Director, Asset Management

brookfield; Calgary; On-site; CAD 180,000 - 240,000; Full time

Job summary

BGRE in Calgary seeks a Director, Asset Management to lead and advance strategic initiatives across a +7M sq ft office portfolio. The role collaborates with asset management, leasing, operations, and finance to deliver value through acquisitions, dispositions, and financial planning.

You will oversee IFRS valuations, manage analysts and external appraisers, and drive business planning, debt modelling and performance improvements, while fostering strong partnerships with joint venture partners.

Qualifications

• 8+ years of extensive and relevant exposure to commercial office real estate.
• Strong understanding of office/retail leasing, DCF valuation, and asset strategies.
• Proven ability to lead teams and manage complex financial analyses.

Responsibilities

• Lead and support leasing, financing, and portfolio strategies for the Calgary office portfolio.
• Oversee IFRS property valuations and ensure timely board materials.
• Manage internal analysts and external appraisers in DCF values.
• Drive business planning, debt modelling and capital expenditure forecasts.
• Build relationships with joint venture partners and co-owners.

Skills

Fast-paced environment

Attention to detail

Communication skills

Relationship management

Leadership

Tools

Argus DCF

DCF modelling

Job description

Location

Brookfield Place Calgary - 225 6th Ave SW, Suite 1210

Our Company

BGRE is a premier, global real estate partner to the world's most ambitious businesses. It operates and develops the real estate they rely on to grow with conviction across markets and sectors. The company combines global scale with deep local expertise, managing more than 260 MSF of office, logistics, hospitality, retail and living space in gateway markets around the world on behalf of Brookfield. Supported by thousands of employees worldwide, BGRE is committed to building strong partnerships, operating sustainably and creating places where people can work, live, connect and thrive. For more information, visit bgre.com.

Job Description

BGRE creates the premier offices the world's most ambitious businesses thrive in - shaped by the spirit of hospitality, operating expertise, and tenant experience needed to compete at the front.

We are seeking a new Director, Asset Management to join BGRE in Calgary. In this role, you will play a key role in inspiring change and continual improvement. If you are committed to excellence and ready to contribute to a dynamic culture, we would love to meet you.

The Director will work alongside the Asset Management team to execute various assignments within BGRE Downtown Calgary Office Portfolio (+7M square feet). You will assist with the development and executive execution of various regional initiatives, including leasing, property operations, financial management, strategic objectives - financings, acquisitions and dispositions, business planning, talent management and portfolio and property valuations.

Role & Responsibilities

• Actively lead and support the execution of various initiatives including:
• Office & Retail Leasing - Maximize Leasing Revenue, Velocity and Term Capital Expenditures - Allocation & Project Execution
• Strategic Initiatives - Acquisitions, Dispositions, Financings and Portfolio Strategies
• Sustainability - Environmental, Social and Governance
• Investment Return Performance - NOI & Cash Flow Enhancement
• Process Improvement - Leasing, Legal, Accounting, Construction and Property Management coordination
• Fiduciary Responsibility - Cash Flow, Liquidity Analysis and Financial Statement Review
• Organizational Effectiveness - Innovation, Productivity and Efficiency
• Oversee the preparation of IFRS Property Valuations (Argus DCF) on a quarterly basis and ensure presentation material is delivered accurately and on timely basis
• Manage Internal Financial Analysts and External Appraisers in the preparation of DCF values
• Lead and support the completion of all tasks related to the annual Business Plan process, including development of Master & Specific Leasing Assumptions, Rental Inflation Curves, Property Operating and Capital Expense Forecasts, Expense Recovery & Shortfall Analysis, Investment Value Generation, Debt Modelling and Accretive Asset Strategies
• Ensuring timely distribution of all Business Plan and Portfolio Board deliverables
• Develop working relationships with joint venture partners and co-owners and assist with the completion and coordination of the various external reporting requirements, presentations, and business plans
• Active involvement in the Calgary Commercial Real Estate Industry promoting both professional development and the best interests of BGRE

Your Qualifications

SERVICE / PERSONAL SKILLS

• Thrive in a fast-paced environment and be able to balance a varied workload and tight deadlines
• Superior attention to detail, accuracy and ability to follow-up as required to meet deadlines
• Results driven, detail orientated, balanced with strong communication and interpersonal skills to influence and drive change
• Relationship management skills with respect to key stakeholders including co-owners, tenants, lenders, appraisers, consultants and the senior management/executive team
• Strong leadership skills with a focus on solution-oriented approach to addressing issues with direct oversight of property management team
• Must be a team player with exceptional work ethic and adaptability

EXPERIENCE

• 8+ years of extensive and relevant exposure to commercial office real estate
• Well-rounded understanding of commercial mixed-use office fundamentals, including office and retail leasing, DCF valuation modelling, property management, building operations, business plan development, tenant and landlord construction, capital expenditure management and value-add asset strategies
• Detail oriented
• Proven history of excelling within team dynamics
• High numerical and arithmetic aptitude with a sound understanding of NPV, IRR, DCF and TVM principles
• Strong analytical ability; able to provide meaningful conclusions and effective leadership to internal Analyst team
• Sound communication and organizational skills; able to efficiently prioritize multiple tasks
• Self-motivated and proactive, both with respect to managing workload and professional development
• Confidently able to deliver results and present to