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Property Management Jobs
Newmark

Portfolio Manager - Property Management

Newmark

Location
Onsite (New York, NY)
Employment
Full-time
Level
Senior Level
Posted 5 days ago

About the Role

Newmark is a leading commercial real estate advisor seeking a Portfolio Manager to oversee the financial and operational performance of a mixed commercial property portfolio. The role focuses on financial reporting, budgeting, lease administration, and tenant relations to drive portfolio success.

Skills

Property Management Financial Reporting Budgeting Variance Analysis MRI Software Yardi Software Lease Administration Lease Abstraction Tenant Relations Microsoft Excel Commercial Real Estate Financial Management Data Maintenance Communication Skills Portfolio Management

Full job details

We are seeking an experienced Portfolio Manager with strong financial skills to oversee a mixed portfolio of commercial properties, with residential property management experience considered a strong plus. This role requires a detail-oriented professional who can manage financial reporting, tenant relations, lease administration, and day-to-day operations across the portfolio.

Key Responsibilities

Financial Management & Reporting

  • Prepare and analyze monthly financial reports
  • Develop and manage property budgets, including variance analysis
  • Process and manage monthly tenant charges and billing

Property Management Systems

  • Run and interpret reports using MRI and/or Yardi software
  • Maintain accurate data within property management systems

Lease Administration

  • Review, interpret, and understand residential leases
  • Complete lease abstracts, capturing key terms, dates, and financial obligations
  • Track critical lease dates (renewals, expirations, escalations)

Tenant Relations

  • Serve as primary point of contact for tenant correspondence
  • Address tenant inquiries related to billing, leases, and property operations
  • Build and maintain positive tenant relationships to support retention

General Portfolio Oversight

  • Work independently to prioritize and resolve portfolio-related issues
  • Coordinate with internal teams as needed

Qualifications

  • Proven experience in commercial property/portfolio management
  • Residential financial management experience is a plus
  • Strong working knowledge of MRI and/or Yardi (running and reading reports)
  • Demonstrated understanding of commercial leases and lease abstraction
  • Experience with budgeting and financial reporting for real estate portfolios
  • Advanced proficiency in Microsoft Excel
  • Excellent written and verbal communication skills

  • Self-motivated with the ability to work independently and manage competing priorities