Sr Director, Lease Comps
Sr Director, Lease Comps
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Job Description
Job Description
THE ROLE
CoStar delivers real-time verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStars independent research organization the industrys largest with global data delivery software and application solutions clients can act on opportunities with confidence.
CoStar captures critical information that enables our commercial real estate clients to make informed high impact business decisions daily. CoStar Groups research contributes to the most important segment of our economy helping businesses open offices retail stores warehouses and manufacturing facilities. CoStar Group is seeking a Sr. Director of Lease Abstraction to join our Real Estate Manager business unit to facilitate building out a lease abstraction practice.
As a Sr. Director of Lease Abstraction at CoStar Group you will lead and develop a team of Lease Abstraction Managers to ensure their teams are providing CoStar product and clients with accurate and actionable data. This role requires a strategic thinker with a passion for operational excellence leadership development and cross-functional collaboration. The Director will drive department performance foster a culture of continuous improvement and support the growth and development of both managers and their teams.
This position is in office Monday through Friday.
RESPONSIBILITIES
- Set clear departmental goals aligned with company objectives ensuring alignment across teams and driving long-term success.
- Hire lead and mentor a team of managers empowering them to develop high-performing individual contributors. Provide guidance coaching and performance feedback.
- Identify opportunities to streamline processes improve efficiency and ensure consistency in operational execution.
- Oversee goal setting key performance indicators (KPIs) and performance reviews for managers and their teams. Address performance gaps and foster a culture of accountability.
- Collaborate with cross-functional teams such as Engineering Product Data Analytics and other Research peers to align organizational objectives.
- Lead organizational change efforts by effectively communicating vision impact and expectations to the broader team.
- Use data metrics and reporting to assess departmental health inform decision-making and support continuous improvement initiatives.
- Support the career growth and development of managers and individual contributors through mentorship professional development opportunities and succession planning.
- Coordinate and manage the workload and activities of team members to ensure maximum productivity efficiency and performance is achieved.
- Participate in collaborative development of training materials and ongoing development opportunities for the team.
- Conduct regular audits on the team members to ensure the accuracy and completeness of abstracted lease data. Action audit feedback to show improvement.
- Ensure the team consistently meets deadlines and productivity targets.
- Recommend and implement process or technology improvements to gain efficiencies and consistency where possible.
- Contribute to the vision of being a center of excellence and employer of choice through trust open communication creative thinking and cohesive team effort.
BASIC QUALIFICATIONS
- Bachelors Degree required from an accredited not for profit University or College.
- A track record of commitment to prior employers.
- 15 years previous applicable experience with 5 years of leading a team of 4 or more managers who are responsible for teams of 4 or more.
- 10 years of Microsoft Office Experience.
- Comprehensive knowledge of commercial lease structures terms financial concepts and legal documents.
- Demonstrate a strong business acumen understanding of operational processes project management and process improvement methodologies.
- Strong leadership skills with a proven track record of coaching development and motivating teams.
- Experience leading teams through periods of change growth and transformation.
- Proficient in using lease management software and database systems.
- A track record of commitment to prior employers.
- Excellent analytical and problem-solving skills with attention to detail and accuracy.
- Ability to interact at all levels and establish rapport with both internal and external stakeholders.
Internal applicants are expected to have the following qualifications/experience combination:
- Bachelors degree required coupled with 15 years of Commercial Real Estate experience.
- Currently a manager with 5 years of management experience.
- In good standing no performance or behavioral corrective action.
PREFERRED QUALIFICATIONS & SKILLS
- Bachelors degree in Real Estate Finance or Accounting.
- An advanced degree a plus.
- Experience with creating effective KRIs and meeting performance metrics being results oriented.
- Experience and demonstrated proficiency with Excel that includes the ability to manipulate data filter and develop basic formulas. All qualified candidates will be given an assessment to demonstrate their knowledge.
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing
Required Experience:
Director
Employment Type
Full-Time
