Asset Manager

Starlight Group Property Holdings Inc.; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading property management company in Toronto seeks an experienced Asset Manager to oversee and optimize asset performance. The ideal candidate has over 5 years of experience in commercial asset management and a Bachelor's degree in finance or a related field. Responsibilities include financial analysis, client reporting, and collaboration with cross-functional teams to maximize asset value.

Qualifications

• Minimum of 5 years of experience in commercial asset management.
• Flexible with the ability to manage multiple priorities.
• Efficient with acute attention to detail.

Responsibilities

• Evaluate performance of assets and recommend revisions.
• Oversee operating and capital budgets.
• Manage relationships with institutional investors.

Skills

Commercial asset management

Cross-functional collaboration

Communication skills

Analytical skills

Education

Bachelor’s degree in finance or related field

Tools

Microsoft Office

YARDI

Job description

Location

Head Office

Overview

The Asset Manager (AM) will be responsible for ensuring that the assets under their management meets or exceeds the targets outlined in the asset plans. In completing the former, the AM will be responsible for client reporting, financial analysis, identification and implementation of value-add opportunities, communication to 3rd party property management companies, creation of annual operational and capital budgets, preparation and implementation of marketing strategies, and ongoing communication with stakeholders and service providers. The AM will assist in acquisitions / dispositions, leasing and financing activities, creation of asset plans, train and mentor analysts, and participate in other day-to-day activities as required by the various stakeholders.

Duties and Responsibilities

• Evaluate performance of assets vis-à-vis the individual asset plans and recommend and implement revisions as necessary.
• Complete full financial review and analysis on aquarterly basis.
• Determine annual operating and capital budgets in accordance with assetplans.
• Oversee operating, capital, leasing and marketing strategies to maximize the income and value of assets.
• Review and provide approval for capital projects and leasing transactions with corresponding teams.
• Monitor progress of projects to ensure timely completion and quality control.
• Provide direction to 3rd party property management companies regarding day-to-day management and operation activities.
• Attend property tours, at minimum, on aquarterly basis and report to management.
• Identify value creation opportunities.
• Collaborate with leasing teams and brokers (and take the lead if required) to execute leasing strategies, maintain occupancy targets, and negotiate leaseterms.
• Stay informed on market trends, comparable properties, and economic indicators impacting assetvalue.
• Coordinate and deliver quarterly presentations and performance updates to institutional investors, ensuring transparency and alignment with reporting standard
• Manage relationships with institutional investors, serving as the primary point of contact for inquiries, updates, and ongoing performance discussions

Requirements

• Minimum of 5years of experience in commercial asset management
• Bachelor’s degree in finance, Real Estate, Business Administration, Economics, or related field
• Flexible with the ability to work well under pressure to manage multiple priorities with tight deadlines
• Experience collaborating with cross-functional teams (legal, finance, leasing, property management)
• Familiarity with lease negotiations, tenant relations, and market analysis
• Microsoft Office (Word, Excel, Access), Outlook, YARDI.
• Efficient with acute attention to detail
• Ability to develop and implement asset management strategies
• Excellent communication, analytical and problem-solving skills