Senior Property Management Executive
2 months ago
About the Role
The Senior Property Management Executive will provide leadership to Property Managers in support of the oversight of their respective properties. This role will oversee a portfolio totaling approximately 5,000,000+ rentable square feet and 700+ tenants. The ideal candidate will have strong decision-making skills, successful guidance over a team, and extensive experience in real estate management.
Key Responsibilities
- Provide strong leadership and mentorship skills to the property management staff in a manner that motivates commitment and results. Develop and implement staff planning and development initiatives to meet the on-going management/professional requirements as required to meet business needs.
- Establish and maintain strong working relationships with all stakeholders, including hospital officials, tenants, and community leaders. Direct/plan, organize and manage the activities of across assigned portfolio through the optimal utilization of resources to provide the consistent delivery of the Service Promise.
- Ensure the proper training, guidance and feedback is deployed to implement aggressive annual expense management and service contracting practices that drive property operating expense budgets to support achievement of Net Operating Income (NOI) growth targets, Common Area Maintenance (CAM) budgets and maximize cash flow.
- Follow and adhere to the Asset Strategy plans for assigned properties, to include recommendations on capital expenditures. Work with Property Managers to ensure they maintain a thorough understanding of the strategic direction of the asset and ensure the management of their assigned properties is consistent with this strategy.
- Maintain a strong working knowledge of all operations and financial policies, procedures, and systems. Ensure the implementation and ongoing training, utilization and compliance with all company policies, procedures and systems required for the effective property management of assigned properties.
- Ensure the timely completion of monthly and quarterly management reports that meet all required expectations, to include but not limited to, budget variance reports, reforecasts and income and expense reports with variances. Responsible for evaluating monthly financial results, identifying trends in financial performance, and presenting results to internal stakeholders.
- Responsible for the ongoing collection of tenant rents. Review and approve tenant delinquency report. Develop and implement proactive rent collection and delinquency management measures, promptly responding to any deviations from collection policy.
- Direct the implementation and maintenance of proper risk management practices to include consistent fulfillment of vendor insurance obligations, building life safety and security procedures, and implementation of incident/accident prevention measures and analysis required for the proper administration of all assigned properties.
- Assist in the due diligence and on-boarding of new property acquisitions to include property inspections, review of due diligence material, communicating with seller's property management, transitioning vendors, and insuring transparent transition for tenants.
- Create practices leading to the procurement of products and services that optimize available economies of scale.
About Welltower
Welltower is a leading healthcare real estate investment trust (REIT) that invests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom. The company owns interests in seniors housing, post-acute communities, and outpatient medical properties. Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people.
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