Portfolio Director

19 hours ago

Cochin, Kerala, India beBeeRealEstate Full time ₹ 7,20,000 - ₹ 9,60,000
Commercial Real Estate Asset Manager

This is a career opportunity for an experienced professional to make a significant impact on the performance and success of a residential and commercial real estate portfolio.

The role involves overseeing and managing the day-to-day operations of the real estate portfolio, including office buildings, retail centers, industrial properties, and other commercial assets.

  • Asset Management:
    • Coordinate and monitor property maintenance activities, capital expenditures, and improvement projects to enhance property value and tenant experience
    • Manage third-party vendor payments and on-time mortgage payments
    • Maintain and manage insurance coverage and manage insurance claims
  • Tenant Lease Maintenance and Billing:
    • Enter lease agreement information & rent schedules in Yardi
    • Communicate with management and tenants regarding billing and lease language
    • Enter deposits and apply payments to tenant accounts, as needed
    • Assist with tenant aged receivables audits and collection efforts
    • Calculate tenant Overage % Rents and % in Lieu Rents and post charges to tenant accounts in Yardi
  • Cash Flow Reporting and Analysis:
    • Collect and populate data into a cash flow spreadsheet
    • Review GL for income and expense entries that require reclassification
    • Review and analyze leasing projection and activity
    • Assist with preparation of lender and investor reporting
  • Lease Administration and Tenant Relations:
    • Collaborate with leasing teams to ensure lease compliance, accurate documentation, and timely renewal negotiations
    • Identify potential risks and opportunities related to lease terms and conditions
    • Establish and maintain positive relationships with tenants to enhance tenant satisfaction, address concerns, and ensure retention
  • Tenant Year-End Reconciliations:
    • Set-up reconciliation data and calculation format in Yardi
    • Prepare tenant year-end reconciliation calculations, either manually or in Yardi
    • Post tenant year-end reconciliations charges/credit to tenant accounts in Yardi
    • Respond to all tenant inquiries and audits related to year-end reconciliations, working with corporate
  • Annual Budget:
    • Gather budget year income projections from property management and leasing and enter Yardi Budget Module
    • Gather budget year expense projections from property management and corporate accounting and enter the Yardi Budget Module
  • Administrative Support to Executives:
    • General administrative duties that support company executives

The ideal candidate will possess advanced experience reading and interpreting leases and related documents as well as financial information contained in accounting software, spreadsheets, financial statements, etc. Expert-level proficiency working with Yardi and Microsoft Office Suite (Excel) is also required.

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