Senior Property Manager

Ares Management Corporation

$110K — $120K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of property management experience in customer service and administration.
  • Experience overseeing vendor management and partnerships.
  • Proficiency in financial planning and property-level reporting.
  • Background in managing capital projects related to property maintenance.
  • Educational background in Finance, Real Estate, or Business Management; CPM/RPA designation preferred.

Responsibilities

  • Establish and oversee property budgets to enhance financial performance.
  • Deliver exceptional tenant service with prompt responses to requests.
  • Manage vendor relationships for efficient service delivery and cost-effectiveness.
  • Support asset management teams to optimize tenant retention and minimize vacancy downtime.
  • Implement preventative maintenance programs to prolong building lifespans.
  • Conduct regular property inspections to ensure compliance with standards and project timelines.
  • Coordinate the onboarding and offboarding of properties during acquisitions or dispositions.

Benefits

  • Comprehensive medical, dental, and vision insurance plans.
  • 401(k) plan with company matching contribution.
  • Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) with company funding.
  • Short-term and long-term disability insurance coverage.
  • Access to mental health support and wellbeing applications.
  • Financial wellness assistance including access to financial advisors.
  • New parent leave and reproductive/adoption support options.
Full Job Description
Job Description

POSITION SUMMARY

The Senior Property Manager reports to the Senior Regional Property Manager and is responsible for managing an assigned industrial real estate portfolio. The Senior Property Manager's objective is to directly manage a property portfolio and to maximize property performance through efficient operational strategies, to maintain high levels of tenant satisfaction, and to meet the overall financial goals of the company.

Responsibilities of this position include establishing and monitoring budgets, providing a high-level of customer service to tenants, managing vendor partners, supporting the asset management team, and working closely with the other departments within the firm to maximize results.

ESSENTIAL JOB FUNCTIONS

Tenant Services:

  • Executes a high level of customer service to tenants within the portfolio through a sense of urgency with responding to tenant requests, and actively meeting and engaging with tenants on a regular basis.


  • Ensures that the move-in/move-out process within their assigned portfolio is being executed timely and efficiently.


  • Actively engages with tenants to maintain low levels of accounts receivables through regular contact, processing of collection notices, and tenant account management.


Property Performance:

  • Executes a high level of support to local asset management teams to minimize downtime of vacant units and to maximize tenant retention.


  • Develops and executes preventative maintenance programs to extend the life expectancy of building elements.


  • Actively manages service contracts to leverage scale, to minimize costs, and to consolidate vendors partners across the portfolio.


  • Tours properties within the assigned portfolio on a regular basis to ensure properties are being maintained to ARES property standards, liabilities are being minimized, and capital projects and other property level projects are being completed in accordance with budget and timing.


  • Completes the annual budget process for the assigned portfolio, in accordance with internal timing expectations, to ensure accurate property level expenses and a complete 10-year capital plan.


  • Actively manages financial performance through expense approvals, strategic property-level spending, monthly financial reporting, property level variance reporting, and expense accrual submittals.


  • Ensures that the onboarding and offboarding of properties through acquisitions/dispositions is coordinated efficiently with the transactions teams.


ADDITIONAL DUTIES AND RESPONSIBILITIES

Assumes additional responsibilities and performs special projects as needed or directed.

REQUIRED QUALIFICATIONS

  • 5+ years of property management experience handling customer service and administrative issues related to real estate management.
  • Experience supervising, directing, and managing vendor partners.
  • Experience managing and property level financial planning and reporting.
  • Experience managing maintenance capital projects.
  • Proficiency in standard real estate related software programs
  • Ability to communicate effectively with tenants, vendor partners and internal teams.
  • Ability to interpret property -level and corporate documents such as tenant leases, building plans and related specifications, operating and maintenance instructions, and policy manuals.
  • BA or BS in Finance, Real Estate, Business Management; CPM/RPA designation preferred.


TRAVEL REQUIREMENTS & ADDITIONAL NOTES

  • Work performed in a general office environment. May require extended hours during peak periods.
  • Availability for travel between the buildings in the Phoenix
  • Exposure to adverse weather conditions, loud noise, and dust conditions at construction sites.


Reporting Relationships

Compensation

The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

$110,000 - $120,000

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.

Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.

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