Starlight Careers

Senior Asset Manager, Canadian Commercial

Overview

The Senior Asset Manager (“AM”) will manage income, cash flow and long-term asset strategies to ensure the commercial assets under their management achieve targets as outlined in the annual asset plans. The AM’s key focus will be to oversee and be responsible for a variety of functions including client and financial reporting, budgeting, marketing and leasing strategies, contract and lease negotiations, 3rd party property management, project management, various financial analyses, and communication with stakeholders, vendors and service providers.

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

Duties and Responsibilities

Asset Plan Execution:
  • Evaluate performance of assets vis-à-vis the individual asset plans and recommend and implement revisions as necessary
  • Complete full financial review and analysis on a quarterly basis
  • Determine annual operating and capital budgets in accordance with asset plans
  • Oversee operating, capital, leasing and marketing strategies to maximize the income and value of assets
  • Review and provide approval for capital projects and leasing transactions with corresponding teams
  • 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
  • Attend property tours, at minimum, on a quarterly basis and report to management
  • Identify value creation opportunities
 
Reporting:
  • Prepare, review and present quarterly reporting to Client and internal stakeholders
  • Prepare ad hoc reporting and analyses as reasonably requested by Client and internal stakeholders
  • Create business/asset plans for new acquisitions
  • Manage property tax appeals process with external consultants
  • Assess various financial statements and operational data for accuracy, integrity and achievement to performance benchmarks
 
Relationship Building:
  • Manage investor/client relations activities
  • Liaise with other internal departments and team members regarding acquisitions, dispositions, and financing transactions, value-add opportunities and special projects
  • Provide pre-acquisition/disposition input and assistance on an as needed basis
  • Negotiate legal documents and contracts with various internal/external resources and consultants
  • 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 stakeholders
  • Conduct other day-to-day relations with third parties, including property managers, vendors, partners, lenders, brokers, consultants, advisors, accountants, lawyers, insurers, appraisers and regulatory bodies
  • Train and mentor Asset Managers and Analysts as needed
  • Collaborate with other Asset Managers for the purpose of maximizing value and efficiency for the Canadian Commercial team

Requirements

  • Degree in Business and/or related field required
  • MBA or professional designation considered an asset but not required
  • 5-8 years experience in a related field or industry preferred
  • Knowledge of financial modeling and analysis (i.e. ARGUS, Excel) preferred
  • Strong time-management, prioritizing, and multi-tasking skills
  • Excellent oral and written communication, organizational and analytical skills
  • Strong relationship building and interpersonal skills; works well with others
  • Ability to travel

Location

Head Office