Manager, Asset Management

Full-time Toronto

Status

New

Description

 Our client, a real estate investment and asset management firm with approximately $10.0 B in assets under management, has an immediate and strategic need due to growth and success to add a Manager, Asset Management to their team.  Our client delivers stable income and attractive long-term returns through a diversified portfolio of office, industrial, retail and multi-family residential properties and is dedicated to providing institutional and high net worth investors with direct access to commercial real estate assets.

 This is a strategic and impact hire reporting directly to the Vice President, Acquisitions & Asset Management.

 Ideally, the successful incumbent will have:

•  University Degree (emphasis in finance, real estate or urban studies). Post-graduate credentials are a strong asset.

• 7+ years of related experience, including 2-3 years’ experience part of a real estate asset management team, preferably in a fiduciary environment, with a solid and practical understanding of investment fundamentals and Canadian real estate market dynamics.

• Candidates with experience from real estate brokerage, investments, or lending and/or other real estate functions will also be considered.

• Excellent financial and analytical skills and solid understanding of accounting fundamentals.

• Exceptional attention to detail and proven ability to think logically and problem solve effectively.

• Strong verbal and written communication skills.

• The ability to work independently as well as part of a team.

• Strong computer skills with advanced knowledge of MS Excel; familiarity with ARGUS an asset.

 Responsibilities:

 At present, our client is comprised of over 45 real estate investment professionals based in Toronto with properties located from coast to coast in Canada. Current portfolio is comprised of over 300 buildings with exposure to the office, industrial, retail, and multi-family sectors.  As Manager, Asset Management, you will be responsible for:

• Developing and implementing strategic plans for a growing portfolio of commercial properties.

• Overseeing the leasing function including the establishment of annual leasing guidelines, the direction of 3rd party leasing agents, and the active involvement in lease negotiations and recommendations.

• Directing 3rd party property and development managers in the creation and execution of annual operating and/or development budgets and capital investment programs and the day-to-day execution and oversight of same.

• Directing the completion of property valuations and working with other members of the team in the calculation of investment returns, as well as regular external client and internal property and Fund reporting requirements.

• Ensuring the integrity, accuracy, consistency, and completeness of third-party reporting (e.g., monthly reports, financial statements, capital plans & amortization schedules, tenant receivable and recovery schedules, etc.).

• Actively participating in the acquisition and disposition of properties including the underwriting and due diligence process as required

• Engaging and interacting effectively with a variety of internal and external third parties including clients, property managers, tenants, etc.

Our client is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, religion, sexual orientation or expression, disability, or age.

Compensation:

Open

Date Posted

2024 -05-10

How to Apply

Please send your resume in confidence to nchapman@nlcrecruiting.ca

We thank you for being interested, however only those that are a close match to criteria will be contacted.