Real Estate Operations Director

REAL ESTATE OPERATIONS DIRECTOR 

TEI, an international Manhattan-based real estate investment firm, is seeking an experienced professional with 8 years in retail real estate to join our National Retail team. Candidates must have a strong academic background in business, finance, or accounting, with deep knowledge of real estate finance principles. This role requires expertise in analyzing and creating real estate documents, interpreting pro-forma cash flows, and applying capital markets assumptions.

We value self-starters with excellent communication skills, proficiency in Excel, and the ability to manage multiple projects while collaborating across teams or working independently. This is an incredible opportunity for talented individuals looking to join a growing, prosperous team.

Responsibilities:

• Manage third-party property management teams, internal and external accounting teams, and construction management teams in all aspects of property operations.
• Execute the annual budget process, including preparation, completion, and presentation of annual business plans, projected revenue and expense forecasts, and subsequent incorporation into valuation models as applicable.
• Ensure accurate and timely submittal of management reporting on the portfolio and operating partners' portfolio: review of monthly third-party reports, as well as assisting in the compilation of internal asset management portfolio reports on a monthly, quarterly, and annual basis.
• Develop the strategic plan for the portfolio, including preparation and completion of annual budgets and business plans, including revenue and expense budgets, marketing plans, and valuation models, along with leasing strategy, merchandising mix, and long-term value creation initiatives.
• Provide oversight and support to the property management team in conjunction with all primary responsibilities, including financial analysis and reporting components for the overall retail portfolio.

• Resolution of maintenance issues, administration of property improvements, and oversight of existing conditions to achieve the long-term preservation of the shopping center
• Ensure tenant compliance with requirements of the lease – operational and functional.

• Approve invoices for payment utilizing proper expense coding and categorization.
• Assist Cash & Collections as necessary in pursuing past due rent balances.
• Assist Lease Compliance / Accounting as necessary in reviewing C.A.M., Real Estate Tax, and Insurance Settlements
• Assist with due diligence efforts performed during the acquisition phase, specifically: tenant interviews, underwriting assumptions (leasing costs and capital improvements), and third-party reports (environmental and engineering reports) for future acquisitions.
• Visit all properties within the portfolio regularly to coordinate efforts with third-party property managers and leasing teams. Serve as the expert in each market where properties are assigned.
• Travel as required of the position
• Maintain a strong knowledge of the market conditions

Knowledge, Skills & Abilities

• Bachelor’s degree with undergraduate coursework in business, finance, and accounting, with a strong understanding of real estate finance principles and outstanding academic credentials
• 8 years of relevant work experience, with prior experience in the retail sector as a requirement
• Ability to comprehend, analyze, interpret, and create real estate documents, including, but not limited to, LOIs, RFPs, property offering memorandums, market reports, and tenant leases.
• Experience and understanding of financial concepts specifically relating to asset values derived from pro forma cash flows and capital markets assumptions.
• Excellent written and verbal communication skills with an ability to manage multiple projects simultaneously and to manage both internal and external teams.
• Proficiency in Excel
• Self-starter with a strong work ethic and a vested interest in the retail real estate profession
• Ability to work within a broader team, as well as independently, as needed to complete tasks

Benefits & perks

• A broad competitive compensation and benefits package including Medical, Dental, Vision, Life, Disability, supplemental disability, parental leave policies, 401(k) & match, profit sharing, tuition reimbursement, and broad voluntary and pre-tax benefits.
• Employee assistance wellness programs and services, including mentorship, health advocate, EAP, counseling, financial planning, and legal consultation
• Employee engagement, including the  Women’s Equity, Change, and Wellness Committee’s 

Time Equities, Inc. does not discriminate based on race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment decisions are based on qualifications, merit, and business needs. 

For more information, please visit our website at www.timeequities.com 

Salary Range: $85K