Sr. Commercial Property Manager

The Inland Real Estate Group of Companies • Downers Grove, IL

6d • $97,589 - $130,000

About The Position

The Sr. Commercial Property Manager oversees a portfolio of retail and shopping center properties, managing their financial performance, operational excellence, and physical condition. The role works closely with tenants, vendors, property accounting, leasing, and senior management to maximize property value, enhance tenant satisfaction, and achieve financial objectives. The position requires approximately 50% travel and is eligible as an internal promotion opportunity.

Requirements

• Bachelor’s degree required.
• At least 5 years of commercial property management experience.
• Strong understanding of budgeting, financial reporting, capital improvement projects, and property operations.
• Excellent communication, organizational, problem-solving, and time management skills.
• Ability to build strong relationships with tenants, vendors, and internal stakeholders.
• Ability to manage multiple priorities in a fast-paced environment.
• Ability and willingness to travel approximately 50% of the time.
• Strong financial acumen focused on maximizing Net Operating Income (NOI).
• Customer-service mindset and commitment to tenant satisfaction.
• Proven ability to manage complex commercial real estate operations.
• Attention to detail, accountability, and a proactive approach to problem-solving.

Nice To Haves

• Prior experience managing a portfolio of retail properties and/or shopping centers.

Responsibilities

• Manage the day-to-day financial and operational performance of assigned retail properties.
• Develop and administer annual operating budgets and monitor performance against budget goals.
• Prepare monthly budget variance reports and recommend ways to improve performance.
• Conduct regular property inspections to ensure assets are maintained to high standards.
• Identify and mitigate safety, risk management, and liability concerns.
• Manage vendor relationships, review performance, negotiate contracts, and ensure quality service delivery.
• Build and maintain tenant relationships by responding to questions, concerns, and operational needs.
• Monitor tenant accounts receivable and support collection efforts and dispute resolution.
• Report collection activity and property performance metrics to senior management.
• Oversee tenant improvement allowances and coordinate tenant construction activities.
• Collaborate with marketing teams on property promotions, events, and signage initiatives.
• Ensure compliance with lease terms, operational agreements, maintenance responsibilities, corporate policies, and government regulations.

Benefits

• Medical, dental, and vision insurance (PPO).
• Company 401(k) plan with company match.
• Vacation time, nine paid holidays, and three floating holidays per year.
• Sick time.
• Tuition reimbursement opportunity.
• Company-paid life insurance equal to annual base salary.
• Company-paid short-term and long-term disability.
• Paid parental leave.

What This Job Offers

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