Asset Manager

About the Role

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 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.

Qualifications

• Undergraduate degree required, preferably in Business, Commerce, Finance, Accounting, Real Estate or equivalent.
• Advanced degree and/or professional designation, (i.e. RPA, CFA and/or CPM) an asset.
• Minimum 7 years of related real estate and asset management experience.

Required Skills

• 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.

Preferred Skills

• Advanced degree and/or professional designation, (i.e. RPA, CFA and/or CPM) an asset.