Property Manager

Department: Property Management

Reporting To: Director, Property Management

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 Financials

  • Manage monthly collections by collecting and applying tenants’ rent, communicating with late or non-payers, and enforcing leases
  • With guidance from Director, review monthly financial reports, including collections and variance reports at property and portfolio level, and adjust property operations as warranted
  • Collaborate with team members and Director to prepare and manage annual capital and operating expense budgets and forecasts at property and portfolio levels
  • Partner 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 contracts
  • Review and approve all invoices for expenditures on the properties

Tenant Relations / Lease Administration

  • Develop strong relationships with tenants through regular property visits and check-in’s
  • Administer and enforce existing leases and act as a resource for Leasing regarding future leases, as needed
  • Partner with Legal and Leasing departments on matters of default, lease terminations, and lease assignments, as needed
  • Review possession and commencement letters to verify terms and facilitate turnover of space to tenants
  • Collaborate with Leasing Department to maintain effective tenant turnover and moveout processes

Qualifications:

  • Associate’s Degree
  • 3-5 years of experience in property management
  • Active Missouri Real Estate License
  • Excellent interpersonal, written, and verbal communication skills
  • Basic background and understanding of buildings’ MEP and best practices for building and site maintenance, repairs, and replacements
  • Adaptability/ability to quickly prioritize needs to solve practical problems
  • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
  • Ability to travel (via employee’s insured vehicle or via airplane) as needed to conduct property and tenant visits
  • Proficiency in Excel and all Microsoft Office products

Physical Requirements
Individual 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 environment
  • Supportive, transparent leadership
  • Well established, tenured organization
  • Hybrid work location
  • Competitive salary with annual bonus potential
  • Health, Dental, Vision insurance
  • Health Savings Account Contribution
  • 401k benefits with employer match and profit sharing contributions
  • Short-Term Disability
  • Personal time off as well as additional holiday pay

Please submit cover letter and resume: Via Email: hr@descogroup.com