Asset Management Associate Jobs

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

This role is hybrid from our downtown Vancouver office.

Manulife Investment Management manages approximately 10.5 million square feet of real estate assets in Western Canada on behalf of both Manulife’s general account and third-party funds and accounts. Our West region includes a mix of office, retail, industrial and multifamily properties, ranging from core to value-add assets.

Manulife Investment Management is seeking an Asset Management Associate, Western Canada, to play a key role within the Asset Management team. The team is responsible for creating and completing the business plans in the company’s Western Canada portfolio ($3B AUM). The Associate is responsible for financial modeling and analysis and will work closely with the Asset Manager in overseeing leasing, property management and capital projects. The position reports directly to the Director of Asset Management.

Responsibilities

• Coordinate appraisal review and commentary by regional Asset Managers and conduct variance analysis to external appraisals
• Provide financial analysis and support for asset-level decision-making and transactions
• Conduct and/or support analysis for evaluation of leasing opportunities, capital projects, and tenant credit. Develop and present findings for Senior Management and Portfolio Managers as required
• Assist with acquisitions and dispositions when applicable
• Play an integral role in identifying market trends and extracting insights for the regional portfolio, contributing to market commentary produced by regional Asset Managers. Present and review with Senior Management and Portfolio Managers as required
• Support Asset Manager with coordination, production, and presentation of annual business plans to Senior Management and Portfolio Managers.
• Support Asset Manager in oversite of leasing, property management and capital projects.
• Conduct quantitative and qualitative analyses and reporting across the region’s portfolio, delivering forward-thinking analysis to support decision-making and strategy
• Assist with training & mentoring analysts
• Support asset-level business plans and valuation models.
• Handle collaboration with leasing brokers, review LOIs, leasing documents, and outside broker listing agreements
• Review and selectively audit asset-level financial reporting submitted from Property Managers, including capital commitment forecasts, expense recovery calculations, and funding projections. Oversee timeliness of Yardi financial and accounting information submitted from Property Managers
• Assist on an ad-hoc basis for ongoing capital projects across the region
• Build and maintain quarterly Argus models and support hold vs. sell analyses conducted by regional Asset Managers. Undertake model audits, quality assurance reviews, and support standard processes compliance
• Assist in creating and maintaining strategic asset plans for each property in the assigned portfolio, including implementation of asset management led initiatives

What motivates you?

• You share your humanity, helping us build a diverse and inclusive work environment for everyone.
• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You take ownership and build solutions, focusing on what matters.
• You obsess about customers, listen, engage and act for their benefit.
• You thrive in teams and enjoy getting things done together.
• You do what is right, work with integrity and speak up.

What We Are Looking For

• Minimum of 4-6 years of relevant experience preferably from one of the top capital markets brokerage firms or other institutional real estate organizations
• Limited travel
• Focused and self-motivated great teammate who balances independent thinking with the execution capabilities and strengths of the rest of the organization.
• Excellent written and oral communication skills. Effective customer service and interpersonal skills. Strong organizational, time management and priority setting skills.
• Undergraduate degree in Finance, Accounting or Economics from top academic institution
• Demonstrated leadership skills and a strong sense of ownership
• Ability to develop investment strategies and provide recommendations for changes or enhancements to improve investment objectives. Ability to integrate top-down and bottom-up perspectives into investment recommendations
• Capable of managing competing priorities and maintaining strong attention to detail under strict deadlines
• Superior analytical and critical thinking skills (both quantitative and qualitative).
• Able to successfully work in a team-oriented environment and partner with different functional groups
• In-depth knowledge of real estate investment, asset management, accounting and administration concepts
• MBA or Master’s Degree with concentration in Commercial Real Estate is preferred
• Strong work ethic, a high level of integrity, and the desire to take initiative
• Advanced proficiency with Microsoft Excel (financial modeling, creation of templates) and Argus Enterprise. Experience with Yardi a plus

What can we offer you?

• Professional development and leadership opportunities.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• A competitive salary and benefits packages.
• Flexible work policies and strong work-life balance.

Our commitment to you

• Values-first culture We lead with our Values every day and bring them to life together.
• Continuous innovation We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion We foster an inclusive workplace where everyone thrives.
• Boundless opportunity We create opportunities to learn and grow at every stage of your career.
• Championing Corporate Citizenship We build a business that benefits all collaborators and has a positive social and environmental impact.

About Manulife And John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location

Vancouver, British Columbia

Salary range is expected to be between

$82,000.00 CAD - $122,000.00 CAD

If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [email protected] for more information about U.S.-specific paid time off provisions.