Vice President, Development

3 weeks ago

Old Toronto, Canada Sportchek Full time
Vice President, Development & Real Estate Operations

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Location: Toronto, ON

Time Type: Full time

Posted On: Posted Yesterday

Time Left to Apply: End Date: November 15, 2024 (13 days left to apply)

Job Requisition ID: JR141086

What you’ll do

This position is responsible for leading the Company’s real estate development and real estate operations function. The Vice President, Development & Real Estate Operations is a customer-centric, results-driven, people leader who will be responsible for overseeing all aspects of our real estate development projects as well as managing our portfolio of properties.

The successful candidate will oversee the execution of development projects, meeting timelines, budgets, and quality standards, contribute to the profitability of the enterprise by identifying real estate opportunities, managing project budgets effectively, and optimizing property management practices to minimize expenses. The VP will contribute to the growth of Canadian Tire by overseeing the real estate portfolio through acquisitions or divestitures, ensuring a diversified and profitable property portfolio.

  • Develop and execute the company's real estate development strategy for retail stores, including identifying new opportunities for all of CTC’s retail banners.
  • Conduct market research and analysis to identify potential store development projects and assess their feasibility.
  • Lead the due diligence process for prospective projects, including financial analysis, risk assessment, entitlements, and permits.
  • Collaborate with cross-functional teams to prepare project proposals, including site selection, design, financing plans, and construction schedules.
  • Manage relationships with external stakeholders such as architects, engineers, contractors, and regulatory authorities to ensure successful project execution.
  • Oversee the forecasting of the annual capital plan for all retail store projects.
  • Develop and implement a comprehensive property management strategy for the company's portfolio of properties.
  • Monitor rental rates and market trends to optimize property occupancy rates and rental income.
  • Ensure compliance with all applicable laws, regulations, and industry standards related to property management.
  • Oversee the Environmental Services team to minimize the corporations’ risk when dealing with environmental issues associated with the operation of Canadian Tire stores.
  • Work closely and manage the relationship with CT REIT on a variety of strategic initiatives related to the real estate portfolio.
  • Manage the entitlement and disposition processes of high-value Trophy Properties.

What you bring

  • Minimum of 10 years of progressive experience in real estate development and real estate operations.
  • Retail industry experience is an asset.
  • Bachelor's degree in Real Estate, Business Administration, or a related field.
  • Proven track record of successfully managing large-scale development projects from inception to completion.
  • Strong financial acumen and experience with project budgeting and financial analysis.
  • Excellent negotiation skills with the ability to manage complex agreements and contracts.
  • Exceptional communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders.
  • Strong leadership abilities, with a track record of managing high-performing teams.
  • A solid background in real estate development and real estate operations, with a track record of successfully managing large-scale projects from inception to completion.
  • The ability to think strategically and identify new opportunities for real estate development or property acquisitions.
  • Strong attention to detail and problem-solving abilities to navigate complex contracts, permits, and potential challenges.
  • Ability to adapt to changing market conditions, handle setbacks or obstacles with resilience, and find creative solutions to overcome challenges.

Hybrid Work Model

We value flexibility. We have adopted a hybrid work model whereby employees use a combination of working in the office and virtually in service of outcomes. Each leader is empowered to decide what work is best achieved in person based on the unique needs of their team.

About Us

Canadian Tire Corporation, Limited (“CTC”) is one of Canada’s most admired and trusted companies. We dream big and work as one to innovate with purpose for our customers at every level of our business. We offer competitive salaries and wages, store discounts, supported learning, and retirement and savings programs for eligible employees. Join us in helping to make life in Canada better through living and working our Core Values.

Our Commitment to Diversity, Inclusion, and Belonging

We are committed to fostering an environment where belonging thrives, and diversity, inclusion, and equity are infused into everything we do. We believe in building an organizational culture where people are consistently treated with dignity.

Accommodations

We welcome and encourage candidates from equity-seeking groups. Should you require any accommodation in applying for this role, or throughout the interview process, please make them known when contacted, and we will work with you to help meet your needs.

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