Starlight Investments, in conjunction with WP Osborne Executive Search, is seeking an Asset Manager, Commercial to join their Canadian Commercial team.
Asset Manager, Commercial
The Asset Manager will be responsible for ensuring that the office assets under their management meet or exceed the targets outlined in the asset plans. In completing the former, the AM will be responsible for client reporting, financial analysis, identification and implementation of value-add opportunities, communication to 3rd party property management companies, creation of annual operational and capital budgets, preparation and implementation of marketing strategies, and ongoing communication with stakeholders and service providers. The Asset Manager will assist in acquisitions/dispositions and financing activities, creation of asset plans, and train and mentor analysts.
Asset Plan Execution
- Evaluate performance of assets vis-à-vis the individual asset plans, and recommend and implement revisions as necessary;
- Complete full financial review and analysis on a quarterly basis;
- Determine annual operating and capital budgets in accordance with asset plans;
- Oversee operating, capital, leasing and marketing strategies to maximize income and asset value;
- Review and provide approval for capital projects and leasing transactions;
- Monitor progress of projects to ensure timely completion and quality control;
- Provide direction to 3rd party property management companies regarding day-to-day management and operation activities;
- Identify value creation opportunities.
Reporting
- Prepare, review and present quarterly reporting to Client and internal stakeholders;
- Create business/asset plans for new acquisitions;
- Manage property tax appeals process with external consultants;
- Assess various financial statements and operational data for accuracy, integrity and achievement to performance benchmarks.
Investor/Client Relations
- Liaise with other internal departments and team members regarding acquisitions, dispositions, and financing transactions, value-add opportunities and special projects;
- Provide pre-acquisition/disposition input and assistance on an as needed basis;
- Negotiate legal documents and contracts with various internal/external resources and consultants;
- Ensure compliance to conditions set in place by financial institutions/lenders, municipalities and other governing bodies. Provide updates and direct activities to correct any deficiencies;
Qualifications
The successful candidate will possess a University Degree in Business, Finance, Urban Development or related field, with a minimum three years’ relevant real estate experience; superior communication, organizational, analytical, and problem-solving skills, as well as the ability to work well with multiple stakeholders and manage numerous priorities. MBA or professional designations are considered an asset. A valid driver’s license and personal vehicle is essential.
Application
Qualified candidates can submit their resume via LinkedIn, noting
“Asset Manager, Commercial” in the subject line. We thank you for your interest in this role, however, only those selected for further consideration will be contacted.
Starlight Investments
Starlight Investments is a leading global real estate investment and asset management firm. Established in 2011 and privately owned, Starlight has grown to a dynamic team of 360+ professionals who manage over $25 billion of direct real estate and real estate investment securities. Offering a range of investment vehicles across various real estate strategies, we are a developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space. Holding Canada’s largest portfolio of multi-family assets, we have a strong focus and commitment to creating a positive impact for our communities. To learn more about Starlight, please visit www.starlightinvest.com or follow the company on LinkedIn.
Starlight’s total compensation framework is comprised of annual base salary, discretionary bonus and company benefits such as medical and wellness, Group RSP and other incentives.
Diversity, Equity and Inclusion
Starlight is dedicated to creating a workplace culture of inclusiveness that reflects the diverse communities that the company operates in. We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including but not limited to women, persons with disabilities, visible minorities (racialized), Black, Indigenous Peoples and persons of any gender identity and sexual orientation.
Environmental Social Governance (ESG)
As one of the largest rental housing providers in Canada, Starlight’s focus on ESG is aligned with the company’s broader purpose to invest with impact and drive social and economic growth through real estate. This focus shapes business operations and influences interactions with employees, investors, partners and communities.
WP Osborne Executive Search
WP Osborne is a privately-owned search firm delivering full-service recruitment expertise for over 20 years to a broad range of clients in the real estate industry. Our expertise extends across every major asset class including multi-residential, office, industrial, retail, mixed-use, condo, hotels, and senior living across the functions of asset management, investments, development, construction, leasing, property management, portfolio management, finance, marketing, IT, HR and strategy.
