Real Estate Project Specialist at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

Description:
Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What We Do:

The Corporate Real Estate Function is responsible for coordinating, integrating and administering a range of diverse real estate functions to support the safety and resiliency of the Bank’s operations.  The Bank’s real estate portfolio is approximately 1.6 million square feet consisting of three owned assets, two of which are 24 x 7 mission critical facilities.  Our services encompass three core areas: Property Management, Lease Management and Real Estate (RE) Strategy, Analytics & Project Management.  This role falls under the third core area.

The staff within RE Strategy, Analytics & Project Management app space planning and project management principles and methods in the coordination and implementation of all relocation activities and less complex construction alteration projects throughout Bank owned buildings and leased space.  Serves as design lead on all projects and develops and directs the implementation of programming and planning associated with projects for improvements to interior spaces or replacement of building infrastructure.

Your Role as a Real Estate Project Specialist:

• Leads a project team with direct responsibility from project inception through project closeout for coordinating various aspects of large and small construction projects including planning and programming, project delivery ways and means, the procurement of professional services, review of contracts, drawings, schedules, construction documents, specifications and agreements submitted by contractors, consulting engineers and architects, estimating and tracking costs, and assessing team performance.




• Coordinates and reviews the project scope with Property Management personnel throughout the process, with a focus on providing an early awareness of upcoming modifications to the building.  This includes reviewing all construction documents, coordinating necessary reviews with Bank staff and all regulatory authorities.




• Manages procurement of professional services required for the project, including but not limited to construction management and architectural/engineering services. Oversees delivery of these services in accordance with the contract requirements to assure timely and within budget completion of the project.




• Prepares design criteria for the project. Oversees preparation, by the Construction Manager and the Architect, of the bid packages. Oversees the bid evaluation.




• Participates in the selection of consultants and contractors. Develops and approves subcontractor bid lists and reviews Construction Manager’s recommendations with regard to subcontract awards.




• Coordinates all project related internal services, such as information technology, telecommunication, Real Estate Design, Property Management, Internal Law Enforcement, Communications, Business Continuity Office (“BCO”), Purchasing, move crews, etc.




• Establishes and adheres to quality controls for construction projects, including code compliance, and plans and controls production schedules. When required, interfaces and coordinates with governmental authorities, landlords, and managing agents. Oversees testing and commissioning of all new construction, systems and equipment.




• Ensures that all external design consultants produce thorough and accurate construction documents as well as maintains all established standards in delivery of professional services and oversees proper submission of final as-built drawings, warranties, operating manuals, and training of Bank personnel.




• Performs on-site inspections of each phase of construction projects to ensure compliance with contract terms. Reviews and approves all invoices and change requests in consultation with Real Estate clients, project team and clients, and conducts studies and prepares related reports for all aspects of construction and alteration projects.




• Assures proper coordination between all professional consultants. Manages costs and enforces contract terms.  Additionally, assists with resolution of disputes between consultants and contractors.




• Prepares written and oral project status updates and presentations for management and clients of Real Estate as required.




• Assists in the development of strategic capital improvement plans, benchmarking Real Estate procedures, standards and practices against those of real estate, design and construction industries and evaluates new technologies for possible uses by the Bank. Identifies vendors for consideration by the Bank.




• Coordinates with Finance Management areas regarding strategic direction, budget management and timely project accounting and reconciliation for all major project activity.

What We are Looking For:

• Thorough understanding of building operations and construction processes associated with all Bank properties including all architectural, air conditioning, information technology, electrical, refrigeration, heating and plumbing systems.




• Demonstrated experience in corporate design and construction project management.




• Thorough understanding of local building codes, Federal guidelines and building operations methods.




• Strong leadership skills.




• Strong automation skills including Microsoft Office programs. CAD programming experience, a plus.




• Ability to analyze, interpret and prepare financial and non-financial reports.




• Knowledge of industry labor practices; a strong understanding of budgeting practices and procedures.




• Strong written and oral communication skills.




• Ability to multi-task and manage several projects simultaneously.

Please include resume.

Salary Range: $140,000-$190,000 / year

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.

Benefits:

Our organization offers benefits that are the best fit for you at every stage of your career:

Fully paid Pension plan and 401k with Generous Match

Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

Subsidized Public Transportation Program

Tuition Assistance Program

Onsite Fitness & Wellness Center

And more

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstance

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Real Estate

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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