Key Responsibilities

Financial Management

• Manage and oversee the physical assets of the organization in collaboration with property management teams by planning, organizing, and directing operational activities.
• Assist in the development and execution of strategic asset management plans.
• Develop and implement financial strategies to enhance the financial performance of shopping centers.
• Monitor and analyze property financials, including rent rolls, budgets, forecasts, and operating expenses.
• Supervise budgeting and forecasting processes across the portfolio.
• Analyze vendor contracts and pricing, including property management and service agreements, to ensure cost efficiency and value.

Lease Administration

• Oversee lease negotiations, renewals, relocations, and amendments.
• Ensure compliance with all lease terms and contractual obligations.
• Develop asset management strategies to assess lease renewals, new acquisitions, and asset dispositions.

Acquisitions

• Source, underwrite, and evaluate acquisition opportunities through market research, financial modeling, and comprehensive due diligence.
• Prepare investment memoranda and present recommendations to the investment committee.
• Coordinate and manage due diligence activities, including legal, environmental, and financial reviews.
• Assist in structuring transactions and negotiating terms with sellers, brokers, lenders, and partners.
• Lead presentations with management for lenders, business partners, and potential joint venture participants.

Property Maintenance and Improvements

• Supervise property maintenance and ensure facilities are maintained to high standards.
• Manage vendor and service provider relationships, including contractor transitions.
• Oversee capital improvement projects in coordination with the property management department.
• Review AR/AP reports to monitor collections and payments, reporting findings to management.
• Collaborate with property management teams to enhance property condition and long-term value.

Leasing and Occupancy

• Manage leasing strategies, including identifying prospective tenants and negotiating lease agreements.
• Optimize occupancy levels and minimize vacancy.
• Partner with marketing teams to develop strategies that attract and retain tenants.

Legal and Compliance

• Ensure compliance with all local, state, and federal regulations.
• Manage legal matters related to property operations, including lease disputes and asset-related issues.

Reporting and Analysis

• Prepare and deliver regular performance reporting, including financial analyses and physical asset assessments.
• Analyze maintenance and capital budgets through proactive planning and operational oversight.
• Develop, implement, and maintain quality assurance standards.
• Provide strategic recommendations to enhance property value and profitability.
• Track market trends and assess impacts on the shopping center portfolio.

Risk Management

• Ensure all assets comply with safety, environmental, and building code requirements.
• Review and maintain asset documentation, including warranties, maintenance agreements, and compliance records.
• Identify and mitigate operational and financial risks.
• Implement crisis management and emergency preparedness plans.

Qualifications

• Bachelor's degree in Business, Real Estate, Finance, or a related field.
• Minimum of 5 years of commercial real estate and asset management experience, preferably with shopping centers.
• Strong financial acumen, including budgeting, forecasting, and financial analysis.
• Proven experience with lease negotiations and tenant relations.
• Excellent communication, negotiation, and problem-solving skills.
• Ability to work independently and collaboratively in a team environment.
• Strong organizational, analytical, and project management skills.
• Proficiency in property management software and financial analysis tools