Retail Portfolio Manager

JLL

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profile Job Location:

Chicago, IL - USA

profile Monthly Salary: Not Disclosed
Posted on: 13 hours ago
Vacancies: 1 Vacancy

Job Summary

JLL empowers you to shape a brighter way.

Our people at JLL are shaping the future of real estate for a better world by combining world class services advisory and technology for our clients. We are committed to hiring the best most talented peopleand empowering them tothrive grow meaningful careers and to find a place where they belong. Whether youve got deep experience in commercial real estate skilled trades or technology or youre looking to apply your relevant experience to a new industry join our team as we help shape a brighter way forward.

Position Overview

We are seeking an experienced and accomplished Retail Portfolio Manager to provide executive-level oversight of the day-to-day operations and long-term performance of a large geographically diverse portfolio of grocery-anchored shopping centers. This is a senior leadership position requiring a seasoned professional with deep expertise in retail real estate management operations and financial oversight.

While direct management responsibility for one or two assets may be required the primary mandate of this role is leadership. Developing refining and executing the operational and strategic framework through which the broader portfolio is managed. The right candidate will bring a rigorous analytical mindset a strong accounting and financial background and the operational command to elevate performance across a complex multi-state retail portfolio.

The ideal candidate will approach operational challenges with proactive problem-solving and a value-creation orientation while also serving as a credible and professional point of contact for ownership clients and institutional partners.

Key Responsibilities

Portfolio & Property Management Oversight

  • Lead and manage a team of 20 property managers and assistant property managers across a multi-state retail portfolio ensuring consistent delivery of high-quality services and operational standards.
  • Establish implement and continuously refine portfolio-wide best practices policies and procedures to drive operational efficiency and service excellence.
  • Provide day-to-day operational guidance to on-site and third-party property management teams resolving escalated challenges and eliminating obstacles to performance.
  • Evaluate and recommend portfolio-wide operational strategies reporting improvements and technology integrations to enhance quality and scalability.
  • Maintain strong working knowledge of each assets physical condition lease structure and tenant profile.

Budget Planning & Financial Oversight

  • Own the annual budget process from inception through client approval including preparation internal review and final delivery for all assets in the portfolio.
  • Review existing budgeting procedures and identify opportunities to enhance quality consistency and efficiency across the team.
  • Collaborate with accounting asset management and ownership to ensure budgets accurately reflect operational realities and ownership objectives.
  • Coordinate with the accounting team to automate data integrations and streamline financial reporting workflows.
  • Establish and maintain a rigorous internal review process to ensure all budgets are accurate complete and delivered on schedule.
  • Review and approve monthly financial reports variance analyses and CAM reconciliations; escalate material discrepancies to ownership.
  • Maintain accountability for financial performance metrics across the portfolio including NOI expense control and recovery ratios.

Capital & Strategic Planning

  • Assist in developing long-term strategic business plans for each property aligned with ownerships investment objectives and return expectations.
  • Identify value-enhancing capital initiatives and proactively bring actionable recommendations to ownership and asset management.
  • Track and report on project performance against approved budgets flagging variances and recommending corrective actions.

Client Communication & Reporting

  • Serve as the primary operational point of contact for ownership and institutional clients maintaining a high standard of responsiveness and professional communication.
  • Prepare and deliver regular portfolio reports asset summaries and performance updates tailored to client expectations and reporting requirements.
  • Lead or actively participate in recurring ownership calls asset reviews and quarterly business plan presentations.
  • Proactively surface operational risks lease events capital needs and market-level observations relevant to each asset.

Qualifications

Experience & Education

  • Minimum of 710 years of progressive experience in commercial real estate with a strong focus on retail property management portfolio operations and asset oversight.
  • Demonstrated experience managing or overseeing grocery-anchored or necessity-based retail shopping center portfolios is strongly preferred.
  • Prior experience in a leadership or supervisory capacity overseeing property management teams across multiple markets.
  • Bachelors degree in Real Estate Finance Accounting Business Administration or a related field is required; advanced degree or professional designations (CPM RPA CCIM) are a strong plus.
  • Familiarity with multi-state portfolio operations including jurisdictional variation in leasing compliance and reporting requirements.

Accounting & Financial Acumen

A strong accounting and financial background is essential to this role. The Retail Portfolio Manager must be capable of operating as a financial steward of the portfolio not merely a conduit between ownership and property managers. Required competencies include:

  • Deep understanding of commercial real estate financial statements including income statements balance sheets and cash flow reports.
  • Expertise in CAM reconciliation operating expense analysis and lease abstraction as it relates to financial performance.
  • Demonstrated ability to build review and critically analyze property-level and portfolio-level budgets.
  • Strong understanding of accrual-based accounting principles as applied in commercial real estate.
  • Ability to interpret and act upon financial variances rent rolls and recovery shortfall/surplus analyses.
  • Experience working directly with accounting teams to ensure clean timely and accurate financial close processes.

