Michael Mortimer Email & Phone Number

Bala-Cynwyd, Pennsylvania, United States

Manage team of Property Managers, who are responsible for vendor management, physical issues at retail centers, risk management, tenant relationships, and strategic planning for their respective assets.Preparation & review of retail portfolio budgets and business plans.Oversee the preparation of cash & GAAP financial statements and performance of retail portfolio, including loan covenant calculations.Coordinate with CFO and EVP of Finance on all retail portfolio cash management decisions, partnership distributions and CAPEX requirements.Directly work with SVP, Leasing on deal analysis, ROI calculations, and lease structure for new and renewal leases.Supervise accounting and property management staff with respect to tenant billing and collection matters, including liaison with outside counsel on tenant litigation matters.Oversee retail portfolio annual tax appeal process.Responsible for all portfolio insurance matters, including negotiating renewal policies, claim management and implementing risk management policies and procedures.

Leading a team of 50+ staff, overseeing the property accounting, lease administration, collections, cash management (AP, AR & Treasury), construction accounting function for the Company, responsible for budgeting, reporting, and net operating net income (NOI) analysis encompassing 23 million square feet across 36 enclosed retail properties and 4,000 tenants.Direct the Portfolio Management team’s preparation of the corporate model, IRR hurdle analysis, quarterly reforecasting and annual 5-year business plan development.Oversee the company’s tax function and collaborate with Legal, Acquisitions and Leasing to evaluate tax impact of potential acquisitions and dispositions.Coordinate with Asset Management function with respect to portfolio performance and maximization of property NOI.Interact with corporate ownership entity (Brookfield) to ensure transparency with investment hurdles and overall company performance.

Leading a team of 100+ staff, overseeing the property accounting, lease administration, collections, cash management (AP, AR & Treasury), construction accounting function for the Company, responsible for budgeting, reporting, and net operating net income (NOI) analysis encompassing 86 million square feet across 540 retail properties and 11,000 tenantsStrategically engaged in the consolidation and relocation of three accounting offices into one center of excellence, and the realignment of eight accounting regions into three super-regions, improving operating efficiency by nearly 50%.Redesigned and streamlined operating procedures and integrated accounting systems, ensuring the Company actively maintains SOX compliant environment and is able to function in the public domain, addressing market reporting needs.In conjunction with office and system integration, introduced key system automations, including bank reconciliations, monthly recovery accruals and enhanced report design and implementation, allowing for greater reporting efficiency.Responsible for consolidating the regional Collection teams resulting in a 70% reduction in aged receivables and increasing the collection rate on billings from 98% to 99.5%. In addition, developed a streamlined tenant litigation process reducing legal expenses 25% annually and improving overall collection ratiosCreated a National Tenant Collection platform to leverage the Company’s existing business relationships with national retailers to effectively resolve billing disputes. This National Collection platform resulted in a 90% reduction in national tenant billing disputes.Redesigned the Lease Administration department and upgraded overall skill set of the group adding an analytical element to the department. As part of the redesigned department developed a detailed monthly portfolio reporting template highlighting occupancy trends, pipeline status, and key performance indicatorsConsistently encouraging a cohesive, open team cu