Day-to-day responsibility for the Net Operating Income performance of a retail real estate portfolio, develop strategies to maximize value of each asset through revenue enhancements, expense reductions, leasing strategies as well as potential redevelopment and/or repositioning strategies. Supervise both internal and external maintenance and property management personnel and must work well in a cross-functional team environment.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Oversight for day-to-day property management functions through utilization of internal or external property management/maintenance resources.
Prepare annual operating and capital expenditure budgets for each asset.
Act as a liaison with leasing department on property level leasing matters, providing support as necessary to accomplish annual leasing goals at the property.
Develop and execute annual strategic management plans for each property to include expense reduction efforts and revenue enhancement strategies (ancillary income opportunities).
Have ownership of each property's ability to meet or exceed property branding standard, appearance, cleanliness, sight lines, signage, etc.
Primary risk manager at the property level, interfacing with legal and insurance carriers.
Stays abreast of trends within the real estate industry as well as retailer world, knows and understands issues impacting retailers.
Supervises Facilities Staff
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
5-7 years of real estate experience, in property management or asset management.
Strong communication skills (written and oral).
Ability to interact with all levels of the organization professionally and confidently as well as with tenants and customers of the property.
Proficient in all MS Office applications; CRM applications and other general office applications; Ability to adapt to new technological evolutions such as iPad applications, business software, etc.
Understand core finance and accounting fundamentals related to property management.
Education and/or Experience
Bachelor's degree (B.A./B.S.) from a four-year college or university; and 5 - 7 years related experience and/or training; or equivalent combination of education and experience.
Poline Search Partners is an international executive search firm specializing in the shopping center industry. We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.