Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
Job Description
POSITION SUMMARY
The Regional Vice President of Property Management reports to the Managing Director, Industrial Operations (US) and is responsible for managing a large regional industrial real estate portfolio and the respective property management teams. The Regional Vice President’s objective is to facilitate a positive team culture to maximize property performance through efficient operational strategies, to maintain high levels of tenant satisfaction, and to meet the overall financial goals of the company.
Responsibilities of this position include establishing and monitoring budgets, managing personnel costs, and working closely with the other departments within the firm to maximize results.
ESSENTIAL JOB FUNCTIONS
People & Culture:
Organize and develop regional property management teams for performance through hiring, high ethical standards, positive leadership, accountability, coaching, annual and bi-annual performance appraisals, and strategic direction.
Actively manage staffing levels, personnel costs, and personnel counts to support an efficient organizational structure based on portfolio size and scope.
Act as a liaison with other departments within the firm to build on a culture of collaboration, interdepartmental efficiencies, and a high-level of internal customer service.
Tenant Services:
Ensures that regional property management teams are executing a high level of customer service to tenants within the portfolio through a sense of urgency with responding to tenant requests, and actively meeting and engaging with tenants on a regular basis.
Ensures that the move-in/move-out process across the region is being executed efficiently.
Property Performance:
Ensures that regional property management teams are providing a high level of support to local asset management teams to minimize downtime of vacant units and maximize tenant retention.
Actively manages regional service contracts to ensure that regional property management teams are leveraging scale, minimizing costs, and consolidating vendor partners.
Tours properties within the assigned portfolio on a regular basis to ensure properties are being maintained to ARES property standards, liabilities are being minimized, and capital projects and other property level projects are being completed in accordance with budget and timing.
Coordinates, develops and facilitates the annual budget and capital planning process for the region to ensure that the regional property management teams are meeting internal timing expectations and achieving accurate property-level operating and capital expenses.
Actively manages financial performance through expense approvals, strategic property-level spending, monthly financial reporting, regional variance reporting, and regional expense accrual submittals.
Ensures that the onboarding and offboarding of properties through acquisitions/dispositions is coordinated efficiently with the transaction teams.
ADDITIONAL DUTIES AND RESPONSIBILITIES
Assumes additional responsibilities and performs special projects as needed or directed.
REQUIRED QUALIFICATIONS
10+ years of property management experience handling customer service and administrative issues related to real estate management.
Experience supervising, directing, and managing property management teams.
Experience managing and directing regional and property level financial planning and reporting.
Experience managing regionally scaled maintenance capital projects.
Ability to communicate effectively with large teams and across disciplines.
Ability to interpret property-level and corporate documents such as tenant leases, building plans and related specifications, operating and maintenance instructions, and policy manuals.
BA or BS in Finance, Real Estate, Business Management; CPM/RPA designation preferred.
TRAVEL REQUIREMENTS & ADDITIONAL NOTES
Work performed in a general office environment. May require extended hours during peak periods.
Availability for travel up to 70% of the time to property and construction sites for on-site project monitoring and meeting attendance.
Exposure to adverse weather conditions, loud noise, and dust conditions at construction sites.
Reporting Relationships
Compensation
The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$180,000 - $225,000
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
