Job Description

Summary: The primary function of this position is to assist the Real Estate team and senior staff in preparing for and presenting strategies based on quantitative analysis that aid in determining the economic feasibility and desirability of potential future store locations, expansions, as well as possible store closings. The position will also manage the corporation’s joint venture and owned portfolio (conduct analysis of capital re-investment, project stabilization, identification and qualification of new joint venture opportunities). Successfully complete development projects (conduct operating agreement negotiation, undertake financial analysis, attain Store Development Committee approval, conduct transaction management, manage entitlement process approval, analyze and negotiate like-kind exchanges, and complete documentation).

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Rely on experience to generate numerous sales analyses in support of the Company's substantial remodel investment program each year.

• Assist major investment projects such as Divisional real estate strategic plan development; merger & acquisition analysis; major market location-strategy development; and store-closing analyses.

• Forecast sales for new store and replacement store sites using computerized mapping & demographic data-retrieval systems and gravity model forecasting programs. Estimate and analyze anticipated sales impacts against named competition

• Forecast sales for store remodel candidates using computerized mapping & demographic systems and analog forecasting approaches.

• Develop preliminary "Feasible & Probable" sales forecasts for new sites and replacement stores to provide initial guidance into the desirability of potential storing opportunities.

• Analyze pertinent market factors to estimate sales impacts against our stores and/or against competitor stores ranging from potential competitive activity to support development of the annual store-level sales budgets.

• Gather, monitor and assimilate key competitive information in relation to potential supermarket openings, relocations, expansions, remodels, closures, acquisitions and divestitures.

• Seek to continually improve the Research group's analytical and presentation resources by investigating deeper use of products like Alteryx, Google Earth Pro, and other GIS mapping systems

• Ability to meet hard/tight/changing deadlines at times, while juggling a variety of unrelated assignments. Identifying and maintaining priorities and time targets is a daily challenge for the Analyst.

• Ability to react quickly to changing scenarios. Sales scenarios involve estimation of sales dynamics downstream from our own contemplated activity (an opening, for example). A key competitor may react to our capital activity with an investment activity of their own. This action-reaction nature of the business requires complex, multi-variable analyses with far-reaching financial impacts relative to the expenditure of capital.

• Use judgment with regard to the day to day conduct of assignment completion. The incumbent is responsible for the trade area definition, the manipulation of modeling techniques and assumptions, and ultimately, the sales forecast or other analytical output.

• Because the Company's footprint spans multiple states, the Analyst is assigned project work in any number of states. The incumbent needs to learn new geographic areas quickly and in depth, while being able to travel extensively.

• The incumbent is a key contributor to the Company's ability to prudently make multi-million dollar store-investment decisions. He or she will have assembled a substantial base of knowledge on matters relating to competition, market demographics, and real estate investment activities through years of experience in this field.

• Manage all aspects of our joint venture shopping center program. This includes owned properties which may be joint ventures in the future and company owned deals.

• Successfully complete joint venture development projects. This entails: Acquiring real estate committee approval for acquisitions and dispositions; analysis and preparation of joint venture development pro formas; negotiating the terms of joint venture operating agreements; overseeing and interpreting all analytical and operational aspects of joint venture transactions, including acquisition and disposition timelines, the entitlement process, and all due diligence; monitoring and reviewing joint venture development budgets, project reporting, pre-development draw expenses, major capital events, construction draw packages; and ensuring the transactions are consistent with the company’s investment guidelines and market expectations.

• Update senior management concerning decisions to pursue opportunities and offering strategies for structuring joint venture transactions. Keep senior management regularly informed regarding the status of any and all existing joint venture developments and all potential acquisitions and dispositions through monthly and quarterly meetings, capital re-investment schedules and through the use of portfolio tracking systems. These systems will include Business Intelligence software such as Alteryx and TAS Online.

• Conduct the coordination of many aspects of Real Estate Department, including working closely with the Real Estate Executive Assistant, for store development committee meetings, site trips, market tours, site evaluations, pro forma requests, and special projects.

• This position will be responsible for store analog analysis necessary to complete all pro forma requests. The position will also process and manage the Real Estate Report. The Real Estate Report is a comprehensive report that provides insight on a biweekly basis on the progress of each Real Estate project.

• Develop and maintain executive level relationships with development companies and maintain a network of broker owner contacts. Periodically attend trade and/or educational seminars to keep abreast of current and evolving industry trends.

• Meet or exceed the Company’s expectations regarding timely performance of expected job functions. This may include normal business hours, extended evening and/or weekend hours, and occasional overnight or weekend travel as demand requires.

• Other duties as may be assigned or required.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

Bachelor's degree (B. S.) from four-year college or university or 5 to 8 years of related experience or a combination thereof.

Language Ability:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Math Ability:

Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills:

To perform this job successfully, an individual should have advanced knowledge of Gravity Modeling, Microsoft Word processing software; Microsoft Excel spreadsheet software; Microsoft Access database software; General Ledger accounting software, and Alteryx Desktop Designer.

Certificates and Licenses:

No certifications needed

Supervisory Responsibilities:

This job has no supervisory responsibilities.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually quiet.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Specific vision abilities required by this job include Close vision, Distance vision and Ability to adjust focus. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand and walk.

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