Cushman & Wakefield

Associate Director (CRE)

Cushman & Wakefield$132K — $155K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business Administration or related discipline preferred
  • 5+ years of real estate property management or related experience
  • CPM, RPA, or CSM designation
  • Possess real estate license
  • Strong knowledge of finance and building operations

Responsibilities

  • Direct and coordinate the property management operations
  • Develop and interpret property management policies and strategies
  • Lead and support Property Management staff in their career development
  • Track budget variances and manage recovery processes
  • Oversee billing and cash flow management
  • Prepare reports and budgets for property owner
  • Ensure compliance with contracts and reporting requirements

Benefits

  • Health, vision, and dental insurance
  • Flexible spending accounts and health savings accounts
  • Retirement savings plans
  • Life and disability insurance programs
  • Paid and unpaid time off
Full Job Description
Job Title
Associate Director (CRE)

Job Description Summary
Responsible for the management of the Property Management staff as well as to oversee a significant portfolio or property and to serve as a point person on third-party relationships
Job Description

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
• Direct, coordinate, and exercise functional responsibility for property management business
• Provide overall property management leadership through the development and interpretation of policies and programs, coordination of information flow and property management strategy
• Provide direction and leadership to Property Management staff, promoting reasonable career paths associated with property management professionals
• Track budget variances and ensure smooth recovery process
• Oversee the billing process including payment of invoices and disbursement of funds
• Monitor cash flow and cash requirements in conjunction with Property Manager to ensure efficient use of cash
• Oversee preparation of reports, annual budget, and other documents for owner in accordance with the management agreement
• Support prompt collection of management fees and reimbursements to overhead
• Maintain interface with third-party owners, ensuring total contract compliance, and accurate and timely reporting
• Resolve tenant relations issues to ensure their satisfaction
• Perform regular property inspections with staff
• Oversee construction projects with Construction Manager, including approving construction contract and invoices
• Ensure compliance with Property Management Policies and Procedures, codes, regulations, and governmental agency directives

KEY COMPETENCIES

1. Communication Proficiency (oral and written)
2. Customer Focus
3. Problem Solving/Analysis
4. Leadership Skills
5. Teamwork Orientation
6. Time Management Skills
7. Financial Acumen

IMPORTANT EDUCATION
• Bachelor's Degree in Business Administration or related discipline preferred

IMPORTANT EXPERIENCE
• 5+ years of real estate property management or related experience

ADDITIONAL ELIGIBILITY QUALIFICATIONS
• CPM, RPA, or CSM designation
• Possess real estate license
• Strong knowledge of finance and building operations
• Proven experience in management, evaluation, development, and motivation of subordinates
• Ability to effectively manage a team of professionals, including both employees and vendors
• Previous experience in analyzing and negotiating commercial lease and/or contract language
• Advanced knowledge of Microsoft Office Suite

WORK ENVIRONMENT

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Regularly required to travel outside between properties in varying weather conditions.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee may need to travel from floor to floor, climb stairs, and may be required to travel outside between buildings in varying outdoor weather conditions. The employee may also be regularly required to remain in a stationary position (sit or stand) for 85% of the time; regularly operate office machinery.

OTHER DUTIES

This job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job type, business line, and applicability of collective bargaining agreements.

The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidate's experience and qualifications.

The company will not pay less than minimum wage for this role.

The compensation for the position is: $ 132,175.00 - $155,500.00

About Cushman & Wakefield

Cushman & Wakefield plc is a global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois. Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues of US$9.4 billion in 2021. The company operates from approximately 400 offices in 60 countries, has around 50,000 employees and manages about 4,100 million sq ft of commercial space. It is one of the "Big Three" commercial real estate services companies, alongside CBRE and JLL.
Learn more about Cushman & Wakefield
Size
50,000 employees
Market Cap
$2.6 billion
Industry
Net Income
-$220.5 million
Founded
1917
5 Year Trend
+8.6%
Revenue
$7.8 billion
NASDAQ

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