RioCan Real Estate Investment Trust hiring Asset Manager (12 months) in Toronto, Ontario, Canada | LinkedIn (2024)

Who We AreRioCan is one of Canada's largest Real Estate Investment Trusts (REIT). We own, manage and develop retail-focused, increasingly mixed-use properties in Canada's major markets. We pioneered the REIT concept almost 30 years ago and have transformed Canadian real estate.

We are proud to be recognized as one of Canada's Greenest Employers and a Greater Toronto's Top Employer. At RioCan, you can build a career with real impact and longevity. You get the stability and resources of an established company and the entrepreneurial and collaborative spirit of a start-up. Life at RioCan is dynamic and fast-paced. We know that great ideas can come from anywhere, and we empower our people to suggest and implement them. We value different voices and perspectives and appreciate that the unique backgrounds and identities we each bring to our jobs make the whole business stronger.

Position OverviewThis is a 12-month contract role located at our Yonge & Eglinton Centre in Toronto. Reporting to the AVP, 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.

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 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 JD Edwards, Yardi and Argus;
• Good accounting skills with knowledge of IFRS accounting a definite asset;
• Excellent written & verbal communication skills.

Why join RioCan?We Believe In Rewarding You For What You Do And Investing In Your Career And Long-term Success. Our Total Rewards And Perquisites Program Is Designed To Fit And Enrich Your Life Physically, Emotionally, Financially, And Socially. We Offer Eligible Employees

Work / Life Balance that prioritizes YOU. Enjoy a hybrid work model with 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 that includes a continuing education reimbursem*nt, a mentorship and leadership development program, on-demand online learning, and cross-training opportunities.

An Extensive Health and Benefits Program that includes health and dental benefits for you and your family starting on day one, a healthcare spending account, an employee family and assistance program, virtual healthcare, and other resources.

A Comprehensive Retirement Program to help prepare our employees for the future. This includes matching employee contributions in a retirement savings plan, pension plan, and an employee unit purchase plan.

Additional Perks and Benefits that include paid time off, parental leave top-up, various employee discounts, employee referral and recognition programs, and opportunities to participate in community initiatives, committees, and social events throughout the year.

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 www.riocan.com to learn more about who we are and what a career at RioCan can look like for you.