Property Manager (Commercial)

Company: CIM Group, LP
Location: Los Angeles
Posted on: March 12, 2025

Job Description:

ABOUT CIM GROUP:CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!POSITION PURPOSE:The Property Manager oversees all aspects of a single property or portfolio of commercial, industrial or retail properties. The primary objective is to achieve maximum return on investment by ensuring ownership and tenant satisfaction, increasing profitability and building value, as well as continuous enhancement of overall building operations.ESSENTIAL FUNCTIONS:

• Oversee day-to-day operational management of buildings and grounds consistent with CIM policies and procedures, approved budgets, business plans and management direction.
• Develop property business plans and annual operating budgets with a focus on increasing revenues, controlling costs and maximizing the leasability of the property accurately and on time.
• Achieve customer service excellence through tenant-focused relationship programs and processes that exceed guest expectations. Lead your team to anticipate tenant needs, assure positive and prompt response to service requests and administer affairs at strategic and operating levels for the mutual benefit of the tenants and property NOI.
• Prepare and deliver timely, accurate and complete financial reporting requirements. Forecast management plans and prepare monthly performance reports, providing all necessary details and variance explanations.
• Manage vendor relationships effectively to ensure service expectations and contract obligations, including bid and insurance requirements.
• Provide quality-control oversight, implement cost-containment initiatives and liaison between tenants and third-party service providers as necessary.
• Perform financial management and recordkeeping activities, such as:
  • Collecting rents and other receivables, invoicing tenants as permissible by the lease and aggressively pursuing delinquencies.
  • Manage payables, consistent with approved budgets, contractor/supplier performance, corporate accounting directive and expense containment initiatives.
  • Accurately report transactions using corporate accounting systems and methods in compliance with policies, procedures and timelines. Maintain documentation locally for management review and audits.
  • Lead risk management efforts to minimize exposure and losses.
    • Obtain certificates of insurance and waivers from tenants, contractors, suppliers and other third parties and assure adherence to safety guidelines pertinent to property visitors, tenants and employees.
    • Direct employee participation in company workplace illness and injury prevention programs and assure adherence to accident-avoidance initiatives.
    • Provide post-accident follow-up including reporting, investigation and liaison for insurance, legal and incident prevention purposes.
    • Function as liaison between assigned property and CIM asset managers, leasing representatives, development personnel and other internal parties. Support activities may include but are not limited to:
      • Assure space is in show-ready condition, provide input as leases are negotiated and provide cost estimates for landlord work.
      • Participate in due diligence activities.
      • Gather and analyze financial and statistical data for decision making.SUPERVISORY RESPONSIBILITIES:
        • Supervise on-site staff. Plan, organize and control employee-focused activities including but not limited to:
          • Assure compliance with all applicable employment laws, company policies and procedures, and management directives.
          • Plan and monitor appropriate staffing levels and utilization of labor, including overtime.
          • Facilitate employee development and training opportunities that promote maximum productivity.
          • Prepare and deliver regular performance appraisal for staff. Recommend staff recruitment, selection, promotion, advancement, corrective action and termination.
          • Mentor and coach team members to further develop competencies. Foster a positive team culture ensuring low turnover and high satisfaction for CIM employees and 3rd party staff members.
          • Lead by example and model behaviors that are consistent with the company's values.EDUCATION/EXPERIENCE REQUIREMENTS:
            • Bachelor's Degree (BA or BS) or equivalent from accredited college or university with successful completion of business-related coursework.
            • A minimum of two years of successful, professional property management experience in a commercial office environment.
            • A minimum of one year experience in a supervisory role.
            • Demonstrated practitioner's knowledge and skills in: contract administration, lease administration, expense escalation practices, accounting and financial management and reporting, financial analysis, budgeting and expense management, business planning, risk management, tax assessments, tenant relations, construction and tenant finish activities, engineering and preventative maintenance, energy management, security, emergency procedures, garage and parking operations.
            • Proficiency with Microsoft Office including Outlook, Word, Excel, PowerPoint.
            • Proficiency with 3rd party software for maintenance of service records, ex Angus AnyWhere.
            • Proficiency with financial software such as Yardi and NexusPayables.KNOWLEDGE, SKILLS AND ABILITIES:
              • Ability to apply sound judgment to issuing and/or carrying out instructions.
              • Solve varied business problems inherent in supervisory activities and oversight of suppliers, vendors and/or contractors.
              • Ascertain tenant needs and develop strategies to meet those needs.
              • Make sound property decisions from market-based projections using knowledge of commercial real estate markets and interpretation of current trends.
              • Ability to communicate verbally and in writing with tenants and staff members, interview prospective employees, train subordinates, communicate performance expectations and provide regular feedback on performance.
              • Ability to read, analyze and interpret complex and technical materials such as vendor contracts, lease abstracts, financial reports and/or legal documents.
              • Ability to effectively present information to top management, public groups and/or business owners, tenant groups.
              • Ability to respond effectively to the most sensitive inquiries or complaints in a timely manner.PERFORMANCE METRICS:
                • Meet stated Investments approved operating budgets based on leasing objectives, cost control and annual NOI.
                • Complete owner reports and other required corporate reporting requirements on time.
                • Ensure accounting deadlines are met for Yardi lease input, move outs, reserve and write-off of bad debt.
                • Tenant questionnaires and corporate surveys.WHAT CIM OFFERS:At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:
                  • A variety of Medical, dental, and vision benefit plans
                  • Health Savings Account with a generous employer contribution
                  • Company paid life and disability insurance
                  • 401(k) savings plan, with company match
                  • Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave
                  • Up to 16 hours of volunteer time off
                  • Up to 16 weeks of Paid Parental Leave
                  • Ongoing professional development programs
                  • Wellness program, including monthly and quarterly prizes
                  • And more!Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Los Angeles, California is $90,000 - $105,000.HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.CIM is committed to maintaining the confidentiality and privacy of your personal and financial information. Please for our Privacy Policy.#LI-SP1
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Keywords: CIM Group, LP, Los Angeles , Property Manager (Commercial), Accounting, Auditing , Los Angeles, California