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Director of Commercial Real Estate

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Property Management
Location
Philadelphia
 PA
Postal Code
19106
Country
United States

This job is no longer active.

Description


AREA OF RESPONSIBILITY:
The Director of Commercial Real Estate will be responsible for the management of a growing urban Philadelphia
portfolio of company-owned commercial assets. Primary responsibilities will include ensuring billing and collection
of revenue, the efficient management of expenses and repairs, administration of lease terms, provide accurate &
timely reports and maintaining a strong relationship with tenants and vendors.

REQUIRED EXPERIENCE:
This person will have prior, established, commercial property management and real estate industry experience.
Knowledge and experience with monthly financial reporting, variance analysis, budgeting and general accounting
functions including AR and AP. Strong performance-driven management experience.

RESPONSIBILITIES:
  • Lead, supervise and direct all aspects of the commercial properties division and its portfolio.
  • Drive the overall growth strategy and success of the commercial properties division. Identify, create and prioritize objectives and oversee their implementation.
  • Present to the CEO and Executive Management team all critical business decisions, major deviations from business plans, and potential revisions to key operating strategies/guidelines; obtain agreement on preferred approach and execute decision.
  • Institutionalize company operating strategies, plans and procedures.
  • Establish policies that promote company vision and culture.
  • Actively participate in budgeting, capital planning, staffing and recruiting.
  • Manage staff of eight: including APM, Maintenance Supervisor, two Maintenance technicians, two Porters
    and two Front Desk.
  • Resolve all day-to-day property management issues.
  • Ensure tenant compliance with lease agreements.
  • Manage internal and external vendors to address tenant repair and maintenance issues.
  • Prepare annual operating and CAM budget for all properties.
  • Review, approve and code all property level expenses; distinguish between CAM and non-CAM expenses.
  • Monitor the billing and collection of monthly invoicing to tenants including CAM billings, taxes, insurance and percentage rent.
  • Complete annual bench marking for commercial properties.
  • Prepare and review monthly financial reports, annual operating budgets and CAM reconciliations.
  • Responds to after hour property or tenant emergency calls.
  • Abstract all leases and understand major clauses affecting the operation and income of the property.
  • Handles new tenant move-ins and coordinates with tenants as necessary.
  • Responsible for executing the on-boarding process of new properties and tenants.
  • Bid, negotiate and implement service contracts with all 3rd party vendors including landscaping, security, janitorial, snow removal, etc.
  • Assist with upcoming renewals, expansions, LOI’s, lease drafts in coordination with legal.
  • Monitor all commercial delinquencies throughout portfolio, payment arrangements.
  • Coordinate all fire alarm, annual fire drill, sprinkler & property inspections, backflow, elevator inspections, annually.
  • Renew all property licenses.
  • Resolve all violations.
QUALIFICATIONS AND QUALITIES:
  • Highly transparent, ethical and driven.
  • Detail oriented, creative self-starter and team player willing to go above and beyond on a regular basis.
  • Ability to work long hours in fast paced, entrepreneurial work environment.
  • Excellent inter-personal written and verbal communication skills to include the proven ability to present
  • to an executive team.
  • Excellent leadership skills and ability to develop and implement a long-term strategic plan.
  • Strong performance driven management experience.
  • Ability to lead and motivate employees to produce quality work product within tight timeframes, while simultaneously managing multiple projects.
  • Ability to comprehend standard lease documents.
  • Proficiency with Yardi and Google Drive required.
  • Proficiency with MS Office (Excel, Word, etc.) required.
  • Bachelor’s degree required.

Job Functions


  • Facilities Management
  • Leasing
  • Property Management
 

Job Sectors


  • Residential
  • Hospitality / Entertainment
  • Industrial
  • Office
  • Retail
 

Experience


5+ to 7 years


This job is no longer active.

 
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