Senior Portfolio Manager

Cushman & Wakefield | Thalhimer; Glen Allen (VA); On-site; USD 100,000 - 125,000; Full time

Job summary

Cushman & Wakefield | Thalhimer is seeking a Senior Portfolio Manager responsible for the physical and fiscal management of a portfolio of commercial properties, maximizing value for clients. The role requires overseeing maintenance, budgeting, and financial reporting, with leadership of project initiatives and tenant relations.

Qualified candidates have a bachelor's degree (preferred) and at least five years in commercial property management, with proficiency in industry software and accrual

Qualifications

• Bachelor's degree preferred; five years in commercial property management.
• Industry accreditations are a plus.
• Experience with property management software and financial reporting.

Responsibilities

• Maintains and preserves the physical asset; coordinates maintenance staff.
• Monitors accounts receivable and payable; assists with annual budgets.
• Interfaces with accounting and lease administration on reconciliations and reports.
• Manages tenant relations and client communications; ensures records are up to date.
• Ensures compliance with company policies and property management agreements.

Skills

Leadership

Accrual accounting

Expense reconciliations

Lease language

Variance reporting

Client relations

Property management

Education

Bachelor's degree preferred

5+ years property management experience

Tools

MRI

Yardi

Prism

Nexus

Versa-pay

MS Office

Job description

Reports To:

Vice President or Associate Director

Primary Function:

Responsible for maintaining both the physical and fiscal aspects of a property or a portfolio of commercial properties (i.e. retail, office, industrial, office-medical, etc.) with an emphasis on maximizing the value of the property in accordance with each client's mission, goals, and objectives.

Education / Experience:

A bachelor's degree from accredited college or university is preferred. A minimum of five years related experience in commercial property management. Industry accreditations are a plus.

Qualifications

• Capable of leading special projects/assignments
• Competency with industry computer skills and software: such as Microsoft Office, MRI,Yardi, Prism, Nexus, Versa-pay, etc.
• Proficient in Accrual accounting
• Ability to understand and execute expense reconciliations
• Ability to understand and interpret commercial lease language
• Skilled in variance reporting and incident reporting

Responsibilities

The activities listed here are not all-inclusive; rather, they indicate the types of activities normally performed by this position in accordance with company standards and property management agreements:

• Maintains and preserves the physical asset:
  • Procures, coordinate, manages, and supervises employees and contractors necessary for the maintenance operations of the properties
  • Conducts formal site inspections on properties interior and exterior and report on same
  • Leads the client on physical repairs and/or replacement recommendations
  • Observes and reports all risk management issues
  • After hours availability required in accordance with coverage and PTO/ time off policies
• Financial reporting and control in collaboration with Accounting Dept:
  • Monitors accounts receivable for assigned properties. Administers tenant default notices as applicable in collaboration with lease administration and the client
  • Monitors and processes accounts payable for assigned properties
  • Manages and monitors property's cash balance
  • Approves property invoices in accordance with Company procedures
  • Coordinates and reviews monthly financial reports prior to submittal to client
  • Collaborates with accounting and lease administration on annual operating expense reconciliations
  • Prepares and monitors annual property operating budgets
  • Proficient in capital planning in accordance with ownership's goals and objectives
  • Provides variance comments for deviations from the budget
  • Meets the expectations of Institutional Ownership assignments
  • Understands both cash and accrual based accounting methods
• Administration:
  • Assists with the selection, training, and control, of supervised employees (as applicable) in compliance with company policies and procedures
  • Interfaces with outside professional services providers regarding legal, accounting, insurance, real estate taxes, and other matters, as appropriate
  • Ensures all property files and records are maintained
  • Manages time spent between both in office and on-site at the property
  • Establishes and maintains general market knowledge, tenant relations, and asset evaluation
  • Completes all duties in a professional and timely manner
  • All other tasks as defined

Attributes / Expectations

• Committed to customer service
• Professional in both dress and demeanor
• Takes ownership and understands entire property operations -physical/fiscal
• Communicates effectively and efficiently (proactively and in all directions)
• Participates in industry organizations to expand education and knowledge
• Responsive to requests whether internal or external to the company
• Embraces and executes Thalhimer's Core Values
• Command and control approach to all aspects of the role of Senior Portfolio Manager
• Critical thinker with penchant for leadership
• Extremely well organized and analytical
• Able to effectively interact and relate to a variety of personality types
• Empathic listenerExcellent time management skills with innate ability to routinely multi-task.
• Strong attention to detail

Cushman & Wakefield | Thalhimer is an Equal Opportunity Employer.

Salary: $100000 - $125000 per year