Description
WHAT WILL YOU DO?
- Collaborate on strategic investment with property management, insurance, treasury and capital projects teams to craft and execute investment strategies that maximize value and performance.
- Execute acquisition due diligence efforts in partnership with acquisitions, financing, property management and capital teams to ensure seamless transactions.
- Continuously liaise with property management counterparts, providing clear direction and objectives for stakeholders with diverse skills overseeing the generation and stewardship of operating budgets.
- Regularly evaluate asset performance metrics inclusive of asset plans, building matrices, budget-to-actual reporting, and measurement of priority projects as part of organizational strategic planning and budgeting.
- Work collaboratively with investment and acquisitions team to align asset management strategy with investment objectives.
- Develop, review, and recommend annual budgets, conduct income statements and balance sheet forecasting as required.
- Provide ongoing feedback to executive team on market dynamics and asset performance, offering recommendations for budget and asset plan adjustments.
- Cultivate and strengthen relationships with industry peers within and outside of the organization, establishing yourself as a recognized expert in multifamily asset management.
- Maintain accountability for property performance, including revenue, repairs and maintenance, bad debt, and other controllable expenses with the property management team.
- Directly steward property tax appeals and work with the energy and insurance and risk teams to guide non-controllable expenses.
- Provide market engagement through travel to assigned assets as needed to perform property inspections (less than 25% of time).
- We are an agile team and embracing additional responsibilities is a normal part of our culture.
- Other duties as required.
WHAT WILL YOU NEED?
- 5+ years of progressive experience in multifamily real estate or Asset Management.
- A comprehensive understanding of real estate cycle is required.
- University degree with concentration in finance, accounting, commerce, engineering, or related field. Holding or working towards a CFA, CAIA, CPM, CPA, or relevant professional designation is a plus.
- Strong analytical and problem-solving skills are essential.
- Proven explementary communication and presentation skills with comfort in explaining analytical details in a clear way.
- Demonstrated ability developing and sustaining cooperative working relationships.
- Ability to thrive in a fast-paced environment, handling multiple demands and competing priorities while embracing new ideas and constant changes.
WHAT DO WE OFFER?
- We live and breathe our core values. We go the extra mile. We’re honest. We always have each other’s back. We have tons of integrity. And we always own it and adapt – no matter the challenge.
- With the support to do things differently, grow personally and professionally, and bring your whole self to work, there’s no limit to the impact you can make.
- We provide a competitive compensation package composed of a group benefits plan, GRSP matching, and a discretionary bonus program. In addition, Avenue Living also offers an Employee Referral Program that rewards active employees for successful referrals.
- An employee centric culture with paid time off for employer supported volunteerism, a generous awards and recognition program, discounted monthly rent in Avenue Living Communities’ properties, and employee and savings program savings through industry partnerships.
- We are committed to a strong, safe work environment.
We are committed to ensuring our workplace is fair, equitable, and free of discrimination and harassment. Should you require accommodation to participate fully in the recruitment process, please email peopleandculture@avenueliving.ca.
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