Senior Associate, Asset Management

Description

Work alongside the Asset Management team to execute on various assignments within Brookfield Properties’ 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.

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

QUALIFICATIONS
SERVICE / PERSONAL SKILLS:
• 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.

EXPERIENCE & TECHNICAL SKILLS:
• 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.

EDUCATION/DESIGNATIONS/LICENSES:
• University degree in Business, Accounting, Finance or Economics is preferred.
• Professional Financial or Commercial Real Estate designation are additionally beneficial

Your Career @ Brookfield Properties:

At Brookfield Properties, your career progression is important to us. As a successful employee, you will have the opportunity to grow within your team, department, and across the Brookfield organization. Our leadership teams are dedicated to the accomplishments of their employees. We also invest time into training and developing our people.

End your job search and find your career today, at Brookfield Properties.

Why Brookfield Properties?

We imagine, create, and operate on a foundation of values to build a better world, together. Brookfield Properties strives to create spaces where going to work never feels routine. As a Brookfield Properties employee, you will enjoy many benefits such as 401K matching, tuition reimbursement, summer Fridays, paid maternity leave and more. There is also a generous employee referral program because we want our existing team members to help us build a more diverse workplace through their networks.

Salary Type: Exempt

Pay Frequency: Bi-weekly

Annual Base Salary Range: $160,000-$190,000

Medical & Pharmacy Coverage: Yes, under Brookfield Medical Plan

Dental Coverage: Yes, under Brookfield Medical Plan

Vision Coverage: Yes, under Brookfield Medical Plan

Retirement: 6% RRSP

Brookfield Properties is an equal opportunity employer, and we foster an inviting, inclusive and collaborative environment.

Position Opening Reason:

New Position We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.

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