Commercial Strategy & Dev Mgr - 90403210 - Washington
Washington, DC, US, 20002
Your success is a train ride away!
As we move America’s workforce toward the future, Amtrak connects businesses and communities across the country. We employ more than 20,000 diverse, energetic professionals in a variety of career fields throughout the United States. The safety of our passengers, our employees, the public and our operating environment is our priority, and the success of our railroad is due to our employees.
Are you ready to join our team?
Our values of ‘Do the Right Thing, Excel Together and Put Customers First’ are at the heart of what matters most to us, and our Core Capabilities, ‘Building Trust, Accountability, Effective Communication, Customer Focus, and Proactive Safety & Security’ are what every employee needs to know and do to be most impactful at Amtrak. By living the Amtrak values, focusing on our capabilities, and actively embracing and fostering diverse ideas, backgrounds, and perspectives, together we will honor our past and make Amtrak a company of the future.
SUMMARY:
The Commercial Development Project Manager is responsible for coordinating private investments and revenue-generating contracts that monetize Amtrak’s assets. The Commercial Development portfolio includes the delivery of residential, office, hotel, retail, and advertising uses on Amtrak-owned or assembled properties. It may also include the replacement or improvement of Amtrak facilities. The position will oversee the planning, design, financing, and construction of commercial development projects and advertising operations. These activities require significant engagement with internal and external stakeholders involved with the review, approval, and execution of project components.
ESSENTIAL FUNCTIONS:
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Plan and scope commercial development projects at Amtrak properties, including major stations, railyards and right-of-way, surface parking and vacant lots, and new facilities or joint developments.
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Evaluate and illustrate the development potential of prospective sites that address site conditions and rail, or multi-modal facility, needs.
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Engage with external parties, including local and state jurisdictions, developers, brokers, market research organizations, and other third parties to assess the regulatory and financial conditions for development.
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Liaise with internal Amtrak stakeholders (e.g., Engineering, Operations, Capital Delivery, Finance) to ensure seamless coordination and approval of development activities with Amtrak’s passenger rail operations.
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Perform quantitative analyses and comparisons of developer financing arrangements and land or lease valuations, including complex arrangements such as revenue splits or profit sharing.
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Identify gap funding needs and pursue potential public and private solutions (e.g., grants, loans, credit enhancements, etc.).
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Draft offering documents for commercial development opportunities.
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Evaluate unsolicited commercial development proposals involving Amtrak-owned properties.
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Support drafting and negotiations of revenue-generating contracts, term sheets, memoranda, and legal documents, sale and easement agreements, ground and air-rights leases, and joint ventures.
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Coordinate with Finance, Law, and other departments as needed to produce business plans and secure and deploy operating or capital funds required to pursue commercial development projects.
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Monitor and report on project delivery status and performance measures.
- Perform other related duties as required.
MINIMUM QUALIFICATIONS:
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Bachelor’s degree in finance or related field or the equivalent combination of education and training/experience.
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Experience with the real estate development life cycle, including planning, design, financing, and construction.
PREFERRED QUALIFICATIONS:
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7-10 years of relevant experience
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Master’s degree in finance or a related field
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Transit-oriented development experience.
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Private real estate development experience.
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Public finance experience, including grants and loan facilities.
KNOWLEDGE, SKILLS and ABILITIES:
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Experience evaluating and producing real estate and transportation pro-formas or financial models.
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Experience identifying process deficiencies and implementation improvements while controlling costs.
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Experience managing multiple projects of varying complexity simultaneously.
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Excellent oral and written communication skills targeting internal and external audiences.
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Familiarity with Microsoft Office Suite (i.e., Word, PowerPoint, Excel) and mapping/illustration tools (i.e., Google Earth).
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Advanced leadership and management skills with a proven ability to motivate others; time management; and conflict resolution and investigation skills.
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Ability to travel 25%.
WORK ENVIRONMENT:
Physical Demands
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Constantly or frequently uses a computer keyboard, monitor, and mouse to perform a variety of tasks.
