Property Manager

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high quality shopping centers and the well-respected real estate team at our core, it's the smaller intangible things that can make working at Federal so satisfying. You see, while we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a very small company by most standards and we try to operate that way. That means that team members with initiative and ability can get involved in many facets of our business over the years. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.

Federal Realty is currently seeking an experienced Property Manager to be located in our Wynnewood, PA office who will manage the operations for a portfolio of properties in the Greater Philadelphia region.  The ideal candidate will have the opportunity to utilize their experience to implement new and existing policies/procedures, set up controls and best practices within their assigned portfolio. The Property Manager will partner with the financial and strategic directors of the region to be able to enhance the portfolio's value creation. The candidate must have past retail property management experience that will enable them to be influential in the areas of operations, tenant relations, security, procurement, contract management and risk management in order to achieve maximum productivity and profitability while maintaining the highest level of corporate standards. This person will have the highest level of personal integrity, intelligence and broad thinking characteristics to succeed.  The candidate must enjoy working in a team environment and will be an instrumental member of a dynamic and fun team of professionals.

• Manage service providers responsible for the day-to-day operational needs of the shopping center including repair and maintenance, landscaping, waste removal, security, janitorial, etc., ensuring that property standards are maintained.
• Enhance and elevate the consumer experience through regular assessments of the property condition. Ensure issues are addressed immediately, and expectations are met.
• Develop and maintain positive retail tenant relations by meeting with tenants on a regular basis.  Obtain tenant intel on sales and market comps.
• Resolve tenant issues that occur and serve as the primary point of contact for all merchant daily operating needs including but not limited to general maintenance, lease issues, trash concerns and parking management.
• Collaborate and establish strong working relationships with key stakeholders including tenant coordination, leasing, marketing and civic and community leaders – taking a team approach to success.
• Develop and review annual property operating budgets, monitor all purchases and expenses to ensure cost effectiveness and compliance with budget parameters, prepare monthly variance reports and quarterly budget reforecast reports.
• Determine job specifications and competitively bid all large maintenance, capital improvement and service agreements.
• Manage all controllable expenses within budget without compromising the portfolio's integrity.
• Develop and implement proactive strategies to resolve property operational and compliance-related challenges within portfolio.
• Create and maintain operations standards and procedures.
• Create and maintain long range capital improvements plans.
• Submit all routine reports including activity reports, variance reports, property inspections, roof inspections and lighting reports in a timely manner.
• Work cooperatively with team members and contractors to expedite the completion of Landlord work, delivery of spaces to tenants and the opening of tenants for business.
• Perform Accounts Receivable management via phone contacts, in person meetings and collections. Review and report status.
• Process all payables associated with assigned portfolio in timely manner
• Understand the significant issues affecting a property's performance. Implement programs or make recommendations to correct problems and enhance positive aspects of each property.

• Must have a minimum of 5 years of prior experience managing retail shopping centers
• Bachelor's degree in relevant field or equivalent years' experience
• Previous experience managing a portfolio of properties is required
• Strong knowledge of leases and financial statements and solid experience budgeting, monitoring expenses, and processing