Director Global Real Estate - Bristol Myers Squibb

Working with Us
Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.

Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us.

Major Responsibilities:

• Strategic Real Estate Planning
  • Assist in the development and execute operationally sound and cost-effective real estate solutions that meet the needs of BMS and support the Company’s Strategic Plan
  • Analyze the company holdings and real estate markets for actionable opportunities
  • Develop processes and communication channels to ensure alignment of Real Estate Strategies and Services with the goals and objectives of key stakeholders

•  Global Real Estate Portfolio Management
  •  Assist in leading the management and oversight of the Company’s global real estate portfolio of 151 locations in 46 countries encompassing over 15 million sq. ft. of owned/leased office, lab and manufacturing space
    • Proactive review of global current market conditions for opportunities
  • Monitor over $278M in annual rent/lease payments including the management of all domestic rent payments $168M annually) processing as well as oversight of sublease income (~$30m)
  • Maintain Data Base of Global Properties
    • Manage all critical dates
    • Develop and oversee a strategic real estate dashboard
    • Develop / refine real estate metrics portfolio metrics
  • Sustain landlord and tenant relationships
  • Year-end and quarterly financial reporting responsibilities

• Acquisition of Owned ad Leased properties Globally
  • Manage the site selection process with key stakeholders while also identifying any governmental incentive opportunities
  • Lead the negotiation of new/renewed BMS leases at all worldwide locations
  • Provide guidance and recommendations to global, regional and local site leadership based on qualitative and quantitative analysis, using appropriate analytics.
  • Establish project implementation teams by defining roles and responsibilities, and developing project timelines
    • Project teams include Legal, HR, Facilities, EHS, Security, Finance, Procurement, Engineering and External Providers such as Brokers, Lawyers, and Space Planners
    • Develop cost estimates for approval documents (CAR LAR), RAR projections and identify any local tax, regulatory or compliance implications by working closely with the centralized and local Finance and Legal organizations
  • Ensure that all real estate related documents such as Purchase & Sale Agreements and Leases appropriately protect Company interests. 

• Manage the Global Strategy and Process for the Disposal of Owned and Leased properties
  • Provide thought leadership in the development of Divestiture Strategies that optimize the company’s operational and financial goals while considering cultural norms and practices
  • Implement Strategies through efficient use of Service Providers (Brokers, Lawyers, Land Design Firms, and Planners) and Collaboration with Internal Resources such as Finance, Facilities, Legal, Procurement, Engineering, and Corporate Affairs
    • This includes sublease and lease termination execution.
  • Meet with the relevant government Agencies to ensure the appropriate exit and transition of the respective sites.
    • Where appropriate review the permitted uses and participate in any zoning change dialogs
  • Ensure that all real estate related documents such as Purchase & Sale Agreements and Leases appropriately protect Company interests

• Support the Strategy and Business Development Group with Business Merger, Acquisition and Divestiture Due Diligence
  • Review real estate assets of acquisition targets to determine financial and legal obligations/risks
  • Access and analyze potential synergies within existing BMS portfolio and Future state organization 
  • Provide contingency & scenario planning
  • Provide the necessary valuations and appraisals of owned key sites and leaseholds

• Real Estate Tax Management ($40MM)
  • Manage all actions relevant to challenging, negotiating and appealing real estate taxes for US sites
  • Align and collaborate with BMS Site Management, Corporate Affairs, Tax, Treasury and Legal to ensure acceptable outcomes

• Organizational Responsibilities
  • Identify and implement best practices/process to drive operational excellence
  • Ensure real estate related compliance to all applicable company protocols, practices, procedures and regulatory requirements
    • Direct and Lead the Approval Process for all Company related Real Estate transactions
  • Signing authority for real estate and related contracts
  • Assist in the development and deployment of the global BMS Workplace strategy to create a comprehensive energizing workplace experience while helping to change the culture of the organization
  • In partnership with Global Procurement, manage the selection of Brokers and Project Management/Design Firms

Role requirements:

• BA/BS Degree
• 10 + years' experience in personnel and process management
• Transactions experience
• Site selection and lease negotiations
• Aquisition divestitures; global experience a plus
• Workplace strategy

If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.

Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as “Transforming patients’ lives through science™ ”, every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in an inclusive culture, promoting diversity in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.

On-site Protocol

BMS has a diverse occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:

Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.

BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries toadastaffingsupport@bms.com. Visitcareers.bms.com/eeo-accessibilityto access our complete Equal Employment Opportunity statement.

BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.

BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.

If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/

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