Director Asset Management

Starlight Investments, in conjunction with WP Osborne Executive Search, is seeking a Director, Asset Management to join their Canadian Residential Asset Management team.

The Director, Asset Management will apply a proactive, hands-on management approach to achieve specific goals and impact targets for each asset in their portfolio in accordance with the business plan and organizational objectives.

Responsibilities

• Oversee the operations and management of the portfolio to ensure the properties’ physical and financial well-being, while leading the execution of asset strategies to ensure value is maximized;
• Complete financial reviews and analysis on a monthly and quarterly basis;
• Set annual operational and capital budgets in accordance with asset plans, including providing guidance to all team members on assumptions, managing the internal timelines and milestone dates, and coordinating delivery of budget files with the 3rd party property management companies;
• Engage appropriate third-party providers for design-related capital projects; direct, review, and approve design/capital projects for implementation with the capital projects team, and monitor progress of projects to ensure timely completion and quality control;
• Provide direction to 3rd party property management companies regarding day-to-day management and operation activities;
• Ensure compliance to conditions set in place by financial institutions/lenders, municipalities and other governing bodies. Provide updates and direct activities to correct any deficiencies;
• Prepare leasing and marketing strategy supported by market-based comparables and competitive information to maximize the income profile and value of each property;
• Attend property tours on a regular basis with team members;
• Work with the internal and external stakeholders to ensure that all possible value-creation opportunities are identified and implemented.

Leadership

• Oversee the professional development of direct reports;
• Oversee strategic projects as required.

Reporting

• Review asset manager property level reports, oversee relevant internal reporting prepared by the analyst team, and prepare/present quarterly reporting to clients;
• Review and present ad-hoc reporting, and business cases as required;
• Ensure that the team is appropriately managing property tax appeals process.

Relationship Building

• Work with the investment team on acquisitions, dispositions, and financing transactions related to the portfolio and support due diligence activities;
• Manage investor/client relations activities;
• Promote the Starlight brand in the real estate community;
• Organize and lead property tours with Client and other stakeholders;
• Conduct other day-to-day relations with third parties, including property managers, suppliers, joint ventures, lenders, brokers, consultants, advisors, accountants, lawyers, insurers, appraisers, and regulatory bodies.

Qualifications

The Director, Asset Management will possess a University Degree in Business and/or a related field; a minimum of seven years of relevant real estate experience; superior interpersonal, written communication and presentation skills, as well as effective time-management, organization, and analytical skills. The candidate will be a proactive self-starter with the ability to think critically and problem solve effectively in a dynamic, fast-paced environment. An MBA or professional designation is considered an asset. Must have a valid Ontario driver’s license and access to a vehicle.

Application

Qualified candidates can submit their resume via [application method]. We thank you for your interest in this role, however, only those selected for further consideration will be contacted.

About Starlight Investments

Starlight Investments is a leading global real estate investment and asset management firm. Established in 2011 and privately owned, Starlight has grown to a dynamic team of 360+ professionals who manage over $25 billion of direct real estate and real estate investment securities. Offering a range of investment vehicles across various real estate strategies, we are a developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space. Holding Canada’s largest portfolio of multi-family assets, we have a strong focus and commitment to creating a positive impact for our communities. To learn more about Starlight, please visit www.starlightinvest.com.

Starlight’s People Value Proposition

• Diverse multi-generational workforce
• Competitive and equitable compensation
• Employer matching Group Retirement Savings Plan
• Comprehensive benefits packages including Health and lifestyle spending accounts
• Maternity leave top-up
• Leadership and mentorship programs
• Investment opportunities in Starlight funds
• Seasonal office hours
• Award-winning ESG Strategy
• Personal and Cultural days
• Designated CPA Training Facility

Starlight’s total compensation framework is comprised of annual base salary, discretionary bonus and company benefits such as medical and wellness, Group RSP and other incentives.

Diversity, Equity and Inclusion

Starlight is dedicated to creating a workplace culture of inclusiveness that reflects the diverse communities that the company operates in. We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including but not limited to women, persons with disabilities, visible minorities (racialized), Black, Indigenous Peoples and persons of any gender identity and sexual orientation.

Environmental Social Governance (ESG)

As one of the largest rental housing providers in Canada, Starlight’s focus on ESG is aligned with the company’s broader purpose to invest with impact and drive social and economic growth through real estate. This focus shapes business operations and influences interactions with employees, investors, partners and communities.