Asset Manager, Real Estate

Nicola Wealth; Vancouver; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading wealth management firm in Vancouver seeks an Asset Manager to oversee a diverse portfolio of properties. You will drive net income growth, manage tenant relationships, and develop strategic business plans. The ideal candidate has 3-7 years of experience in commercial real estate, strong software skills, and relevant certifications. This is an in-office role, with a competitive salary range of $90,000 - $130,000 plus bonuses and benefits.

Benefits

Competitive performance bonus

RRSP contribution

Profit-sharing participation

Share ownership opportunity

Qualifications

• 3 - 7 years of experience in the commercial real estate industry.
• Proven track record in development, asset management, brokerage, or leasing.
• Certification Preferred: CCIM, RPA, CPM, LEED AP.

Responsibilities

• Drive net income growth and manage portfolio performance.
• Engage in direct tenant relationships and maintain high occupancy.
• Develop and execute strategic asset-level business plans.

Skills

Experience in commercial real estate

Strong software applications skills

Ability to manage tenant relationships

Strategic thinking

Education

Bachelor's degree in Real Estate or related field

MBA or Master’s in Real Estate

Tools

MS Word

Excel

PowerPoint

Argus

Yardi

Job description

About Nicola Wealth:

We have a lot to be proud of at Nicola Wealth. Our sophisticated financial planning, our diversified private investment funds and their exceptional performance, our 99% client retention rate and our award-winning culture, combine to position us as a national leader in wealth management. Recognized as a Best Managed Company and one of Canada's Top Employers, we are dedicated to upholding our firm's values through this phase of significant growth.

By bringing together smart, dedicated and supportive colleagues from diverse backgrounds, we deliver extraordinary client service in a values-driven work environment. The collaboration, creativity and entrepreneurial spirit we were founded on provides the opportunity for you to make a real impact and build a rewarding career. We are passionate about our business, our culture and investing deeply in your growth and development to build for the future. If you have this same drive, then let's talk!

Purpose of the Role:

Nicola Real Estate, the real estate division of Nicola Wealth based in Vancouver, BC, currently manages over $10 billion of commercial real estate in Canada and the United States. This continued growth has led to the need for an additional Asset Manager to join Nicola Real Estate's dynamic and growing team.

The Asset Manager will manage a diverse portfolio of properties (of various asset types) in an organization that blends the advantages of a well-capitalized investor group with those of a smaller, more entrepreneurial and agile organization.

This role is located in our downtown Vancouver Real Estate office. This role is in office 5 days per week.

Core Responsibilities:

• Drive net income growth and create strategies for value enhancement by managing the operational and financial performance of an assigned portfolio.
• Engage in direct tenant relationships, visit assigned buildings and seek to preserve the high level of occupancy the portfolio has maintained since inception.
• Develop and execute strategic asset-level business plans and update quarterly.
• Maximize the total return of each asset through the analysis of property efficiencies and identify opportunities for improved performance.
• Monitor and evaluate property performance against KPIs, benchmarks, and market trends.
• Develop and implement asset repositioning strategies. Recommend hold/sell/re-develop/refinance strategies based on asset performance and market conditions.
• Direct and work closely with third-party property managers in the development of annual operating budgets including capital investment programs, and the day-to-day execution and oversight of same.
• Work with our in-house leasing team on marketing and leasing strategies. Provide lease administration and negotiation support.
• Partner with leasing brokers to drive occupancy and rental rate growth in alignment with asset strategy.
• Analyze tenant mix, weighted average lease expiries and lease structures to optimize long-term value.
• Undertake detailed review of third-party appraisals.
• Undertake property site inspections and reviews.
• Ensure the integrity, accuracy, consistency and completeness of third-party reporting (including financial statements, capital plans and amortization schedules, tenant recovery schedules, etc.).
• With the consultation/approval of the VP's, conduct required capital improvement projects that will enhance the value of the asset.

Required Skills & Qualifications:

• 3 - 7 years of experience in the commercial real estate industry with exposure to a combination of industrial, office, retail and multifamily properties in a fiduciary capacity.
• A proven track record in the real estate industry, having worked in leading progressive organizations in development, asset management, brokerage, or leasing roles.
• Bachelor's degree in Real Estate, Finance, Business Administration, or related field. MBA or Master’s in Real Estate is considered an asset.
• Certification Preferred: CCIM, RPA, CPM, LEED AP, or similar designations.
• Strong software applications skills (MS Word, Excel, PowerPoint and Argus); experience with SharePoint and Yardi a plus.
• Some travel is required. Must have a valid driver's license and access to a vehicle.

Compensation & Benefits Package:

This position comes with a base salary range of $90,000 - $130,000 plus a competitive performance bonus, RRSP contribution and participation in our profit-sharing program. Base salary will be commensurate with experience, skills, and qualifications.

At Nicola Wealth, our people grow our business, delight our clients, and live our values every day. Our comprehensive compensation and benefits package reflects our appreciation for this commitment. Whether it's participating in our profit sharing and benefit programs on day one, or the opportunity to participate in our share ownership program, our people are able to go beyond a conventional salary and bonus structure. To learn more about our complete package, visit: www.nicolawealth.com/total-rewards.

Please include both a cover letter and resume in support of your application. We are an inclusive, equal opportunity employer. For more information about this and other roles: www.nicolawealth.com/careers.

It is our priority to remove barriers to provide equal access to employment. Should you require reasonable accommodation during the recruitment process please contact us at [e-mail] and we will work with you to meet your needs. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Nicola Wealth policies.

Thank you for your interest in a career with Nicola Wealth!