Senior Asset Manager, Residential Properties

Starlight Investments; Toronto; On-site; CAD 80,000 - 85,000; Full time

Job summary

An established industry player is seeking a Senior Asset Manager to enhance their Asset Management Team. This role involves creating and implementing asset plans, managing budgets, and ensuring optimal performance of portfolio assets. The ideal candidate will possess a strong background in financial analysis and excellent communication skills. You'll engage with various stakeholders, oversee capital projects, and drive value creation opportunities. Join a dynamic team that manages a substantial real estate portfolio and is committed to creating a positive impact in the community.

Benefits

Competitive and equitable compensation

Employer matching Group Retirement Savings Plan

Comprehensive benefits packages

Maternity leave top-up

Leadership and mentorship programs

Career growth opportunities

Investment opportunities in funds

Seasonal office hours

Award-winning ESG Strategy

Personal and Cultural days

Qualifications

• Minimum 6 years of relevant real estate experience.
• Ability to manage multiple priorities effectively.

Responsibilities

• Create and implement asset plans and budgets.
• Prepare and present quarterly reporting to Clients.
• Evaluate portfolio performance and recommend revisions.

Skills

Financial Analysis

Communication Skills

Organizational Skills

Analytical Skills

Problem-Solving Skills

Education

University Degree in Business

MBA or CFA Designation

Job description

Senior Asset Manager, Residential Properties

Senior Asset Manager, Residential Properties

Starlight Investments, in conjunction with WP Osborne Executive Search is seeking a Senior Asset Manager to join their Asset Management Team.

Senior Asset Manager, Residential Properties

The Senior Asset Manager will be responsible for the creation and implementation of asset plans, annual operational and capital budgets, client reporting, financial analysis, value-add opportunities, marketing strategies, and communication with 3rd party property management companies, stakeholders and other service providers in order to ensure that the assets in their portfolio meet or exceed targets.

• Evaluate performance of portfolio assets against the individual asset plans, and recommend and implement revisions as necessary;
• Complete full financial review and analysis every quarter;
• Set annual operational and capital budgets;
• Prepare leasing & marketing strategies to maximize the income profile & value of each property, supported by market-based comparable and competitive information;
• Review and provide approval of capital projects, as well as monitor progress of projects to ensure timely completion and quality control;
• Provide direction to 3rd party property management companies regarding day-to-day management and operation activities;
• Engage appropriate 3rd party providers for design-related capital projects; direct, review, and approve design projects for implementation with capital projects team;

Reporting:

• Prepare, review, and present quarterly reporting to Clients;
• Create business/asset plans for new acquisitions;
• Manage the property tax appeals process;
• Identify value creation opportunities and work with related stakeholders to implement such programs and projects

Relationship Building:

• Assist with acquisitions/dispositions, financing transactions, & investor/client relations activities;
• Promote the Starlight brand in the real estate community;
• Ensure compliance with conditions set in place by financial institutions/lenders, municipalities and other governing bodies;
• Organize and lead property tours with Clients and other stakeholders.

Qualifications

The Senior Asset Manager will possess a University Degree in Business, Finance, Urban Development or related field and a minimum of 6 years of relevant real estate experience, as well as, superior communication, organizational, analytical, and problem-solving skills, and the ability to work well with various stakeholders while managing multiple priorities. MBA or CFA designations are considered an asset.

Application

Qualified candidates can submit their resume via LinkedIn.

Starlight Investments

Starlight Investments is a leading global real estate investment and asset management firm. Established in 2011 and privately owned, Starlight has grown to a dynamic team of 360+ professionals who manage over $25 billion of direct real estate and real estate investment securities. Offering a range of investment vehicles across various real estate strategies, we are a developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space. Holding Canada’s largest portfolio of multi-family assets, we have a strong focus and commitment to creating a positive impact for our communities. To learn more about Starlight, please visit www.starlightinvest.com or follow the company on LinkedIn.

Starlight’s People Value Proposition

• Diverse multi-generational workforce
• Competitive and equitable compensation
• Employer matching Group Retirement Savings Plan
• Comprehensive benefits packages including Health and lifestyle spending accounts
• Maternity leave top-up
• Leadership and mentorship programs
• Career growth and advancement opportunities
• Investment opportunities in Starlight funds
• Seasonal office hours
• Award-winning Environmental Social Governance (ESG) Strategy
• Personal and Cultural days
• Designated CPA Training Facility

Starlight’s total compensation framework is comprised of annual base salary, discretionary bonus and company benefits such as medical and wellness, Group RSP and other incentives.

Diversity, Equity and Inclusion

Starlight is dedicated to creating a workplace culture of inclusiveness that reflects the diverse communities that the company operates in. We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including but not limited to women, persons with disabilities, visible minorities (racialized), Black, Indigenous Peoples and persons of any gender identity and sexual orientation.

Environmental Social Governance (ESG)

As one of the largest rental housing providers in Canada, Starlight’s focus on ESG is aligned with the company’s broader purpose to invest with impact and drive social and economic growth through real estate. This focus shapes business operations and influences interactions with employees, investors, partners and communities.

WP Osborne is a privately-owned search firm delivering full-service recruitment expertise for over 20 years to a broad range of clients in the real estate industry. Our expertise extends across every major asset class including multi-residential, office, industrial, retail, mixed-use, condo, hotels, and senior living across the functions of asset management, investments, development, construction, leasing, property management, portfolio management, finance, marketing, IT, HR and strategy.

Reference: 1393 – Senior Asset Manager, Residential

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Strategy/Planning, and Management

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