Iron Mountain Global Real Estate – Senior Manager, Real Estate Operations in Boston, Massachusetts

Overview

Founded in 1951, Iron Mountain Incorporated (NYSE: IRM) is the global leader in storage and information management services. Iron Mountain is committed to storing, managing and transforming what our customers value most, from paper records to data to priceless works of art and culture. Providing a full suite of solutions – records and information management, data management, digital solutions, data centers and secure destruction – Iron Mountain enables organizations to lower storage costs, comply with regulations, recover from disaster, and protect their data and assets from a complex world. Visit the company website at www.ironmountain.com for more information.

Iron Mountain enables 94% of the Fortune 1000 to smartly and securely manage their physical and digital information assets. With unmatched innovation and collaboration, our teams create information management solutions for our customers’ data, no matter what format, location or lifecycle stage it’s in and no matter where it’s kept. We are more than 17,000 people strong and growing. We’ve been a trusted records management leader since 1951.

Iron Mountain is an equal opportunity employer, and does not unlawfully discriminate on the basis of race, color, religion, sex, national origin, marital status, age, sexual orientation, gender identity characteristics or expression, disability, medical condition, U.S. Military or veteran status or other legally protected classifications in making employment decisions.

Responsibilities

The Global Real Estate (GRE) team supports the business by delivering project management services, leasing and transaction services, lease administration and facility management services. In addition GRE provides strategic portfolio planning support to the business through its Real Estate Operations function which is charged with leveraging all the functional expertise and analytical capabilities of GRE to deliver value added strategies for portfolio cost control, transparency in financial results, their drivers and metrics and efficiency of our decision support process.

The Senior Manager Real Estate Operations will be a key support role for the various GRE functions that directly support IRM. The position will report to the Vice President of Global Real Estate.

For North America (NA) and Western Europe:

  • Be the primary contact point between GRE and the NA Finance team in regards to occupancy cost planning, budgeting, forecasting and variance analysis. Provide answers to all ad hoc financial questions as needed.

  • Create and maintain a working portfolio model for NA and WE that tracks all active buildings, their lease terms, options, costs, associated FM costs, utilities, etc., for utilization in real time for portfolio planning, analysis and metrics.

  • Be responsible for research (on proper accounting) relating to capital leases, sales, purchases, tenant improvements, subleases, Real Estate facility GL coding and other real estate related transactions.

  • Assist with the 5 year portfolio planning process by analyzing the impact of all decisions on a non-cash expense basis

  • Work closely with the Client Solutions and Planning team on the preparation of the monthly executive reporting package for North America, providing all financial information.

  • From a financial perspective, manage the CBRE team with the month end closing activity of the NA FM function. This includes accruals, forecasting, reporting and variance analysis.

For the REIT

  • Oversee the REIT measurement and product allocation process. This includes identifying and tracking new space, coordinating measurement work, maintaining the allocation database and adjusting as Qualified REIT Subsidiary (QRS)/Taxable REIT Subsidiary (TRS) business lines change and shift. Coordinate all changes with the Transactions Management team to adjust product line sub-leases as needed.

  • Oversee tracking and reporting from a product line allocation perspective. Provide resource and assistance for the loading of said budget into the appropriate Hyperion model.

  • Liaise with Corporate Tax on an as-needed basis with respect to any items that may impact portfolio planning or REIT status (such as the annual REIT asset test) or monthly financial results.

For Corporate GRE

  • Be the primary point of contact for the Corporate Accounting group assisting them with all accounting activity as it relates to the RE portfolio. Meet with them on a regular basis to review accounting issue status and close activities.

  • Manage the GRE corporate P&L. This includes working with the VP of Real Estate on all budgeting and forecasting activities. Monthly reporting and variance analysis to the GRE senior team. Decision support on expense management and coordination with the Corporate FP&A group.

  • As necessary, support the move to a global lease controllership structure in Corporate Finance organization.

  • Play a lead role in the oversight of CBRE with respect to lease administration and the Tririga system maintenance

  • Assist the NA project management team in the impact analysis of all capital projects on leased occupancy financial classification or cost.

Qualifications

  • Bachelor’s degree in business, real estate finance, finance/accounting, or other related area is required. Graduate degree in a related field is preferred.

  • Requires a minimum of 5+ years of broad business experience that has resulted in applicant having an understanding of accounting, real estate finance or business finance. Experience in real estate valuation methodologies and modeling experience strongly preferred.

  • Career progression should have exposed applicant to increasingly complex analysis. .

Skills and Competencies:

  • Experience with Oracle and Hyperion is a must

  • Excellent client service and relationship building skills.

  • A thorough analytical approach to problem solving

  • Ability to understand complex integrated systems and to see patterns in data

  • Excellent initiative management skills

  • Ability to multi-task across many high priority and time sensitive deliverables

  • Demonstrated ability to manage complexity and to identify conflicting priorities that may need senior management to de-conflict

  • Able to identify the tactical requirements necessary to achieve strategic objectives

  • Excellent verbal and written communication skills in order to interface effectively with clients, co-workers and senior management.

  • Ability to help managers influence outcomes through an approach that combines strong analytical presentations and appropriate communication.

  • Strong organizational and interpersonal skills.

  • Ability to work both independently and within a team environment.

  • Ability to manage conflict constructively and effectively.

  • Success at working in a matrixed management environment.

  • Collaborative approach to problem solving

  • Tenacious, and diplomatic and the ability present confidently

  • Good active listening skills

  • The highest level of personal and professional integrity

Compliance Obligations:

It is the responsibility of every Iron Mountain employee:

  • to comply with all applicable laws, rules, regulations, and company policies

  • to exhibit ethical behavior in accordance with our Code of Ethics and Business Conduct

  • to complete required training within the allotted time frame

Iron Mountain is an equal opportunity employer, and does not unlawfully discriminate on the basis of race, color, religion, sex, national origin, marital status, age, sexual orientation, gender identity characteristics or expression, disability, medical condition, U.S. Military or veteran status or other legally protected classifications in making employment decisions.

Requisition # 2018-16990

Category Real Estate

Type Full-Time

Work From Home (Virtual) No