Director, Portfolio Management - South Bay / Los Angeles, CA
$135k - $155k USD
Rexford Industrial Realty, Inc. (NYSE: REXR) is a leading, publicly traded industrial real estate investment and management company operating a $14 Billion industrial real estate portfolio.
Director, Portfolio Management - Los Angeles, CA - South Bay
We have an exciting opportunity for a Director of Portfolio Management to join our team. You will provide support to the Regional VP in the management of a large industrial portfolio and be responsible for managing the day-to-day activities of the properties and property staff to fulfill the objectives set each year.
Location: Hybrid - Los Angeles, CA
Work Arrangement: You will follow a hybrid work model, offering a balanced blend of remote and in-office work.
Responsibilities:
- Implement regional strategies to drive the growth and success of the commercial industrial real estate portfolio.
- Provide leadership and guidance to a team of property managers and support staff to ensure operational excellence.
- Collaborate with senior leadership to set regional goals, objectives, and performance metrics aligned with company objectives.
- Oversee capital improvement projects to enhance property value.
- Maintains Tenant and Vendor relationships across the portfolio to maximize tenant retention, quality of work performed and best in class pricing of services.
- Oversee financial performance, review budgets, forecasts, and reports to track regional performance and identify areas for improvement.
- Ensure compliance with legal regulations, industry standards, and company policies across all properties in the region.
- Lead and support regional initiatives, training programs, and professional development opportunities for team members.
- Implement new Property Management processes and procedures in collaboration with senior management.
- Oversees the completion of annual CAM Recs and budgeting process.
- Maintains highest possible product quality and ensures Class A Property Management directives are being met consistently across the portfolio, including capital projects, Rexford branding, etc.
- Ensures the appearance, functionality and physical aspects of the properties meet Rexford’s established standards through routine site inspections and communicates concerns and requests for capital improvements to Vice President of Property Management.
Qualifications/Education:
- CPM or actively pursuing designation
- Active in one or more associations (ie IREM, BOMA, etc.)
- BA degree or equivalent to a 4-year college degree
- 6+ years property management experience managing a commercial/industrial multi-tenant portfolio
- Current Real Estate License
- Proven record of providing excellent internal and external customer service
- Experience with Budgets and CAM Reconciliations
- Strong verbal and written communication
- Excellent organizational and time management skills and a strong attention to detail
- Strong accounting skills and knowledge
- Proficient with Microsoft Excel, Word and Yardi
Compensation:
Rexford Industrial's total reward plan includes a premier benefits package, bonus eligibility and long-term stock incentives. The expected annual base salary range for this role is $135,000 to $155,000, with a 30% discretionary annual bonus target and stock grant eligibility.*The actual base salary and total compensation offered depend on a variety of factors, which include, without limitation, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location where the job will be performed. The final base salary and total compensation will be described in any offer letter.
ADA Requirements: The physical demands, work environment factors, and mental functions described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
What We Offer
- Comprehensive Benefits Package Including Medical, Dental, Vision, and Life Insurance.
- Flexible Time Off
- Bonus Eligibility & Long-Term Incentives
- 401(k) Employer Match Program
- Professional Development Resources
- Robust Health & Wellness Program
- Volunteer and Community Engagement Opportunities
- Employee Resource Groups committed to Diversity, Equity, and Inclusion.
We are committed to equity in all steps of the recruitment and employment experience. We celebrate diversity and are committed to promoting an inclusive environment for all employees. We do not discriminate based on race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. We strive to be a safe place to ask questions, build professional relationships, and develop careers. Qualified applicants with arrest or conviction records will be considered for the position in accordance with the Los Angeles County Fair Chance Ordinance.
In accordance with the California Consumer Privacy Act (“CCPA”), Rexford Industrial Realty, Inc. (“Rexford”) makes the following disclosure: in connection with an application for employment at Rexford, Rexford is collecting the categories of personal information requested in the application for the purpose of evaluating a potential employment relationship with the applicant. Rexford does not sell personal information. To learn more about Rexford’s privacy policy, please visit https://www.rexfordindustrial.com/privacy-policy
*These stock grants are subject to approval by the Compensation Committee of the Board of Directors, are currently subject to vesting over a four-year period, with 25% of the grant vesting per year, and require continued employment on the grant date and each applicable vesting date. Actual bonus and stock grants are discretionary based on company and/or individual performance determined by Rexford Industrial in its sole discretion, and the amount of any such bonus and/or stock grant may be less or more than the targets (and may be zero). You must remain employed through the payment date of any such bonus and/or vesting to be eligible for payment/vesting.