Job Description Summary
Reporting to the Global Procurement Director- Plant Indirect and Real Estate, the Associate Director - Real Estate is responsible for managing the Company portfolio of BD’s leased and owned properties for North and Latin America.
Job Description
We are
the makers of possible
BD is one of the largest global medical technology companies in the world. Advancing the world of health™ is our Purpose, and it’s no small feat. It takes the imagination and passion of all of us—from design and engineering to the manufacturing and marketing of our billions of MedTech products per year—to look at the impossible and find transformative solutions that turn dreams into possibilities.
We believe that the human element, across our global teams, is what allows us to continually evolve. Join us and discover an environment in which you’ll be supported to learn, grow and become your best self. Become a
maker of possible with us.
Key Responsibilities
Advising BD Leadership on how best to plan and optimize the Real Estate Portfolio in pursuit of BD objectives. This is done by:
- Working closely with the Regional & Business Presidents, Heads of Finance, Integrated Supply Chain (ISC) Strategy & Transformation team, and other Business and Regional Leaders to understand business strategies and from this to develop forward-looking views and plans of the required spaces; and acquiring and divesting space accordingly.
- Regular interactions with Executive Leadership Team (EXLT) to advise and influence decision making in real estate programs to ensure not only financial outcomes, but also to support human capital management and strategic long-term company and BU goals.
- Spaces requiring refit / renovations will be coordinated with the appropriate BD organizations and external suppliers. Additionally, a master database of leases, titles, etc. will be centrally maintained and coordinated to manage renewals, tax payments, and insurance assessments.
Strategic Orientation
This role, in coordination with the Associate Director- Real Estate for EMEA & GAR is the focal point for ensuring the $100M+ in global real estate lease spend and the entire BD property portfolio (approximately 25 million square feet over 300+ sites in 50+ countries); is managed appropriately and consistently with BD values. Specific activities will include:
Facility Planning
- Long Range Planning –with the EXLT, businesses and regional leaders identify areas of likely future corporate growth and retraction; make selective strategic acquisitions of land; and developing and executing appropriate exit strategies
- Master Planning – working with business units, develop master plan for sites when land and/or existing facilities are to be converted into active/different uses.
- Acquisition – working with business units to identify and acquire (either lease or purchase as is appropriate) land / facilities.
- Disposal – working with business units to identify surplus assets, reviewing potential uses across the BD network, and disposal of the assets in the most effective manner.
- Workplace Standards – Working with HR, Facilities, Global Construction, and other expert groups internally and externally to ensure that our workplace layouts and policies are attractors for talent, are efficient working spaces and help deliver increased ROI for BD.
Ongoing Asset Management
- Database Management – Ensuring the maintenance of the global database of all leased and owned property to a) enable timely reviews by internal departments (i.e., risk reviews by Risk Management) b) compliance with external requests and c) to feed updates to BD’s financial system for lease accounting
- Tax Management – Payment (or coordination thereof with the business and Finance) of taxes applicable for each facility. Appropriately challenging assessments as needed and as possible within locales to manage the aggregate tax liability.
Supplier Management
- Ensure that BD’s lead Real Estate partners deliver the value to the relationship, both in support of transactional and administrative activities, but also input to long term strategies.
Mergers & Acquisitions
- As a key team member, ensure timely Real Estate input to M&A teams to ensure costs, issues and risks are identified and planned for. This may involve bringing other functional expertise onboard such as Global Construction or Facilities.
Financial Impact
The Associate Director, Real Estate is responsible for ensuring that the global Real Estate footprint and are managed efficiently and effectively and to build a pipeline of optimization opportunities.
- Scenario analysis and strategic guidance for ownership vs lease vs sale leaseback vs build to suit
- Build a pipeline of 5 - 8%+ cost savings return on spend driven by negotiation, right-sizing footprint, and other strategic levers
- Negotiation with landlords (where applicable) targeting below-market rents while maximizing flexibility for lease termination, ability to reduce footprint, etc.
