Asset Manager

Brookfield Asset Management•Toronto, ON

74d•$115,000 - $140,000

About The Position

At Brookfield Properties, our success starts with our people. People like you. Brookfield Properties develops and operates real estate investments on behalf of Brookfield Asset Management — one of the largest alternative asset managers in the world. From office to retail, logistics to multifamily, and hospitality to development, we work across sectors to bring high-quality, sustainable real estate to life around the globe every day. We are seeking a new Asset Manager to join Brookfield Properties in Toronto, ON. Work alongside the Asset Management team to execute on various assignments within Brookfield Properties’ Downtown Toronto Office Portfolio (+9M square feet). The successful candidate will 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. In this role, you will play a key role in inspiring change and continual improvement. If you are committed to excellence and ready to contribute to a dynamic culture, we would love to meet you.

Requirements

5+ years of extensive and relevant exposure to commercial office real estate
University degree in Business, Accounting, Finance or Economics is preferred; Professional Financial or Commercial Real Estate designation is considered an asset
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
High numerical and arithmetic aptitude with a sound understanding of NPV, IRR, DCF and TVM principles
Proficient in Argus Enterprise, Yardi and Microsoft applications with Advanced Excel.
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
Ability to deliver results and present to Senior Leadership under varied workloads and tight deadlines

Responsibilities

Actively lead and support the execution of various initiatives including: 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 Brookfield Properties