Senior Property Manager (CRE)

Cushman & Wakefield•Chicago, IL

About The Position

The Senior Property Manager is responsible for managing Property Management staff, overseeing a significant portfolio or property, and serving as a point person for third-party relationships. The role provides leadership for property management operations, supports financial and reporting processes, manages tenant relations, and ensures compliance with relevant policies, agreements, codes, and regulations. The position operates in a professional office environment and routinely uses standard office equipment. It also requires travel between properties and buildings in varying weather conditions. The employee may need to travel between floors, climb stairs, and sit or stand in a stationary position for approximately 85% of the time. Cushman & Wakefield offers eligible employees access to benefit programs that generally include health, vision, and dental insurance; flexible spending and health savings accounts; retirement savings plans; life and disability insurance; and paid and unpaid time away from work. Compensation for the position is $123,250.00–$145,000.00, subject to factors including location, experience, qualifications, and applicable collective bargaining agreements.

Requirements

At least 5 years of real estate property management or related experience.
Strong knowledge of finance and building operations.
Proven experience managing, evaluating, developing, and motivating subordinates.
Ability to effectively manage a team of professionals, including employees and vendors.
Previous experience analyzing and negotiating commercial lease and/or contract language.
Advanced knowledge of Microsoft Office Suite.
Possess a real estate license.

Nice To Haves

Bachelor’s degree in Business Administration or a related discipline preferred.
CPM, RPA, or CSM designation.

Responsibilities

Direct, coordinate, and exercise functional responsibility for the property management business.
Provide property management leadership through developing and interpreting policies and programs, coordinating information flow, and setting property management strategy.
Direct and lead Property Management staff, promoting reasonable career paths for property management professionals.
Track budget variances and ensure a smooth recovery process.
Oversee billing, including invoice payments and disbursement of funds.
Monitor cash flow and cash requirements in conjunction with the Property Manager to support efficient use of cash.
Oversee preparation of reports, annual budgets, and other documents for the owner in accordance with the management agreement.
Support prompt collection of management fees and overhead reimbursements.
Maintain relationships with third-party owners, ensuring contract compliance and accurate, timely reporting.
Resolve tenant relations issues to ensure tenant satisfaction.
Conduct regular property inspections with staff.
Oversee construction projects with the Construction Manager, including approval of construction contracts and invoices.
Ensure compliance with Property Management Policies and Procedures, codes, regulations, and governmental agency directives.