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Vice President, Operations

Overview

COME JOIN OUR NORTHERN CALIFORNIA FAMILY IN ONE OF OUR FASTEST-GROWING REGIONS!!

 

Sares Regis Group of Newport Beach, California, is a privately held real estate development, investment and management firm that focuses on commercial properties and multifamily communities in the western U.S. Since its founding in 1993, SRG has developed and acquired more than $7 billion in commercial and residential assets. The company manages a combined portfolio of approximately 25 million square feet of office and industrial space and 36,000 apartment units.

 

REGIONAL VICE PRESIDENT - MULTIFAMILY (NORTHERN CALIFORNIA)

 

Job Summary:The Regional Vice President is responsible for the overall management, administration, operations, and financial performance of assigned multi-family portfolio, which may include residential rental properties. In addition to assigned portfolio, this position is responsible for new business development in assigned region. This role acts as a company representative in all matters related to investor, owner, or owner representative reporting, meetings, discussions and relations.

 

Supervisory Responsibilities:This position directly manages the Regional Managers located within the region and portfolio and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; evaluating performance; rewarding and disciplining employees; addressing complaints and resolving problems; developing staff and building a strong pool of resources.

 

Essential Duties & Responsibilities:Portfolio Management• Maintains deep understanding of terms and conditions of the Management Agreement and ensures adherence to such terms and conditions.• Prepares and/or reviews various reports, including but not limited to: new acquisition pro forma, annual budgets and semi-annual forecasts, monthly budget variance reports.• Routinely walks assigned properties to ensure proper safety/risk management, curb appeal, preventative maintenance and projected capital projects are appropriate.• Approves all service contracts and purchases at the property for amounts over $2,000.00, whether the purchase is in the approved operating budget.• Generate proforma budgets and underwriting reports for potential and existing clients.Client Relationships• Develops and supports valuable, professional relationship with clients. • Coordinate cross-functional teams to deliver services to clients while building a pipeline for future management contracts.Business Development• Identifies and manages opportunities for new business development with current and new clients, including for third party management and company purchase. • Identify opportunities and risks associated with the following factors impacting growth: team, processes, resources, organization, industry, market, customers, technology and geography. • Provide relevant market data and competitive market surveys to potential and existing clients.• Continuously develop a deep and nuanced understanding of assigned and related geographic markets.• Maintain knowledge of industry-related trends and technology, understanding all aspects of operations; stay current on laws and policies relative to the industry; demonstrate software proficiency and maintains network of peers and industry sources.

 

Education and Experience:• 5 years of related experience and Bachelor’s degree or equivalent from four-year college or university, or equivalent combination of education and experience.

 

Other Qualifications: • Certified Property Manager (CPM) designation preferred.• Excellent knowledge of MS Office, particularly strong MS Excel skills with the ability to perform complex formulas and calculations. • Valid driver’s license and automobile insurance. • Ability to travel by car or air as needed.• Ability to make overnight business trips as needed. • Ability to work weekends as needed.

 

Salary is $175K-$225K/year. We offer a competitive compensation package that includes a 401(K) match, rental incentive and renewal compensation, bonuses, and rental discounts depending on location. Regular full-time employees who work between 30-40 hours a week are eligible for medical, dental, vision, other voluntary benefits and vacation accrual. Sick time accrual is provided in accordance with law.

 

PLEASE APPLY ONLINE AT:

APPLY HERE

 

EQUAL OPPORTUNITY EMPLOYERAll positions contingent on completion of successful background screen and drug test.

 

Average salary estimate

$200000 / YEARLY (est.)
min
max
$175000K
$225000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Vice President, Operations, Sares- Regis Group

Are you ready to take your career to the next level with Sares Regis Group as the Vice President of Operations in beautiful San Mateo? This is an exciting opportunity to become a pivotal part of one of the fastest-growing regions in Northern California! At Sares Regis Group, we're dedicated to excellence in real estate development and management, managing over $7 billion in both commercial and residential assets. As our Vice President, Operations, you will oversee the administration and financial performance of our multifamily portfolio, ensuring we not only meet our operational goals but also develop fruitful client relationships and lead innovative business development strategies. You'll be working closely with Regional Managers, mentoring and guiding them to success while maintaining the highest standards in property management. Your role will involve in-depth portfolio management, including budget preparation and compliance with management agreements, while you actively explore new business opportunities. Your experience and expertise in the industry will help us develop fresh strategies tailored to the unique demands of our market. Plus, with a competitive salary of $175K-$225K, alongside an impressive benefits package, we ensure that our employees are well taken care of. If you're looking to be part of a dynamic team that values hard work, innovative thinking, and collaboration, then we can't wait to meet you!

