Vice President of Property Management

Roers Companies is seeking an innovative, dedicated leader to join our team in Plymouth, MN as our new Vice President of Property Management.

About Us

Roers Companies is a 2024 USA Today Top Workplace and an emerging national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we’re on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed nearly $3 billion in real estate, representing more than 12,000 homes across the Midwest, Mountain Southwest, and Sunbelt regions. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.

About You

You’re passionate about your work and strive to achieve ambitious goals. You offer an extra hand and aren’t afraid to ask for help when needed. You act with integrity and empathy for the people around you. You get the big picture while executing the little details. In other words, you share our corporate values — passion, work ethic, teamwork, integrity, and ownership mindset.

Responsibilities

The role of a Vice President (VP) of Property Management is not only pivotal but also a challenging one. This position plays a vital role in driving strategies that ensure the highest return on real estate investments. With vast responsibilities spanning from overseeing property-related operations to liaising with stakeholders and partners, the VP of Property Management is a cornerstone for Roers Companies' success.

This position is responsible for the physical integrity, safety, compliance, physical & economic occupancy, and client satisfaction of both company owned and 3rd party managed properties. This position is also very involved in the company vision and strategy regarding property operations, team growth and accountability charts.

• Works with the management leadership team to establish and implement initiatives and policies.
• On an ongoing basis has a deep knowledge of all property assets including partner distributions, reserves, capital accounts, financing terms, and asset preservation strategies.
• Partners with Asset Management to analyze options for re-financing to maximize property cash flow and resources for recapitalization, develop and execute corrective action plans for properties not meeting benchmarks, develop long-term financial plans for each property to support adequate capital planning, and assist Asset Management when needed as they manage lender relationships to ensure debt and regulatory issues are addressed appropriately.
• Reviews property budgets and long-term capital plans for overall reasonableness, comparison to portfolio and industry averages, and special financing provisions such as balloon payments or special reserves.
• Plans and coordinate physical rehabilitation work in partnership with Development.
• Partners with the Equity team and Asset Management to provide effective analysis and reporting to all investors and lenders.
• Incorporates new properties into Asset Management review and reporting after occupancy and monitor early financial performance closely. Coordinate adjustments with Development and Property Management as necessary.
• Develops and annually update a three-year strategic plan.
• Monitors property financial performance compared to projections at time of financing.
• Manages performance reports to distribute to Senior Leadership and Executive Teams.
• Lead residential corporate budgeting process to evaluate and improve efficiency, cost effectiveness and revenue optimization.
• Works with Property Management team during budget development to ensure adherence to investor, lender, and regulatory requirements.
• Provides long-term analysis and review as input to the property budget process, particularly when partnering with Asset Management on the long-term capital planning area.
• Responsible for overall profitability of the portfolio.
• Provides analytical support to Property Managements presentation of budgets to Ownership, Finance, Property and Asset Management Committee.
• Is accountable for and maintains accountability within team through directors, regional managers, property managers, and all staff. Prepares objectives, key results, and quarterly check-ins for staff on a timely basis.
• Building teams both professionally and personally to ensure successful operation of current business and prepared to take on future growth, challenges, and opportunities.
• Builds and maintains strong organizational relationships with Human Resources, Development, Equity, Asset Management, Marketing and Construction.
• Oversees risk management as it relates to insurance, crisis preparedness and crisis avoidance matters.
• Assures the integrity and consistency of all compliance and other required reporting related to the property portfolio.
• Strong negotiation skills are crucial as this role often involves dealing with contractors, tenants, and vendors.

• High School Diploma or GED, Bachelor’s degree
• 10+ years’ experience in a field of asset or real estate management sector.
• Extension experience managing both market rate and affordable housing properties, laws and regulations that apply to them is preferred.
• Experience in leading the management of a significant portfolio of multi-unit properties and significant number of overall units with high levels of client satisfaction.

Skills/Abilities:

• Champion of company values
• Excellent communication and presentation skills, both written and oral, with the ability to represent the organization internally and externally across a wide range of stakeholders and constituencies.
• Proven success as a leader, with experience appropriate to a senior leader position.
• Ability to develop staff who champion company values and initiatives. Has developed a leader who is developing a leader inside their department.
• Demonstrate ability to solve, interpret, analyze complex data and issues and draw valid conclusions.
• Proven strategic partner developing long-term plans, providing consultative advice, and leading new initiatives across a matrix environment.
• Strong relationship builder with the ability to establish common ground, build consensus and strengthen collaboration among diverse stakeholders.
• Proficient Microsoft Office skills required.
• Must be organized, detail oriented and have good time management skills.
• Ability to work a flexible schedule, understanding that your scheduled workdays may vary according to staffing and property needs.
• Entrepreneurial ownership mindset –makes smart decisions for business, puts clients and teammates first, collaborative, inquisitive, self-motivated, and operates on trust.
• High integrity – trusted, direct, truthful. Embodies confidence and admits mistakes.
• Works as a team player. Operates with the understanding that we do our best when we work together.
• Passionate about your work and our company goals and vision.
• Strive to achieve ambitious goals - loves to be challenged, determined to win, works tirelessly to achieve results.
• Ability to perform the physical functions of the position, which may include, but are not limited to: ability to walk property, including up to 4 flights of stairs, and complete physical inspections.
• Maintain neat, well-groomed, professional appearance.

Benefits & Perks

Our full-time employees are eligible for these benefits and perks:

• Medical, dental, and vision insurance including HSA
• Paid Parental Leave
• Employer Paid Basic Life Insurance
• Employer Paid Long-Term Disability
• Voluntary Life, AD&D, and Short-Term Disability insurance
• 401k Match
• Equity Opportunity with Match
• Competitive PTO and Paid Holidays
• Gym Membership Reimbursement
• Free Stays in our Properties’ Guest Suites
• Rent Discount if you choose to live at one of our properties
• Free Weekly Office lunches and Fully Stocked Fridge
• Monthly Social Outings
• Shorter Friday Workdays During Summer

Roers Companies is focused on building a workforce that is diverse and inclusive. We are an Equal Opportunity Employer and consider applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics, or any other basis forbidden under federal, provincial, or local law. E-verify compliant.

Candidates will be required to pass a criminal background check and motor vehicle report.

In order to be considered for this position, applicants must complete a survey at this link:

https://go.apply.ci/s/83Iy24550b

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