Asset Manager - Toronto, ON

JOB DESCRIPTION

Reporting to the President and CFO, the Asset Manager is responsible for supporting the performance, management and financing of a real estate portfolio, with over $1 billion of assets under management.

Develop and maintain financial models at the asset and fund level to assist in investment and financing decision-making. Revise financial models and waterfalls to assess the impact of new acquisitions, as well as the evolving operating, investment and financing metrics Perform underwriting analyses to inform hold/sell decisions for properties in each fund. Assist in the management of the debt book,; Support the executive team in communication with investors, producing and delivering presentation material for investor pitches and due diligence, as required. Conduct market research on economic conditions and trends that may impact investments. Support completion of annual operating budgets, fund governance committee meetings, etc. Research and record ongoing changes to Cap rates, lease rates and other information that would be used to support valuations of properties or underwriting

Portfolio Management:

Develop Monthly/annually internal valuation of company's income producing assets and development properties for IFRS reporting. Coordinate external appraisal requirements. Assist and/or prepare quarterly reporting deliverables. Prepare valuations related schedules, reconciliations, and other information supporting financial reporting requirements and IFRS disclosures in the financial statements. Assist with the preparation of Monthly NAV calculations; Liaise with cross-departmental internal staff, external valuators, and auditors.

Asset Strategy:

Contribute to the planning and the implementation of strategic business improvements that lead to increased NOI and property value. Collaborate with the operations team to develop, refine, and execute property-level business plans with a particular focus on newly developed/acquired properties or assets slated for disposition. Participate in leadership decisions with a focus on growing the business and driving profitability to maximize value of asset. Actively participate in development and investment activity to identify growth opportunities. Coordinate with Development for the valuation impact and generate Development Pro-formas.

Joint Ventures:

Contribute to the strategy and maintain good relationships with partners. Work with Operations to develop budgets and capital plans. Help grow relationships for potential future opportunities.

Qualifications and Requirements:

Undergraduate degree in finance, math, accounting, business, or a related field. 2+ years of experience in a related field. Superb financial modelling and analytical skills. Experience with Argus software an asset Ability to work independently, operate under pressure/within tight timelines. Highly developed communication skills. Ability to communicate with stakeholders, investors, and all levels of management. Multi-residential or broader commercial real estate experience considered an asset.