Welltower™ Inc. (NYSE:WELL)
AVP, Commercial Property Management
Welltower™ Inc. (NYSE:WELL), Los Angeles, California, United States, 90079
Description
SUMMARY The Assistant Vice President of Property Management is responsible for providing leadership to Property Managers in support of the oversight of their respective properties. The AVP of Property Management’s team typically consists of 3-5 Senior Property Managers that report directly to the AVP and approximately 6-8 Property Managers and Property Administrators that report indirectly. The AVP will have oversight of a portfolio totaling approximately 5,000,000+ rentable square feet and 700+ tenants. This position requires effective decision-making skills, successful guidance over a team, and strong experience in real estate management. The AVP will lead the property management staff across the assigned portfolio to support asset strategies, manage operating expenses to achieve Net Operating Income (NOI) growth, and maximize cash flow while ensuring a high level of tenant satisfaction. KEY RESPONSIBILITIES Provide strong leadership and mentorship to property management staff, developing and implementing staff planning and development initiatives to meet ongoing management/professional requirements. Establish and maintain strong working relationships with hospital officials and tenants, ensuring consistent delivery of the Service Promise. Ensure proper training and feedback is provided to implement aggressive annual expense management and service contracting practices. Follow and adhere to the Asset Strategy plans for assigned properties, ensuring management consistency with strategic direction. Maintain knowledge of all operations and financial policies, ensuring compliance with company policies and procedures. Ensure timely completion of monthly and quarterly management reports, evaluating financial results and identifying trends. Oversee the collection of tenant rents and develop proactive rent collection measures. Implement risk management practices, including vendor insurance obligations and incident prevention measures. Assist in due diligence and onboarding of new property acquisitions. Create practices leading to the procurement of products and services that optimize economies of scale. OTHER DUTIES This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required for this job. Duties may change at any time with or without notice. TRAVEL 30-40% travel is expected for this position. COMPENSATION Compensation ranges may vary by location. The total annual target compensation for this role is $230,000 - $290,000 (salary + bonus + long-term incentive), with base salaries typically ranging between $145,000 - $185,000. MINIMUM REQUIREMENTS Experience:
A minimum of 7 years’ experience in property management, asset management, and/or leasing of commercial buildings. Medical Office Building experience is preferred but not required. Real estate license, CPM, CFM, or RPA designation is preferred. Education:
Bachelor’s degree in business, real estate finance, or related field. MBA preferred. Applicants must be able to pass a pre-employment drug screen. WHAT WE OFFER Competitive Base Salary + Annual Bonus Generous Paid Time Off and Holidays Employer-matching 401(k) Program + Profit Sharing Program Student Debt Program – we’ll contribute up to $10,000 towards your student loans! Tuition Assistance Program Employee Stock Purchase Program – purchase shares at a 15% discount Comprehensive and progressive Medical/Dental/Vision options Welltower, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. More information is available at
www.welltower.com . Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
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SUMMARY The Assistant Vice President of Property Management is responsible for providing leadership to Property Managers in support of the oversight of their respective properties. The AVP of Property Management’s team typically consists of 3-5 Senior Property Managers that report directly to the AVP and approximately 6-8 Property Managers and Property Administrators that report indirectly. The AVP will have oversight of a portfolio totaling approximately 5,000,000+ rentable square feet and 700+ tenants. This position requires effective decision-making skills, successful guidance over a team, and strong experience in real estate management. The AVP will lead the property management staff across the assigned portfolio to support asset strategies, manage operating expenses to achieve Net Operating Income (NOI) growth, and maximize cash flow while ensuring a high level of tenant satisfaction. KEY RESPONSIBILITIES Provide strong leadership and mentorship to property management staff, developing and implementing staff planning and development initiatives to meet ongoing management/professional requirements. Establish and maintain strong working relationships with hospital officials and tenants, ensuring consistent delivery of the Service Promise. Ensure proper training and feedback is provided to implement aggressive annual expense management and service contracting practices. Follow and adhere to the Asset Strategy plans for assigned properties, ensuring management consistency with strategic direction. Maintain knowledge of all operations and financial policies, ensuring compliance with company policies and procedures. Ensure timely completion of monthly and quarterly management reports, evaluating financial results and identifying trends. Oversee the collection of tenant rents and develop proactive rent collection measures. Implement risk management practices, including vendor insurance obligations and incident prevention measures. Assist in due diligence and onboarding of new property acquisitions. Create practices leading to the procurement of products and services that optimize economies of scale. OTHER DUTIES This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required for this job. Duties may change at any time with or without notice. TRAVEL 30-40% travel is expected for this position. COMPENSATION Compensation ranges may vary by location. The total annual target compensation for this role is $230,000 - $290,000 (salary + bonus + long-term incentive), with base salaries typically ranging between $145,000 - $185,000. MINIMUM REQUIREMENTS Experience:
A minimum of 7 years’ experience in property management, asset management, and/or leasing of commercial buildings. Medical Office Building experience is preferred but not required. Real estate license, CPM, CFM, or RPA designation is preferred. Education:
Bachelor’s degree in business, real estate finance, or related field. MBA preferred. Applicants must be able to pass a pre-employment drug screen. WHAT WE OFFER Competitive Base Salary + Annual Bonus Generous Paid Time Off and Holidays Employer-matching 401(k) Program + Profit Sharing Program Student Debt Program – we’ll contribute up to $10,000 towards your student loans! Tuition Assistance Program Employee Stock Purchase Program – purchase shares at a 15% discount Comprehensive and progressive Medical/Dental/Vision options Welltower, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. More information is available at
www.welltower.com . Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
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