Managing Director, Pennovation Works

Managing Director, Pennovation Works

University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Employers By State in 2021.

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Posted Job Title

Managing Director, Pennovation Works

Job Profile Title

Managing Director

Job Description Summary

The Division of Facilities and Real Estate Services (FRES) provides the expertise, business process, policies and standards required to plan, design, construct, operate, maintain and renew the physical assets of the University, excluding the health system. In addition, the Division, comprised of approximately five Departments, is responsible for the strategic planning, management and operation of non-academic University property, and collaborating with the neighborhood to create a safe, diverse and economically vibrant destination. With close to 12M square feet of space, FRES maintains 186 buildings on a campus of 276 acres, completes over 60,000 maintenance requests per year, and starts approximately 250 projects a year. FRES is comprised of the following Departments: Administration, Office of the University Architect, Design and Construction, Real Estate, Operations and Maintenance.

The University of Pennsylvania is implementing a campus transformation entitled Penn Connects . This comprehensive, award winning effort is expanding the campus over the next 20 years, including the construction of new academic research and recreational facilities. In addition, the University has secured $300M in Century Bond funding and continues to upgrade existing facilities over the coming years.

Job Description

Managing Director

Reporting to the Executive Director of Real Estate Services, the Managing Director of Pennovation Works (MD) is responsible for overall direction and oversight of the Pennovation Works Campus (a 23 acre development site) on behalf of Penn. The Pennovation Works just celebrated its 5th year anniversary. The campus currently represents an ecosystem which houses innovators and entrepreneurs in approximately 250,000 square feet and the long-term plan is slated to grow to 1.5 to 2.0 M square feet. The Managing Director is charged to translates the University's and Pennovation Work's vision into actionable plans and provides leadership via effective partnerships with the decentralized team responsible for Pennovation Works operations.

Working with a matrixed team of internal collaborators and vendors, the MD is responsible for ensuring that Pennovation Works' strategic direction, as documented in the Master Plan and 5-Year Strategic Plan, is implemented according to established principles including fiscal monitoring and management, project initiation and implementation, marketing, and leasing as required. The MD maintains effective communication tools to track progress and communicates effectively with leadership.

As a Real Estate team member, the MD maintains a collaborative team environment among the University collaborators and vendors including: the Pennovation Center Operator, RE Divisions, and third party property manager (and as applicable the various school/center and commercial customers) to create a collaborative and effective community. The MD is responsible for overseeing Pennovation Works Programming, JPOD operations, management of all leases and vendor contracts pertaining to the Pennovation Works campus, including Jones Lang LaSalle (JLL), 76FWD, individual tenants of the University, private investors/development partners, and other service providers.

For more information on Pennovation Works:

Job Responsibilities

Oversight of Pennovation Works operations by JLL, 76FWD, and other operating vendors/partners as assigned.

Oversight of the operating budget and strategic planning of 5 capital budget of Pennovation Works. This includes operating budgets include allocations for the JPOD (a partnership with Johnson and Johnson), Pennovation Works Programming/Events, transportation services, campus amenities, Pennovation Center operations and property management services.

Oversite of Business Development of Pennovation Works including communications, marketing, and leasing (external tenants of the Trustees of the University of Pennsylvania)

Monitoring of design and construction of Penn-owned Real Estate facilities and infrastructure at Pennovation Works

Oversight in collaboration with other Real Estate Stakeholders the implementation of the Pennovation Works Master Plan and 5-Year Strategic Plan with responsibility for periodic review and update of the Plans as directed by Penn Executive Leadership.

Implementation of the Pennovation Works Master Plan and 50 Year Strategic Plan with responsibility for periodic review and update of the Plans as directed by Penn Executive Leadership.

Chair of the Curation Committee with Vice Provost for Penn Center Innovation ventures that is tasked with applying all new tenants/members in Penn-owned buildings the Programming Committee, and the Marketing Committee.

Perform additional duties as assigned.

Qualifications

A Master's Degree and 7 to 10 years of experience or equivalent combination of education and exerience are required.

Minimum 7 to 10 years of relevant experience, including leadership/management experience

Experience in management of Innovation Ecosystem, desirable

Knowledge of real estate development

Understanding of design and construction project management

Demonstrated experience with third party property management

Demonstrated experience with budget development and administration

Experience with strategic planning

Knowledge of economic development

Leadership or knowledge related to educational/entrepreneurial programming desirable

Demonstrated ability to manage diverse stakeholders including corporate partnerships desirable

MBA or equivalent degree desirable

Demonstrated written oral and communication skills, web experience desirable

The expected salary for this role will range from $198,000 - $215,000 annually based on the experience, competencies, skills and background that are relevant for the role.

Penn has retained the services of Lincoln Leadership to conduct this search. Those interested in the search or who want to recommend someone for the role should contact Andrew C. Wheeler, Founder & President, at -1910 or . For best consideration, apply by March 31, 2022.

Job Location - City, State

Philadelphia, Pennsylvania

Department / School

Facilities and Real Estate Services

Pay Range

$104,191.00 - $168,063.66

Affirmative Action Statement

Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.

Special Requirements

Background check required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.

University Benefits

Health, Life, and Flexible Spending Accounts: Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.

Tuition: Take advantage of Penn's exceptional tuition benefits. You, your spouse . click apply for full job details

Permanent