REDICO, LLC

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Job Locations US-MI-Detroit
Property Manager The Fisher Building, Detroit   Position Summary Overall, the Property Manager is responsible for all facets of the property(s) in his/her portfolio and s/he has a responsibility to ensure the property is managed according to REDICO’s established procedures. All staff who report to the Property Manager must follow all established guidelines, procedures, and budgets as well. The Property Manager should also have a general knowledge of all building operating systems.    Responsibilities Building Operations - Maintain and develop written standard operating procedures for building operations. - Ensure that mechanical/electrical system maintenance is being performed - Life Safety issues including proper training of building staff and a written record of all testing and alarm activations. - Follow Risk Management guidelines as defined by REDICO. - Ensure that tenant services are provided according to all lease documents - Oversee all contracts/vendors (including proper documentation). - Implement energy management program and monitor utility usage. - Supervise, train and motivate building staff. - Interface with internal and external brokerage agent. - Work with the Senior PM and Director of Operations to establish tenant relations and retention programs that are well planned and measurable. - Build and foster tenant relationships through frequent, in-person interactions. - Assist Senior PM in resolving issues with existing tenants.   Tenant & Construction Process - Coordinate with the project manager all construction work and its impact on the property. - Assist in the review with the building team all construction documents and specifications. - Attend or designate an attendee to all construction meetings. - Monitor construction project progress including project close-out, finish dates, move-in dates, budget close-out. - Maintain summary file to include, bids, permit, Certificate of Occupancy, correspondence. - Maintain a full set of as-built building drawings and specifications. - Set-up and close-out Job Cost process.   Building Management Office Procedures - Ensure efficient, courteous and professional day-to-day operation of the management office which includes: - Authorization processes - Correspondence and filing systems - Purchase of goods and services - General office operating procedures - Receivables/income/expense - Service/Maintenance requests - Specifications and bidding process - Tenant servicing/relations   Financial - Responsible for all aspects of the financial stability of the property including maintaining budgets, yields, and the following: - Budget-to-actual reports - Accruals - Review of recurring charges/miscellaneous billings/AP approval - Review of rent roll for accuracy - Interaction with accounting - Quarterly Reforecast - Budget preparation - Capital Planning and oversight of building improvements - Job-cost system organization   Requirements - Bachelor’s degree – minimum 3.0 GPA. - Four to eight years’ experience in commercial real estate. - RPA or CPM designations a plus. - Strong proficiency with Property Management/Accounting Software (preferably MRI), Excel and other Windows applications. - Previous supervisory experience. - Strong communication skills, both verbal and written, are essential.  - Excellent client service orientation. - Exceptional organizational skills and verbal and written communication skills. - Ability to work in a fast-paced, collaborative and results driven environment. 
ID
2021-6944
Job Locations US-MI-Southfield
Property Accountant Position Summary: The Property Accountant plays an integral role on REDICO’s Accounting and Finance Department’s American House portfolio. Under direction from the Controller, the Property Accountant owns a portfolio of properties and is responsible for all financial reporting and record keeping related to those properties.  The Property Accountant will also help provide financial direction for each property going beyond the typical reporting aspects of an accounting role, and partnering with the property to help promote financial success.   Qualifications and Required Experience for Property Accountant: - Candidate must possess a bachelor’s degree in Finance or Accounting. - 3 years of Accounting experience, preferably in Property Accounting. - Candidate must possess above average language and communication skills. - Must possess good reasoning ability and have excellent problem solving skills. - Hands-on experience with the property accounting software, Yardi is preferred. Primary Responsibilities for Property Accountant: - Compiles and analyzes financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions. - Analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for other managers. - Audits contracts, orders, and vouchers, and prepares reports to substantiate individual transactions prior to settlement. - Installs, modifies, documents, and coordinates implementation of accounting systems and accounting control procedures - Devises and implements system for general accounting. - Makes recommendations regarding the accounting of reserves, assets, and expenditures. - Conducts studies and submits recommendations for improving the organization's accounting operation. - Conducts special studies to analyze complex financial actions and prepares recommendations for policy, procedure, control, or action. - Preparation of annual budgets and monthly reforecast of assigned properties. - Analyzes financial information to determine present and future financial performance of properties. - Identifies trends and recommends improvements accordingly. - Prepares annual work papers for outside CPA review and preparation of financial statements and tax returns. At REDICO, we are a trusted commercial real estate, development, investment, construction and property management leader. Our success is powered by an innovative, ambitious approach to diversification, coupled with a long-standing foundation of experience, stability, and respect. Each day, our team’s mission is to communicate, execute, and focus our teamwork in pursuit of our goal: To create and maximize real estate value for our company, our partners, our investors, our customers, and the community. We strive to create an environment where our employees are proud, highly satisfied and committed members of the REDICO team.  We are a ten-time winner of Metropolitan Detroit’s 101 Best & Brightest Companies To Work For competition. We offer an exciting place to work and great employee perks, plus market competitive compensation and benefits. REDICO is an Equal Opportunity Employer.  We support a safe, healthy and drug-free workplace through criminal background checks and pre-employment drug testing.
