Director, Asset Management

Brookfield Properties•Toronto, ON

16h•CA$160,000 - CA$190,000•Onsite

About The Position

BGRE creates the premier offices the world’s most ambitious businesses thrive in – shaped by the spirit of hospitality, operating expertise, and tenant experience needed to compete at the front. Work alongside the Asset Management team to execute on various assignments within BGRE’s Downtown Toronto Office Portfolio (+9M square feet). 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

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.
University degree in Business, Accounting, Finance or Economics is preferred.
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.

Nice To Haves

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
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 BGRE