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Portfolio Manager (Commercial Real Estate Asset & Transaction Management)

Cushman & Wakefield
dental insurance
United States, Virginia, Ashburn
Nov 09, 2024
Job Title Portfolio Manager (Commercial Real Estate Asset & Transaction Management) Job Description Summary As Property & Transaction Manager will be responsible for managing a national property primarily office portfolio in USA of around 70 sites on behalf of international financial services client. You will be part of a global team servicing the client and will report to an Account Manager located in London. Job Description Key Responsibilities: Oversee transaction management service delivery for client (lease renewals, acquisitions, dispositions -subletting-early surrender, freehold acquisition / disposition) and valuations Daily tasks for this portion of the role would be : Understand and advise client on commercial market rent changes, indexation risks and other real estate market insights to help client understand how to optimize their real estate (operating) budget Oversee or perform transactions for client (renew leases, negotiate rent changes, lease acquisitions, etc.) Ensure all necessary reporting and business case approval is done for client to execute lease Liaise with lease data management team to provide lease contract and information related to the lease terms & conditions Oversee property management service delivery (Liaison with clients and 3rd parties i.e. landlords and their agents to ensure uninterrupted use of the client's premises, effectively acting as the intermediary between landlord and tenant) Daily Tasks would include : Be main contact for landlord around notices, access to building for repairs, ensuring building is being managed as per lease conditions (common areas, security, etc.) Ensure cost effective operational running of properties Ensure adherence to lease terms and compliance with statutory requirements and advising client of same Work within a global account team to ensure : Ensure service delivery meets performance standards Track and report all data required for performance (KPI) reporting Actively participate and gather all required data & insights for portfolio planning process Identify and drive through cost savings for Client Lead and ensure effective client relationship management for client stakeholders in assigned geography and scope of service Key Performance Indicators: Contribution to achievement of client and regional targets Client satisfaction Delivery of regular and accurate client reports Services undertaken within client budget Continuous improvement, operational efficiency opportunities and innovation Knowledge & Experience: 5+ years of portfolio management experience, preferably with finance sector experience Experience with similar type of portfolio, preferably with finance sector experience Up to date knowledge of legislation regarding property management in key USA states (NY, California) Demonstrable technical competence in property management Basic IT skills (word-processing and spreadsheets) Experience in property management, preferably with an international firm Skills & Qualifications: Forward Planning - Plans and priorities own workload in order to achieve property management deliverables Enabling Delivery - Capable of delivering property management effectively and thoroughly within agreed standards Commercially Minded - Seeks efficiencies and cost savings for the client Building Relationships - Establishes and nurtures harmonious relationships with clients, their advisers and colleagues Degree level estate management qualification or equivalent desired Membership of RICS Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job type, business line, and applicability of collective bargaining agreements. The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidate's experience and qualifications. The company will not pay less than minimum wage for this role. The compensation for the position is: $102,000.00 - $120,000.00 Cushman & Wakefield provides equal employment opportunity. Discrimination of any type will not be tolerated. Cushman & Wakefield is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other characteristic protected by state, federal, or local law. In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call the ADA line at 1-888-365-5406 or email HRServices@cushwake.com. Please refer to the job title and job location when you contact us.