Description
Overview
The Senior Associate will support the Vice President of Property Operations in overseeing the Cypress Office Properties portfolio as well as interface with equity partners and serve as the lead with third party property managers.
Responsibilities
- Prepare semi-annual reports to provide to management and investors
- Review monthly property financials
- Check AR and work with managers to clear delinquencies; Advise VP of Operations if tenant is outstanding more than 60 days
- Review Budget Comparison monthly for all properties
- Maximize operating efficiencies, identify material variances from the budget and consult to the VP of Operations, spot problem items and meaningful/significant trends; identify accounting errors
- Review each property’s books in detail quarterly
- Review and approve executive summaries prepared by property managers
- To ensure adequate cash, review various cash forecasting models prepared by property managers
- Work with VP of Construction, Loan Administrator, property managers to coordinate upcoming cash needs, available loan funds, and cash sources
- Work with equity partners to facilitate capital calls and manage other funding needs
- Review, oversee, and facilitate preparation of budgets, business plans, and CAM reconciliations; work with VP of Property Operations to finalize
- Review AM Reports drafted by Associate and provide to VP of Property Operations for distribution
- Conduct quarterly property inspection with management team
- Work closely with property managers, construction manager, leasing agents, accountants, and management team to ensure efficient and safe operation of portfolio properties
- Oversee light TIs and small site construction projects
- Implement sustainability initiatives identified by VP of Property Operations
- Understand loan terms that relate to property operations to ensure that the property is operating within loan parameters
Qualifications
- Bachelor’s degree
- Candidate must have a minimum of four years of experience in the commercial real estate industry
- Experience in property management/ leasing/development/acquisitions desirable
- Analytically minded
- Leadership skills and ability to work well on a team
- Ability to work both independently and as a part of a team
- Proficient in Microsoft Office (Excel, Word, Outlook, Power Point)
- Travel required
This job is no longer active.