Technology & Software Proficiency

This role operates across a complex multi-platform technology environment. Candidates must be comfortable adopting and working across a range of property management financial and analytical tools. Proficiency with the following is expected or strongly preferred:

  • Property Management Platforms: Yardi Voyager and/or MRI Software (required); experience with both is a significant advantage.
  • Financial Modeling & Analysis: Advanced proficiency in Microsoft Excel including financial modeling budget templates variance tracking and data manipulation.
  • Asset Valuation Software: ARGUS Enterprise or ARGUS DCF for property-level cash flow modeling and valuation (strongly preferred).
  • Document & Workflow Management: Familiarity with lease abstraction tools work order management systems and document management platforms (e.g. SharePoint DocuSign).
  • Reporting Tools: Comfort working with and producing reports from Yardis reporting suite or comparable BI/reporting tools.
  • General Technology Aptitude: Must demonstrate an openness to learning new platforms and an ability to adapt as the portfolios technology stack evolves. Experience evaluating or implementing new software solutions is a plus.
  • Microsoft Office Suite: High proficiency in Outlook Word PowerPoint and Teams in addition to Excel.

Core Competencies & Attributes

  • Exceptional professional communication skills as appropriate for institutional client and ownership interactions.
  • Demonstrated leadership ability with a track record of developing and motivating high-performing property management teams.
  • High degree of organizational aptitude with the ability to manage competing priorities across a large geographically dispersed portfolio.
  • Proactive solutions-oriented mindset with the judgment to escalate appropriately and the initiative to resolve issues independently.
  • Strong working knowledge of retail leasing fundamentals including lease structures tenant improvement allowances co-tenancy provisions exclusives and kick-out clauses.
  • Ability to contribute meaningfully to asset-level and portfolio-level strategy discussions with ownership and institutional partners.
  • Willingness and ability to travel regularly for on-site property visits and client meetings.

This position does not provide visa sponsorship. Candidates must be authorized to work in the United States without sponsorship.

Estimated compensation for this position:

125000..00 USD per year

This range is an estimate and actual compensation may differ. Final compensation packages are determined by various considerations including but not limited to candidate qualifications location market conditions and internal considerations.

Location:

On-site Chicago IL

If this job description resonates with you we encourage you to apply even if you dont meet all the requirements. Were interested in getting to know you and what you bring to the table!


Personalized benefits that support personal well-being and growth:

JLL recognizes the impact that the workplace can have on your wellness so we offer a supportive culture and comprehensive benefits package that prioritizes mental physical and emotional health. Some of these benefits may include:

  • 401(k) plan with matching company contributions

  • Comprehensive Medical Dental & Vision Care

  • Paid parental leave at 100% of salary

  • Paid Time Off and Company Holidays

  • Early access to earned wages through Daily Pay

At JLL we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities we analyze your application for relevant skills experiences and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role yourepursuing.

JLL Privacy Notice

Jones Lang LaSalle (JLL) together with its subsidiaries and affiliates is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLLs recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.

For more information about how JLL processes your personal data please view our Candidate Privacy Statement.

For additional details please see our career site pages for each country.

For candidates in the United States please see a full copy of our Equal Employment Opportunity policy here.

Jones Lang LaSalle (JLL) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process including the online application and/or overall selection process you may email us at . This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.

Pursuant to the Arizona Civil Rights Act criminal convictions are not an absolute bar to employment.

Pursuant to Illinois Law applicants are not obligated to disclose sealed or expunged records of conviction or arrest.

Pursuant to Columbia SC ordinance this position is subject to a background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be considered and will not automatically disqualify the candidate.

California Residents only

If you are a California resident as defined in the California Consumer Privacy Act (CCPA) please view ourSupplemental Privacy Statement which describes your rights and disclosures about your personal you are viewing this on a mobile device you may want to view the CCPA version on a larger device.

Pursuant to the Los Angeles Fair Chance Initiative for Hiring Ordinance JLL will consider for employment all qualified Applicants including those with Criminal Histories in a manner consistent with the requirements of applicable state and local laws including the City of Los Angeles Fair Chance Initiative for Hiring Ordinance.

Pursuant to the San Francisco Fair Chance Ordinance we will consider for employment qualified applicants with arrest and conviction records.

Accepting applications on an ongoing basis until candidate identified.


Required Experience:

Manager

JLL empowers you to shape a brighter way.Our people at JLL are shaping the future of real estate for a better world by combining world class services advisory and technology for our clients. We are committed to hiring the best most talented peopleand empowering them tothrive grow meaningful careers ...
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About Company

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Provides business consulting; investment banking services including corporate finance and investment advisory on mergers and acquisitions; asset management services including fund, portfolio and wealth management; real estate property management and brokerage services.

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