Asset Manager or Senior Asset Manager - Commercial Real Estate

Toronto (ON) Both (on-site & remote)
Opportunity Number: 2071326
Real EstateConstruction & Property Management
LanguageSecurity Clearance
English verbal and writtenNot required
Start PeriodDate Posted
ASAPFriday, September 16, 2022
Job Description

The Asset Manager will work closely with the VP Investments and Operations and a team of Asset Managers (4), to assist with portfolio reporting, financial analysis, identification and implementation of value-add opportunities for a portfolio consisting of $2M S.F. of industrial assets in the U.S.A. They will lead all communication with property managers, creation of annual operational and capital budgets, and prepare and implement marketing strategies, maintain ongoing communication with stakeholders/service providers (brokerage community), as well as, mentoring other Asset Management, Analysts within the team.

Roles and Responsibilities

  • Oversee a portfolio of US properties and responsible for maximizing asset strategies through leasing, property management and capital expenditure;
  • Review and provide recommendations on prospective lease transactions including calculating NER and scenario analysis. Including market and competitive analysis;
  • Manage relationships and communications with leasing and property management teams and review asset performance and strategy;
  • Build and review ARGUS files that form part of the company's valuation model and to track portfolio performance;
  • Set annual operational, leasing and capital budgets;
  • A gold standard of customer service is required by providing excellent tenant services and responsiveness;
  • Complete full financial review and analysis on a monthly basis, including expense management;
  • Review and provide approval of capital projects, as well as monitoring project progress to ensure timely completion and quality control;
  • Organize and lead property tours with stakeholders;
  • Review and provide information for appraisals with the ultimate goal of to maximizing value;
  • Complete quarterly property reports that includes update Argus cash flow for new lease deals, tracking monthly NOI versus budget, asset plans and market analysis;
  • Review leases and property management agreements;
  • Travel to the US on a regular basis to visit properties, meet local operations staff, meet tenants and work with local brokers on investment opportunities; and
  • Completed Ad Hoc projects as directed by Vice-President.

Qualifications and Experience
  • University degree or Urban Development
  • 3-5 Years of experience in Asset Management and hands on experience with industrial assets;
  • Excellent lease negotiation and lease review skills;
  • Superior communication, organizational, analytical, and problem-solving skills, as well as the ability to work well with others while managing multiple priorities;
  • Experience with financial modeling, valuation, IRR and discounted cash flow methodologies;
  • Ability to provide creative solutions to property and portfolio issues;
  • MBA or CFA is an asset;
  • High sense of urgency, ability to work in a fast-paced environment; and
  • Proficient with Microsoft Office and ARGUS.

Education and Certifications

Minimum education required: Bachelor's Degree

Competitive salary
Benefits: Medical, Dental, Health
3-4 weeks Vacation


We’re an equal opportunities employer committed to increasing diversity and inclusion in today’s workforce. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Minorities, women, LGBTQ candidates, and individuals with disabilities are encouraged to apply. If you require an accommodation, please review our accessibility policy and reach out to our accessibility officer with any questions.
Merci de l’intérêt que vous manifestez pour ce poste. La description du poste nous a été fournie en anglais par notre client. Si vous souhaitez passer l’entrevue avec nous en français ou fournir votre CV en français, nous vous confierons à une personne de notre équipe qui parle français.

Opportunity Number: 2071326

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