Director, Asset Management

Colonnade BridgePort; Ottawa; Hybrid; CAD 100,000 - 150,000; Full time

Job summary

A leading real estate firm in Ottawa seeks a strategic thinker for the Director, Asset Management position. The role focuses on optimizing asset management processes to maximize client returns and involves collaboration with various internal teams. Candidates should possess substantial experience in real estate investment, strong analytical skills, and the ability to manage investor relations effectively. Benefits include a hybrid working environment, competitive pay, and professional development opportunities.

Benefits

Three weeks annual paid vacation

Comprehensive benefits plan

RRSP matching program

Professional development opportunities

Holiday office closure

Qualifications

• Minimum 7-10 years of real estate investment and/or asset management experience.
• Significant direct experience in investor relations.
• Fund management experience is an advantage.

Responsibilities

• Develop business strategy and annual objectives for asset management activities.
• Ensure the creation and execution of asset strategies for efficient management.
• Monitor and assess asset performance and market trends.

Skills

Analytical skills

Interpersonal skills

Presentation skills

Organizational skills

Communication skills

Education

Bachelor's degree in business/commerce

CA, CMA or CFA designation

Tools

Argus

MS Office

Job description

If you’re a passionate go-getter with a keen interest in real estate, we want to hear from you! With a range of full-service real estate offerings including property management, development, investment and asset management, and leasing, Colonnade BridgePort has built a reputation of excellence in the real estate industry. We service a portfolio of state of the art commercial, residential, and mixed-use properties in Ottawa, the GTA and Southwestern Ontario, Gatineau, and Atlantic Canada.

As we continue to grow and expand our business, we are looking for talented and driven individuals to join our dynamic team. Our people are what drives our success as an organization. Read on to discover how our Director, Asset Management opportunity may be right for you!

At a glance :

Who : A strategic thinker with strong analytical and interpersonal skills, capable of optimizing real estate assets to maximize value and efficiency.

What : Plays a key role in continuing to build asset management processes and ensuring investors’ assets are well-managed throughout their lifecycle.

Where : Ottawa

Reporting to the Managing Partner,the Director, Asset Management is responsible and accountable for executing and continuing to develop the asset management activities of Colonnade BridgePort (“CBP”) and for all asset management functions within the company, ensuring that all assets within client portfolios are managed in alignment with their respective asset and investment strategies while maximizing returns for clients and the company.

The Director, Asset Management, will work closely with the CBP internal service teams, including Investment Management (IM), Property Management Services (REOC) and Development Management (DM) to achieve the asset strategy and maximize returns for investors. The incumbent will play a key role in continuing to build robust asset management processes, including tools and templates used to manage and execute objectives for individual assets and portfolios of assets. The Director, Asset Management can also expect to contribute to the activities and objectives of the company’s IM, DM and Fund Management (FM) businesses, particularly as those activities may give rise to additional Asset Management (AM) business for CBP.

Responsibilities :

• Working with the Managing Partner, continue to develop the business strategy and plan for the AM activities of CBP, including specific annual objectives.
• Ensure the team involved in asset management has a full understanding of each asset and is positioned to manage the portfolio throughout the investment life cycle.
• Ensure the creation (or regular updating, as appropriate) and execution of an asset strategy for each asset and drive the management and financial performance of each asset in alignment with that strategy.
• Lead the review of the strategy for each asset annually (or more frequently as appropriate) and make recommendations to adjust the strategy as warranted.
• Liaise with investors and report on asset performance, including leading the preparation of annual, semi-annual and quarterly reports as required.
• Play a leading role in annual and special investor meetings and, where relevant, provide guidance and input to Investment Committees.
• Monitor, execute and regularly update the AM customer / investor relations program.
• Assess external market data and track market trends (e.g. cap rates, asset sales, interest rates) to ensure comprehensive understanding of asset-specific market dynamics and asset positioning.
• Work collaboratively with internal service providers (REOC, DM, IM) to prepare annual leasing, operating and capital budgets and related supporting material to achieve the asset strategy.
• Manage asset performance through regular meetings with the REOC / DM teams, reviewing monthly reports and monitoring leasing activity, capital expenditures, major expenses, tenant inducements and special projects.
• Review and approval of leasing transactions and capital / construction projects (including related approach to tendering and contracting) to ensure consistency with budget / underwriting and the asset strategy.
• Work in collaboration with the IM team to execute acquisitions, financings and dispositions, including overseeing market research and reviewing related pro formas, cash flows and other financial analysis.
• Ensure a proper understanding of all AM-related agreements, mandates and resulting responsibilities and maintain a calendar or other mechanisms to maintain ongoing compliance with those responsibilities.
• Assist the IM team in connection with asset valuations for use in “hold or sell” analysis and the Controller in the evaluation of tenant covenants.
• Working cooperatively with the IM team, liaise and manage relationships with external professionals including brokers, appraisers and legal advisors.
• Support the Managing Partner in the execution of select aspects of the FM business.
• Other duties as reasonably required.

The above statements reflect the general details considered necessary to describe functions of the job and shall not be construed as a detailed description of all work requirements that may be inherent in the job.

Qualifications :

• Bachelor's degree in business / commerce with a finance, CA, CMA or CFA designation
• Minimum 7-10 years of real estate investment and / or asset management experience with significant direct experience in investor relations. Fund management experience would be an advantage.
• Technical skills using Argus, MS Office and financial systems.
• Strong presentation skills with the ability to develop and deliver all investor reporting including in-person meetings
• Exceptional analytical, organizational, communication and interpersonal skills
• Ability to work with minimal supervision, multi-task, work under pressure and achieve results

Commitment to our People

We are committed to creating a positive experience for our employees. We work hard at Colonnade BridgePort and have fun while doing it! Our employees enjoy participating in sports tournaments, BBQ’s, potlucks, prize draws, holiday parties and more! The successful candidate can expect the following perks and benefits :

• Three weeks’ annual starting paid vacation; three days personal and five sick paid days annually.
• Hybrid working environment (position dependent, alternative may be offered).
• Comprehensive benefits plan that includes health, dental, vision, and disability coverage (cost shared by company and employee).
• RRSP matching program.
• Professional development (up to two paid courses per year).
• Holiday office closure between Christmas and New Year’s, summer hours (position dependent, alternative may be offered).

To learn more about our commitment to our community and sustainability, click .

Colonnade BridgePort acknowledges that teams with diverse backgrounds and perspectives can bring about innovative solutions and ideas. Therefore, we welcome and encourage qualified applications from people of all gender identities, visible minorities, Aboriginal persons, and people with disabilities. Accommodation is available on request for candidates taking part in all aspects of the selection process. To request an accommodation, please email.

We thank all interested applicants; however, only those under consideration will be contacted.

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