Location
Toronto, ON | Canada
Job description
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TITLE
MANAGER, ASSET MANAGEMENT – REAL ESTATE
AVERAGE SALARY
$150,000
CASH BONUS RANGE
Up to 15%
THE PERKS
- Standard health & dental benefits
- Professional dues coverage
- 15 paid days off
LOCATION
Toronto, ON Canada
THE OFFICE
In-Office
THE ROLE
The Manager, Asset Management will support the VP in managing a portfolio of various real estate projects. The Manager will lead project performance report production and present financial and strategic updates to investors and the executive team. Responsibilities also include the day-to-day duties of monitoring project performance and managing complex real estate models. The Manager will be accountable for maintaining a thorough understanding of all investment, partnership, and project-level agreements to inform key decisions and recommendations.
- 50% Investor Relations
- 20% Management Reporting
- 15% Analytics
- 15% Asset Management Projects
THE TASK
Asset Management Finance
May include, but not be limited to, the following tasks:
- Monitoring and analyzing the financial performance of real estate assets, including income, expenses, and cash flow projections.
- Developing and implementing strategies for value enhancement, including lease management, capital improvements, and cost reduction initiatives.
- Preparing detailed financial reports and forecasts for individual assets and portfolios, highlighting performance metrics and investment returns.
- Coordinating with property managers and leasing agents to optimize occupancy rates and rental income.
- Managing budgeting and forecasting processes for properties, including capital expenditure planning and operational budgeting.
- Conducting market research and analysis to inform investment decisions and asset positioning.
- Overseeing compliance with financial covenants, loan agreements, and other financing arrangements.
- Collaborating with investment and acquisition teams to assess financial viability of new opportunities and support due diligence processes.
Investor Relations
May include, but not be limited to, the following tasks:
- Communicating regularly with investors to provide updates on fund performance, investment strategies, and market trends.
- Preparing and distributing quarterly and annual reports detailing portfolio performance, financial results, and strategic initiatives.
- Organizing and conducting investor meetings, conferences, and calls to discuss fund developments and address investor inquiries.
- Managing the investor portal and ensuring timely and accurate dissemination of information to investors.
- Collaborating with the finance team to gather, analyze, and present financial data and performance metrics to investors.
- Developing and maintaining relationships with existing investors while identifying and engaging potential new investors.
- Ensuring compliance with regulatory requirements related to investor communications and disclosures.
- Assisting in the fundraising process, including the preparation of pitch decks, offering memorandums, and other marketing materials.
THE OPPORTUNITY
This opportunity is excellent for an experienced finance professional to join a fast-growing and dynamic team. The Manager will have a unique opportunity to contribute to the company’s growing Development Portfolio within the GTA spanning both high-rise and low-rise projects.
THE COMPANY
Engage with a recognized entity in the real estate and property development sector, known for its substantial residential and commercial project portfolio. With a solid growth trajectory and forward-thinking initiatives, this organization presents a stable and stimulating environment for accountants seeking to broaden their experience in a dynamic industry. The company's expansive operations and collaborative culture provide a conducive backdrop for professional advancement.
THE EXPECTATIONS TIMELINE PREVIEW
By Month 1
- Learn and familiarize yourself with all the key real estate development projects, internal stakeholders, systems, and company processes.
- Familiarize yourself with the financial pro forma models.
By Month 3
- Advancing financial analytics and reporting to an institutional level.
- Assist in preparing the quarterly project performance reports and present financial and strategic updates to the executive team and investment partners.
By Month 6
- Proficient in the financial reporting process, enhance process improvements, establish reporting cycles and analytics.
- Own the quarterly project performance report and begin to lead the financial presentation process.
By Month 12
- Mastery of the quarterly financial reporting process and developed institutional reporting across all properties.
- Assist the VP with various Asset Management projects.
- Begin to review and manage staff performance.
THE SKILL SET
- 5 years of experience in a similar role in the real estate, banking, or investment industry.
- Ideally hold a designation in CPA, CFA, CBV, or MBA.
- Excellent written and verbal communication skills.
- Advanced level Excel skills and experience with financial modelling.
ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.
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Requirements:
Job tags
Salary
$150k per year
