Property Manager (CRE)

Cushman & Wakefield•Philadelphia, PA

2d•Onsite

About The Position

This role is responsible for the comprehensive management of a property or group of properties for a client, ensuring all obligations under the property’s management agreement are met. Key duties include lease administration, monitoring collections, and coordinating default proceedings. The Property Manager ensures compliance with Property Management Policies and Procedures, relevant codes, regulations, and governmental directives. The position involves leadership and management of property staff, including hiring and performance management. Responsibilities also encompass developing and executing annual inspection processes, creating operating and capital budgets, tracking variances, overseeing CAM reconciliations, and managing vendor contracts. The manager will accurately abstract property leases, maintain communication with third-party owners and accounting for contract compliance and reporting, and coordinate tenant and building construction work. Participation in leasing and client team meetings is required to ensure effective communication and achievement of client goals, alongside fostering positive relationships with tenants, external clients, and internal clients.

Requirements

3+ years of real estate property management or related experience
CPM, RPA, or CSM designation or in process
Possess real estate license
Strong knowledge of finance and building operations
Ability to analyze, prioritize, and delegate
Ability to effectively manage a team of professionals, including both employees and vendors
Previous experience in analyzing and negotiating commercial lease and/or contract language
Advanced knowledge of Microsoft Office Suite

Nice To Haves

Bachelor’s Degree in Business Administration or related discipline preferred

Responsibilities

Responsible for all lease administration duties
Monitor collections and coordinate default proceedings
Ensure compliance with Property Management Policies and Procedures, codes, regulations, and governmental agency directives
Provide management and leadership to property staff, including hiring and performance management
Develop comprehensive annual inspection process for properties; complete weekly, monthly, quarterly, annual inspections as required for a specific asset, C&W’s best practices, and/or client requirements
Develop operating and capital budgets, track variances, oversee the completion of CAM reconciliations, and ensure smooth recovery process
Bid, negotiate, and manage conformity with vendor contracts in accordance with C&W’s contract requirements or client requirements
Accurately abstract all property leases in lease administration software
Maintain interface with third-party owners and accounting team to ensure total contract compliance, including preparation of accurate and timely reporting
Coordinate and oversee on behalf of client, all tenant and building construction work to ensure timely and accurate completion of all construction work at property
Participate in leasing and client team meetings and ensure effective communication between leasing and property management team members in order to achieve client’s goals and objectives
Provide and foster positive relationships with tenants, external clients, and internal clients