ID
2021-6850
Job Locations US-MI-Southfield
Job Function:   Provide financial and administrative support for the Accounting team in a fast-paced environment with a client service focus. This role includes processing a high volume of invoices, monitoring aged invoices, and performing other accounting and administrative tasks within the Accounts Payable Department.   Essential Functions:   Ensure invoices batch daily from electronic invoice approval system into accounting software.   Process vendor invoices using an electronic invoice approval system.   Ensure timely and accurate payment processing in accordance with weekly schedule.   Update Accounts Payable daily for wire and auto-debit payment information.   Generate reports from multiple software programs at various times throughout the month.   Process tenant credit card payments as requested by the communities.   Process entertainer reimbursements on a monthly basis.   Review vendors' monthly statements; check for accuracy; ensure all invoices/credits have been received.   Maintain vendor records, including W-9 and current insurance certificates.   Maintain a 24 hour response time to inquiries from internal team and external vendors.   Prepare bank reconciliations on a monthly basis.   Prepare 1099 and 1096 annual reporting.   Adjust monthly recurring invoice amounts.               Perform month end close by reviewing reports for accuracy prior to posting to the general ledger.   Perform other related duties as needed to assist the Accounting team in providing excellent customer support for investors, management, and other areas within the organization.     Job Requirements/Qualifications:   Associate Degree in accounting or relevant experience of five years or greater in related role strongly preferred.    In addition to the above the candidate is required to:   - Be Deadline/Goal Oriented. - Exhibit excellent verbal and written communication skills. - Take initiative. - Work independently while achieving team goals. - Manage multiple projects. - Be detail oriented. - Apply sound business judgment. - Excel in a fast-paced environment. - MS Office software required. Yardi and Nexus software a plus.
ID
2021-6828
Job Locations US-MI-Southfield
LEASE ADMINISTRATOR   PERSPECTIVE The Leasing department is charged with the day-to-day oversight of leasing activities on the portfolio, considering the objectives and needs of the clients, owners and lenders with a focus on increasing revenue and occupancy at all of REDICO’s properties The Lease Administrator position is designed to coordinate Leasing and marketing activities related to REDICO’s portfolio of properties, lease processing and data information for Tenants.  The primary goal of this position is to ensure that all documentation related to leases are tracked and processed accurately.  The Administrator coordinates all lease documents, collects and inputs data, provides financial, statistical, and other reports and analysis for the Leasing Department, Property Management, Asset Management, Acquisitions and Development and other departments as required within REDICO. The position is characterized by a high degree of responsibility, organizational skills, technical aptitude and diplomacy.   JOB DESCRIPTION Job responsibilities include: - Track and maintain all lease expirations, renewal options and other critical dates to ensure that all lease related timetables are tracked and actively managed. Communicate to appropriate REDICO Leasing Representative.  - Coordinate preparation of all lease documents (with inhouse or external legal counsel). Track work flow of documents to ensure completion within deadlines. Follow through until documents are fully executed by all parties.  