1st Source Bank · 2 months ago
Manager, Real Estate, South Bend, IN Corporate Office
South Bend, Indiana, United States
Full-time
Onsite
Mid Level
3+ years exp1st Source Bank is a financial institution seeking a Manager of Real Estate to oversee the property disposal and acquisition processes for the bank's real estate assets. The role involves managing brokerage vendors, executing marketing strategies, ensuring compliance with lease obligations, and maintaining the bank's real estate portfolio.
BankingFinanceFinancial Services
Responsibilities
Manages brokerage vendors for sale and the acquisition of buildings and land, including vacant space for lease
Develops and executes marketing strategies for leasing vacant space or disposal of nonperforming assets. Reviews, negotiates and executes all legal paperwork to protect 1st Source Bank's interest in purchasing and disposing of property
Manages and executes all lease related paperwork for 1st Source Bank tenant space
Ensures 1st Source Bank and Tenants are in compliance with contractual lease obligations
Plans, budgets and controls expenses for all leased facilities and facilities with Tenants
Oversees and approves the calculation of tenants’ special billings
Oversees and 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)
Approves and 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
Manages 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. Takes legal action as needed
Maintains facility counts and submits to accounting along with real estate income and real estate liability
Performs a variety of operational tasks for the most complex processes or functions as they relate to Real Estate Assets. Exercises judgment within guidelines
Considered a subject matter expert on operational issues related to the Real Estate Assets process or function
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
Sets up payables with 1st Source Bank Accounting for the payment of recurring rent
Compiles real estate information for year end reporting for Sarbanes Oxley and Annual Report
Performs all other duties as assigned
Qualification
Required
Manages brokerage vendors for sale and the acquisition of buildings and land, including vacant space for lease
Develops and executes marketing strategies for leasing vacant space or disposal of nonperforming assets
Reviews, negotiates and executes all legal paperwork to protect 1st Source Bank's interest in purchasing and disposing of property
Manages and executes all lease related paperwork for 1st Source Bank tenant space
Ensures 1st Source Bank and Tenants are in compliance with contractual lease obligations
Plans, budgets and controls expenses for all leased facilities and facilities with Tenants
Oversees and approves the calculation of tenants' special billings
Oversees and 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)
Approves and 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
Manages 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. Takes legal action as needed
Maintains facility counts and submits to accounting along with real estate income and real estate liability
Performs a variety of operational tasks for the most complex processes or functions as they relate to Real Estate Assets
Exercises judgment within guidelines
Considered a subject matter expert on operational issues related to the Real Estate Assets process or function
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
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
Preferred
Three (3) to five (5) years of real estate experience preferred
Bachelor's Degree preferred
Company
1st Source Bank
1st Source has offered clients a convenient and friendly way to bank for over 150 years.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Andrea Short
President
Recent News
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2025-12-18
Inside INdiana Business
2025-11-22
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