Commercial Property Manager

Oakbrook Corporation; Madison (WI); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Commercial Property Manager to oversee a diverse portfolio of commercial properties. In this pivotal role, you will develop and implement effective financial plans, monitor expenses, and ensure compliance with budgetary requirements. Your expertise will guide daily operations and maintenance, while also fostering strong tenant relations. This position offers the opportunity to enhance property value through capital projects and risk management strategies. Join a forward-thinking company where your contributions will directly impact financial performance and operational excellence.

Qualifications

• 5+ years of experience in commercial property management is preferred.
• Professional certification in real estate or related fields is preferred.

Responsibilities

• Develop and implement annual budgets for each property.
• Monitor and analyze financial performance, identifying areas for cost reduction.
• Oversee daily property operations, including tenant relations and maintenance.

Skills

Analytical Skills

Communication Skills

Problem-Solving Skills

Attention to Detail

Organizational Skills

Property Accounting Software Proficiency

Microsoft Office Suite Proficiency

Education

5+ years in Commercial Property Management

Professional Certification in Real Estate (e.g., CCIM, CRE)

Tools

Yardi

MRI

AppFolio

Buildium

Job description

The Senior Commercial Property Manager will oversee the financial and operational performance of a portfolio of commercial properties. The Senior Commercial Property Manager will be responsible for developing and implementing effective financial plans, monitoring expenses, ensuring compliance with budgetary requirements, and overseeing daily operations and maintenance of the portfolio.

Primary Responsibilities:

• Develop and implement annual budgets for each property, including revenue and expense forecasting.
• Monitor and analyze financial performance, identifying areas for cost reduction and optimization.
• Ensure compliance with budgetary requirements, track variances, and make necessary adjustments.
• Review and present regular financial reports to senior management and stakeholders.
• Oversee daily property operations, including tenant relations, maintenance, and repairs.
• Ensure compliance with relevant laws, regulations, and company policies.
• Coordinate with vendors, contractors, and external partners as needed.
• Identify and mitigate risks related to property operations, such as insurance claims, tenant defaults, and regulatory non-compliance.
• Develop and implement risk management strategies to minimize losses and maximize returns.
• Develop and prioritize capital expenditure projects to enhance property value and profitability.
• Manage capital projects from initiation to completion, ensuring timely and within-budget delivery.
• Prepare reports on property performance, including financial statements, occupancy rates, and market trends.
• Analyze data to identify trends, opportunities, and areas for improvement.
• Understand and properly administer leases.

Required Skills/Abilities:

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work independently with minimal supervision.
• Proficiency in property accounting software (e.g., Yardi, MRI) and Microsoft Office Suite (Excel, Word).
• Strong attention to detail and organizational skills.
• Valid driver's license required.

Education and Experience:

• Minimum of 5 years of experience in commercial property management preferred.
• Professional certification in real estate or related fields (e.g., CCIM, CRE) preferred.
• Experience with property management software (e.g., AppFolio, Buildium) preferred.
• Experience with CAM and CAM reconciliations preferred.

Physical Requirements:

• Prolonged periods of sitting at a desk.
• Ability to walk properties for extended periods, including stairs.