Commercial Retail Property Manager

Saul Centers, Inc. is a self-managed, self-administered equity real estate investment trust, formed in 1993. Saul Centers operates and manages a real estate portfolio of 61 community and neighborhood shopping center and office properties totaling approximately 9.8 million square feet of leasable area. 
Saul Centers’ primary operating strategy is to continue its program of internal growth, renovations, and expansions of community and neighborhood shopping centers that primarily service the day-to-day necessities and services subsector of the overall retail market.
Job Purpose: The Commercial Retail Property Manager is Responsible for the physical operation, maintenance, lease administration, and fiscal management for a portfolio of commercial shopping centers and office buildings.  Our goal is to ensure efficient and reliable operation of the buildings, consistent with the owner’s financial objectives.  The property manager will supervise qualified personnel to service the building, prepare bid proposals and hire outside contractors as authorized, and maintain positive relationships with tenants. Supervision & Authority:Under the general supervision and direction of management, the Commercial Retail Property Manager complies with established Operating Policies and Procedures.  The Property Manager is vested with authority to make discretionary decisions in the event of emergency circumstances not covered by Policies and Procedures.

Summary of Competitive Benefits & Perks:

• Health/Medical Insurance including Dental and Vision
• 401(k) with company match
• Paid time off
• Bonus/Target Incentive
• Tuition Reimbursement
• Complimentary usage of modern in-house fitness center
• On-premise full-service dining center discounts
• Discounts via the company’s EAP
• Monthly Employee Recognition Programs
• Referral bonus
• Pre-tax transportation options
• Plus more!

Commercial Retail Property Manager: Duties & Responsibilities:

• Supervises the repair, maintenance, and operation of assigned properties, utilizing the services of employees or contractors.  Regularly inspects properties to ensure that buildings are in good operating order and appearance.


• Prepares bid proposals for all outside service contracts per Policies and Procedures.  Awards contracts with approval of supervisor.  Supervises and evaluates all outside contractors for performance per specifications. Accepts responsibility for accounts payable from purchase orders through coding and approval for payment.


• Creates accrual operating budget for fiscal year which, when approved by Owner’s representative, shall constitute fiscal plan for property.  Prepares written, detailed management plan, reflecting the approved budget expenses and detailing building standard services to be provided and non-standard services to be offered.  Prepares cash flow operating projections for full or partial fiscal year.  Prepares written reports on the physical status of the buildings with recommendations for repairs or replacements.  Prepares financial reports and variance reports as required.  Understanding of cash flow at properties and reasons for variances is critical.


• Reconciles weekly all invoicing by coding properly and forwarding to accounting.  On a monthly basis, reports to senior management on all financial accounting explaining any variances in their portfolio.


• Reviews rent roll and sales reports monthly noting differences and communicating with tenants concerning compliance in reporting sales.


• On a 24-hour basis, responds as necessary to any building emergencies that cannot be handled by the maintenance supervisor.  Must advise supervisor when travelling outside of greater Washington area.  In order to respond to emergencies, the property manager carries a cell phone at all times (24/7).  Takes necessary steps to safeguard or minimize damage to property.


• Coordinates with leasing representative and construction manager regarding introduction of tenants to building after lease execution.  Monitors tenant improvements to effect smooth transfer of responsibility from construction department to management.  Ensures that construction work performed in buildings, whether by management company or by tenants, is performed in accordance with Policies and Procedures.


• Provides lease administration per Policies and Procedures.  Reviews all initial lease abstracts and monitors billing of rents and operating expenses, rent escalations, and above-standard services and utilities.


• Provides direction and supervision to the Site Maintenance Supervisor in the performance of their duties.  Evaluates responsiveness and discusses their performance, including areas of concern or development