The Asset Manager ( AM ) will be responsible for ensuring that the assets under their management meets or exceeds the targets outlined in the asset plans. In completing the former, the AM will be responsible for client reporting, financial analysis, identification and implementation of value-add opportunities, communication to 3 rd party property management companies, creation of annual operational and capital budgets, preparation and implementation of marketing strategies, and ongoing communication with stakeholders and service providers. The AM will assist in acquisitions/dispositions, leasing and financing activities, creation of asset plans, train and mentor analysts, and participate in other day-to-day activities as required by the various stakeholders.
Duties and Responsibilities
- 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 aquarterly basis.
- Determine annual operating and capital budgets in accordance with assetplans.
- 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 3 rd party property management companies regarding day‑to‑day management and operation activities.
- Attend property tours, at minimum, on aquarterly basis and report to management.
- Identify value creation opportunities.
- Collaborate with leasing teams and brokers (and take the lead if required) to execute leasing strategies, maintain occupancy targets, and negotiate leaseterms.
- Stay informed on market trends, comparable properties, and economic indicators impacting assetvalue.
- Coordinate and deliver quarterly presentations and performance updates to institutional investors, ensuring transparency and alignment with reporting standards
- Manage relationships with institutional investors, serving as the primary point of contact for inquiries, updates, and ongoing performance discussions
Requirements
- Minimum of 5years of experience in commercial asset management
- Bachelor's degree in finance, Real Estate, Business Administration, Economics, or related field
- Flexible with the ability to work well under pressure to manage multiple priorities with tight deadlines
- Experience collaborating with cross-functional teams (legal, finance, leasing, property management)
- Familiarity with lease negotiations, tenant relations, and market analysis
- Microsoft Office (Word, Excel, Access), Outlook, YARDI .
- Efficient with acute attention to detail
- Ability to develop and implement asset management strategies
- Excellent communication, analytical and problem-solving skills
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Asset Manager in Toronto employer: starlightinvest.com
Starlight is an exceptional employer that fosters a dynamic and collaborative work culture, making it an ideal place for professionals seeking to make a meaningful impact in the residential leasing sector. With a strong focus on employee growth and development, Starlight offers comprehensive training programs and opportunities for advancement, ensuring that team members can thrive in their careers. Located in Canada, employees benefit from a centralized leasing platform that promotes operational efficiency and innovation, while also enjoying a supportive environment that values teamwork and performance excellence.
