Vice President, Property Operations

Job Description

The Dermot Company, a New York and Florida based real estate developer and operator, is seeking a Vice President of Property Operations (VP). Reporting to the Director of Portfolio Operations/General Counsel, the VP will manage a team of General Managers and oversee a portfolio of multifamily assets ensuring optimal financial performance and resident satisfaction.

This is a full-time position based in New York City with the ability to work from home one day per week. 

ABOUT US

The Dermot Company, LP is a fully integrated real estate enterprise with over 30 years of experience, nearly $4 billion in assets, and 4,500 units under management. As a diversified firm, we develop, invest in, and manage luxury multi-family buildings in New York City and Florida. Dermot is committed to providing an outstanding residential experience for residents and attractive returns to investors.

ABOUT THIS ROLE

As the Vice President, we’ll look to you to:

• Oversee the operational, including building maintenance, and financial performance of a portfolio of multifamily and/or mix-used properties to maximize NOI, mitigate risk, and enhance the customer experience.

• Oversee and spearhead portfolio annual review and budget processes, keeping in line with the company’s goals and objectives.

• Lead internal and external resources on the implementation of large-scale renovation projects ensuring timely completion within budget.

• Ensure each property is meeting Dermot standards, compliance requirements, and resident expectations.

• Build, lead, and guide a team of General Managers and their direct reports while fostering an environment of belonging and learning. 

• Collaborate across the organization in developing and implementing processes and key initiatives to drive the success of our brand.

• Serve as the domain expert for the assigned market and proactively build and implement strategies to increase brand awareness and be a leader in the market.
  Build and maintain relationships with Principals, the board of directors, partners, and third-party ownership.

• Manage communications between senior leadership, the board, partners, and third-party ownership including but not limited to preparing reports and presenting at investor meetings.

• Have an all-hands-on-deck approach and be available for urgent or immediate matters including but not limited to managing the day-to-day at properties if needed,

• Meet overall business goals and objectives for the assigned portfolio.

ABOUT YOU AND WHAT YOU OFFER

• Minimum of five (5) years of having full oversight of a portfolio of multifamily assets and leading property management and leasing teams; have progressively responsible experience in the property management field.

• Extensive experience with budgeting processes, including identifying expenses to maintain business operations, planning, and monitoring spend.

• Strong understanding of building mechanical systems. 

• Working knowledge of all required laws and regulations regarding property management and multifamily and mix-use buildings in New York; national experience is a plus.

• Knowledge in designing and implementing leasing and marketing strategies in the NY market.

• Exceptional presentation, interpersonal, communication, and follow-through skills.

• High emotional intelligence and authenticity.

• Proficient in various property management technologies, MSOffice and Google Suite.

• Stellar references.

• Authorized to work in the United States without any restrictions.
  
  

ABOUT OUR CULTURE, SALARY & BENEFITS

Our team is the most valuable asset we have. The individual life experiences, knowledge, creativity, skills, self-expression, unique capabilities, cultural influences, and talent that our team members share at Dermot collectively contribute to Dermot's culture and success.

Our compensation and benefits package includes a competitive salary, commensurate with experience with bonus potential, comprehensive benefits including medical, dental, and vision, life, long-term disability, employee assistance program, paid time off, and retirement with match when eligible. Dermot also provides a flexible work environment to support its team members. The annualized gross base range for this position is $160,000-190,000. The actual compensation within the range will be based on factors unique to each candidate including years and depth of experience.

Dermot strives for an environment where everyone feels welcome and safe. We actively work to offer equitable opportunities for all and look for the right balance of potential, skills, kindness, and curiosity. Dermot does not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, or veteran status. We celebrate authenticity and we encourage you to apply if you would like to be considered for this role.