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Management Trainee
4 months ago
Job Location:
Woodfield Mall
PRIMARY PURPOSE:
To learn, understand and undertake the role and responsibilities of the Mall Manager while supporting the Mall Manager in protecting and enhancing the value of the owner's real estate assets. The incumbent will assist the Mall Manager in identifying center objectives while learning how to translate those objectives into operations, marketing, leasing and other profit enhancing strategies.
The Management Trainee will be expected and required to complete all aspects of the established training program, demonstrate a working knowledge of the responsibilities of the Mall Manager position and be proficient in all aspects of managing a shopping center. This position is expected to relocate, after the 9 -24 month training is complete, to an assigned, open mall management position.
PRINCIPAL RESPONSIBILITIES:
- Maximize EBITDA through a deliberate process of increasing all potential income sources, while controlling expenses
- Understand and analyze all financial reports, leases, REAs, and other information and concepts and work with the mall team to implement the appropriate strategy to achieve the property’s targeted EBITDA budget and growth rate
- Assist Mall Manager with the development and implementation of a comprehensive Strategic Business Plan which addresses the opportunities and needs of the center
- Learn and understand all aspects of permanent leasing results and participate in leasing activities from canvassing through lease execution
- Optimize total performance in short-term leasing while maintaining exceptional standards
- Understand all aspects of the Simon security initiative and support the Mall Manager in the development and implementation of the property’s public safety and security strategy
- Understand all aspects of the marketing and SBV initiatives while enhancing revenue and retail sales through the development and implementation of the property marketing plan
- Create a best-in-class shopping experience for customers in every possible way
- Work with the mall team to create a positive shopping experience for customers through establishing and maintaining appropriate operating standards at a competitive cost
- Assist in the development and execution of the 5-year capital plan that focuses on asset preservation and life cycle costs, maintain a comfortable and safe shopping environment, and reflect revenue enhancement/expense reduction opportunities
- Learn and understand the skills required to identify, retain, develop, motivate and successfully lead all members of the mall team
- Develop and maintain strong, productive relationships with tenants and anchor stores
- Understand and take an active role in developing and sustaining strong and productive community and partner relations
- Gain in-depth knowledge and understanding of all aspects of administrative and company policies and procedures
- Understand and demonstrate the qualities and characteristics that are necessary to be an effective leader
MINIMUM QUALIFICATIONS:
- Minimum of 1 or more year’s experience or training in management, business, or a field related to commercial or retail real estate
- Bachelor’s Degree from a 4-year college or university
- Ability to analyze and interpret financial reports, budgets, contracts and similar documents necessary to management and operate a shopping center
- Demonstrate sound verbal and written communication skills, and be comfortable in public speaking situations
- Strong human relations skills
- Ability to adapt to a dynamic work environment
