Manager, Asset Management

Concert Properties Ltd.; Vancouver; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading real estate company is seeking a Manager, Asset Management to oversee a portfolio of residential properties across Canada. The role involves developing asset management strategies, ensuring financial performance, and collaborating with property management teams. Ideal candidates will have a Bachelor's degree and significant experience in asset management, along with strong analytical and negotiation skills.

Benefits

Competitive pay

Comprehensive benefits

Employee health and wellness programs

Qualifications

• 5+ years of relevant experience in asset management and leasing.
• Strong understanding of residential asset management.
• Ability to work independently and in a team.

Responsibilities

• Develop and execute investment and operational strategies for residential assets.
• Oversee financial performance, including budgeting and forecasting.
• Conduct market analysis to identify growth opportunities.

Skills

Analytical skills

Problem-solving abilities

Negotiation skills

Communication skills

Team collaboration

Education

Bachelor's degree in Business, Commerce, Real Estate, or related field

Tools

MS Office

Real estate management software (Argus, Yardi)

Job description

Putting people first is at the heart of the Concert Properties story. We are deeply invested in improving the lives of the people who live and work in our communities, acknowledging that communities are more than just buildings. We focus on quality, consistency, and sustainability, and our business is driven by warm, passionate people who embody a desire to help each of us feel more connected to one another.

Since 1989, our real estate portfolio has grown to an asset value of $9 billion and includes condominiums, rentals, industrial and commercial properties, and public infrastructure projects across Canada.

Position Summary

This role is responsible for managing a portfolio of primarily residential income-producing properties across Canada, with a focus on asset management. The Manager, Asset Management will develop and execute asset management strategies, oversee financial performance, and support mortgage financing, acquisition, or disposition initiatives.

The Manager, Asset Management will be based either in Downtown Toronto or Downtown Vancouver.

Key Responsibilities

Asset Management

• Develop and execute investment and operational strategies for assigned portfolio focused on residential assets and including commercial components.
• Oversee financial performance, including annual budgeting, quarterly reporting, forecasting, valuation, and variance analysis.
• Approve capital expenditures to enhance asset value and maximize cash flow.
• Ensure properties are maintained to high standards by collaborating with property management and operations teams on operating costs and capital projects.
• Conduct market analysis and benchmarking to identify growth and optimization opportunities.
• Monitor financial metrics such as NOI, IRR, and cash flow.
• Work within an institutional landlord environment with control of capital and a stable investment framework.
• Track market trends and adjust leasing strategies as appropriate.
• Stay informed about market trends, best practices, and competitor activities across the real estate sector.
• Actively network within the real estate industry to build and maintain relationships with brokers, tenants, and industry professionals.

Required Knowledge & Skills

• Bachelor's degree in Business, Commerce, Real Estate, or a related field.
• At least 5 years of relevant experience in asset management and leasing, or real estate investments.
• Strong understanding of residential asset management and applicable rules and regulations.
• Flexibility in taking on new tasks and responsibilities.
• Strong analytical and problem-solving abilities.
• Ability to work independently while collaborating in a team environment.
• Proactive and results-driven approach to asset management.
• Ability to multi-task and manage competing priorities under tight deadlines.
• Experience with financial modeling, credit analysis, and investment underwriting.
• Excellent negotiation, written & verbal communication, and business development skills.
• Proficiency in MS Office suite of programs and real estate management software; Argus and Yardi preferred.
• A valid ON or BC Real Estate License in Trading Services or the ability to obtain one would be favourable.

Please note this is a general description of the tasks and skills required. Additional responsibilities and duties may be required to successfully perform this role.

Join the Concert Team in building a people-first future.

Concert Properties is proud to have been named one of BC’s Top Employers for the fifth year in a row!

We are a proud Canadian company, providing quality employment across the country and working together with the people we serve to realize our vision – building resilient, inclusive, sustainable communities. Our success is based on our employees – on a passionate, talented team who value a collaborative culture, a desire for excellence, and a willingness to give back. We truly value our team members and offer competitive pay, and comprehensive benefits and perk programs that support and promote employee health and wellness.

At Concert Properties, we value diversity, equity, and inclusion and are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We welcome applications from all qualified job seekers. The posted salary range is reflective of the qualifications and experience we are looking for in a candidate to fill this opportunity; however, applicants with all levels of experience are welcome to submit their applications. Please be advised that only short-listed candidates will be contacted.

Thank you for your interest in Concert Properties.