Senior Portfolio Manager

Thalhimer • Short Pump, VA

1d • Hybrid

About The Position

Responsible for maintaining both the physical and fiscal aspects of a property or a portfolio of commercial properties (i.e. retail, office, industrial, office-medical, etc.) with an emphasis on maximizing the value of the property in accordance with each client's mission, goals, and objectives.

Requirements

• A minimum of five years related experience in commercial property management.
• Competency with industry computer skills and software: such as Microsoft Office, MRI,Yardi, Prism, Nexus, Versa-pay, etc.
• Proficient in Accrual accounting
• Ability to understand and execute expense reconciliations
• Ability to understand and interpret commercial lease language
• Skilled in variance reporting and incident reporting
• After hours availability required

Nice To Haves

• A bachelor's degree from accredited college or university is preferred.
• Industry accreditations are a plus.
• Participates in industry organizations to expand education and knowledge

Responsibilities

• Maintains and preserves the physical asset: Procures, coordinate, manages, and supervises employees and contractors necessary for the maintenance operations of the properties. Conducts formal site inspections on properties interior and exterior and report on same. Leads the client on physical repairs and/or replacement recommendations. Observes and reports all risk management issues. After hours availability required in accordance with coverage and PTO/ time off policies.
• Financial reporting and control in collaboration with Accounting Dept: Monitors accounts receivable for assigned properties. Administers tenant default notices as applicable in collaboration with lease administration and the client. Monitors and processes accounts payable for assigned properties. Manages and monitors property's cash balance. Approves property invoices in accordance with Company procedures. Coordinates and reviews monthly financial reports prior to submittal to client. Collaborates with accounting and lease administration on annual operating expense reconciliations. Prepares and monitors annual property operating budgets. Proficient in capital planning in accordance with ownership's goals and objectives. Provides variance comments for deviations from the budget. Meets the expectations of Institutional Ownership assignments. Understands both cash and accrual based accounting methods.
• Administration: Assists with the selection, training, and control, of supervised employees (as applicable) in compliance with company policies and procedures. Interfaces with outside professional services providers regarding legal, accounting, insurance, real estate taxes, and other matters, as appropriate. Ensures all property files and records are maintained. Manages time spent between both in office and on-site at the property. Establishes and maintains general market knowledge, tenant relations, and asset evaluation. Completes all duties in a professional and timely manner. All other tasks as defined.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior