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Director of Large Bond & MR Lease Ups - Full-time
•30 days ago
| Hours | Full-time |
|---|---|
| Location | Indianapolis, IN Indianapolis, Indiana |
About this job
DescriptionHERMAN & KITTLE PROPERTIES-Director of Large Bond & Market Rate Lease Ups
Location: Based in Indianapolis but will Travel
POSITION SUMMARY:
Under the direction and supervision of Vice President, Property Management, the Director of Large Bond and/or Market Rate Lease-Up provides supervision of the overall operations of lease up communities in his/her portfolio with a clear understanding of the owner’s objectives. The Director Large Bond and Market Rate Lease-Up will typically manage one to three larger asset(s), specifically bond and/or market rate communities. The Director of Large Bond and Market Rate Lease-Up is responsible for achieving the overall objectives/results for lease-up properties, including the successful lease-up and financial performance for obtaining permanent financing (e.g. Debt Coverage Ratio test and/or other Capital Call thresholds)
ESSENTIAL DUTIES AND RESPONSIBILITIES:
•Leads the successful lease-up of specific larger asset(s) bond and/or market rate properties as identified by the VP of Property Management.
•Manages Pre-leasing activities including marketing and hiring of property team.
•Ensures that rental rates are at/above pro forma.
•Leads successful on-boarding’s and provides continual development of all positions of the Property Team until the successful transition to the stable portfolio.
•Ensures that the assigned communities are operating under all applicable Herman & Kittle and Property Management policies, procedures and programs.
•Follows any/all applicable State Agency rules and regulations
•Understands, ensures and enforces all fair housing laws and state and local landlord tenant laws.
•Consistently observes a work schedule necessary for achieving the essential functions of the position.
•Collaborates with Development, Design, Finance and Construction during the lease up process.
•Submits daily occupancy report to VP of Property Management and President of Herman and Kittle Properties.
•Reviews/manages the Budget Control Logs to ensure the property is operating within the lease up budget.
•Communicates frequently with VP of Property Management and keeps them informed of any market changes, staffing issues and capital items.
•Performs duties normally associated with a management position, such as evaluating, counseling and terminating property managers and other subordinates. Supports and monitors employee personal development plan.
•Communicates/Collaborates with Compliance Team regarding rent and income limits, utility allowance implementation, mapping of units and achieving qualified occupancy.
•Communicates/Collaborates with Human Resources Generalist regarding personnel management.
•Communicates with Operations Training Manager regarding the implementation of established programs and assists in monitoring such programs.
•Ensures that any regulatory agency requirements are adhered to at the communities. Remains informed of legal matters affecting the communities.
•Assists property managers in the supervision, evaluating, hiring, promoting, counseling and termination of on-site personnel.
•Continuously monitors the implementation of budget and operating plans by field personnel. Apprises Senior Management of significant exceptions from budget or operating plans.
•Communicates and advises property managers, both verbally and in writing, on community issues and operations on a regular basis, i.e. personnel matters, resident concerns and purchases.
•Reviews and approves paperwork and reports from properties including payroll changes, overtime, bonuses, payables, and status reports.
•Meets weekly with Staff Accountant and Property Manager during DCR Testing period to ensure financial statements are accurate for the reporting period.
•Reviews property invoices for accurate coding, descriptions and amounts.
•Responds to complaints and resident concerns in a timely fashion.
•Implements, monitors and evaluates resident services, retention and lease management programs.
•Researches and selects competitive vendors as needed.
•Performs on-going market analysis of competitive product and is constantly aware of market changes and conditions which may affect the community performance.
•Attends regional and national meetings as scheduled.
•Reviews/monitors property website for accuracy.
•Participates in local, state and national property management associations.
•Responsible for establishing positive relationships with local government officials. Provides positive working relationship to successfully integrate the property into the community.
•Coordinates and approves all resident communications.
•Performs other duties and assists with special projects as necessary.
•Represents the Company in a professional manner at all times. Consistently maintains a professional courteous attitude when dealing with residents, coworkers, vendors and the general public.
•Other duties as assigned.
RequirementsQUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS
•High school diploma or GED required.
•5 years of experience with multi-site property management experience.
•A combination of education and experience is acceptable.
•CPM designation or candidacy, HCCP is recommended
•Language Skills – Ability to read, write, interpret and analyze business publications, technical procedures and government regulations. Ability to write and interpret reports, correspondence and manuals. Ability to effectively present to groups of people including employees, vendors and the general public.
•Math Skills – Ability to calculate discounts, interest, bonuses, proportions, percentages, and to apply concepts of algebra and geometry.
•Reasoning Skills – Ability to solve problems and work with a variety of concrete variables in situations where only general guidelines exist. Ability to interpret instructions in written, oral, diagram or schedule form.
