Manager, Asset Management

Toronto, ON
$110,000-140,000 per year
Permanent
Full-time

20 days ago

For over 30 years, our entrepreneurial mindset and strategic vision have fueled our growth into one of Canada's largest and most successful REITs. Our retail-focused and mixed-use portfolio reflects our commitment to creating vibrant community spaces where people want to shop, live, work, and play. We take pride in our strong legacy while continuously adapting, innovating, and investing in the future. We're proud to be recognized as one of Canada's Most Admired Corporate Cultures, Canada's Greenest Employers, Canada's Best Diversity Employers, and a Greater Toronto Top Employer.At RioCan, we believe our people are our greatest strength. We foster a welcoming, inclusive culture where employees can connect authentically, grow continuously, and bring their whole selves to work. Here, you'll find opportunities to learn, lead, and make an impact every day.POSITION OVERVIEW:Reporting to the Sr. Manager, Asset Management, this position is responsible for the asset management of a portfolio of retail assets that is identified by geographic location and/or joint venture partner.The role is located at our Yonge & Eglinton Centre in Toronto, ON.RESPONSIBILITIES:

Prepare, update and execute on strategic Asset Management Plans for assets within the assigned portfolio;
Maintain a portfolio of properties including the vetting of annual budgets & analysis of monthly financial statements;
Reforecast budgets and cash flows on a monthly basis;
Liaise and provide support to joint venture partners including creation of monthly reporting packages, quarterly statistics and lease approval packages;
Travel to and conduct inspections of the assets within the portfolio on an annual basis;
Collaborate with the Sr. Manager, Asset Management and other members of the Asset Management department to ensure consistent and comprehensive management of the overall RioCan portfolio;
Provide pre-budget and post-budget support to the Leasing department. Underwrite all lease transactions and recommend acceptable deals to upper management and partners;
Monitor and provide oversight of the assets within the assigned portfolio, collaborating with all departments involved with the projects (i.e. Leasing, Accounting, Operations, Investments, Development, and Construction when appropriate) and lead asset specific update meetings as required;
If required, provide oversight on any redevelopment projects within the assigned portfolio;
Identify and recommend areas of potential value enhancement, innovation and risk control;
Other duties / projects as assigned.

QUALIFICATIONS:

University degree preferably in Business or Finance;
A minimum of 5 years working experience in commercial real estate, ideally in a similar or analytical role;
Proficient in Word, Excel, and Outlook;
Knowledge of Yardiand Argus;
Good accounting skills with knowledge of IFRS accounting a definite asset;
Excellent written & verbal communication skills.

$110,000 - $140,000 a yearThe base salary range for this role reflects compensation for candidates at varying levels of experience and proficiency. The salary will be determined based on the successful candidate's relevant competencies, including skills, experience, education, and our teams' requirements.The listed salary range does not include bonus and other total rewards. This role is eligible for participation in the company's bonus program.This posting is for an existing vacancy within our organization.Why join RioCan?We believe in rewarding you for what you do and investing in your career and long-term success. Our total rewards program is designed to help you thrive in every aspect of your life: physically, emotionally, financially, and socially. Here's what we offer:An Extensive Health and Benefits Program that includes health and dental benefits starting on day one, healthcare and wellness/lifestyle spending accounts, access to an employee family and assistance program, virtual healthcare services, and other resources to support your overall well-being.A Comprehensive Retirement Program to help prepare you for your future. This includes matching employee contributions in a retirement savings plan, pension plan,and an employee unit purchase plan.Work/Life Balance that prioritizes you. Enjoy flexible work hours, an extra-long weekend with our RioCan Cares Day, and half days before every long weekend in the summer.Professional Growth and Development opportunities to advance your skills and grow your career through our continuing education reimbursement, mentorship and leadership development programs, on-demand online learning, and cross-functional training opportunities.Additional Perks and Benefits that include paid time off, parental leave top-up, employee discounts, referral and recognition programs, and year-round opportunities to connect through community initiatives, committees, and social events.If you share RioCan's values and a passion for real estate, we want to hear from you.We are committed to creating a diverse and inclusive work environment where all employees are valued, included, and empowered to do their best work and bring great ideas. People are at the core of who we are, and we respect that they have taken all paths to get here. RioCan welcomes applications from all candidates and is committed to providing accommodations for people with disabilities. If you require accommodation at any stage of the application process, please let us know, and we will be happy to work with you to meet your needs.You can visit us at and follow us on LinkedIn to learn more about who we are and what a career at RioCan can look like for you.We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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