Cushman & Wakefield

Director, Asset Services

Cushman & Wakefield$136K — $160K *
Real Estate & Construction
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in Business or related discipline
  • 8+ years of real estate property management or related experience
  • 5+ years of supervisory experience
  • CPM and/or RPA designation in a senior leadership role
  • Real Estate License
  • Advanced knowledge of Microsoft Office Suite

Responsibilities

  • Provide leadership for distinct markets and implement business unit strategy
  • Develop a client-centric communication style and maintain relationships
  • Demonstrate proactive customer service in account management
  • Conduct tenant satisfaction checks and address operational issues
  • Prepare financial reports and budgets in compliance with client agreements
  • Oversee property tax administration and insurance compliance
  • Monitor cash flow in collaboration with the Property Manager

Benefits

  • Relocation opportunity to Salt Lake City, Utah
  • Full-time, on-site position
  • Professional development through staff training and performance evaluations
  • Engagement in charitable and industry-related organizations
  • Robust succession planning and career path discussions
Full Job Description

Job Title

Director, Asset Services

Job Description Summary

Job Description

This is an opportunity to relocate to Salt Lake City, Utah for a Director role. This position is full time, on site in Salt Lake City, Utah.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
• Provide leadership for markets which are geographically or functionally distinct and demonstrate ability to implement business unit strategy
• Develop and maintain both a communication style and relationship that fits the client’s preferred style
• Demonstrate proactive customer service regarding all aspects of account management.
• Communicate proactively, first when performance is not meeting expectations, and second when performance meets or exceeds expectations
• Regularly associate with tenants to insure their reasonable satisfaction with building operations. Interact with tenants along with Property Manager on problems that may occur
• Coordinate and/or prepare reports, annual budgets, and other documents for clients in accordance with management and other agreements, and in accordance with instruction received from the client. Preparation responsibility relates primarily to financial information and adherence to leasing guidelines. Review information and variances with Property Management Team
• Participate in the preparation of annual budgets and any revisions thereto and also oversee operating compliances with budget approved by clients
• Ensure completion of property tax administration and supervise services rendered by property tax consultant
• Ensure administration of property and liability insurance requirement
• Ensure compliance with the purchase order system, contracts, policies and procedures, and accounting requirements established by clients
• Oversee the billing process, including payment of invoices and disbursement of funds. Monitor cash flow and/or cash requirements in conjunction with the Property Manager to assure efficient use of cash
• Assist the Client/Asset Manager and Property Manager in determining proper cost allocations, identification of any re-billable cost, proper accounting for inventories, purchasing procedures, and any special accounting problems
• Responsible for maintaining desired internal financial benchmarks for each asset with the portfolio as defined by the Director and Asset Manager. This includes occupancy levels, income levels, delinquency percentage, IRR and cash flow
• Monitor cash flow and/or cash requirements in conjunction with the Property Manager to assure efficient use of cash
• Coordinate construction projects with Construction Manager and Property Manager and approve construction contract documents and final invoices.
• Effectively staff and develop bench strength and succession planning – positioning for new business
• Regularly inspect properties with staff
• Conduct annual performance evaluations and career path discussions. Oversee and ensure that all property management and maintenance staff receive an annual performance evaluation.
• Analyze and make recommendations regarding property staffing needs, personnel performance issues, salary administration, personnel promotions and training and career development


KEY COMPETENCIES:
1. Business and Financial Acumen
2. Leadership Skills
3. Communication Proficiency (oral/written)
4. Customer/Client Focus (internal/external)
5. Time Management Skills


IMPORTANT EDUCATION:
• Bachelor’s Degree in Business or related discipline


IMPORTANT EXPERIENCE:
• 8+ years of real estate property management or related experience
• 5+ years of supervisory experience
• CPM and/or RPA comparable experience in a senior leadership role

ADDITIONAL ELIGIBILITY QUALIFICATIONS:
• Real Estate License
• Industry designations and is an active participant/leader in external charitable and local and national industry related organizations
• Ability to monitor and anticipate trends and changes within the industry
• Advanced knowledge of Microsoft Office Suite
• Demonstrate initiative through taking on additional assignments and responsibilities
• Demonstrate advanced problem solving and deal with a variety of options in complex solutions. Requires expert level analytical and quantitative skills


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 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.




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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