Vice President, Property Operations

The Dermot Company, LP; New York (NY); Hybrid; USD 90,000 - 150,000; Full time

Job summary

An established industry player in real estate development is seeking a Vice President of Property Operations to oversee a diverse portfolio of multifamily assets. This hybrid role requires a strategic leader with extensive experience in property management and a track record of enhancing financial performance and resident satisfaction. The ideal candidate will foster a collaborative environment, lead large-scale renovation projects, and implement effective marketing strategies. Join a company that values its team members and offers a supportive culture, competitive compensation, and comprehensive benefits.

Benefits

Medical, Dental, and Vision Insurance

Paid Time Off

Retirement Plan with Match

Flexible Work Environment

Employee Assistance Program

Qualifications

• 5+ years overseeing multifamily assets and leading property management teams.
• Knowledge of Florida property management laws and regulations.

Responsibilities

• Manage operational and financial performance of multifamily properties.
• Lead a team of General Managers and oversee budget processes.

Skills

Property Management

Budgeting and Financial Oversight

Leasing and Marketing Strategies

Interpersonal Communication

Emotional Intelligence

Education

Bachelor's Degree in Business Administration or related field

Tools

MS Office

Google Suite

Job description

The Dermot Company, a New York and Florida based real estate developer and operator, is seeking a Vice President of Property Operations (VP). Reporting to the Director of Portfolio Operations, the VP will manage a team of General Managers and oversee a portfolio of multifamily assets ensuring optimal financial performance and resident satisfaction.

This is a full time, hybrid position based in West Palm Beach, Florida.

ABOUT US

The Dermot Company, LP is a fully-integrated real estate enterprise with over 30 years of experience, over $5 billion in assets and 7,500 units under management. As a diversified firm, we develop, invest in, and manage luxury multi-family buildings in New York City and Florida. Dermot is committed to providing an outstanding residential experience for residents and attractive returns to investors.

ABOUT THIS ROLE

As the Vice President, we’ll look to you to:

• Oversee the operational, including building maintenance, and financial performance of a portfolio of multifamily and/or mix-used properties to maximize NOI, mitigate risk and enhance the customer experience
• Oversee and spearhead portfolio annual review and budget processes keeping in line with the company’s goals and objectives
• Lead internal and external resources on the implementation of large-scale renovation projects ensuring timely completion within budget
• Ensure each property is meeting Dermot standards, compliance requirements and resident expectations
• Build, lead and guide a team of General Managers and their direct reports while fostering an environment of belonging and development
• Collaborate across the organization in developing and implementing processes and key initiatives to drive the success of our brand
• Serve as the domain expert for the assigned market and proactively build and implement strategies to increase brand awareness and be a leader in the market
• Establish best practices specific to assigned market while also working in conjunction with New York based team to facilitate portfolio wide synergies and SOPs
• Build and maintain relationships with Principals, the board of directors, partners and third party ownership
• Manage communications between senior leadership, the board, partners and third party ownership including but not limited to preparing reports and presenting at investor meetings
• Have an all hands on deck approach and be available for urgent or immediate matters including but not limited to managing the day-to-day at properties if needed
• Meet overall business goals and objectives for the assigned portfolio

ABOUT YOU AND WHAT YOU OFFER

• Minimum of five (5) years of having full oversight of a portfolio of multifamily assets and leading property management and leasing teams; have progressively responsible experience in the property management field
• Knowledge in designing and implementing leasing and marketing strategies in the Florida market; experience must be recent
• Extensive experience with budgeting processes, including identifying expenses to maintain business operations, planning and monitoring spend
• Working knowledge of all required laws and regulations regarding property management and multifamily and mix-use buildings in Florida
• Exceptional presentation, interpersonal, communication and follow-through skills.
• Comfort working independently with a self-starter approach
• High emotional intelligence and authenticity
• Proficient in various property management technologies, MSOffice and Google Suite
• Stellar references
• Ability to travel to New York quarterly
• Authorized to work in the United States without any restrictions

ABOUT OUR CULTURE, SALARY & BENEFITS

Our team is the most valuable asset we have. The individual life experiences, knowledge, creativity, skills, self-expression, unique capabilities, cultural influences and talent that our team members share at Dermot collectively contribute to Dermot's culture and success.

Our compensation and benefits package include a competitive salary, commensurate with experience with bonus potential, comprehensive benefits including medical, dental and vision, life, long term disability, employee assistance program, paid time off and retirement with match when eligible. Dermot also provides a flexible work environment to support its team members.

Dermot strives for an environment where everyone feels welcome and safe. We actively work to offer equitable opportunities for all and look for the right balance of potential, skills, kindness and curiosity. Dermot does not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, or veteran status. We celebrate authenticity and we encourage you to apply if you would like to be considered for this role.