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We are looking for a highly motivated Manager, Asset Management to join our Canadian Asset Management team located in Toronto. In this role, you will be a key member of an engaged, high-performing team with a world-class culture that prioritizes people development and long-term growth.
The Manager, Asset Management will be part of the Canadian Asset Management team and primarily support the Canadian residential portfolio while also contributing to the retail and office portfolios. The Canadian Asset Management team is principally responsible for maximizing returns and asset values, managing co-owner relationships, developing asset management plans, and collaborating with key stakeholders, including operations, leasing, development, and investment teams, to drive asset values.
Responsibilities:
- Oversee third-party residential property managers to ensure operating targets are achieved.
- Lead the annual budgeting and ongoing reforecasting process for residential properties.
- Lead a collaborative process with internal and external stakeholders to create, update, and maintain asset management plans and develop tools to track performance against plans.
- Continuously improve analysis and reporting processes to provide actionable insights.
- Analyze, report, and communicate financial variance and forecast reporting at the asset and portfolio level on a monthly and quarterly basis.
- Establish and monitor operating, leasing, and capital expense targets.
- Identify and implement process improvement initiatives within the residential portfolio, Asset Management team, and broader organization.
- Work collaboratively to support and coordinate the execution of financing, development, and investment mandates.
- Complete ad hoc projects, such as presentations for senior management, property tour packages, and materials for internal committees, as requested.
- Mentor and train colleagues by providing training, coaching, and constructive feedback to a dedicated group of Analysts supporting the Canadian Asset Management team.
To succeed in this role, you:
- Thrive in organizations that constantly evolve and adapt.
- Embrace collaborative sharing of knowledge within a team environment.
- Self-motivated with a strong work ethic and a high level of attention to detail.
- Strong leadership, interpersonal, verbal and written communication, problem solving, and project management skills.
- Proven analytical, financial modeling, and data analysis skills in Microsoft Excel.
- Driven to achieving targets and continuously striving to deliver the highest performance through creative and critical thinking.
- Ability to work well under pressure with multiple competing deadlines.
- Undergraduate degree in Commerce, Finance, Real Estate, Urban Planning, or Engineering.
- 5 years of work experience with a focus on residential real estate (asset management, leasing, appraisal, investments, or development), exposure to retail and office real estate considered an asset.
- Proficient in Microsoft Excel and PowerPoint, knowledge of ARGUS Enterprise considered an asset.