Senior Director Asset Management, Greater Toronto

Manulife Investment Management (“MIM”) is the global wealth and asset management segment of Manulife Financial Corporation. Manulife Investment Management's global real estate platform provides investment solutions globally as part of its comprehensive private markets capabilities, offering core, core-plus, and value-add strategies.

The global real estate team leverages its global platform and regional market knowledge to identify opportunities and drive results for its clients. As of June 30, 2024, its sustainably operated platform includes 90.5 million square feet of office, industrial, retail, and multifamily assets located across Canada, the United States, and the Asia Pacific region. The team is expanding its capabilities to meet evolving market opportunities, building a strong and diverse global culture as an entrepreneurial investment manager.

General Accountability:

The Senior Director, Asset Management is generally responsible for maximizing value of a portfolio by developing and executing asset-level strategies. The successful candidate will be responsible for delivering asset-level performance, with accountability for property management, leasing, capital expenditures, development, tenant relations, and oversight of other asset management team members.

Reporting to the Head of Real Estate Asset Management, the Senior Director, Asset Management’s focus will primarily be the Central and Eastern Canada market, and assets will include a mix of office, industrial, and multi-family properties.

Responsibilities:

Develop and execute asset-level strategies.

• Maintain strong relationships within the real estate industry to ascertain market and asset trends. Source and analyze market research.

• Identify and communicate each asset’s competitive position relative to its peer set. Develop strategies that best position each asset to outperform competitors.

• Identify value-add opportunities and lead the execution of value-add initiatives including renovations, repositioning, and the oversight of select ground-up developments to maximize total return for each assigned asset.

• Provide pre-acquisition and disposition input and assistance in due diligence process, including thorough research on select properties/markets and review of financial and operational assumptions.

• Regularly communicate market-level insights and contribute to regular asset management reports for Portfolio Managers and Senior Management.

Execute asset-level business plans and maximize NOI.

• Coordinate, produce and present annual business plans to Senior Management and Portfolio Managers.

• Lead property management teams, leasing teams/agents, project managers, development managers and other stakeholders to execute business plans. Lead negotiation of leases and third-party contracts.

• Target improvements in tenant satisfaction ratings. Target utility cost savings and improvements in sustainable building standard scores.

• Recommend approvals for budgets, forecasts and reforecasts, new leases and renewals. As required, present the case for approval recommendations to Senior Management and Portfolio Managers.

• Review and approve Yardi quarterly financials/operating statements and variance reports. Understand cash flow requirements and distribution analysis.

Oversee asset-level financial performance and maximize total return.

• Maintain internal Argus model for each assigned asset from acquisition closing through disposition. Review and update quarterly.

• Analyze and communicate the strategic and financial impacts of prospective tenant leases and capital improvement projects on building valuations.

• Work with internal teams to review and provide feedback on drafts of quarterly external appraisals.

• Monitor investment performance and provide feedback on and insights into quarterly MSCI performance results for each asset.

• Prepare and present asset-level information for external investors as needed. Identify opportunities to improve quality and content of investor reporting.

Job Requirements:

• CFA designation, MBA and/or graduate degree in finance/real estate preferred. Completion of real estate related designations (brokerage license, Chartered Realty Investor, CRE, etc.) desirable.

• Minimum of 12-15 years of asset-level experience, preferably working for a third-party fund management company.

• Network of industry contacts (investment and leasing brokers, investment manager competitors, investment bankers, institutional and non-institutional landlords).

• Strong leadership and team member training capabilities to serve as a leader to the Asset Management Analysts and Global Real Estate Group team members.

• Knowledge and applied professional understanding of the principles and practices of institutional real estate investment management, capital markets, and portfolio analysis. Knowledge of commercial real estate trends.

• Strong analytical skills (both quantitative and qualitative). Strong risk assessment skills. Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks. Strong organizational and prioritization skills.

• Ability to develop investment strategies and provide recommendations for changes or enhancements to improve investment objectives. Ability to integrate top-down and bottom-up perspectives into investment recommendations.

