Asset Manager - Multi-Residential

Morguard

$100K — $115K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 7 years of direct experience in asset management, appraisal, real estate analysis, or leasing.
  • Bachelor's degree in Business, Economics, Urban Land Economics, or Real Estate.
  • Solid knowledge of financial analysis and modeling.
  • Proficiency in MS Office, especially Excel.

Responsibilities

  • Develop and implement asset management plans to maximize returns for assigned portfolio.
  • Provide asset strategy advice and perform market analyses for clients.
  • Research opportunities for redevelopment or acquisition and prepare recommendations for investors.
  • Maintain positive relationships with investors and ensure alignment with their goals.
  • Analyze financial performance and collaborate with other units to meet investor objectives.
  • Offer input for investment proposals and conduct due diligence on acquisitions.
  • Recommend and lead disposition strategies for assets, including negotiations.

Benefits

  • Collaborative and inclusive workplace culture prioritizing wellbeing and safety.
  • Opportunities for professional growth and development.
  • Exposure to diverse real estate assets across North America.
  • Comprehensive benefits package for employees and families.
  • Support for work-life balance and accessibility in employment practices.
Full Job Description
Where You'll Add Value

The Asset Manager is accountable for representing investor interests to various business units within the organization by developing, communicating and monitoring the implementation of strategies and business plans designed to optimize performance of assigned assets and/or portfolios.

How You'll Make a Difference

1. Asset Management Planning

Develops, implements, monitors and is held accountable for asset management plans for assigned portfolio of assets aimed at maximizing returns within established investment policies by proactively working with existing investors/clients on long-term asset management strategy and minimizing asset/portfolio risks.

2. Asset Management Strategy and Advisory

Performs various client services for investors that include asset strategy advice, analyses of markets and market trends, procurement of viable financing options, preparation of information updates, quarterly and other reporting, as required, and variance analysis against the approved asset management plan to status portfolio performance.

3. Asset Management Opportunities

Proactively researches and analyses opportunities for redevelopment, expansion, acquisition or disposition of existing assets and builds a business case and prepares recommendations to the investors to pursue viable options to maximize portfolio value and investor return.

4. Investor Relations

Proactively develops and maintains positive and mutually beneficial client relationship with investors to ensure their goals are continuously identified and met and company's core business is kept sustainable.

5. Financial Analysis and Reporting

Analyses financial and leasing performance and activities against the asset management plan and works collaboratively with Property Management, Leasing, Development and other business units within the organization to ensure that the investor's goals for the asset(s) or portfolios are met.

6. Investment Proposals and Acquisitions

Provides input in preparation of investment proposals and due diligence analysis for acquisition opportunities to determine viability and risks associated with the acquisition.

7. Dispositions

Recommends disposition strategies and leads disposition process for assets from analysis and recommendation to data preparation, sourcing of interested buyers, negotiation process and on-going advice to the clients with regards to action and strategies to employ to derive the maximum benefit from the disposition transaction.

8. Industry Relations

Maintains effective relationships with real estate and other pertinent industries to develop contacts and networks and to identify acquisition, disposition and development opportunities as well as emerging market trends and methodologies to employ to achieve maximum value for the asset and to consistently offer high standard of asset management services for the investors/clients.

The Expertise You'll Bring
  • Minimum 7 years of direct experience in progressive, front line real estate roles such as asset management, appraisal, real estate analysis or leasing
  • Bachelor's Degree in Business, Economics, Urban Land Economics or Real Estate or equivalent
  • Solid knowledge of financial analysis and modeling
  • Working knowledge of MS Office applications, esp. Excel.

Core Competencies
  • Strong communication skills both verbal and written
  • Ability to carry oneself in a professional and confident manner
  • Ability to multitask and deliver quality results under pressure and within tight deadlines
  • Ability to prioritize and juggle multiple priorities
  • Analytical skills
  • Critical review skills
  • Presentation skills
  • Influencing skills
  • Negotiation skills.

Preferred Qualifications and Experience
  • Real Estate Council's Certificate of Registration is an asset
  • Previous experience with valuation software is an asset.


Why You'll Love Working at Morguard
At Morguard, we're committed to creating an environment where our people can thrive. Here's what you can expect when you join our team:
  • A collaborative, inclusive workplace culture that prioritizes employee wellbeing and safety.
  • Meaningful opportunities for professional growth and development.
  • Exposure to a diverse portfolio of real estate assets across North America.
  • A competitive compensation and benefits package designed to support you and your family.
  • Support for work-life balance, along with accessible employment practices that meet AODA requirements.


Annualized Base Salary Range: $100,000 - $115,000

Pay Equity

The salary range listed for this position reflects the anticipated compensation at the time of posting. Actual compensation offered may vary and will be determined by factors including, but not limited to, experience, education, skills, certifications, internal pay equity and business needs.

Locations Morguard Head Office-55 City Centre Drive, L5B 1M3 Mississauga, ON Employment type Full-time

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