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

• 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 Bank's 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.

• 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.

• 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.

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.