Director, Asset Management

Starlight InvestmentsON, Canada

1 day ago

Job type

Full-time

Job description

The Director of Asset Management (DAM) will apply a proactive, hands-on management approach to achieve specific goals and impact targets for each asset in the portfolio in accordance with the business plan and organizational objectives.

Duties and Responsibilities

Oversee the operations and management of the portfolio ensuring the properties' physical and financial well-being, responsible for driving strategy to get the most value out of each asset;
Complete financial review on a monthly basis, and a full financial review and analysis on a quarterly basis.
Set annual operational and capital budgets in accordance with asset plans, including providing guidance to all team members on assumptions, managing the internal timelines and milestone dates, and coordinating delivery of budget files with the property management companies.
Engage appropriate third-party providers for design-related capital projects; direct, review, and approve design projects for implementation with capital projects team.
Review and provide approval of capital projects. Monitor progress of projects to ensure timely completion and quality control.
Provide direction to third-party property management companies regarding day-to-day management and operation activities.
Ensure compliance with conditions set in place by financial institutions / lenders, municipalities, and other governing bodies for all assets. Provide updates and direct activities to correct any deficiencies.
Prepare leasing and marketing strategy to maximize the income profile and value of each property, supported by market-based comparables and competitive information.
Attend property tours on a regular basis with team members; each property should be visited, at minimum, once per calendar year.
Work with the team to ensure that all possible value creation opportunities are identified.
Recommend and implement such programs with assistance from capital projects teams and / or third-party property management companies.

Leadership :

Oversee the professional development of direct reports.

Oversee strategic projects, as needed for the Canadian Residential portfolio, providing guidance to team members.

Reporting :

Review asset manager property level reports; prepare and present quarterly reporting to clients.

Review and present ad-hoc reporting, and business cases as reasonably requested by clients.

Ensure that the team is appropriately managing the property tax appeals process.

Oversee the internal reporting prepared by the analyst team.

Relationship Building :

Take ownership of the acquisitions, dispositions, and financing transactions related to the portfolio and act as the lead communicator with all related third parties (property managers, lawyers, etc.).

Coordinate due diligence activities with other departments and / or third parties.

Manage investor / client relations activities.

Promote the Starlight brand in the real estate community.

Liaise with other internal departments and team members regarding value-add opportunities and special projects (i.e., energy initiatives, marketing).

Organize and lead property tours with clients and other stakeholders.

Conduct other day-to-day relations with third parties, including property managers, suppliers, joint ventures, lenders, brokers, consultants, advisors, accountants, lawyers, insurers, appraisers, and regulatory bodies.

Any other duties as required.

Requirements

Degree in Business and / or related field; MBA or professional designation an asset.

8–10 years experience in a related field.

Proactive / self-starter, detail-oriented, and critical thinking skills required.

Ability to work independently and effectively in a fast-paced, demanding environment.

Developed time management skills with the ability to manage multiple priorities.

Oral and written communication skills.

Organizational skills.

Analytical and problem-solving skills.

Interpersonal skills; work well with others.

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