Management Trainee at Brixmor Property Group

Schaumburg, Illinois, United States

Apply Now

Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Real Estate, RetailIndustries

Requirements

Bachelor’s Degree from a 4-year college or university
Preferred experience in management, business, or a field related to commercial or retail real estate
Ability to analyze and interpret financial reports, budgets, contracts and similar documents necessary to manage and operate a shopping center
Demonstrate sound verbal and written communication skills, and be comfortable in public speaking situations
Ability to adapt to a dynamic work environment
Strong time management skills and the ability to adhere to assigned deadlines

Responsibilities

Maximize EBITDA by increasing all potential income sources, while controlling expenses
Understand and analyze all financial reports, leases, REAs, and other information and concepts while working with the mall team to implement the appropriate strategy to achieve the property’s targeted EBITDA budget and growth rate
Assist the General Manager with the development and implementation of an Asset Improvement Plan and a Property Operating Budget which addresses the opportunities and needs of the center
Learn and understand all aspects of permanent leasing and participate in leasing activities from canvassing through lease execution
Optimize total performance in short-term leasing while maintaining exceptional standards
Understand all aspects of the Simon security initiative and support the General Manager in the development and implementation of the property’s public safety and security strategy
Understand all aspects of the marketing and Simon Media & Experiences initiatives while driving revenue and retail sales
Work with the mall team to create a best-in-class shopping experience for customers through establishing and maintaining appropriate operating standards at a competitive cost
Assist in the development and execution of the 5-year capital plan that focuses on asset preservation and life cycle costs
Develop the skills required to retain and motivate all team members
Develop and maintain strong, productive relationships with tenants, community partners, and stakeholders
Gain in-depth knowledge and understanding of all company policies and procedures
Understand and demonstrate the qualities and characteristics that are necessary to be an effective leader

Skills

Key technologies and capabilities for this role

Financial AnalysisEBITDA OptimizationLeasingBudget ManagementAsset Improvement PlanningMarketingSecurity ManagementProperty OperationsLease Execution

Questions & Answers

Common questions about this position

What is the employment type for the Management Trainee position?

This is a full-time position.

Where is the job located, and is relocation required?

The job is located at Woodfield Mall, and successful completion of training requires relocation to an assigned open position.

What are the minimum qualifications for this role?

A Bachelor’s Degree from a 4-year college or university is required, with preferred experience in management, business, or a field related to commercial or retail real estate, and the ability to analyze financial reports, budgets, contracts, and similar documents.

What does the training program involve for the Management Trainee?

The trainee must complete all aspects of the established training program, demonstrate working knowledge of General Manager responsibilities, and become proficient in managing a shopping center, including operations, marketing, leasing, and profit strategies.

What skills make a strong candidate for this Management Trainee role?

Strong candidates should have a Bachelor’s degree, relevant experience in management or real estate, financial analysis skills, leadership qualities, and the ability to build relationships with tenants and stakeholders.

Brixmor Property Group

Owns and operates retail shopping centers

About Brixmor Property Group

Brixmor Property Group owns and operates around 360 retail centers in the United States, serving as important locations where retailers and communities interact. Their properties range from large shopping centers to smaller spaces available for lease or sale. The company focuses on sustainable growth by revitalizing underused assets and collaborating with businesses to create lively retail environments. Brixmor's revenue comes mainly from leasing spaces to a variety of tenants, including national retailers, local businesses, and seasonal pop-up shops. They offer flexible leasing options and prime locations to attract a diverse clientele. Brixmor stands out from competitors through its commitment to community engagement and sustainable practices, ensuring that its properties remain appealing and beneficial to both tenants and local communities.

New York City, New YorkHeadquarters

1985Year Founded

$400MTotal Funding

IPOCompany Stage

Real EstateIndustries

201-500Employees

Benefits

Paid parental leave

Medical/Rx/Vision coverage

Dental

Flexible spending accounts

401(k)

Life insurance

Service days

Education assistance

Risks

Rising interest rates could impact Brixmor's financing for acquisitions and redevelopment.

E-commerce growth may reduce foot traffic to Brixmor's physical shopping centers.

Potential tenant bankruptcies could increase vacancy rates and reduce rental income.

Differentiation

Brixmor focuses on grocery-anchored centers, ensuring stable foot traffic and revenue.

The company partners with entrepreneurs to revitalize underused assets, enhancing community value.

Brixmor offers flexible leasing options, attracting diverse tenants including pop-up shops.

Upsides

Moody's upgraded Brixmor's credit rating to 'Baa2', reflecting strong operating results.

Record occupancy rates and lease retention indicate robust demand for Brixmor's properties.

Brixmor's focus on sustainability aligns with increasing tenant and investor preferences.

Land your dream remote job 3x faster with AI

Try Jobo Free