Legal documents include, but are not limited to: new leases, amendments, terminations, subleases, assignments, SNDA’s estoppels, and memorandum of lease. - Prepare proposals in conjunction with REDICO Leasing Representative. Prepare Lease Proposal tracking sheets for Leasing Representative and Asset Manager review of historical negotiations. - Assist in obtaining prospective tenants’ financial and other required information to evaluate new tenants. - Maintain information on Landlord entity signature block and authorized Landlord signers. - Maintain database of required approvals for lease execution (lender/partners). Coordinate lender/owner approval of lease as required. - Distribute and process all documents after execution. - Update / maintain suite & square footage data in MRI when lease / amendments are executed. - Process security deposits and first month’s rent checks that are received. - Maintain and track letter of credits. - Provide support as needed regarding lease language interpretation. - Input lease information into lease tracking systems including MRI and VTS. - Preparation and processing of SNDA’s and Estoppel requests as needed. - Preparation of tenant notices, commencement letters, certificates, etc. - Maintain physical and electronic lease files. - Review, monitor and update REDICO properties on CoStar, Loopnet and CPIX as needed. Run searches and market information from CoStar, Loopnet as needed. Administer REDICO’s CoStar subscription and evaluate cost/benefits for upgrading or downgrading. - Process Tenant Move-Outs within MRI. - Maintain leasing update report for reconciliation of monthly forecasting of leasing activities against the budget within due dates and parameters set. - Coordinate and prepare leasing assumptions in conjunction with the Leasing Representatives on an annual & quarterly basis. - Coordinate and prepare Leasing & Marketing Plans in conjunction with the Leasing Representatives for Asset Management’s annual business plans. - Maintain Commission Agreement files for outside brokers. Prepare and process commission calculations for invoicing & payment. - Research lease information as directed. - Coordinate large tenant showings with Listing Broker and Property Management team. - Maintain files of Floor Plans or Site Plans and assist Leasing team with updating for marketing purposes (in conjunction with REDICO space plan department). - Tour and understand assigned properties. - Provide administrative support to Leasing Department. - Keep records of competitive rents in the market by Property. - Participate in leasing update meetings with REDICO Leasing Representatives & outside brokers – as directed - Maintain leasing activity reports for internal Leasing update meetings. - Maintain strong rapport and work with REDICO Leasing representatives to establish marketing guidelines and procedures with listing broker(s) for each property, including RFP process, ordering signs and broker reporting. - Assist with broker events; maintain friendly broker relationships. - Prepare miscellaneous reports and correspondence. - Set up and coordinate various meetings as needed to include ordering lunch, set up / clean up, etc.  QUALIFICATIONS - Possess a strong understanding of real estate document processing and operations. - Understanding of commercial leases.  - Ability to work in a fast paced environment. - Excellent Customer Service and Communication Skills. Effectively communicate with tenants, legal counsel, co-workers, supervisors, management. - Strong computer skills, including Microsoft Office Excel and Word, Internet, MRI and VTS a plus. - Strong organizational skills and ability to create and manage information databases. - Strong attention to detail - Minimum four years of experience in the real estate industry. - Be able to work with minimal supervision.
