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General Manager
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M & J Wilkow
Algonquin, IL (In Person)
$115,000 Salary, Full-Time
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Job Description
The position is for on-site property management of Algonquin Commons. The General Manager is responsible for oversight of on-site operations and working toward corporate objectives and oversight of property and tenant construction projects. The General Manager will report to the VP - Retail Property Management and carry out his or her responsibilities in a manner that is in keeping with ownership's vision for the office property management department.
Essential Functions/Major Responsibilities :
- Oversee from on-site, the day to day the operation and management of property.
- Responsible for the timely preparation of annual property budgets and input of financials into the Yardi system.
- Prepare monthly report packages and review several additional reports prepared by others. This includes a narrative, financial overview, capital project update, variance comments, etc.
- Analyze monthly performance and prepares monthly reforecasts. Compares YTD property performance to Strategic Plan and Budget and offers recommendations for adjusting strategies as appropriate.
- Oversee property to ensure Tenant COI compliance is met.
- Assist with CAM reconciliation for property with the help of accounting and assist in the review of CAM reconciliations prepared by others.
- Work with accounting to ensure any new leases, renewal, expansions, etc. are input into the Yardi system.
- Oversee safety meeting process for the shopping center.
- Continually enhances industry knowledge and expertise through real estate and property management publications, reports, and seminars.
- Prepares RFP's and then a bid analysis form for various projects.
- Prepares service contracts for any work done by 3rd party vendors.
- Primary role in the input of invoices into the AP system and plays a key role in the coding of said invoices based upon budget and work performed.
- Oversee the execution of tenant build outs and capital projects.
- Work closely with the leasing team on tenant renewals and new tenant showings/tours.
- Complete leasing renewals and expansions at the property that are not covered by the center's third-party real estate brokers.
Reporting, Community Involvement and Professional Development :
- Maintains good working relationship with community partners and attends industry association meetings, trainings, etc.
- Stays abreast of property management and other real estate related industry standards, legislation impacting department and industry practices, policies and procedures.
- Regularly communicates and cooperates with Asset Management staff on all PM reporting and regulatory issues.
Interpersonal Contacts:
It is essential that the General Manager reflects and adheres to the highest standards of ethical behavior. He or she is expected to express a professional, courteous attitude, as well as be team oriented. Contacts are normally made with others both inside and outside the organization. External contacts occur with investors, regulatory agencies, vendors, and community partners. Internal contacts occur with all levels and areas of the organization, including other department heads, asset managers and staff. Contacts are usually made on own initiative and often concern confidential or sensitive matters requiring the use of discretion, negotiation, or persuasion.Specific Job Skills :
- Strong knowledge of property management and tenant/landlord practices, laws, rules, and regulations. Good command of commercial management and leasing practices.
- Ability to analyze, evaluate and act on issues and/or problems, reach sound conclusions and take as appropriate action.
- Possess good verbal, written and interpersonal communication skills, as well as good computer skills. Experience with property management software helpful.
- Assist any third-party Risk Advisor with property related insurance issues, including the Tenant & Vendor Certificate procedures and the placement of the property policies.
Experience :
- Bachelor's Degree in business, real estate development or related field preferred with sufficient experience to provide strong leadership in property management practices and techniques.
- A minimum of 5+ years equivalent level experience covering onsite experience as a General Manager or 7+ years' experience working at a retail property.
- Supervisory experience required.
- Illinois Real Estate License is required to be maintained at all times.