Manager, Real Estate
Real Estate Manager, Pandora NAM
As the largest jewellery brand in the world, we a give a voice to millions of people’s loves every day. Our beautiful products empower people all around the world to express themselves. We are proud to be part of their stories and the most important moments in their lives.
Where original thinking is welcomed, and can turn into positive impact in a heartbeat, we can dream big, dare to act, and deliver with care and passion. At Pandora where you can each craft far more than just an incredible career.
About the Team:
The role of Real Estate Manager, in partnership with the Director, Real Estate, will focus on the maintenance of the Pandora corporate retail store portfolio though the process of identifying and evaluating new store locations, negotiate lease renewals, extensions and negotiations,.
The Real Estate Manager will focus on enabling long term growth, optimizing the existing store portfolio, and negotiating deals with Landlords to support Pandora strategic initiatives.
In order to achieve success in this role, it is essential that the Real Estate Manager build and maintain strong internal cross functional and landlord relationships, are business-minded and have strong financial acumen. They should also have a flexible mindset, the ability to think outside of the box and build processes.
Your Role as a Real Estate Manager:
• Supports growth strategy by developing and maintaining the road map for a geographic region, ensuring that full potential of the region is identified and mapped.
• Identifies and recommends new store site selection through developing a business case that takes market strategy, location requirements and data-based targets for sales, rent and profit into consideration
• Supports new store openings from lease term negotiation through final lease execution.
• Negotiates lease renewals for existing stores, to include but not limited to lease terminations, extensions and rent reductions.
• Coordinates with cross functional teams (i.e. construction, legal, retail, merchandising, finance) before finalizing negotiations.
• Prepares Investment Proposals for NAM and Global approvals.
• Mange rent targets and execute final approved terms.
• Maintains knowledge of competitive landscape, ensuring that Pandora’s portfolio of stores are in commercially competitive areas
• Tracks performance of new stores and rebuilds in partnership with finance and operations
Craft your career with us if you have:
• 3 to 5 years’ experience in commercial real estate leasing for a national retailer. Global retailer experience a plus.
• Strong financial acumen – a strong understanding of P&L and ability to relate profit, loss and added value to own work and the whole organization.
• Business minded - uses insights gained from internal and external sources and data to make informed decisions and proposals.
• Driven by achieving goals that contribute to long-term business growth and results of the company.
• High level of comfort with ambiguity and working in the “gray”
• Ability to work at a fast pace with multiple competing priorities.
• Demonstrates flexibility and the ability to quickly adapt to change in the work environment.
• Recognizes the importance of professional relationships cross functionally and with landlords, and proactively seeks out individuals to meet deliverables
• Exhibits a natural curiosity of how things are and explores how things could be improved.
• Ability to represent Pandora in a positive light, with values in mind, to current and potential business partners.
• Works well autonomously and is a team player.
• Excellent verbal presentation and written communication skills
• Proficiency with Microsoft Office
Travel: Up to 50%. As needed to corporate office and travel to identified markets for new store growth and review of existing stores for renewals.
Our Benefits:
• We Dare! We offer robust compensation package including base and bonus, a 401K plan to help you secure your financial future
• We Care! Pandora offers extensive benefits including: Medical, Dental, Vision, Short/Long Term Disability, Basic Life and AD&D, anniversary gift cards, recognition program and product discounts!
• We Dream! Pandora is fostering growth and crafting opportunities to support the business needs which learning and development programs, continuous feedback, LinkedIn learning, tuition reimbursement and more
• We Deliver! PTO Package including: Vacation, Personal, Sick, Birthday, Celebration days and Paid Holidays
Chicago Salary : $111,200.00 - $139,000.00 commensurate with experience
About Pandora:
Pandora designs, manufactures, and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,700 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated a revenue of DKK 23.4 billion in 2021.
Pandora’s recruitment procedures are designed to be transparent and clear for all candidates. This helps us ensure that applicants are provided with a fair and equal opportunity to demonstrate their competencies and skills by removing blocking factors, possible biases, and risks of discrimination. We encourage everyone applying to our vacancies to refrain from adding identity-related elements such as a photo, marital status, and age.
About Pandora NAM:
The Pandora North America team in the USA & Canada consists of more than 115 employees working at our offices in New York & Baltimore, more than 80 in our Logistics Center in Columbia, Maryland, an additional 100 in field positions, and more than 3,900 in our owned and operated stores.
Today, the USA is Pandora’s single largest market. The Pandora North American region as a whole encompasses over 1,400 points of sale, including over 420 concept stores, with more than 300 being owned and operated by Pandora.