Job Description

We are seeking a highly motivated and experienced Asset Manager to join our dynamic team. This role will primarily be responsible for strategic planning, leasing, financial analyses, development of both operational and capital budgets, reporting on a quarterly and annual basis with regards to the performance of each asset and analyzing returns.

Position Responsibilities

• Analyze financial terms of lease proposals, using effective lease/rent calculations and net present value for leases. Determine if potential leases are consistent with current market conditions and meet with long-term asset expectations from a financial perspective
• Oversee management of property operations for the assets
• Develop, draft and present material recommendations regarding the property’s operations, capital plan or investment strategy for Investment Committee
• Oversee general property level analysis functions (i.e., CAM reconciliation’s, PM contracts, construction)
• Prepare, review and approve budgets which will implement your strategic business plans
• Perform economic analysis of all potential lease transactions to verify consistency with budget and/or proforma
• Conduct in-depth market research to fully understand the position of each asset in its respective market from a leasing and investment perspective and all underlying factors which may influence it. Update demographic and market information for each asset for strategic planning and reporting purposes
• Assume responsibility for initial capital and operating budgets as well as review and approve acquisition underwriting assumptions
• Review leases and lease abstracts, capital improvement budgets, and operational budgets

Skills & Experience

• Undergraduate degree required, preferably in Business, Commerce, Finance, Accounting, Real Estate or equivalent
• Advanced degree and/or professional designation, (i.e. CFA and/or CPM) an asset
• Minimum 7 years of related real estate and asset management experience.
• Strong knowledge of Argus, Yardi and Excel
• Must be able to work in fast-paced environment with ability to effectively and efficiently manage multiple projects
• Exceptional written and verbal communication skills, including ability to articulate recommendations in concise and timely manner

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