CFT Associate Property Manager; Illinois

CFT Associate Property Manager (Illinois)

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Summary of Job Description

The CFT Associate Property Manager (APM) is responsible for overall performance and profitability of assigned commercial real estate portfolio by controlling costs, maintaining excellent tenant relations, and maximizing the potential of each property through quality control and operations management. The APM manages vendors and service contracts, maximizing opportunities for enhanced service quality, improved operating efficiency, cost savings, and maintaining the CFT standard for property appearance and tenant satisfaction.

The APM coordinates with vendors to resolve property repair and maintenance issues independently on a timely basis. The APM reviews recurring charges in Yardi for all tenants to ensure accuracy and makes billing changes and corrections as needed. This position confirms the coding of property invoices (e.g., property tax, utility, repair and maintenance invoices) is accurate and payment is processed on a timely basis.

The APM must prepare annual operating budgets and conduct annual reconciliation for the assigned properties.

• Responsible for preparing annual property budgets, maximizing net operating income, and continually adding value to the assets.
• Review and analyze property financial statements to assess the viability of the asset.
• Review and approve expenditures within specified budgetary guidelines.
• Audit, approve and ensure proper GL code is used on all property invoices; ensure property tax, utility, repair and maintenance invoices are paid and processed on time.

• Input executed leases, renewals, assignments, escalations, and amendments into Yardi to ensure accurate reporting.
• Responsible for rent collection of all tenants in assigned portfolio and timely deposit of rents to keep each tenant current.
• Reconcile tenant rent and CAM and other NNN recovery charges.

• Ensure all properties are maintained and repairs are executed in a timely and cost-effective manner.
• Select contract services, negotiate vendor agreements, and monitor vendor performance to assure compliance with standards.

• Accept and set up new developed properties delivered by construction and new acquisition by real estate team.
• Conduct periodic property inspections and ensure first‑class property condition, including grounds and common area maintenance, according to standards.
• Review performance of all improvement work performed on each property (capital and tenant improvements) and ensure high quality of work is delivered.

• Engage in annual operational planning to identify areas of opportunity and set measurable business objectives for the upcoming year.
• Participate in monthly operations review through management by objectives and results (MOR) process and take corrective action on results to be achieved.

• Perform special assignments and manage assigned tasks as directed.

• Chicago, Illinois

• Hybrid Work schedule
• 401K with company match
• Yearly bonus opportunity*
• Full medical, dental, and vision insurance *
• On‑site fitness center, biometric screen, and flu shot clinic
• Discounts at Panda restaurants, theme parks, and gym memberships
• Paid time off starting at 15 days with 7 federal holidays*
• Continuous education assistance and scholarships*
• Income protection including Disability, Life and AD&D insurance*
• Bereavement leave*
• Benefits available for eligible permanent full‑time associates

• Bachelor’s degree in Business or related field required
• Minimum five years of relevant experience required
• YARDI experience required
• Candidate for IREM CPM, BOMA RPA, or ICSC CSM
• Successful completion of initial and periodically required trainings.
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.

• Office conditions; travel to on‑site meetings at properties and construction turnovers: 20%. Applicants must be able to meet this requirement, with or without reasonable accommodations.

P3: $90,000 - $126,500 annual. Within the range, individual pay is determined using various factors, including work location and experience.

Mid‑Senior level

Full‑time

Sales and Management

Restaurants