Property & Asset Manager II

CULTIVATE A BETTER WORLD

Food served fast does not have to be a typical fast-food experience. Chipotle has always done things differently, both in and out of our restaurants. We are changing the face of fast food, starting conversations, and directly supporting efforts to shift the future of farming and food. We hope you will join us as we continue to learn, evolve, and shape what comes next on our mission to make better food accessible to everyone.

THE OPPORTUNITY

Responsibilities

In addition to following Chipotle’s policies and procedures, principal responsibilities include, but are not limited to:

• Managing all Development-related property management issues and asset administration for the entire Chipotle portfolio
• Providing communication to Operations, Real Estate Managers, and  Development Directors for property management issues and approvals
• Communicating status of property management issues with involved parties such as landlords, tenants, sub-tenants, Construction, Facilities, and Operations
• Identifying and implementing action plans for property management issues and ensuring timely completion
• Managing all property management activities with Chipotle’s excess properties, interfacing with tenants/sub-tenants, and municipalities, as needed
• Managing real estate assets to maximize returns (re-acquisitions, value of leases, development projects, condemnations, and excess property, etc.)
• Supporting Operations and Facilities remodel projects by reviewing leases to ensure compliance with obligations before the remodel begins
• Negotiating lease terms/options for all Lease Renewals
• Communicating with Real Estate Managers and Regional Directors to prioritize locations that need asset management attention
• Negotiating lease terms/options with landlords to renew, extend, and/or modify leases and ensuring the amendments are accurately documented
• Reviewing existing lease terms and conditions to understand Chipotle’s rights and obligations prior to preparing renegotiations
• Preparing for lease re-negotiations by giving advance notice to appropriate parties, submitting business cases reflecting alternatives and financial/qualitative implications of each, and recommending course of action
• Distributing ongoing progress reports for all deals being renegotiated and identifying financial savings and improved lease terms due to renegotiations
• Completing other duties as assigned to advance a particular project or resolve a business issue

The ideal candidate will:

• Have excellent analytical, organizational, quantitative, written, and verbal communication skills
• Effectively manage priorities and projects in a fast-paced environment
• Have a B.A./B.S. in a related field with three (3) to five (5) years experience at a multi-unit retail company in a development capacity handling property and/or asset management responsibilities;  or an equivalent in education and experience
• Possess knowledge of and the ability to use a PC as well as Microsoft Office Suite, Project, Access, Oracle Applications, and Project Management Internet Software
• Be able to accurately write and document procedures, reports, and business correspondence
• Be assertive regarding completion of tasks and follow-up
• Have the ability to manage company and financial data in a confidential and professional manner
• Enjoy minimal travel

PAY TRANSPARENCY

A reasonable estimate of the current base pay range for this position is $86,000.00–$117,500.00. You are also eligible for annual cash bonuses and equity awards based upon performance and other factors. Actual compensation offered may vary depending on skill level, experience, and/or education. Chipotle offers a competitive total rewards package, which includes medical, dental, and vision insurance, 401k, sick leave, vacation time, and much more. Visit https://jobs.chipotle.com/benefits for more details.

WHO WE ARE

Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle has restaurants in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. With employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit WWW.CHIPOTLE.COM

Chipotle Mexican Grill is an equal opportunity employer that values diversity at all levels. As a people-first company rooted in values, our purpose extends beyond serving nutritious food using real ingredients. It means hiring world-class individuals and fostering a culture that champions diversity, ensures equity, and celebrates inclusion. All qualified applicants, regardless of personal characteristics, are encouraged to apply.  

Qualified applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and/or certain state or local laws. Please contact ADAaccommodations@chipotle.comif you need an accommodation due to a disability to complete an application, job interview, and/or to otherwise participate in the hiring process. This email does not respond to non-accommodations related requests.