Vice President, Commercial Property Management

Fengate Asset Management; Oakville; Hybrid; CAD 120,000 - 150,000; Full time

Job summary

A leading asset management firm in Oakville is seeking a Vice President, Property Management to oversee the day-to-day operations of its commercial portfolio. The ideal candidate will have extensive property management experience with a focus on industrial and commercial assets, strong leadership skills, and the ability to implement effective property management strategies. This role requires a minimum of 15 years of related experience and a commitment to fostering an inclusive work environment.

Benefits

Equal opportunity employer

Diversity and inclusion initiatives

Qualifications

• 15 years of related property management experience, preferably in industrial and commercial.
• Ability to mentor and grow a high performing team.
• In-depth knowledge of real estate market practices and standards.
• Experience in implementing property management strategies.

Responsibilities

• Oversee property management functions across the commercial portfolio.
• Develop and implement property management strategies.
• Monitor capital and operational maintenance requests.
• Supervise Senior Property Managers and operations teams.

Skills

Property management experience

Leadership skills

Negotiation and persuasion

Interpersonal and communication skills

Job description

OPPORTUNITY

The Vice President, Property Management will be responsible for day-to-day operations and property management of the commercial portfolio and for developing and executing strategic plans for assets within the commercial portfolio, ensuring the achievement of investment objectives. The VP will oversee all property management functions across the Fengate commercial real estate portfolio, including maintaining communication with tenants and trades, collaborating with asset management, finance, investments and development, responsible investing teams and creating annual operational and capital budgets. Additionally, the VP will be responsible for operational performance reporting and the preparation and implementation of property management strategies.

KEY RESPONSIBILITIES

• Work with the Vice President, Asset Management to lead the property management function for Fengate's commercial investment portfolio.
• Develop and implement comprehensive property management strategies for individual assets focusing on: property upgrades and improvements, life cycle maintenance plans.
• Responsible and accountable for the operational and financial performance of the assets.
• Provide oversight at the property level to ensure economic viability and competitiveness of the properties within existing markets, and address areas of improvement.
• Carry out regular on-site reviews of the assets with a view to reviewing and improving business plans.
• Assist with the annual budget process; work collaboratively with asset management and leasing teams to develop an operational and capital annual plan for each asset, including presenting and implementing annual operational plans and budgets.
• Ongoing monitoring of capital and operational maintenance requests to ensure they are in line with budget, operational expectations, and best practices, and assess impact on cash flows.
• Continuous review and comparison of historical and forecasted operational performance against key metrics, underwriting parameters, and comparison. Present strategic initiatives and performance to the Executive Team.
• Continuously look for opportunities to create value, develop business cases for implementation, and make recommendations accordingly.
• Supervise Senior Property Managers and operations team members across the portfolio as assigned; may also have operational responsibilities at an assigned asset.
• Assist with the development, training, and mentoring of other team members and internal teams.
• Perform other duties within the scope and purpose of the job, as requested.

Requirements

KEY QUALIFICATIONS

• 15 years of related property management experience with real estate, preference given to candidates with specific knowledges and experience managing industrial and commercial.
• A leader and mentor who is willing and able to mentor and grown a high performing team.
• In-depth knowledge of real estate industry including general market practise and standards.
• Ability to drive performance metrics aligned with the operational strategy and an exceptional attention to detail in operational management.
• Experience in implementation of property management strategies across commercial real estate.
• Strong business acumen and judgment including negotiation, persuasion skills and diplomacy.
• Highly developed interpersonal and communication skills, both written and verbal, with emphasis on relationship building skills with staff, contractors, consultants, etc. At ease with both formal and informal presentations
• Ability to provide direction to third-party trades and consultants.
• Ability to work collaboratively with cross-functional teams, building consensus, communicating effectively and contributing to a positive, growth-oriented work culture.
• Self-starter with the ability to independently start/complete projects; results oriented with the ability to prioritize and manage multiple tasks and responsibilities, maintaining attention to detail.

LOCATION

Oakville location and minimum 4 days in the office

Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace. It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in.

We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs.

We thank all applicants for their interest in this position; however only candidates selected for an interview will be contacted.