Starlight Careers

Asset Manager - Commercial Properties

Overview

The Asset Manager will be responsible for ensuring that the assets under their management meet the targets outlined in the asset plans
 

Application Qualified candidates can submit their resume to
humanresources@starlightinvest.com.

Duties and Responsibilities

Asset Plan Execution:
  • Evaluate performance of the assets vis-à-vis the individual asset plans, and recommend and implement revisions as necessary
  • Complete full financial review and analysis on a monthly, quarterly and annual basis
  • Set annual operational and capital budgets in accordance with asset plans
  • Prepare leasing and marketing strategy to maximize the income profile and value of each property, supported by market-based comparables and competitive information
  • Review and provide approval of capital projects. 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
  • Engage appropriate third party providers for design-related capital projects; direct, review, and approve design projects for implementation with capital projects team
  • Identify issues proactively, and present to stakeholders with an action plan
  • Attend property tours on a quarterly basis, at a minimum and fill out property inspection reports for delivery to DAM and Executives
 
Reporting:
  • Prepare, review, and present monthly and quarterly reporting, including reforecasting and monthly expense accruals, to Executives, Finance Department, and other stakeholders as necessary
  • Prepare ad hoc reporting and analyses (i.e. return on investments, net effective rents) as reasonably requested by Client
  • Manage and project cash flow for assets
  • Review and update ARGUS as needed
  • Create business/asset plans for new acquisitions
  • Manage property tax appeals process

Value Add Opportunities:
  • Identify value creation opportunities
  • Recommend and implement such programs with assistance from capital projects teams and/or 3rd party property management companies
 
Relationship Building:
  • Assist with acquisitions, dispositions, and financing transactions
  • Coordinate due diligence activities with other departments and/or third parties
  • Manage investor/client relations activities
  • Liaise with other internal departments and team members regarding value add opportunities and special projects (i.e. energy initiatives)
  • Ensure compliance to conditions set in place by financial institutions/lenders, municipalities and other governing bodies (i.e. TSSA, ESA). Provide updates and direct activities to correct any deficiencies
  • Organize and lead property tours with Client 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
 
Other Duties:
  • Review/prepare agreements and legal documents such as, but not limited to, property management agreements, service contracts, leases, debt servicing, various proposals, estoppels and external communications
  • Other ad-hoc assignments and/or duties as required

Requirements

  • Degree in Business, Urban Development, and/or related field; MBA or professional designation an asset
  • Years of commercial real estate experience or related experience will determine salary range
  • Strong computer skills with MS Office with proficiency in Excel
  • Strong work ethics and ability to work under pressure
  • Time-management, prioritizing, and multi-tasking skills
  • Oral and written communication skills
  • Organizational skills
  • Analytical and problem solving skills
  • Interpersonal skills, work well with others

Location

Head Office