Asset Management Associate - Vancouver, Canada - Manulife

Manulife

Verified Company

Vancouver, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world.

From our environmental initiatives to our community investments, we lead with values throughout our business.

To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive.

Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement
Hybrid

This role is hybrid from our downtown Vancouver office.

Manulife Investment Management manages approximately 10.5 million square feet of real estate assets in Western Canada on behalf of both Manulife's general account and third-party funds and accounts.

Our West region includes a mix of office, retail, industrial and multifamily properties, ranging from core to value-add assets.

Manulife Investment Management is seeking an Asset Management Associate, Western Canada, to play a key role within the Asset Management team.

The team is responsible for creating and completing the business plans in the company's Western Canada portfolio ($3B AUM).

The Associate is responsible for financial modeling and analysis and will work closely with the Asset Manager in overseeing leasing, property management and capital projects.

The position reports directly to the Director of Asset Management.

Responsibilities:

Provide financial analysis and support for assetlevel decisionmaking and transactions
Conduct quantitative and qualitative analyses and reporting across the region's portfolio, delivering forwardthinking analysis to support decisionmaking and strategy
Conduct and/or support analysis for evaluation of leasing opportunities, capital projects, and tenant credit. Develop and present findings for Senior Management and Portfolio Managers as required
Assist with acquisitions and dispositions when applicable
Play an integral role in identifying market trends and extracting insights for the regional portfolio, contributing to market commentary produced by regional Asset Managers. Present and review with Senior Management and Portfolio Managers as required
Assist in creating and maintaining strategic asset plans for each property in the assigned portfolio, including implementation of asset management led initiatives
Support assetlevel business plans and valuation models.
Support Asset Manager with coordination, production, and presentation of annual business plans to Senior Management and Portfolio Managers.
Build and maintain quarterly Argus models and support hold vs. sell analyses conducted by regional Asset Managers. Undertake model audits, quality assurance reviews, and support standard processes compliance
Coordinate appraisal review and commentary by regional Asset Managers and conduct variance analysis to external appraisals
Handle collaboration with leasing brokers, review LOIs, leasing documents, and outside broker listing agreements
Support Asset Manager in oversite of leasing, property management and capital projects.
Review and selectively audit assetlevel financial reporting submitted from Property Managers, including capital commitment forecasts, expense recovery calculations, and funding projections. Oversee timeliness of Yardi financial and accounting information submitted from Property Managers
Assist on an adhoc basis for ongoing capital projects across the region
Assist with training & mentoring analysts

What motivates you?

You obsess about customers, listen, engage and act for their benefit.
You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
You thrive in teams and enjoy getting things done together.
You take ownership and build solutions, focusing on what matters.
You do what is right, work with integrity and speak up.
You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

Undergraduate degree in Finance, Accounting or Economics from top academic institution
MBA or Master's Degree with concentration in Commercial Real Estate is preferred
Minimum of 46 years of relevant experience preferably from one of the top capital markets brokerage firms or other institutional real estate organizations
Indepth knowledge of real estate investment, asset management, accounting and administration concepts
Ability to develop investment strategies and provide recommendations for changes or enhancements to improve investment objectives. Ability to integrate topdown and bottomup perspectives into investment recommendations
Capable of managing competing priorities and maintaining strong attention to detail under strict deadlines
Superior analytical and critical thinking skills (both quantitative and qualitative).
Able to successfully work in a teamoriented environment and partner with diffe