Director, Asset Management

Brookfield Properties•Calgary, AB

1d•Onsite

About The Position

BGRE is a premier, global real estate partner to the world’s most ambitious businesses. It operates and develops the real estate they rely on to grow with conviction across markets and sectors. The company combines global scale with deep local expertise, managing more than 260 MSF of office, logistics, hospitality, retail and living space in gateway markets around the world on behalf of Brookfield. Supported by thousands of employees worldwide, BGRE is committed to building strong partnerships, operating sustainably and creating places where people can work, live, connect and thrive. We are seeking a new Director, Asset Management to join BGRE in Calgary. 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. The Director will work alongside the Asset Management team to execute various assignments within BGRE Downtown Calgary Office Portfolio (+7M square feet). You 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.

Requirements

Thrive in a fast-paced environment and be able to balance a varied workload and tight deadlines
Superior attention to detail, accuracy and ability to follow-up as required to meet deadlines
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
Must be a team player with exceptional work ethic and adaptability
8+ years of extensive and relevant exposure to commercial office real estate
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
Detail oriented
Proven history of excelling within team dynamics
High numerical and arithmetic aptitude with a sound understanding of NPV, IRR, DCF and TVM principles
Strong analytical ability; able to provide meaningful conclusions and effective leadership to internal Analyst team
Sound communication and organizational skills; able to efficiently prioritize multiple tasks
Self-motivated and proactive, both with respect to managing workload and professional development
Confidently able to deliver results and present to Senior Leadership under tight deadlines
Proficient in Argus Enterprise, Yardi and Microsoft applications with Advanced Excel

Nice To Haves

University degree in Business, Accounting, Finance or Economics is preferred
Professional Financial or Commercial Real Estate designation are additionally beneficial

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 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 Calgary Commercial Real Estate Industry promoting both professional development and the best interests of Brookfield Properties