Manager, Asset Management

Toronto · TorontoPermanent, Full Timemid

OtherAsset Management

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Overview

Who We Are For over 30 years, our entrepreneurial mindset and strategic vision have fueled our growth into one of Canada’s largest and most successful REITs.

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OtherAsset Management

Who We Are

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.

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.

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.