What are the responsibilities and job description for the Regional Vice President position at Bridge Property Management?
The Regional Vice President, Property Management will lead our team of Vice Presidents and Regional Managers to drive value through effective leadership, financial insight, and innovative business strategies across the multifamily portfolio. This position works closely with executive leadership throughout the organization, to ensure the strategic goals and values are achieved.
- Manages the rigorous annual budget preparation process
- Monitors expense controls and implements initiatives to achieve or exceed budget
- Conducts monthly financial reviews with Regional Property Managers, VPs and on-site Property Managers.
- Establishes and implements a rigorous monthly forecasting process for each asset.
- Oversees, Reviews, and approves capital improvement projects within budget parameters.
- Oversees marketing initiatives and advertising/leasing plans.
- Oversees the appropriate utilization of Reserve for Replacement and/or Residual Receipts for funding capital improvements and/or operating deficits.
- Identifies and implements consistent ancillary income sources to increase property revenues.
- Benchmarks property performance against regional and national averages.
- Creates and implements action plans for under-performing assets.
- Acts as primary liaison with regulatory agencies – IHFA, IHDA and HUD.
- Communicates with outside owners, investors and/or delegates as appropriate.
- Ensures that owner reporting packages are consistent and delivered to clients in a timely fashion.
- Serves as a team member in the various processes of acquisitions and new construction, aiding in the marketability and management of assets.
- Coordinates team members, including outside contractors, to complete the due diligence process on third party management opportunities and potential acquisitions.
- Provides budget for new acquisitions and new construction projects
- Recruits, selects, trains, supervises and counsels management staff.
- Oversees policies for property operations.
- Establishes goals and incentive compensation programs for all management staff and ensures that they are implemented consistently.
What you should bring
- Minimum 10 years’ experience managing large portfolios of multi-family assets in multiple markets
- Background in managing diverse types of multi-family communities
- Focus on marketing, rehab, and re-positioning assets.
- Track record of successful personnel management – including hiring, training and staff development.
- Exceptional leadership, management, interpersonal and communication skill