Property Manager (Medical Office)

Stream Realty • New Lenox, IL

1d • Onsite

About The Position

POSITION OVERVIEW The Property Manager provides first-class property management services to third-party clients and owners. Day-to-day responsibilities include financial and operational management for a Medical Office building, including client interaction, tenant and vendor relations, lease administration, budgeting, and supervisory responsibility.

Requirements

• Bachelor’s Degree preferred
• 3+ years of Commercial Property Management experience with supervisory responsibility specifically with medical office or healthcare facilities preferred
• Broker’s License required
• Strong written and verbal communication skills; experience interacting with clients, vendors, teammates, and management
• Experience preparing annual budgets, ownership reports, and CAM reconciliations
• Previous experience using real estate software (Yardi or MRI, Kardin, AvidXchange, IMPAK, or similar programs)
• Proficiency with Microsoft Excel, Word, and Teams
• Analytical Ability to multitask
• Attributes that align with Stream's core values of Smart, Honest, Nice, and Passionate

Nice To Haves

• CPM, RPA designation (or in progress) preferred

Responsibilities

• Responsible for coordination of all property management-related activities, including day-to-day building operations, accounts payable, accounts receivable, reporting, and client/tenant/vendor relations.
• Work closely with Construction, Leasing, Marketing, and Accounting Teams to ensure the “Stream Team” is providing the highest level of service to our clients.
• Ensure all Stream policies and best practices are implemented and followed.
• Understand and ensure compliance with the Management Agreement(s) and all Client policies and procedures.
• Conduct routine property inspections and associated follow-ups to prevent/identify/resolve problems and exposures.
• Prepare and adhere to operating and capital budgets and re-forecasts as well as annual expense recovery estimates and reconciliations.
• Coordinate all property-related contracts, services, repairs, and capital projects.
• Prepare, review, and submit the monthly/quarterly/annual financial and operational reports as per Client requirements.
• Prepare monthly expense variance comments for the client(s).
• Review and approve invoices/AP batches, and monthly rent edits.
• Review and ensure the accuracy of the General Ledger.
• Tenant lease review and set up in the designated accounting system.
• Adhere to Stream property management annual audit.
• Coordinate real estate tax review process for the portfolio/assignment.
• Process and oversee all TI applications for accounting submission and payment.
• Maintain personal contact with all vendors, tenants, and clients.
• Respond to and resolve after-hours emergency calls as needed.
• Supervisory responsibility for designated personnel.
• Review, approve, and submit team expense reports and PTO requests.
• Assist in the completion of annual performance reviews and regularly communicate performance to direct reports.

Benefits

• Stream Realty Partners offers competitive salaries, bonuses, medical/dental/vision insurance, pharmacy benefits, health savings account, flexible spending accounts, 401(k) plan with company matching, PTO, and holiday pay.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level