Senior Asset Manager

Headquartered in Vancouver, British Columbia, Belkorp is a multi-generational family-owned, diversified investment company whose origins date back to the late 1940s. Built on honest, loyal, and long-standing relationships, we work collaboratively with business leaders and their management teams to achieve long-term growth and value creation. We have a proven track record of investment and operational excellence in operating businesses and property investments in both Canada and the United States. Learn more: www.belkorp.com

Belkorp’s property portfolio includes industrial and multifamily real estate assets located throughout the Lower Mainland, Pacific Northwest and Southwest regions of the United States. Backed by decades of experience and a strong reputation in the real estate industry, we are committed to providing well-maintained properties, exceptional resident and tenant experiences, and outstanding customer service.

As a people-focused firm, we empower our team and acknowledge the unique contributions of every individual. Our leadership team recognizes that to achieve our long-term goals, we must foster a culture rooted in family values: prudent risk taking, hard work, and innovative thinking, together with humility and gratefulness for the opportunities we enjoy as Canadians. We build purposeful relationships with our employees and partners.

The role

Belkorp is seeking an experienced and driven professional to join our team as a Senior Asset Manager. This role will provide strategic input and operational oversight of our multifamily and industrial real estate portfolio. The successful candidate will report to the Vice President, Asset Management and collaborate closely with internal team members and third-party property managers across the Pacific Northwest markets. Regular travel within the U.S. West Coast and Lower Mainland is required.

Salary: $125,000 to $145,000 per annum commensurate with experience, plus bonus potential and a great benefits package including company matched RRSP program.

Hours of work: Monday to Friday, 8:30am-5pm. Occasional evening and weekend work may be required depending on travel arrangements and role obligations.

Job type: Full-time, permanent

Responsibilities

• Lead financial review for an assigned portfolio, including the review of monthly financial statements, operational and variance reports, and forecasting and performance analysis
• Monitor key portfolio performance metrics including NOI growth, occupancy, rental rate growth, operating expenses, budget variance and capital project performance.
• Identify revenue growth, operating efficiencies and value-add opportunities to improve performance and long-term value of each asset
• Travel regularly to Seattle and Portland to inspect properties and evaluate property operations
• Lead and hold third-party property management firms accountable for operating performance, budgeting, leasing, resident satisfaction and execution of approved business plans
• Evaluate and approve proposals and negotiate pricing jointly with property management firms and consultants for major capital and non-routine projects, including structural/construction projects, building envelope issues and other projects (roofing, painting, etc.)
• Oversee approved non-routine and capital upgrade projects to ensure timely delivery, budget adherence, and achievement of anticipated returns
• Lead lease negotiations, renewals, and third-party service contracts, as required
• Prep documentation and reporting for key project approvals, including project summaries, project updates and rate of return analyses for senior management
• Assist in the business planning process by working with property management firms to prepare annual budgets, financial forecasts, capital expenditure and other financial plans
• Provide input in the acquisitions process, coordinate property due diligence and assist with transition activities as needed
• Provide other support to the Real Estate team by preparing various reports and analysis as required

Education

• Undergraduate degree in business, finance, economics, real estate or a related discipline is preferred

Skills/Knowledge

• Ideally 10+ years of relevant experience in asset management with exposure to multifamily and industrial real estate in Canada and the United States
• Proven ability to build and maintain strong relationships with property management companies, consultants, and key stakeholders
• Strong verbal and written communication skills
• Strong analytical skills with a high level of accuracy and attention to detail
• Demonstrated experience in financial modeling, budgeting, forecasting, and business analysis
• Experience with construction project management, managing insurance claims and lease negotiations
• Advanced Excel, Word and PowerPoint skills are required
• Must possess a valid driver’s license and maintain a clean driving record
• Must hold a valid passport and be eligible to travel to the United States

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