•Computer Skills – Intermediate experience with MS Office.
•Travel is required. Working on-site during the successful lease-up is required (80% to 100% of available work hours)
Location: Based in Indianapolis but will Travel
POSITION SUMMARY:
Under the direction and supervision of Vice President, Property Management, the Director of Large Bond and/or Market Rate Lease-Up provides supervision of the overall operations of lease up communities in his/her portfolio with a clear understanding of the owner’s objectives. The Director Large Bond and Market Rate Lease-Up will typically manage one to three larger asset(s), specifically bond and/or market rate communities. The Director of Large Bond and Market Rate Lease-Up is responsible for achieving the overall objectives/results for lease-up properties, including the successful lease-up and financial performance for obtaining permanent financing (e.g. Debt Coverage Ratio test and/or other Capital Call thresholds)
ESSENTIAL DUTIES AND RESPONSIBILITIES:
•Leads the successful lease-up of specific larger asset(s) bond and/or market rate properties as identified by the VP of Property Management.
•Manages Pre-leasing activities including marketing and hiring of property team.
•Ensures that rental rates are at/above pro forma.
•Leads successful on-boarding’s and provides continual development of all positions of the Property Team until the successful transition to the stable portfolio.
•Ensures that the assigned communities are operating under all applicable Herman & Kittle and Property Management policies, procedures and programs.
•Follows any/all applicable State Agency rules and regulations
•Understands, ensures and enforces all fair housing laws and state and local landlord tenant laws.
•Consistently observes a work schedule necessary for achieving the essential functions of the position.
•Collaborates with Development, Design, Finance and Construction during the lease up process.
•Submits daily occupancy report to VP of Property Management and President of Herman and Kittle Properties.
•Reviews/manages the Budget Control Logs to ensure the property is operating within the lease up budget.
•Communicates frequently with VP of Property Management and keeps them informed of any market changes, staffing issues and capital items.
•Performs duties normally associated with a management position, such as evaluating, counseling and terminating property managers and other subordinates. Supports and monitors employee personal development plan.
•Communicates/Collaborates with Compliance Team regarding rent and income limits, utility allowance implementation, mapping of units and achieving qualified occupancy.
•Communicates/Collaborates with Human Resources Generalist regarding personnel management.
•Communicates with Operations Training Manager regarding the implementation of established programs and assists in monitoring such programs.
•Ensures that any regulatory agency requirements are adhered to at the communities. Remains informed of legal matters affecting the communities.
•Assists property managers in the supervision, evaluating, hiring, promoting, counseling and termination of on-site personnel.
•Continuously monitors the implementation of budget and operating plans by field personnel. Apprises Senior Management of significant exceptions from budget or operating plans.
•Communicates and advises property managers, both verbally and in writing, on community issues and operations on a regular basis, i.e. personnel matters, resident concerns and purchases.
•Reviews and approves paperwork and reports from properties including payroll changes, overtime, bonuses, payables, and status reports.
•Meets weekly with Staff Accountant and Property Manager during DCR Testing period to ensure financial statements are accurate for the reporting period.
•Reviews property invoices for accurate coding, descriptions and amounts.
•Responds to complaints and resident concerns in a timely fashion.
•Implements, monitors and evaluates resident services, retention and lease management programs.
•Researches and selects competitive vendors as needed.
•Performs on-going market analysis of competitive product and is constantly aware of market changes and conditions which may affect the community performance.
•Attends regional and national meetings as scheduled.
•Reviews/monitors property website for accuracy.
•Participates in local, state and national property management associations.
•Responsible for establishing positive relationships with local government officials. Provides positive working relationship to successfully integrate the property into the community.
•Coordinates and approves all resident communications.
•Performs other duties and assists with special projects as necessary.
•Represents the Company in a professional manner at all times. Consistently maintains a professional courteous attitude when dealing with residents, coworkers, vendors and the general public.
•Other duties as assigned.
RequirementsQUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS
•High school diploma or GED required.
•5 years of experience with multi-site property management experience.
•A combination of education and experience is acceptable.
•CPM designation or candidacy, HCCP is recommended
•Language Skills – Ability to read, write, interpret and analyze business publications, technical procedures and government regulations. Ability to write and interpret reports, correspondence and manuals. Ability to effectively present to groups of people including employees, vendors and the general public.
•Math Skills – Ability to calculate discounts, interest, bonuses, proportions, percentages, and to apply concepts of algebra and geometry.
•Reasoning Skills – Ability to solve problems and work with a variety of concrete variables in situations where only general guidelines exist. Ability to interpret instructions in written, oral, diagram or schedule form.
•Computer Skills – Intermediate experience with MS Office.
•Travel is required. Working on-site during the successful lease-up is required (80% to 100% of available work hours)
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