Managing Director of Commercial Property Management

Managing Director of Commercial Property Management

Job Details

Level

Senior

Job Location

Corporate Office - Farmington Hills - Farmington Hills, MI

Position Type

Full Time

Education Level

4 Year Degree

Job Category

Real Estate

Description

Friedman Real Estate seeks to hire a Managing Director to oversee, direct and supervise a team of professionals who currently provide property and asset management services to a portfolio of office, industrial and retail properties located throughout the United States. The ideal candidate for this role is an individual with 10+ years of property management experience with 5+ years of experience as a leader of people/teams. This is a high-profile position that will be based out of the company’s headquarters in Farmington Hills, Michigan.

Roles and Responsibilities

Leadership

Leading, managing, and mentoring a team of 50+ property management professionals, including property/portfolio managers, maintenance technicians, and building engineers

Establishing quarterly and annual goals for each team member and the properties they manage

Providing guidance, oversight, and supervision to ensure all goals are achieved

Operations

Defining and managing operational metrics to track quantitative performance goals, while overseeing the creation and approval of operating and capital budgets, as well as monthly financial reports

Implementing cost control strategies and ensuring adherence to the expense budget, with a focus on revenue maximization through strategic planning and optimization

Managing delinquency through proactive plans to minimize arrears and enhance collections

Driving process improvement initiatives and standardizing operational processes for continuous improvement

Tenant/Owner Relations

Committed to delivering best-in-class client service by building trusted partnerships, maintaining open and transparent communication, and consistently exceeding tenant and owner expectations

Serving as a proactive and reliable point of contact for tenants and owners, ensuring issues are resolved efficiently and professionally

What we are looking for

Extensive experience in budget management and financial oversight, including the development, monitoring, and execution of operating and capital budgets across multi-site portfolios

Proven ability to lead financial reporting processes, analyze performance data, and drive strategic decision-making to improve net operating income and overall asset value

Deep understanding of commercial leasing practices, including lease administration, tenant retention strategies, and maximizing occupancy and revenue potential.

Friedman Real Estate is an Equal Opportunity Employer

Applicants are considered regardless of race, color, religion, creed, sex, pregnancy, family responsibility, national origin or ancestry, citizenship, marital status, sexual orientation, transgender status, veteran's status, genetic information, or status as a qualified individual with a disability or any other protected characteristic in accordance with applicable law.