What are the responsibilities and job description for the Manager, Joint Venture Management Operations Support position at Digital Realty?
Job Description
Position Title: Manager, Joint Venture Management Operations Support
Location: Dallas, TX, Chicago, IL, New York City, Boston, MA, or Ashburn, VA
Your role
The Manager of Joint Venture (JV) Management Operations Support will be a member of the JV investments team that consists of real estate investment professionals overseeing and supporting a portfolio comprised of approximately $10Bn. assets under management. As JV Manager you will be responsible for the coordinate the day-to-day operational and administrative support requirements of the JV (financial) management platform.
What You’ll Do
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300 facilities in 50 metros across 25 countries on six continents.
To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.
A Bit About Our Digital Team
Business Development
Our Business Development team is at the forefront of our continuing growth. We use our different market sector insights to develop effective sales strategies and work with the Sales team to implement them. Our team plays an integral part in forming long-term relationships with customers around the world, by identifying opportunities that add value and demonstrating how our solutions can meet their needs.
What We Can Offer You
Our rapidly evolving business sector offers the opportunity to be part of a courageous and passionate team who work together to understand and meet the changing needs of our global customers.
Join us and you’ll be part of a supportive and inclusive environment where you can bring your whole self to work. As part of our team, you’ll get to work with people from different business areas, challenge the way we do things and put your ideas into action. We’ll also give you plenty of development opportunities so you can build a rewarding and successful career with us.
Our Compensation Philosophy
Digital Realty offers its employees a highly competitive compensation package, excellent benefits, and an environment that recognizes and rewards your contributions. Central to our compensation philosophy is rewarding our employees for achieving the values and objectives aligned to the company's overall goals and values.
This is an exciting time to join our business so apply now and make your mark on our future.
Notes
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
Digital Realty is an equal opportunity employer, EOE/AA/M/F/Vets/Disabled. All applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability or protected veteran status, or other status protected by law or Company policy.
Digital Realty is a publicly traded company (NYSE: DLR) with investment grade ratings from all three major ratings agencies.
Please do not forward unsolicited resumes to any employee of Digital Realty and its subsidiaries. Digital Realty is not responsible for any fees related to unsolicited referrals.
Position Title: Manager, Joint Venture Management Operations Support
Location: Dallas, TX, Chicago, IL, New York City, Boston, MA, or Ashburn, VA
Your role
The Manager of Joint Venture (JV) Management Operations Support will be a member of the JV investments team that consists of real estate investment professionals overseeing and supporting a portfolio comprised of approximately $10Bn. assets under management. As JV Manager you will be responsible for the coordinate the day-to-day operational and administrative support requirements of the JV (financial) management platform.
What You’ll Do
- Review joint venture, property and development agreements and maintain program database for contractual terms, commercial requirements, consent requirements and overall compliance standards within governance and standard of care requirements for each JV.
- Own and organize JV compliance requirements including building or maintaining financial and liquidity forecasting models and establish an administrative process for keeping track of insurance, reporting and other requirements between the GP and LP(s) through partnership with other stakeholder groups.
- In coordination with the director, manager is responsible for the preparation and consolidation of the annual JV business plans, cash-flow projections, and on-going budget compliance management.
- Review and prepare capital call notices and all financial forecasts including reviewing all loan draws and monthly borrowing base models.
- Track permitting, development and budgets, ROFOs and other requirements for development and stabilized portfolios with various stakeholders including participating in regular cadence. discussions with Portfolio Management, Accounting, Design & Construction and Sales for JV projects.
- Serve as a liaison between the director and internal stakeholder groups and limited partners with respect to specific ad hoc or other operational support requirements or special projects including reviewing and processing consent request and major decision member approvals.
- Be prepared to deal quickly with unexpected issues relating to new JV formations, financings, phased development projects, closings, and other varying due diligence requirements.
- Make decisions based on best judgment and complete understanding of general procedures, company policies, JV agreements and other agreements and outside compliance requirements.
- Work independently and take the lead in completing responsibilities and the annual calendar deliverables in a timely manner. Must also be able to effectively coordinate and manage multiple due diligence tasks, competing deadlines and operational support requirements as well as to prioritize tasks.
- Bachelor’s degree in business, Accounting, Finance or Real Estate with a record of academic excellence. An advance degree, certification or training is a plus.
- 5-8 years of professional experience in similar role in an institutional setting with preference for direct experience in commercial real estate (REIT or REOC), asset management, pension fund advisor or private equity.
- A strong work ethic and ability to anticipate obstacles and propose favorable solutions.
- Able to effectively coordinate and manage multiple assignments as well as to prioritize his/her tasks and efforts.
- A strong understanding of real estate finance and fundamental concepts, including the ability to create financial and operations reports, build and manage budgeting and forecasting models, and other analyses.
- Working knowledge or understanding of Yardi, and Excel modeling. Prior experience with Argus is beneficial but not required.
- A collaborator mentality, strong enthusiasm to learn, and resourcefulness in situations with limited guidance.
- Proficiency with Microsoft products, especially Excel and PowerPoint.
- Polished communication skills with concise writing and public speaking/presentation skills are desirable for reporting to the management team and limited partners.
- The ability to think strategically and ask questions, work with data sets and numbers, and provide thoughtful, detailed analyses.
- Meticulous organizational skills with the ability to multitask and manage projects to keep teams on track with deliverables.
- Ability to work in a demanding environment, operate with a keen sense of urgency, and turn in quality work quickly, under strict time constraints.
- Interest and openness to receiving constructive feedback.
- Limited travel requirements anticipated but should be willing and able to travel periodically as needed.
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300 facilities in 50 metros across 25 countries on six continents.
To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.
A Bit About Our Digital Team
Business Development
Our Business Development team is at the forefront of our continuing growth. We use our different market sector insights to develop effective sales strategies and work with the Sales team to implement them. Our team plays an integral part in forming long-term relationships with customers around the world, by identifying opportunities that add value and demonstrating how our solutions can meet their needs.
What We Can Offer You
Our rapidly evolving business sector offers the opportunity to be part of a courageous and passionate team who work together to understand and meet the changing needs of our global customers.
Join us and you’ll be part of a supportive and inclusive environment where you can bring your whole self to work. As part of our team, you’ll get to work with people from different business areas, challenge the way we do things and put your ideas into action. We’ll also give you plenty of development opportunities so you can build a rewarding and successful career with us.
Our Compensation Philosophy
Digital Realty offers its employees a highly competitive compensation package, excellent benefits, and an environment that recognizes and rewards your contributions. Central to our compensation philosophy is rewarding our employees for achieving the values and objectives aligned to the company's overall goals and values.
This is an exciting time to join our business so apply now and make your mark on our future.
Notes
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
Digital Realty is an equal opportunity employer, EOE/AA/M/F/Vets/Disabled. All applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability or protected veteran status, or other status protected by law or Company policy.
Digital Realty is a publicly traded company (NYSE: DLR) with investment grade ratings from all three major ratings agencies.
Please do not forward unsolicited resumes to any employee of Digital Realty and its subsidiaries. Digital Realty is not responsible for any fees related to unsolicited referrals.