- Budget Responsibilities: Accountable for group results and delivery against functional goals. Improves BD's financial position through cost savings, non-price value opportunities and price movement / inflation management and appropriate standard costs
- Maintains strong relationships with assigned business, function, and regional stakeholders. Engage and influence Finance partners in to drive appropriate quantification and visibility of financial impacts in the respective budgets through communication and consensus on strategies and processes
Education/Degree
Educational Qualifications & Previous Experience
- Bachelor’s degree in a related field
- MBA or other relevant advanced degree preferred
Experience
- Minimum five to seven years professional experience in complex global real estate management in a multinational corporate setting
- Experience managing mixed portfolios (Manufacturing and Office)
Professional Skills & Key Competencies
- Real Estate Management in either or both Manufacturing and Services environments
- Understanding of Real Estate markets
- Cost management & optimization practices
- Experienced in developing and deploying Workplace Management Strategies
- Champion change and innovation
- Strategic agility, business acumen and managing complexity
- Working and influencing within a highly matrixed organization
- Coaching and developing others
- Adept at fostering, developing, leading of inclusive and diverse environments
Primary Responsibilities And Duties
% of Time
(estimated)
- 20% - Leading, coaching, and influencing without authority with cross-functional project teams
- 25% - Corporate + stakeholder intake, and translation into aligned Real Estate strategies including effective execution across geographies, business segments, and key partners.
- 55% - Working with BD’s lead Real Estate partners and cross functional teams to ensure approval of key strategies and delivery of BD Real Estate projects
For certain roles at BD, employment is contingent upon the Company’s receipt of sufficient proof that you are fully vaccinated against COVID-19. In some locations, testing for COVID-19 may be available and/or required. Consistent with BD’s Workplace Accommodations Policy, requests for accommodation will be considered pursuant to applicable law.
Why Join Us?
A career at BD means being part of a team that values your opinions and contributions and that encourages you to bring your authentic self to work. It’s also a place where we help each other be great, we do what’s right, we hold each other accountable, and learn and improve every day.
To find purpose in the possibilities, we need people who can see the bigger picture, who understand the human story that underpins everything we do. We welcome people with the imagination and drive to help us reinvent the future of health. At BD, you’ll discover a culture in which you can learn, grow, and thrive. And find satisfaction in doing your part to make the world a better place.
To learn more about BD visit https://bd.com/careers
Becton, Dickinson and Company is an Equal Opportunity/Affirmative Action Employer. We do not unlawfully discriminate on the basis of race, color, religion, age, sex, creed, national origin, ancestry, citizenship status, marital or domestic or civil union status, familial status, affectional or sexual orientation, gender identity or expression, genetics, disability, military eligibility or veteran status, or any other protected status.
Primary Work Location
USA NJ - Franklin Lakes
Additional Locations
USA CT - Canaan, USA GA - Covington BMD, USA IL - Vernon Hills, USA MD - Sparks - 7 Loveton Circle, USA NC - Research Triangle Park, USA NE - Broken Bow, USA NE - Columbus (East), USA NE - Columbus (West), USA RI - Warwick, USA SC - Sumter
Work Shift
At BD, we are strongly committed to investing in our associates—their well-being and development, and in providing rewards and recognition opportunities that promote a performance-based culture. We demonstrate this commitment by offering a valuable, competitive package of compensation and benefits programs which you can learn more about on our Careers Site under Our Commitment to You.
Salary or hourly rate ranges have been implemented to reward associates fairly and competitively, as well as to support recognition of associates’ progress, ranging from entry level to experts in their field, and talent mobility. There are many factors, such as location, that contribute to the range displayed. The salary or hourly rate offered to a successful candidate is based on experience, education, skills, and any step rate pay system of the actual work location, as applicable to the role or position. Salary or hourly pay ranges may vary for Field-based and Remote roles.
Salary Range Information
$153,900.00 - $254,000.00 USD Annual
