Director Of Portfolio Management

Company

Our client is a global wealth and asset management business headquartered in Toronto with more than 150 years of financial stewardship to partner globally with clients across multiple sectors. Their private markets platform totals roughly $150 billion in assets under management and administration.

The real estate platform is geographically focused, providing the scale and expertise to identify opportunities across global markets. Teams are empowered through a bottom-up process, contributing to a wide source of off-market opportunities. The platform looks to invest in core, core-plus, value-add, and opportunistic properties in Canada, the United States, and Asia-Pacific across all asset classes.

The Role

Reporting to the Global Real Estate Portfolio Manager, the Director, General Account Portfolio Management will be responsible for assisting the portfolio management team in managing and maximizing the performance of the organizations' ~C$18.0 billion global real estate portfolio, with a specific focus on its C$5.6B Canadian real estate portfolio. The successful candidate will be responsible for working with the Asset Management, Transactions, and Development teams to review and approve lease proposals, capital projects, annual business plans and development and acquisition opportunities.

Key Responsibilities and Accountabilities

• Assist the Global Portfolio Manager with a variety of strategic initiatives to monitor and enhance portfolio performance.

• Work with Asset Management team to review and evaluate annual business plans, material lease

proposals and capital projects. Prepare financial and market analyses on individual assets to evaluate and support disposition or redevelopment recommendations.

• Work with Investments team to screen potential acquisition opportunities in Canada to ensure they meet the portfolio’s goals and objectives. Review underwriting assumptions and Argus models in advance of bids and liaise on any issues uncovered during due diligence through closing.

• Work with Development team to review potential development and redevelopment projects in Canada and to monitor existing projects.

• Review appraisals in the Canadian portfolio and advise of any necessary changes. Assist with quarterly data submission to outside benchmarking firm (MSCI).

• Participate in client meetings and support client reporting as necessary.

• Periodic travel required, primarily in Canada, but also to the U.S. (Boston, MA).

Knowledge/Skills/Competencies/Education:

• Bachelor’s degree in business, finance, accounting, or real estate.

• Minimum of 7 years’ experience in commercial real estate investment, preferably with transactions experience and exposure to Portfolio Management or Asset Management.

• Demonstrated ability to make investment decisions relating to acquisitions, dispositions, development, leasing, and capital expenditures.

• Strong analytical skills, with proficiency in ARGUS software and Excel modeling.

• Ability to draw conclusions and prepare written findings and presentations. Strong verbal and written communication skills in order to present to and work with senior management, cross-functional teams, and clients.

• Focused and self-motivated team player who balances independent thinking with the execution

capabilities and core competencies of the rest of the organization.

• Ability to multi-task and adapt to changing priorities with strict attention to detail.

• Prefer candidates who have worked in multiple disciplines, such as portfolio management, asset

management, acquisitions, and/or appraisal.

• Experience with office assets essential.

• CFA designation or graduate degree in finance/real estate a plus.

Compensation

Our client is prepared to pay a market competitive and performance driven compensation package.