Manager, Property

Newmark; Chicago (IL); On-site; USD 95,000 - 127,000; Full time

Benefits offered by this job

Health, vision, dental insurance

401(k) with employer matching

Paid time off

Job summary

Newmark Group, Inc. in Chicago is seeking an experienced Property Operations Manager to lead on-site teams and optimize portfolio performance. You will oversee budgeting, lease administration, vendor contracts, and stakeholder communications to maximize value for the owner.

Requirements include a Bachelor’s degree in business or related field, 8+ years of property operations, and applicable real estate licensing. RPA/CCIM/CPM certifications are preferred, with competitive benefits offered.

Qualifications

• Bachelor’s degree in business or related field is required.
• Minimum of 8 years’ experience in property operations.
• A valid real estate license is required in states where work is performed.
• RPA and CCIM or CPM certification preferred or required.

Responsibilities

• Assist in strengthening owner relationships by being proactive and responsive to owners’ needs.
• Assist senior management in defining goals and objectives for performance of assets.
• Prepare and report information in a timely fashion to staff and owners.
• Develop and implement service upgrades to exceed client expectations.
• Oversee budgeting, lease reconciliations and monthly financial reporting for properties.
• Review and approve vendor contracts, manage procurement and ensure compliance with standards.
• Provide leadership, evaluations, promotions and salary recommendations for on-site staff.
• Plan and manage portfolios to deliver projects within budget and schedule.

Skills

Budgeting

Vendor negotiation

Staff management

Client relationship

Education

Bachelor’s degree in business or related field

RPA and CCIM or CPM certification

Job description

• Assist in solidifying positive relationship with owner by being proactive and responsive to owners’ needs and requests.
• Assist senior management in understanding and working with the client to determine the goals and objective for the performance of the real estate assets. Assist Vice President and Portfolio Manager in developing and implementing recommendations to position the property to achieve the highest value consistent with the owner’s objective.
• Prepare and report information in a timely fashion to designated staff as set forth by Newmark and the property owners.
• Create and develop upgrades to services being provided by the company in an effort to exceed client expectations.
• Develop and implement staffing plans and job descriptions as required for assigned sites and promote continuous education for all on-site personnel.
• Bottom line responsibility for the preparation, presentation and content of the annual operating budget and monthly financial reporting package.
• Responsible for the final review and approval all annual lease reconciliation and estimates.
• Establish goals and objectives for the performance of the on-site staff in meeting set goals and objectives in a timely and efficient manner. Prepare employee evaluations and make promotion and compensation recommendations.
• Develop a resource plan with overall accountability for delivering a completed project, meeting customer requirements, within set budgets and schedules.
• Prepare lease abstracts and, in some cases, may have final approval authority of all lease abstracts and final document output.
• Review specifications prepared for service contracts. Responsible for selection and final award of contract services, vendor negotiation of service agreements and the overall monitoring of vendor performance to assure full compliance with standards established within the service agreement.
• Review and approval of payables and receivables as prepared at the site level.
• Review and supervise all accounting output as prepared by the accounting department as required by the property.
• Weekly visits to sites to review policies and procedures, personnel performance, and approving invoices requiring signature. Quarterly inspections of all properties contained within the portfolio.
• Responsible for short- and long-range planning for all properties assigned.
• Ensure that all fire, life safety and other safety programs are established and followed in conjunction with the Environmental Health and Safety Act.
• Maintain a positive image in performing daily work both internally and externally.
• May perform other duties as assigned.

Other Job Functions:

• Responsible for providing input to proposal efforts with the senior management.
• Work with management to develop and implement outstanding service programs for clients and tenants within portfolio.
• Work closely with management to ensure the property(s) succeeds as a profit center or expense control for ownership.
• May be required to conduct market surveys, recommend pricing, develop marketing programs, and establish broker rapport in support of leasing objectives.

Skills, Education and Experience:

• Bachelor’s degree in business or related field. RPA and CCIM or CPM certification required.
• Minimum of 8 years’ experience in property operations.
• Knowledge in all aspects of business including leasing and construction management.
• Must have been responsible for a portfolio of three or more projects with direct reports.
• A valid real estate license is required in states where work is performed
• May perform other duties as assigned.

Salary Range Language

The expected base salary for this position ranges from $95,000 to $127,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement plan with employer matching), this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).

Working Conditions:Normal working conditions with the absence of disagreeable elements.

Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.

About Us

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at nmrk.com or follow @newmark . Discussion of Forward-Looking Statements about Newmark Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.