Property Manager

The DESCO Group is a commercial real estate company that acquires, develops, leases and manages retail shopping centers – primarily anchored by grocery stores.We have an open position for a Property Manager to join our team. The Property Manager will have responsibility and oversight of day-to-day and financial operations for a shopping center portfolio totaling approximately 1M to 1.5M square feet. Role requires a commitment to excellence, attention to detail, and ability and interest in working collaboratively with DESCO colleagues, tenants, vendors, and other stakeholders. Responsibilities and Expectations:   Property FinancialsManage monthly collections by collecting and applying tenants’ rent, communicating with late or non-payers, and enforcing leasesWith guidance from Director, review monthly financial reports, including collections and variance reports at property and portfolio level, and adjust property operations as warrantedCollaborate with team members and Director to prepare and manage annual capital and operating expense budgets and forecasts at property and portfolio levelsPartner with Accounting Department to review calculations of common area maintenance (CAM), insurance and taxes on each property and review CAM reconciliations before they are sent to tenants; work with Accounting Department to adjust escrows as needed on a property-by-property basis  Property Operations Coordinate with Construction to conduct physical inspections of properties in the portfolio; collectively make recommendations for immediate, mid, and long-term physical repairs and/or replacements.Prepare work specifications and secure competitive bid proposals for contracted services, recommend contract awards, and negotiate and enter into property service contractsReview and approve all invoices for expenditures on the propertiesTenant Relations / Lease AdministrationDevelop strong relationships with tenants through regular property visits and check-in’sAdminister and enforce existing leases and act as a resource for Leasing regarding future leases, as neededPartner with Legal and Leasing departments on matters of default, lease terminations, and lease assignments, as neededReview possession and commencement letters to verify terms and facilitate turnover of space to tenantsCollaborate with Leasing Department to maintain effective tenant turnover and moveout processesQualifications:Associate’s Degree3-5 years of experience in property managementMissouri Real Estate License, active or obtain upon hiringExcellent interpersonal, written, and verbal communication skillsBasic background and understanding of buildings’ MEP and best practices for building and site maintenance, repairs, and replacementsAdaptability/ability to quickly prioritize needs to solve practical problemsAbility to interpret a variety of instructions furnished in written, oral, diagram, or schedule formAbility to travel (via employee’s insured vehicle or via airplane) as needed to conduct property and tenant visitsProficiency in Excel and all Microsoft Office productsPhysical RequirementsIndividual will work in an office setting as well as drive to properties on a frequent basis. Individual will sit and stand for extended periods. When on sites, individual will need to navigate flat as well as uneven terrain. Occasional roof inspections may be required. DESCO’s benefits:A collaborative, team-oriented environmentSupportive, transparent leadershipWell established, tenured organizationHybrid work locationCompetitive salary with annual bonus potentialHealth, Dental, Vision insuranceHealth Savings Account Contribution401k benefits with employer match and profit sharing contributionsShort-Term DisabilityPersonal time off as well as additional holiday pay