ID
2021-6621
Job Locations US-MO-Creve Coeur
Position Title:          Senior Property Manager Location:          St. Louis/Creve Coeur Reports to:               Director of Office Property Operations   Position Summary We are looking for an experienced Senior Property Manager to manage a Class A office park located in Creve Coeur, MO.  The SPM is responsible for all facets of operation and management of their portfolio to REDICO’s standards based on established procedures.   Oversee, direct and coach the property team.  The Senior Property Manager should also have in depth knowledge of all building operating systems, property accounting, construction for tenant improvements and capital project planning and oversite.    Responsibilities Building Operations - Maintain and develop written standard operating procedures for building operations. - Ensure that mechanical/electrical system maintenance is being performed - Life Safety issues including proper training of building staff and a written record of all testing and alarm activations. - Follow Risk Management guidelines as defined by REDICO. - Ensure that tenant services are provided according to all lease documents - Oversee all contracts/vendors (including proper documentation). - Implement energy management program and monitor utility usage. - Supervise, train and motivate building staff. - Interface with internal and external brokerage agent. - Work with the Director of Operations to establish tenant relations and retention programs that are well planned and measurable. - Build and foster tenant relationships through frequent, in-person interactions.   Tenant & Construction Process - Bid and oversee all tenant and capital improvements. - Coordinate all construction work and its impact on the property. - Assist in the review with the building team all construction documents and specifications. - Attend all construction meetings. - Maintain a full set of as-built building drawings and specifications.   Building Management Office Procedures - Ensure efficient, courteous and professional day-to-day operation of the management office which includes: - Authorization processes - Correspondence and filing systems - Purchase of goods and services - General office operating procedures - Receivables/income/expense - Service/Maintenance requests - Specifications and bidding process - Tenant servicing/relations   Financial - Responsible for all aspects of the financial stability of the property including maintaining budgets, yields, and the following: - Budget-to-actual reports - Accruals - Review of recurring charges/miscellaneous billings/AP approval - Review of rent roll for accuracy - Interaction with accounting - Quarterly Reforecast - Budget preparation - Capital Planning and oversight of building improvements   Requirements - Bachelor’s degree - Six + years’ experience in commercial real estate. - RPA or CPM designations a plus. - Strong proficiency with Property Management/Accounting Software (preferably MRI), Excel and other Windows applications. - Staff management experience is required, particularly related to managing engineers / techs, third-party vendors, and contractors. Experience managing other property managers is a plus. - Strong communication skills, both verbal and written, are essential.  - Excellent client service orientation. - Exceptional organizational skills and verbal and written communication skills. - Ability to read and interpret lease documents, contracts and other legal documentation. - Ability to effectively present information to top management, public groups and/or business owners and tenant groups. - Ability to respond effectively and timely to sensitive inquiries or complaints.  
ID
2021-6372
Job Locations US-MI-Southfield
At REDICO, we are a trusted real estate, development, investment, construction and property management leader. Our success is powered by an innovative, ambitious approach to diversification, coupled with a long-standing foundation of experience, stability, and respect. Each day, our team’s mission is to communicate, execute, and focus our teamwork in pursuit of our goal: To create and maximize real estate value for our company, our partners, our investors, our customers and the community.  We are seeking a motivated and energetic Investment Analyst to join our team at our HQ in Southfield, MI.    Primary Responsibilities for Investment Analyst:   The Investment Analyst will be part of the Investment Team with a primary focus on evaluating acquisitions, developments and performing market research. This individual will focus on all real estate classes, especially senior housing, multifamily, office, retail, industrial and mixed use. Specific responsibilities will include the following: - Work with the investment team to analyze and underwrite potential real estate acquisitions and developments by: 1) Producing detailed pro forma cash flow and investment return models using Microsoft Excel, Argus and other software 2) Researching markets and submarkets 3) Analyzing both macro and micro trends as it relates to specific asset classes 4) Generating associated quantitative and qualitative analyses. Work with the investment team on the due diligence and closing processes. Lead and coordinate work with the operations teams during the underwriting and due diligence process. - Assist the investment and asset management teams in asset-level business / strategic planning, hold / sell analyses, property valuations and financing / refinancing efforts. - Support the investment team during the acquisition process. Prepare investment memoranda and supporting materials for investment committee review. Review purchase agreements, loan agreements, lease agreements, etc. - Responsible for maintaining acquisition, disposition and on-going property operation information in target markets. - Travel may be required, as needed. Participate in special projects, as needed.   Qualifications and Required Experience for Investment Analyst: - Track record of high academic and professional achievement. - Bachelor’s degree in finance, accounting, economics, real estate finance, or related disciplines required. - 2-4 years of previous experience in a high volume environment. A background in real estate principal investing, asset management, financing, development and/or investment banking is highly desirable. - Must be proficient and have demonstrated experience working in all Microsoft Office applications, particularly Microsoft Excel. - Ideal candidate will have a combination of strong written / verbal communication skills and a demonstrated attention to detail. - Must be able to effectively prioritize multiple tasks and have the willingness to take on additional responsibility.
ID
2021-5721