Commercial Real Estate Specialist, South Bend, IN (Onsite)

POSITION SUMMARY

Responsible for assisting with the managing and executing the property disposal process for the Banks underperforming Real Estate Assets, the real estate acquisition process for purchasing property for future banking centers and the real estate lease process for the Bank leased facilities and tenants in 1st Source Bank owned buildings. Also, assist with managing a portfolio of Real Estate Assets, including commercial leases for 1st Source Bank

ESSENTIAL REQUIREMENTS

• Assists with managing brokerage vendors for sale and the acquisition of buildings and land, including vacant space for lease.
• Assists with developing and executing marketing strategies for leasing vacant space or disposal of nonperforming assets.
• Reviews all legal paperwork to protect 1st Source Banks interest in purchasing and disposing of property.
• Assists with managing and executing all lease related paperwork for 1st Source Bank tenant space.
• Ensures 1st Source Bank and Tenants are in compliance with contractual lease obligations.
• Assists with planning, budgeting and controlling expenses for all leased facilities and facilities with Tenants.
• Reviews the calculation of tenants' special billings.
• Reviews collection of rental and parking income and payment of 1st Source rents at leased facilities.
• Ensures all lease documents (legal paperwork) are entered correctly on contract software system (e.g., Contract Manager).
• Executes moves/relocations of 1st Source personnel from one facility to another or relocations within HQ location(s).
• Maintains facility vacancies and space allocations via internal leases throughout the year.
• Assists with managing the 1st Source Bank parking lot operation.
• Completes work orders placed by 1st Source Bank personnel residing in leased facilities.
• Communicates and resolves maintenance and other issues with Landlords.
• Assists with maintaining facility counts and submits to accounting along with real estate income and real estate liability.
• Regular and predictable attendance is an essential requirement of the position.
• Responsible for the completion of all compliance training related to the position.
• Must understand all applicable laws and regulations that apply to the position and complies with the requirements.

NON-ESSENTIAL FUNCTIONS

• Sets up payables with 1st Source Bank Accounting for the payment of recurring rent.
• Assists with compiling real estate information for year-end reporting for Sarbanes Oxley and Annual Report.
• Performs all other duties as assigned.

EXPERIENCE/SKILLS

• Three (3) or more years of real estate experience preferred.
• Good PC skills-proficiency in Microsoft Word and Excel essential.
• Ability to be proactive, take initiative, and carefully monitor, follow through, and complete every project/responsibility.
• Ability to multi-task and prioritize in a fast-paced environment.
• Good written and verbal communication skills.
• Good organizational skills.

EDUCATION

High School Diploma/GED required.

TRAVEL REQUIREMENTS

Ability to travel to all locations as well as ability to travel overnight, as needed for meetings, projects, training, seminars, etc.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

EQUIPMENT

MS Office PC, fax, phone and standard office equipment.