Frequently Asked Questions (FAQs) for Vice President, Operations Role at Sares- Regis Group
What are the main responsibilities of the Vice President, Operations at Sares Regis Group?

The Vice President, Operations at Sares Regis Group is responsible for managing the overall operations and financial performance of the multifamily portfolio, ensuring adherence to management agreements, preparing budgets and financial reports, and developing and maintaining client relationships. This role includes supervising Regional Managers and seeking new business opportunities in the assigned region.

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What qualifications are necessary for the Vice President, Operations role at Sares Regis Group?

Candidates for the Vice President, Operations role at Sares Regis Group should possess a bachelor's degree with at least 5 years of related experience. A Certified Property Manager (CPM) designation is preferred, and strong skills in Microsoft Excel are essential for performing financial analyses. Knowledge of real estate operations and market trends is also important.

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What does a typical day look like for the Vice President, Operations at Sares Regis Group?

A typical day for the Vice President, Operations at Sares Regis Group involves portfolio management activities such as walking through properties, reviewing budgets, and approving service contracts, alongside engaging with clients to build strong relationships and coordinating with the team to ensure all operational goals are met.

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What is the salary range for the Vice President, Operations at Sares Regis Group?

The salary range for the Vice President, Operations role at Sares Regis Group is between $175K to $225K annually. The company offers a competitive compensation package that includes additional benefits such as bonuses, rental discounts, and health coverage.

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Is travel required for the Vice President, Operations position at Sares Regis Group?

Yes, the Vice President, Operations role at Sares Regis Group requires the ability to travel by car or air as needed, including potential overnight business trips to ensure effective management of the company's multifamily portfolio.

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Common Interview Questions for Vice President, Operations
What experience do you have in managing multifamily portfolios?

Discuss your previous positions involving multifamily portfolio management, highlighting successes in financial performance and operational efficiency. Provide specific examples where your strategies improved performance metrics.

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How do you approach client relationship management as a Vice President?

Mention your strategies for building and maintaining strong relationships with clients, including regular communication and understanding client needs. Provide an instance where your relationship management led to new business opportunities or successful outcomes.

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Can you describe your experience with budget preparation and forecasting?

Share your experience in preparing and reviewing budgets, detailing your methods for ensuring accuracy and comprehensive forecasting. Discuss how you've used budgets to guide operational decisions in the past.

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What strategies do you use for business development in the real estate sector?

Elaborate on your approach to identifying new business opportunities, discussing how you utilize market data and client feedback to build a pipeline of potential contracts. Provide examples of your successful business development efforts.

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How do you ensure compliance with management agreements?

Emphasize your methodical approach to understanding and adhering to management agreements, including regular audits and property management practices to ensure compliance and address any discrepancies swiftly.

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Describe your leadership style when managing a team of managers.

Illustrate your leadership style, emphasizing collaboration, mentorship, and accountability. Provide an example of how you motivated a team to achieve operational goals and how you handle performance evaluations.

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What tools or software have you found most effective in managing real estate operations?

Discuss your experience with property management software and analytical tools, explaining how they contribute to efficiency in operations. Be specific about any programs you're particularly proficient in.

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How do you stay current on industry trends and regulations?

Mention the resources you leverage to stay informed, including industry publications, conferences, webinars, and networking. Highlight any relevant legal regulations that impact real estate operations that you keep track of.

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Can you provide an example of a challenging problem you solved in property management?

Reflect on a specific challenge you faced in property management, detailing your problem-solving process, the actions you took, and the outcome. This showcases your critical thinking and adaptability in challenging situations.

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What is your approach to risk management in property operations?

Explain your comprehensive approach to risk management, discussing strategies to identify, assess, and mitigate risks associated with property management, and offer examples of proactive measures you’ve implemented.

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Full-time, on-site
DATE POSTED
March 31, 2025

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