Managing Director of Commercial Property Management

2 weeks ago

Farmington Hills, MI, United States Friedman Management Full time

Friedman Real Estate seeks to hire a Managing Director to oversee, direct and supervise a team of professionals who currently provide property and asset management services to a portfolio of office, industrial and retail properties located throughout the United States. The ideal candidate for this role is an individual with 10+ years of property management experience with 5+ years of experience as a leader of people/teams. This is a high-profile position that will be based out of the company's headquarters in Farmington Hills, Michigan.

Roles and Responsibilities

  • Leadership
    • Leading, managing, and mentoring a team of 50+ property management professionals, including property/portfolio managers, maintenance technicians, and building engineers
    • Establishing quarterly and annual goals for each team member and the properties they manage
    • Providing guidance, oversight, and supervision to ensure all goals are achieved
  • Operations
    • Defining and managing operational metrics to track quantitative performance goals, while overseeing the creation and approval of operating and capital budgets, as well as monthly financial reports
    • Implementing cost control strategies and ensuring adherence to the expense budget, with a focus on revenue maximization through strategic planning and optimization
    • Managing delinquency through proactive plans to minimize arrears and enhance collections
    • Driving process improvement initiatives and standardizing operational processes for continuous improvement
  • Tenant/Owner Relations
    • Committed to delivering best-in-class client service by building trusted partnerships, maintaining open and transparent communication, and consistently exceeding tenant and owner expectations
    • Serving as a proactive and reliable point of contact for tenants and owners, ensuring issues are resolved efficiently and professionally
What we are looking for
  • Extensive experience in budget management and financial oversight, including the development, monitoring, and execution of operating and capital budgets across multi-site portfolios
  • Proven ability to lead financial reporting processes, analyze performance data, and drive strategic decision-making to improve net operating income and overall asset value
  • Deep understanding of commercial leasing practices, including lease administration, tenant retention strategies, and maximizing occupancy and revenue potential.

Friedman Real Estate is an Equal Opportunity Employer

Applicants are considered regardless of race, color, religion, creed, sex, pregnancy, family responsibility, national origin or ancestry, citizenship, marital status, sexual orientation, transgender status, veteran's status, genetic information, or status as a qualified individual with a disability or any other protected characteristic in accordance with applicable law.

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