Job Description / Duties

Requisition ID: 33420

Main Purpose and Function

This position is responsible for property negotiations involving the leasing, management, acquisition and sale of real property as it relates to the City's immediate and long-term real estate requirements, and the support of City Council priorities and initiatives. This position will be working as part of the Real Estate Services team on the City's portfolio of properties.

Specific Duties and Responsibilities

Working under the guidance of the Supervisor of Property Negotiations, the Property Negotiator II is responsible for preserving and improving the City's real estate asset base through the marketing and leasing of City-owned space, regular rent reviews, proactive asset management, preventative maintenance and cost saving strategies and the recommendation of strategic property acquisitions and management initiatives.

The incumbent will negotiate leases, acquisitions, partial takings and dispositions on behalf of the City, along with undertaking in-house real estate appraisals and valuations for a variety of purposes. Specific duties shall also include the negotiation of use clauses, material contractual terms and related matters, lease renewals, operating agreements, drafting offer to leases and commercial leases, being the point-of-contact for tenants and liaising with tenants and internal departments on contractual obligations; the preparation of budgets, operating cost reconciliations and recoveries, and analysis of market trends.

This position contributes to the management, administration and valuation of a diverse and intricate portfolio of commercial, industrial and residential real estate assets to ensure a sustainable market-supported revenue source to the City, while commensurately supporting the City's public objectives.

Qualifications / Required Skills

Qualifications

Education and Experience:

-Diploma in Urban Land Economics or related discipline or completion of a recognized certification program (appraisal option) and considerable experience in real property appraisal and negotiation work, or an equivalent combination of training and experience.
-Eligibility for certification as an Accredited Appraiser Canadian Institute (AACI), Certified Residential Appraiser or with the Real Estate Institute of British Columbia (RIBC), or an equivalent designation.

Knowledge, Skills and Abilities:

-In-depth knowledge of property valuation, current realty values, construction costs, market trends, major civic and private development projects, mortgages and leases.
-Ability to successfully meet and negotiate with property owners or their representatives and deal with tenants, realtors, business and legal representatives, contractors, architects, committees and the general public.
-Ability to perform complex appraisal tasks and to negotiate with property owners for the acquisition, expropriation, sale, development, lease and rental of land.
-Ability to prepare detailed technical reports related to all types of property and to prepare and monitor project budgets.
-Ability to draft Offer to Leases and commercial leases
-A strong understanding of commercial lease clauses and capable in interpreting complex leases
-Experience in commercial real estate leasing and transactions
-Good problem solving and analytical skills.
-Experience in property or asset management
-Excellent communication skills to deal tactfully with property owners, tenants, realtors, civic staff, committees and the business community.
-Familiarity with current business software.
-Ability to perform work with minimal supervision.
-Must be able to exercise sound independent judgement and handle a complex workload with changing priorities.
-Ability to reconcile operating costs and recoveries

Driver's License and Record Checks:

-Driver's License for the Province of British Columbia. The license must not include any restrictions that would affect the ability to legally and safely carry out job responsibilities. Transportation arrangements must meet the operational requirements of the department.

Additional Information

Business Unit/Department: Real Estate and Facilities Management

Affiliation: CUPE 15 Non Pks

Employment Type: Regular Full Time

Position Start Date: November, 2021

Salary Information: Pay Grade 30: $48.64 to $57.59 per hour



Application Close: October 17, 2021

At the City of Vancouver, we are committed to recruiting a diverse workforce that represents the community we so proudly serve. Indigenous applicants, people of colour, all genders, LGBT2Q+ and persons with disabilities are encouraged to apply. Accommodations will be provided upon request during the selection process. Learn more about our commitment to diversity and inclusion.



Before you click Apply now

Once you start your application you can save your work and leave the applications page, however please remember to submit your profile to the specific job requisition before the posting closing date.

In addition to uploading your cover letter and resume, part of the application process may include answering application questions related to the preferred requirements of the role which may take approx.. 5-10mins. Cover letters should express interest and highlight additional information relevant to the position and resumes should include a tailored summary of skills and experience related to the position.

Salary: Pay Grade 30: $48.64 to $57.59 per hour

Contact Information

To apply, please visit http://jobs.vancouver.ca and apply to requisition 33420.

Employer Profile

Company

Located on the traditional, ancestral and unceded lands of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh), Vancouver has a commitment to becoming a City of Reconciliation. Vancouver consistently ranks as one of the world’s most liveable cities and is working towards being the greenest city in the world. Named among Canada's Top 100 Employers, BC's Top Employers, and Canada's Greenest Employers, the City of Vancouver seeks colleagues who can help shape and embody our core commitments to sustainability, decolonization, equity and outstanding quality of life for all residents.

Consider joining our committed team of staff and being part of an innovative, inclusive and rewarding workplace.