Management Trainee

Simon Property Group•Schaumburg, IL

16d

About The Position

The Management Trainee learns and undertakes the role and responsibilities of a General Manager while supporting the General Manager in protecting and enhancing the value of the company’s real estate assets. The trainee assists in identifying center objectives and learns how to translate them into operations, marketing, leasing, and other profit-enhancing strategies. The trainee must complete the established training program, demonstrate a working knowledge of General Manager responsibilities, and become proficient in all aspects of managing a shopping center. After successful completion of training, the position is expected to relocate to an assigned open position.

Requirements

Bachelor’s degree in a business-related discipline from a four-year college or university.
Sound verbal and written communication skills.
Comfort with public speaking.
Ability to adapt to a dynamic work environment.
Strong time management skills and ability to meet assigned deadlines.

Responsibilities

Maximize EBITDA by increasing potential income sources while controlling expenses.
Understand and analyze financial reports, leases, REAs, and other information and concepts, and work with the mall team to implement strategies for achieving the property’s targeted EBITDA budget and growth rate.
Assist the General Manager with developing and implementing an Asset Improvement Plan and Property Operating Budget that address the center’s opportunities and needs.
Learn all aspects of permanent leasing and participate in leasing activities from canvassing through lease execution.
Optimize overall short-term leasing performance while maintaining exceptional standards.
Understand the Simon security initiative and support the General Manager in developing and implementing the property’s public safety and security strategy.
Understand marketing and Simon Media & Experiences initiatives while driving revenue and retail sales.
Work with the mall team to create a best-in-class customer shopping experience by establishing and maintaining appropriate operating standards at a competitive cost.
Assist in developing and executing the five-year capital plan, focusing on asset preservation and life-cycle costs.
Develop the skills needed to retain and motivate team members.
Develop and maintain strong, productive relationships with tenants, community partners, and stakeholders.
Gain an in-depth understanding of company policies and procedures.
Understand and demonstrate the qualities and characteristics necessary to be an effective leader.
Complete all aspects of the established training program and, after successful completion, relocate to an assigned open position.