Regional Director

Posted:
10/10/2024, 5:00:00 PM

Location(s):
Washington, District of Columbia, United States ⋅ District of Columbia, United States

Experience Level(s):
Senior

Field(s):
Finance & Banking

Location

Foundry Lofts - 301 Tingey Street S.E.

Business

We know that a “one-size-fits-all” approach doesn’t work when it comes to residential living. That’s why, at Brookfield Properties, our portfolio features a wide range of options for any stage of life. And though our properties may be diverse, one thing is universal: all offer the unparalleled quality, service, and support our residents deserve.

If you’re ready to be a part of our team, we encourage you to apply.

Job Description

Overview
The Regional Director is responsible for executing the strategy of their portfolio, the residential segment and the broader strategy of Brookfield Properties. This role manages execution by providing leadership and direction to property managers, general managers, senior property managers, and (indirectly) operations managers and other property associates. Has control and full P&L responsibilities over thousands of apartment units in multiple markets and the corresponding multi-million dollars of income, expenses, capital expenditures and NOI. Position is responsible for maintaining the physical assets, resident satisfaction and the development/growth of associates.

Essential Job Functions

1. Performs all aspects of financial management including budgeting, financial modeling and analysis both quantitative and qualitative and is fully responsible to meet financial goals of the portfolio and organization. (20%)

2. Demonstrates and provides leadership and management to property associates, creates a collaborative environment and develops associates for growth opportunities and ensures that smart goals and objectives are created for each associate.  (15%)

3. Prepares variance reports and performs property audits.  Manages expenses and income to maximize NOI, improve operating margins and enhance property value (10%)

4. Studies along with the site and marketing teams the market conditions, demand and supply metrics and competitors and validates that data to properly access the appropriate placement of their portfolio in the market. (10%)

5. Timely completion of capital or other improvements, within budgeted limits, and with the coordination and involvement of Engineering, IDS and Procurement (10%)

6. Participates in a wide ranging number of corporate led initiatives providing subject matter expertise and leadership. Collaborates with peers across the organization in developing organization wide processes.  (5%)

7. Visits each property at least monthly to examine, discuss, and resolve issues regarding curb appeal, marketing, maintenance, occupancy, accounting, associates, and/or other issues as necessary (20%)

8. Maintains a working knowledge of company policies, applicable local, state, and Federal laws and regulations, affordable housing programs, and other applicable policies and procedures.  Ensures compliance of property associates (5%)

9. Provides leadership and ensures that the highest possible resident satisfaction levels are met. Creates plans and strategies for continuous improvement (5%)

Education

This position requires a(n) Undergraduate (Bachelor) Degree in Property Management or related discipline.

Work Experience

Below is the required/preferred work experience for this position:

8 - 10 years: Progressively responsible experience in property management - Required

Note: 10+ Years of experience can offset minimum educational requirements for this position

Travel

Travel up to 50% of the time

Compensation

Commensurate with Experience

$163,000 - 228,060 annually

Great Incentives!

Brookfield Properties cares about the well-being and work-life balance of our valued associates! To show how much we care, we offer awesome incentives that include: 

  • Full benefits package 

  • Generous paid time off 

  • 401(k) with company match 

  • Growth and advancement opportunities 

Equal Opportunity Employer: Minorities/Religion/Sex/Protected Veterans/Disability/Sexual Orientation/Gender Identity/Marital Status/Pregnancy/Age/National Origin/Genetic Information. Drug free workplace 

#LI-JS1

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

#BPMF