Portfolio Manager - Central Los Angeles

Rexford Industrial Realty, Inc.; Los Angeles (CA); On-site; USD 100,000 - 109,000; Full time

Benefits offered by this job

Benefits package including medical, …

Flexible time off

Bonus eligibility

401(k) match program

Professional development resources

Health and wellness program

Volunteer opportunities

DEI Employee resource groups

Job summary

Rexford Industrial Realty, Inc. in Los Angeles, CA seeks a Portfolio Manager to support Senior Portfolio Managers in managing a large industrial portfolio and oversee day-to-day property operations.

The role requires a minimum of two days per week in the office, with additional on-site visits to properties as needed to support operations and priorities.

Qualifications

• BA degree or equivalent to a 4-year college degree.
• 4+ years property management experience managing a commercial/industrial multi-tenant portfolio.
• Proven record of providing excellent internal and external customer service.
• Experience with Budgets and CAM Reconciliations.
• Excellent organizational and time management skills with strong attention to detail.

Responsibilities

• Ensure Property Management services are provided in compliance with policies, procedures, regulations and lease obligations.
• Bid, negotiates and manage vendor contracts.
• Conduct routine property inspections to identify problems and exposures.
• Assist Senior Portfolio Managers in annual Budgets for operating and capital expenses.
• Review and approve monthly rent roll; ensure timely statements.
• Oversee rent collection and payment of expenses.
• Coordinate tenant move-ins/move-outs and required paperwork.

Skills

Property management

Customer service

Accounting

Organizational skills

Attention to detail

Education

BA degree or equivalent to a 4-year college degree

Tools

Yardi

Microsoft Excel

Microsoft Word

Job description

Rexford Industrial Realty, Inc. (NYSE: REXR) is a leading, publicly traded industrial real estate investment and management company operating a $14 Billion industrial real estate portfolio.

We have an exciting opportunity for aPortfolio Manager to join our team in the Los, Angeles, CA office. You will provide support to the Senior Portfolio Managers in the management of a large industrial portfolio and be responsible for managing the day-to-day activities of the properties and property staff to fulfill the objectives set each year.

Work Arrangement: This role requires a minimum of two days per week in the office, with additional in-office presence based on business needs. The position also requires regular visits to company properties as needed to support operational and business priorities.

Property Manager Responsibilities include but may not be limited to:

• Ensure Property Management services are provided in compliance with policies, procedures, regulations and lease obligations and standards for assigned portfolio.
• Bid, negotiates and manage vendor contracts.
• Conduct routine property inspections to prevent/identify problems and exposures.
• Recommend alterations, maintenance and reconditioning for Senior Portfolio Manager and/or Director, as necessary.
• Assist Senior Portfolio Managers and/or Director in the completion of quarterly and annual property inspection reporting.
• Assist in preparation of annual Budgets for operating and capital expenses.
• Complete annual Common Area Maintenance (CAM) reconciliations.
• Responsible for the review and approval of the monthly rent roll, and to ensure statements are sent out timely.
• Ensures timely rent collection and Watch list updates and payment of property expenses.
• Ensures tenant needs are met by administrative and building technical staff to resolve problems promptly.
• Provide and foster positive relationships with tenants and internal clients.
• Oversees transfer of acquisitions/dispositions, including utilities, new vendors, tenant set-up and welcome letters.
• Assist Senior Portfolio Managers and/or Director in the coordination of tenant improvements through punch-list, interior/exterior building capital projects in cooperation with the Construction Department (as required).
• Coordinates tenant move-ins and move-outs, completion of all required paperwork including security deposit refund, within required timeframe.
• Coordinates Preventative Maintenance Programs for building systems, roof and other, as required.
• Assist Senior Portfolio Managers and/or Director in the coordination of legal action as necessary, including unlawful detainer action, early lease terminations/settlement agreements.
• Assists in the preparation and delivery of timely, accurate and complete variance reporting and accruals on a monthly basis, and other reporting, as required.
• Assists in tracking Environmental related issues at properties and ensuring compliance by tenants and vendors.

Property Manager Qualifications

• BA degree or equivalent to a 4-year college degree
• 4+ years property management experience managing a commercial/industrial multi-tenant portfolio
• Proven record of providing excellent internal and external customer service
• Experience with Budgets and CAM Reconciliations
• Excellent organizational and time management skills and a strong attention to detail
• Strong accounting skills and knowledge
• Proficient with Microsoft Excel, Word and Yardi

Compensation

Rexford Industrial's total reward plan includes a premier benefits package, bonus eligibility and long-term stock incentives. The expected annual base salary range for this role is $100,000 to $109,000, with a 20% discretionary annual bonus target and stock grant eligibility.*The actual base salary and total compensation offered depend on a variety of factors, which include, without limitation, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location where the job will be performed. The final base salary and total compensation will be described in any offer letter.

ADA Requirements: The physical demands, work environment factors, and mental functions described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:While performing the duties of this job, the employee is required to stand; walk; sit for extended periods of time; use hands to feel, handle, or type; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl; talk or hear. The employee must occasionally lift and/or move or carry up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus. Additionally, employee may be required to drive to a property, walk on uneven ground, walk through a construction site, be exposed to dust or fumes and work around machinery or equipment.

What We Offer

• Comprehensive Benefits Package Including Medical, Dental, Vision, and Life Insurance.
• Flexible Time Off
• Bonus Eligibility & Long-Term Incentives
• 401(k) Employer Match Program
• Professional Development Resources
• Robust Health & Wellness Program
• Volunteer and Community Engagement Opportunities
• Employee Resource Groups committed to Diversity, Equity, and Inclusion.

We are committed to equity in all steps of the recruitment and employment experience. We celebrate diversity and are committed to promoting an inclusive environment for all employees. We do not discriminate based on race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. We strive to be a safe place to ask questions, build professional relationships, and develop careers. Qualified applicants with arrest or conviction records will be considered for the position in accordance with the Los Angeles County Fair Chance Ordinance.

In accordance with the California Consumer Privacy Act (“CCPA”), Rexford Industrial Realty, Inc. (“Rexford”) makes the following disclosure: in connection with an application for employment at Rexford, Rexford is collecting the categories of personal information requested in the application for the purpose of evaluating a potential employment relationship with the applicant. Rexford does not sell personal information. To learn more about Rexford’s privacy policy, please visit https://www.rexfordindustrial.com/privacy-policy

*These stock grants are subject to approval by the Compensation Committee of the Board of Directors, are currently subject to vesting over a four-year period, with 25% of the grant vesting per year, and require continued employment on the grant date and each applicable vesting date. Actual bonus and stock grants are discretionary based on company and/or individual performance determined by Rexford Industrial in its sole discretion, and the amount of any such bonus and/or stock grant may be less or more than the targets (and may be zero). You must remain employed through the payment date of any such bonus and/or vesting to be eligible for payment/vesting.