• Ability to draw conclusions and prepare written findings and presentations. Ability to evaluate and determine property valuations and asset performance under a variety of scenarios. Excellent verbal and written communications skills in order to present to and work with senior management and external clients.

• Ability to juggle competing priorities and work under pressure to meet demanding response times, all while paying strict attention to detail.

• Focused and self-motivated team player who balances independent thinking with the execution capabilities and core competencies of the rest of the organization.

• Superior proficiency with Microsoft Excel, Argus Enterprise. Yardi experience a plus.

À propos de Manuvie et de John Hancock

La Société Financière Manuvie est un chef de file mondial des services financiers qui aide les gens à prendre leurs décisions plus facilement et à vivre mieux. Pour en apprendre plus à notre sujet, rendez vous à l’adresse www.manuvie.com.

Manuvie est un employeur qui souscrit au principe de l’égalité d’accès à l’emploi

À Manuvie/John Hancock, nous embrassons notre diversité. Nous nous efforçons d’attirer, de perfectionner et de maintenir un effectif qui est aussi varié que nos clients, et de favoriser la création d’un milieu de travail inclusif qui met à profit la diversité de nos employés et les compétences de chacun. Nous nous engageons à assurer un recrutement, une fidélisation, une promotion et une rémunération équitables, et nous administrons toutes nos pratiques et tous nos programmes sans discrimination en raison de la race, de l’ascendance, du lieu d’origine, de la couleur, de l’origine ethnique, de la citoyenneté, de la religion ou des croyances ou des convictions religieuses, du genre (y compris grossesse et affection liée à une grossesse), de l’orientation sexuelle, des caractéristiques génétiques, du statut d’ancien combattant, de l’identité de genre, de l’expression de genre, de l’âge, de l’état matrimonial, de la situation de famille, d’une invalidité ou de tout autre motif protégé par la loi applicable.

Nous nous sommes donné comme priorité d’éliminer les obstacles à l’accès égalitaire à l’emploi. C’est pourquoi un représentant des Ressources humaines collaborera avec les candidats qui demandent une mesure d’adaptation raisonnable pendant le recrutement. Tous les renseignements communiqués pendant le processus de demande de mesures d’aménagement seront stockés et utilisés conformément aux lois et aux politiques applicables de Manuvie/John Hancock. Pour demander une mesure d’aménagement raisonnable dans le cadre du recrutement, écrivez à recruitment@manulife.com.

Région principale

Semaine de travail comprimée

L’échelle salariale devrait se situer entre

Si vous posez votre candidature à ce poste en dehors de la région principale, veuillez écrire à recruitment@manulife.com pour obtenir l’échelle salariale correspondant à votre région. Le salaire varie en fonction des conditions du marché local, de la géographie et de facteurs pertinents liés au poste telles les connaissances, les compétences, les qualifications, l’expérience et l’éducation ou la formation. Les employés ont également la possibilité de participer à des programmes de motivation et de toucher une rémunération incitative liée au rendement de l’entreprise et au rendement individuel.

Manuvie offre aux employés admissibles une vaste gamme d’avantages sociaux personnalisables, notamment une assurance soins médicaux, soins dentaires, santé mentale, soins de la vue, invalidité de courte et de longue durée, assurance vie et assurance DMA, assurance adoption, de maternité de substitution et de soins médicaux non urgents ainsi que des programmes d’aide aux employés et leur famille. Nous proposons également aux employés admissibles différents régimes d’épargne-retraite (y compris des régimes de rente et un programme international d’actionnariat assortie de cotisations patronales de contrepartie) ainsi que des ressources en matière d’éducation et de conseils financiers. Notre généreux programme de congés rémunérés au Canada comprend les jours fériés, les congés annuels, les congés personnels et les congés de maladie, et nous offrons toute la gamme des congés autorisés prévus par la loi. Si vous posez votre candidature à ce poste aux États-Unis, veuillez écrire à recruitment@manulife.com pour obtenir de plus amples renseignements sur les dispositions relatives aux congés rémunérés spécifiques aux États-Unis.