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Constantly or frequently sits, stands, or walks; may lift, carry, push, or pull objects of various weights; may reach, kneel, crouch, bend, or twist to perform administrative tasks (e.g., filing, retrieving materials from desk and bookcases, moving around an office setting).
Mental Demands
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Constantly communicates, comprehends, and responds to verbal statements and instruction both orally and in writing.
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Frequently acquires new knowledge, sills, and tasks, both complex and simple, to maintain effectiveness in the position.
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Frequently resolves problems with conflicting priorities in cognitively demanding situations.
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Frequently reads and analyzes hard copy and or computer screen material and writes reports as appropriate.
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Conducts in person and/or telephone dialogues as appropriate to manage and conduct the flow of work.
Working Conditions
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Frequently works long hours and is required to be on-call and available on an emergency basis.
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Constantly works in fa fast-paced, time sensitive environment with frequently changing priorities.
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Frequently works in crisis situations requiring fast, long-reaching decisions based on incomplete information/data.
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Frequently handles multiple projects simultaneously.
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Frequently or occasionally travels through and outside the region as required (e.g., via airplane, train, automobile.
The above statements are intended to describe the general nature and level of work performed by people assigned to this job. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so assigned. Management retains the discretion to add to or change the duties of the position at any time.
The salary/hourly range is $113,200.00 – $146,664.00. Pay is based on several factors including but not limited to education, work experience, certifications, etc. Depending on an employee’s assigned worksite or location, Amtrak may consider a geo-pay differential to be applied to the employee’s base salary. Amtrak may offer additional incentive and pay programs to recognize and reward our employees, including a short-term incentive bonus based upon factors such as individual and company performance that is commensurate with the level of the position and/or long-term incentive plan compensation. In addition to your salary, Amtrak offers a comprehensive benefit package that includes health, dental, and vision plans; health savings accounts; wellness programs; flexible spending accounts; 401K retirement plan with employer match; life insurance; short and long term disability insurance; paid time off; back-up care; adoption assistance; surrogacy assistance; reimbursement of education expenses; Public Service Loan Forgiveness eligibility; Railroad Retirement sickness and retirement benefits; and rail pass privileges. Learn more about our benefits offerings here.
Requisition ID:165690
Work Arrangement:06-Onsite 4/5 Days Click here for more information about work arrangements at Amtrak.
Relocation Offered:No
Travel Requirements:Up to 25%
You power our progress through your performance.
We want your work at Amtrak to be more than a job. We want your career at Amtrak to be a fulfilling experience where you find challenging work, rewarding opportunities, respect among colleagues, and attractive compensation. Amtrak maintains a culture that values high performance and recognizes individual employee contributions.
Amtrak is committed to a safe workplace free of drugs and alcohol. All Amtrak positions requires a pre-employment background check that includes prior employment verification, a criminal history check and a pre-employment drug screen.
Candidates who test positive for marijuana will be disqualified, regardless of any state or local statute, ordinance, regulation, or other law that legalizes or decriminalizes the use or possession of marijuana, whether for medical, recreational, or other use. Amtrak's pre-employment drug testing program is administered in accordance with DOT regulations and applicable law.
In accordance with DOT regulations (49 CFR § 40.25), Amtrak is required to obtain prior drug and alcohol testing records for applicants/employees intending to perform safety-sensitive duties for covered Department of Transportation positions. If an applicant/employee refuses to provide written consent for Amtrak to obtain these records, the individual will not be permitted to perform safety-sensitive functions.
In accordance with federal law governing security checks of covered individuals for providers of public transportation (Title 6 U.S.C. §1143), Amtrak is required to screen applicants for any permanent or interim disqualifying criminal offenses.
Note that any education requirement listed above may be deemed satisfied if you have an equivalent combination of education, training and experience.
Amtrak is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race/color, to include traits historically associated with race, including but not limited to, hair texture and hairstyles such as braids, locks and twists, religion, sex (including pregnancy, childbirth and related conditions, such as lactation), national origin/ethnicity, disability (intellectual, mental and physical), veteran status, marital status, ancestry, sexual orientation, gender identity and gender expression, genetic information, citizenship or any other personal characteristics protected by law.
