What are the responsibilities and job description for the Vice President, Director of Property Management position at Bulfinch?
Purpose
The VP of Property Management oversees the company's real estate portfolio, setting strategic goals to: (i) minimize operating expenses, (ii) achieve full occupancy, (iii) enhance property value and team performance, while ensuring all financial objectives are met through effective budgeting and cost management.
Key Responsibilities
The VP of Property Management oversees the company's real estate portfolio, setting strategic goals to: (i) minimize operating expenses, (ii) achieve full occupancy, (iii) enhance property value and team performance, while ensuring all financial objectives are met through effective budgeting and cost management.
Key Responsibilities
- Implement overarching strategies to maximize portfolio value, improve operational efficiency, and align with investment and owner objectives.
- Enhance and expand the viability and value of our property portfolio through institutional knowledge, industry best practices, and the Bulfinch reputation for excellence.
- In partnership with the SVP of Property Management, Asset Management and Financial Reporting, reduce operating expenses, oversee annual budgets, monitor financial performance, analyze projections, and implement cost-saving initiatives to maximize profitability.
- Direct the daily operations of the property portfolio, visiting sites and ensuring properties are well-maintained, safe, and compliant with relevant laws and codes.
- Manage relationships with vendors, contractors, and suppliers, including contract negotiation and procurement processes.
- Partner with the SVP in the oversight of development projects from conception through completion and assist with sustainability initiatives across the property portfolio in alignment with Bulfinch’s ESG goals.
- Ensure properties are compliant with all federal, state and local regulations including appropriate insurance requirements are in place for all vendor contracts.
- Regularly hold site visits at all properties to ensure highest level of performance of property and tenant satisfaction.
- Serve as an intermediary with property owners and tenants, addressing concerns and maintaining positive relationships.
- Support the leasing brokers to ensure the lease process meets Ownership objectives and that all spaces are in show condition.
- Coordinate the RFP process and support the site teams on tenant improvement construction projects and capital improvements as required.
- Support Leasing, Asset Management & SVP Property Management in providing input on potential acquisitions and assist in the disposition process.
- Serve as an industry representative and an active member of the Bulfinch Property Management leadership team.
- Attract, engage, retain, and supervise property management staff.
- Mentor and create opportunities for team members to learn, develop and take on new and different opportunities in the property management space.
- Provide mentorship, development, career mobility and feedback to foster a culture of growth and innovation while maintaining the highest standards for integrity, work ethic, judgment and customer service.
