Transaction Services Manager

Job description

NEWMARK

About Newmark (Nasdaq: NMRK)

Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or

KNIGHT FRANK

Together with London-based partner Knight Frank and independently owned offices, our 18,000 experts operate from more than 480 offices around the world. Our long-standing alliance with Knight Frank gives us a global platform and international insight, effectively serving owners, investors, developers and financial institutions across six continents.

JOB DESCRIPTION:

The Transaction Manager services current and new accounts by coordinating and monitoring various transaction activities and will work with internal departments to manage purchase, sales and lease transactions. The Transaction Manager will also serve as the in-house point-of-contact for clients, brokers, and others to collect or to provide information on all account transactions.

ESSENTIAL DUTIES:

* Maintain Newmark brand, product, office, and client messaging and consistency by applying templates to produce marketing materials to include; flyers, proposals, tour books, touch pieces, maps, floor plans, qualification packages, and market surveys.
* Coordinate with Account Manager to align transactions with the client's real estate objectives.
* Collaborate with assigned business units/regions to understand and support operational requirements and expansion or contraction of the business.
* Implement the transaction process to complete seamless transactions on behalf of the client and in accordance with client's processes and procedures.
* Source and manage third party brokers/service providers where required.
* Act as the liaison between the landlord, local broker, Account Manager and Business Unit/Regional Real Estate Director.
* Assist the Account Manager in the execution of Corporate Real Estate (CRE) portfolio strategy through lease renewals, new leases, sub-leases, lease terminations and land & building purchase and sales.
* Prepare, review, analyze, and interpret financial analysis templates including book and cash flow projections, NPV (net present value), and/or IRR (internal rate of return) to determine the financial impact and economic value of multiple transaction scenarios.
* Coordinate and execute all steps surrounding transactions including the completion of project initiation sheets, market surveys, client tours, RFPs, counterproposals, LOI, broker's opinions of value and test fits to lease execution and project closeout.
* Maintain all transaction and forms files. Prepare reports and makes presentations to relevant parties. Prepare follow up letter to brokers and clients as required.
* Monitor and maintain a real estate project tracking system to ensure timely transaction completion.
* Negotiates leases and lease amendments. Monitors lease expirations. Negotiates lease renewals within prescribed timeline.
* Serve as liaison with clients relative to administrative matters, including obtaining executed lease copies, scheduling meetings, and being available to respond to inquiries or receive new assignment requests.
* Review commission calculations with brokers, prepare deal sheets summarizing terms of transaction, and track commission payments and annual commission income reports.
* Prepare project close-out files for all completed transactions, including all transaction documents, list of project contacts, lease abstract, executed lease/agreement, and activity log.
* Track project travel expenses.
* Attend selected client meetings.
* Train and assist other employees in the set-up and management of accounts.
* May lead project teams and/or plan and supervise assignments.
* Continually stays informed of local, national and global real estate trends and innovation.

SKILLS, EDUCATION AND EXPERIENCE:

* Undergraduate degree and/or advanced degree and experience in related discipline (business, accounting, finance, real estate or law).
* Minimum of three years corporate or commercial real estate (or related) experience.
* Strong financial acumen (NPV, IRR, etc.).
* Advanced financial modeling skills using Microsoft Excel.
* Understanding of legal and financial aspects of a transaction process.
* Demonstrated client relationship management.
* Strong written and oral communication skills (analytical and report writing) necessary.
* May perform other duties as assigned.
* Active Real Estate license is required

WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements

NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.