Regional Vice President

2 weeks ago

Memphis, United States Fogelman Properties Full time

Fogelman is hiring an additional Regional Vice President to oversee lease up and stabilized conventional properties in the Memphis market. We keep growing and are looking for engaging leaders with Class A, Conventional experience to lead our properties. The ideal candidate possesses 4 plus years of experience overseeing 3 -5 conventional, Class A properties, experienced with marketing and leading new developments in the Memphis market, is a good communicator with onsite teams and ownership, strong financial acumen and a team motivator.

Fogelman is a leader in the multifamily industry with over 60 years of experience. We offer competitive pay and benefits, on-going training, associate recognitions, community involvement and opportunities for growth. Invest your career with Fogelman

Position Overview:

As a Regional Vice President (RVP) you will oversee 6+ multifamily properties in multiple cities. The portfolio will be comprised of affiliated properties and third party fee managed properties. You will be responsible for leading and motivating the on-site management teams toward meeting and maintaining the highest possible operating standards. You will be responsible for meeting property performance expectations through organized RVP site visits/audits, frequent “watch list” calls with Asset Management, adherence to budget, adoption of new management products and processes and the communication and execution of the investment objectives. Communication is highly valued. You will be expected to foster and maintain effective two-way communication with your teams, SVP, departments and asset manager/ownership representatives to build trust and ensure collaboration and ongoing engagement.

Essential Duties/Responsibilities:

  • Recruits, hires, trains, motivates, supervises, and evaluates Business Managers and on-site teams to maintain the highest possible operating standards.
  • Ensure site level compliance with Fogelman purchase order and payables policies and procedures.
  • Review and approve payables invoices in accordance with FMG or third-party procedures.
  • Communicate all budget variances to asset manager/ownership representative in advance.
  • Review all reporting for accuracy. This will include weekly update reports, variance reports, monthly executive summary and any required ownership specific reporting.
  • Review weekly leasing activity and work with assigned marketing director to respond with changes/recommendations to property.
  • Review and present all applicable capital bids to owner with recommendation for approval.
  • Consistently update SVP on all property related employee issues, emergencies, property damage/liability issues, budget variances, and capital projects.
  • Forecast revenue and expenses for the current month and notify ownership of any meaningful variances, per management agreement requirements.
  • Communicate with owner representative/asset manager to provide operational updates. Live by “no surprises” operating philosophy. Copy SVP on all owner communication.
  • Review all monthly preliminary and final financial statements for accuracy.
  • Monitor lease expirations and review and approve monthly rate increases to ensure FMG policy compliance.
  • Monitor and adjust rental rates in coordination with the site manager and revenue management team daily.
  • Visit each property monthly and conduct FMG Quarterly audits to ensure property compliance with FMG and/or owner policies and procedures.
  • Provide direction and guidance as needed to ensure Fogelman Curb Appeal and property presentation standards are strictly adhered to.
  • Review all life/safety inspections, reports and follow up and report to asset manager or ownership representative.
  • Demonstrate a full working knowledge of all company policies, procedures and workflows and will be responsible for assuring that team members have working knowledge of applicable policies, procedures and workflows.
  • Other duties, as assigned.

Minimum Qualifications:

  • High School Diploma or equivalent required; Bachelor’s or higher preferred
  • 3+ years successful management experience, preferably in property management; Multi-site experience preferred
  • Knowledge of onsite property management procedures
  • Proficiency with Experience in computer programs such as Word, Excel, Publisher, etc.
  • Experience with industry-specific operating platforms such as Yieldstar, Yardi Voyager, Rent Café CRM, etc.
  • Excellent verbal and written communication skills
  • Able to direct the work of others
  • Strong knowledge and understanding of budget management and expense control
  • Must be willing and able to travel
  • Valid driver’s license
  • Ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a computer keyboard.

Fogelman is a drug free workplace and Equal Opportunity Employer. Offers are contingent upon the successful completion of the pre-employment process which may include criminal background, motor vehicle reporting, drug testing, and reference checks.

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