience specifically in real estate management or construction.

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Providence

Science & Healthcare
Industry
10,001+
Employees
1856
Founded Year

Mission & Purpose

Every day, 119,000 compassionate caregivers serve patients and communities through Providence St. Joseph Health, a national, Catholic, not-for-profit health system, driven by a belief that health is a human right. Rooted in the founding missions of the Sisters of Providence and the Sisters of St. Joseph of Orange, courageous women ahead of their time who brought health care and other social services to the American West when it was still a rugged, untamed frontier, we share a singular commitment to improve the health of all. From our earliest days, we’ve met new challenges by pioneering new solutions. Today, with 51 hospitals, 829 clinics and a comprehensive range of services, we strive to meet the needs of communities across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington through a diverse family of Catholic, other faith-based and mission-driven secular organizations. Now, as we face a new frontier—a changing health care landscape—we draw upon their pioneering and compassionate spirit to plan for the next century of health for a better world, especially for the poor and vulnerable.

Culture & Values

  • Compassion

    We reach out to those in need and offer comfort as Jesus did. We nurture the spiritual, emotional and physical well-being of one another and those we serve. Through our healing presence, we accompany those who suffer.

  • Dignity

    We value, encourage and celebrate the gifts in one another. We respect the inherent dignity and worth of every individual. We recognize each interaction as a sacred encounter.

  • Justice

    We foster a culture that promotes unity and reconciliation. We strive to care wisely for our people, our resources and our earth. We stand in solidarity with the most vulnerable, working to remove the causes of oppression and promoting justice for all.

  • Excellence

    We set the highest standards for ourselves and our ministries. Through transformation and innovation, we strive to improve the health and quality of life in our communities. We commit to compassionate, safe and reliable practices for the care of all.

  • Integrity

    We hold ourselves accountable to do the right things for the right reasons. We speak the truth with courage and respect. We pursue authenticity with humility and simplicity.