Travelers Looking for Regional Director, Corporate Real Estate at Hartford, Connecticut Full Time

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$120,900.00 – $199,500.00

Target Openings

1

What Is the Opportunity?

The Regional Director, Corporate Real Estate directs complex corporate real estate activities within an assigned portfolio. May manage the daily activities of a small team. Supports business operations through the delivery of real estate solutions at optimal cost. Responsibilities include: Negotiating of complex leases for the establishment, renewal, termination, subleasing, expansion, downsizing, and/or relocation of field offices over a geographically diverse portfolio. Overseeing and managing facilities operations at owned locations. Management of all aspects of facility operations, interior design, tenant construction, furniture installation and move-in activities involving new or existing facilities, as assigned. Requires extensive personal interaction with business unit leadership, as well as third party service providers.

What Will You Do?

• Determines office space requirements based on staffing projections and business plans.
• Oversees brokers and does market research to identify suitable office locations.
• Analyzes financial, demographic, and suitability aspects of available alternative sites.
• Prepares suitable presentation materials and presents alternatives to appropriate senior management.
• Prepares final recommendation narrative and financial analysis of alternative sites to senior leadership.
• Utilizes independent decision-making skills to negotiate lease terms, document language, and related issues to obtain the most favorable agreement available for the corporation.
• Utilizes appropriate resource personnel, including broker and legal support, as needed.
• Manages Facility Management operations.
• Manages third-party facility and project management staff involved with the facilities operations, design, construction, and move activities, as assigned.
• Manages the leasing schedule and budget process to provide optimal cost savings for the organization.
• Identifies opportunities to reduce unneeded space and manages the disposition process of same.
• Collaborates with management in other departments such as IT, Legal, Human Resources, Security, etc. as needed to perform facility, leasing and project management responsibilities.
• Assists leadership with reporting and other projects, as assigned.
• Supports the Operational Response Team as necessary during crisis management events.
• Conducts complex financial/business analysis including the preparation of financial presentations.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree with concentration in business administration, real estate, finance or related field preferred.
• Advanced ability to forecast and prepare budgets.
• Thorough knowledge of financial terms and principles.
• Advanced analytical skills, oral and written communication skills.

What is a Must Have?

• Minimum 7 years’ experience in Commercial Real Estate, Facilities Management or related field required.
• 4+ years’ experience in, or exposure to, the disciplines of Real Estate and Real Estate Law, Space Planning, or Facilities/Property Management is required.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.