Asset Manager, Real Estate

At Nicola Wealth, our clients deserve the best. The same goes for our people. We invest in our employees in order to support our business through a period of significant growth. As an Asset Manager, you will help our clients get the best that Nicola Wealth has to offer and you will receive the same in return.

By bringing together smart, dedicated, high caliber colleagues from diverse backgrounds, we deliver extraordinary client service in a truly dynamic work environment. The collaboration, creativity and entrepreneurial spirit we were founded on provides the opportunity for incoming employees to make a real impact. We are passionate about our business and our culture, and are looking to attract, retain and develop individuals who have that same drive.

We are looking for talented, highly motivated individuals with exceptional experience who can embody our culture and values as a creative, collaborative and hard-working organization.

Position Summary

The continued growth of the business has led to the need for an additional Asset Manager to join Nicola Wealth Real Estate’s dynamic and growing team. Reporting to the Director of Asset Management, Real Estate, the Asset Manager will have a chance to manage a diverse portfolio of properties in an organization that blends the advantages of a well capitalized investor group with those of a smaller, more entrepreneurial and agile organization. As part of a small team, the successful candidate will have the chance to truly impact the business and also see the impact of their work.

The Candidate

The ideal candidate will bring a proven track record in the real estate industry having worked in leading progressive organizations in asset management, property management, appraisal, brokerage or leasing roles. Strong analytical, financial and negotiation skills will be required as will the ability to bring innovative, resourceful and creative ideas on how to best maximize value.

Nicola Wealth is known for its culture and great people and as such, the new Asset Manager must be a highly collaborative, self-motivated, high performing team player capable of contributing to an award-winning organization.

As an Asset Manager, your main responsibilities will involve:

• The operational and financial performance of an assigned portfolio with a focus on income growth and creative strategies for value enhancement.
• Developing and executing strategic annual business plans, including performance forecasts.
• Maximizing the total return of each asset through the analysis of property efficiencies and identifying opportunities for improved performance.
• Developing and implementing asset repositioning strategies.
• Directing and working closely with third-party property managers in the development of annual operating budgets including capital investment programs, and the day-to-day execution and oversight of same.
• Monitoring assigned assets, including detailed review of monthly financial reports from property managers. Guiding property managers regarding operational issues, including tenant relations, capital expenditures, collections and bad debts.
• Working with assigned leasing agents on marketing and leasing strategies. Providing lease administration support and negotiating lease renewals, as required.
• Undertaking detailed review of third party appraisals.
• Undertaking property site inspections and reviews.
• Ensuring the integrity, accuracy, consistency and completeness of third-party reporting (including financial statements, capital plans and amortization schedules, tenant recovery schedules, etc.)
• Monitoring stages of development and construction. Assist with development reporting and oversight as required.
• Help manage relationships across the assigned portfolio. Communication with internal and external stakeholders including property managers, partners, tenants and brokerage community.
• Staying abreast of industry trends. Understand market dynamics and competitive positioning of assigned properties.

As an Asset Manager, your skills and qualifications will include:

• 7 - 10 years of experience in the commercial real estate industry with exposure to a combination of industrial, office and multifamily properties in a fiduciary capacity.
• Completion of Bachelor’s degree or College Diploma in Business Administration, Real Estate, or related discipline.
  Strong software applications skills (MS Word, Excel, PowerPoint and Argus); experience with SharePoint and Yardi a plus.
• Ability to work independently in an active and highly dynamic environment. Comfortable making decisions and providing recommendations.
• Collaborative with capability to influence across multiple organizational levels, peers, executives and partners. Detail oriented with ability to see big picture. Excellent financial and analytical capabilities.
• Advanced understanding of real estate valuation methods.
• Understanding of construction fundamentals and project management is an asset.
• Some travel is required. Must have a valid drivers license and access to a vehicle.
• Must be legally eligible to work in Canada.

Application closing date is February 16, 2021.

Please include both cover letter and resume in your application. Thank you for your interest in this position. We are an inclusive equal opportunity employer. For more information about this and other roles, please visit our website.