Regional Property Manager II

Comerica Bank; California, El Segundo (MO, CA); Hybrid; USD 92,000 - 173,000; Full time

Job summary

An established industry player is seeking a Regional Property Manager II to oversee a diverse real estate portfolio. This role involves managing fiduciary assets, enhancing property value, and collaborating with various stakeholders. Ideal candidates will have strong decision-making and negotiating skills, along with a solid background in real estate asset management. Join a forward-thinking company that values employee growth and offers comprehensive benefits to support your well-being and career development.

Benefits

Health Benefits

Retirement Plans

Paid Time Off

Diversity and Inclusion Initiatives

Qualifications

• 8+ years of experience in real estate asset management.
• Knowledge of fiduciary principles is preferred.

Responsibilities

• Manage real estate assets through prudent asset and property management.
• Collaborate with clients and advisors to resolve portfolio issues.
• Conduct annual property inspections and coordinate valuations.

Skills

Decision-Making

Negotiating

Risk Management

Customer Service

Business Development

Education

Bachelor's degree in Accounting, Finance, Business, Management, or Real Estate

Tools

Microsoft Office Suite

Job description

Regional Property Manager II

The Regional Property Manager II is responsible for all aspects of fiduciary asset management and oversight of a real estate portfolio within an assigned geographical area. The properties may include residential, commercial, agricultural, timber, or other types.

Position Competencies

Successful candidates have strong decision-making, negotiating, risk management, and customer service skills, as well as a desire to actively participate in business development. Preferred skills/experience include knowledge of fiduciary principles.

Position Responsibilities:

1. Preserve and enhance real estate assets through prudent asset and property management, identifying, mitigating, and escalating risks.
2. Collaborate with trust officers, co-fiduciaries, clients, and professional advisors to resolve issues within the real estate portfolio.
3. Manage or oversee third-party management of commercial and residential income properties.
4. Prepare annual property reviews, coordinate triennial valuations, and perform or coordinate annual property inspections.
5. Sell and acquire real estate assets directly or through outside brokers; negotiate listing agreements, purchase and sale agreements, leases, and other related agreements.
6. Participate in business development by engaging in client calls and presentations, promoting Trust Real Estate products and services.
7. Maintain productive relationships with centers of influence and the real estate community.

Position Qualifications:

• Bachelor's degree in Accounting, Finance, Business, Management, or Real Estate from an accredited university and at least 8 years of experience in real estate asset management.
• CCIM / CPM or other professional real estate designations are a plus.
• Proficiency with Microsoft Office Suite.

Work Environment:

Category C - Days in the office will vary from 2 to 5 days per week.

Hours: 8:00 am - 5:00 pm, Monday to Friday.

Salary:

For candidates in California, Colorado, Washington, New York, Illinois, Maryland, New Jersey, or Massachusetts, the expected salary range is:

• California: $92,000 - $172,500 annually.

Salary ranges are subject to change and depend on various factors including location, experience, and skills.

About Comerica:

We invest in our employees' future through comprehensive Total Rewards, including health, retirement, and paid time off benefits. Our benefits are designed to support health, well-being, and development. Upon offer, a background and fingerprint check are conducted. For applicable roles, NMLS certification and additional screening are required.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, with operations across several states and internationally. We are an Equal Opportunity Employer committed to diversity and inclusion.