Commercial Property Manager

The Inland Real Estate Group of Companies • Oak Brook, IL

7d • $95,000 - $121,000

About The Position

The Property Manager's primary responsibility is to direct and coordinate the financial and physical operations of assigned retail/shopping center property(s) to ensure the corporate financial and business objectives are being achieved. The goal of this position is to meet/exceed Net Operating Income (NOI) projections, maintain the physical condition of the asset, and ensure compliance with legal requirements and corporate policies/procedures.

Requirements

• An associate's degree is required.
• 5 years Commercial Property Management experience required
• Candidate must have excellent communication, organizational and time management skills.
• Previous experience managing a commercial portfolio, preferably retail assets or shopping center assets.
• General understanding and experience with property marketing, budgeting and capital improvements.
• 50% travel required.

Responsibilities

• Maintain the highest level of awareness of the status of properties in the portfolio and market conditions in the area.
• Create an annual operating budget for assigned properties, and continuously monitor performance against the budget.
• Prepare monthly budget variance (BVR) report for review by Senior Property Manager.
• Conduct complete property inspections regularly.
• Identify and control the physical safety and liability concerns.
• Review vendor contracts/performance regularly, address issues, and negotiate new contracts as needed.
• Maintain contact with tenants to address questions, requests, and concerns.
• Continuously review tenant accounts, monitor the collection process, and actively engage in resolving collection issues and disputes.
• Report collection activity on a monthly basis to members of Property Accounting and senior management
• Review/prepare tenant improvement allowances and ensure timely tenant construction and performance.
• Provide input to the Marketing Department on programs and signage.
• Review the standard provisions of all lease agreements, ensure compliance with operational agreements, R&M responsibilities, and governmental regulations, and collect information as required by lease.

Benefits

• Medical/Dental/Vision insurance (PPO)
• Participation in the company 401(k) plan with a company match
• Vacation Time, Nine Paid Holidays, Three floating holidays per year
• Sick time
• Tuition reimbursement opportunity
• Company-paid life insurance equaling your annual base salary
• Company-paid short-term and long-term disability
• Paid Parental Leave
• This position is eligible as an internal promotion opportunity.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree
• Number of Employees: 1,001-5,000 employees