Director, Asset Management

Brookfield Properties; Toronto; On-site; CAD 222,000 - 264,000; Full time

Benefits offered by this job

401K matching

Tuition reimbursement

Summer Fridays

Maternity leave

Employee referral program

Job summary

BGRE, Brookfield Properties' Downtown Toronto Office portfolio, seeks a senior asset management leader to drive leasing strategy, capital planning, and portfolio value. You will partner with executives to deliver operational excellence, oversight of DCF valuations, and cross-functional project execution.

The role requires 8+ years in commercial real estate, strong financial modeling, leadership, and relationship management, with proficiency in Argus, Yardi, and Excel.

Qualifications

• 8+ years in commercial office real estate
• Strong knowledge of leasing, DCF valuation, property management and capex

Responsibilities

• Maximize leasing revenue for office & retail properties
• Oversee capital expenditures and project execution
• Lead acquisitions, dispositions, financings and portfolio strategies
• Develop and mentor asset management teams
• Drive sustainability and ESG initiatives
• Oversee IFRS valuations (Argus DCF) and quarterly reporting
• Support annual business plan development and forecasting
• Coordinate reporting with joint venture partners and co-owners

Skills

Leadership

Analytical ability

Numerical skills

Communication skills

Teamwork

Self-motivated

Prioritization

Relationship management

Problem solving

Attention to detail

Education

University degree

Tools

Argus Enterprise

Yardi

Microsoft Excel

Job description

Location Brookfield Place - 181 Bay Street

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. Work alongside the Asset Management team to execute on various assignments within BGRE’s Downtown Toronto Office Portfolio (+9M square feet). 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.

RESPONSIBILITIES:

• Office & Retail Leasing – Maximize Leasing Revenue, Velocity and Term
• Capital Expenditures – Allocation & Project Execution
• Strategic Initiatives – Acquisitions, Dispositions, Financings and Portfolio Strategies
• Employee Development – Asset & Property Management Teams
• 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 Toronto Commercial Real Estate Industry promoting both professional development and the best interests of BGRE

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 & TECHNICAL SKILLS:

• 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 Senior Leadership under tight deadlines.
• Proficient in Argus Enterprise, Yardi and Microsoft applications with Advanced Excel.

EDUCATION/DESIGNATIONS/LICENSES:

• University degree in Business, Accounting, Finance or Economics is preferred.
• Professional Financial or Commercial Real Estate designation are additionally beneficial

Your Career @ BGRE:

At BGRE, your career progression is important to us. As a successful employee, you will have the opportunity to grow within your team, department, and across the Brookfield organization. Our leadership teams are dedicated to the accomplishments of their employees. We also invest time into training and developing our people.

Why BGRE?

We imagine, create, and operate on a foundation of values to build a better world, together. BGRE strives to create spaces where going to work never feels routine. As a BGRE employee, you will enjoy many benefits such as 401K matching, tuition reimbursement, summer Fridays, paid maternity leave and more. There is also a generous employee referral program because we want our existing team members to help us build a more diverse workplace through their networks.

Compensation & Benefits:

• Salary Type: Exempt
• Pay Frequency: Bi-weekly
• Annual Base Salary Range: $160,000-$190,000
• Medical & Pharmacy Coverage: Yes, under Brookfield Medical Plan
• Dental Coverage: Yes, under Brookfield Medical Plan
• Vision Coverage: Yes, under Brookfield Medical Plan
• Retirement: 6% RRSP
• Position Opening Reason: Backfill

We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act. #BPCA

The Brookfield Real Estate ecosystem spans the globe through multiple operating companies, all united by our core values. We cover every facet of real estate—from offices and retail spaces to logistics centers, residential homes, and hotels. Across thousands of properties worldwide, we combine world-class expertise with deep local insights to drive exceptional value. Together, we transform neighborhoods and build lasting communities that stand the test of time. By leveraging the global scale of our operating companies and fostering trusted local partnerships, we collaborate seamlessly to support our communities and achieve shared success.