Asset Manager

W|P|Osborne Executive Search is a privately owned Canadian executive-search firm offering full-service recruitment expertise to a broad spectrum of clients, from multinational corporations to family-owned businesses, private or public, as well as crown corporations/government organizations. Over the last decade, we have built a specialty practice in the real property industry in Canada.

Our client, a Canadian based, full service real estate asset management, ownership and investment organization, is seeking an Asset Manager for their U.S. multi-residential portfolio. The Asset Manager will be based in Dallas, Texas and be responsible for developing asset business plans and strategies, as well as investments/acquisitions for the assigned portfolio, with the overarching goal of maximizing value and returns to investors.

• Creating annual business plans and working with third party property managers to create annual budgets for an assigned portfolio of assets
• Work with third party property managers to execute asset business plans and set priorities on value add strategies.
• Liaise with third party property managers on a regular basis through weekly calls to ensure that revenue management software is optimized and that all value add initiatives are on track
• Review monthly financial results to ensure that they are exceeding budget
• Determining cosmetic and deferred maintenance capital projects and working with third party property managers and project managers to deploy capital and control capital expenditures
• Underwriting acquisition opportunities in your assigned geographic regions including the preparation of financial models
• Assisting with due diligence requirements for acquisitions, dispositions, and other transactions for the portfolio
• Conducting and reviewing annual third party appraisals for the portfolio
• Preparing quarterly reporting packages and investor newsletters
• Liaising with third party tax consultants on annual tax assessments

The successful candidate will possess a progressive track record of experience in asset management within a real estate organization. Advanced financial analysis capability is essential, as well as relationship building and strong interpersonal skills. Additional qualifications include:

• A University Degree in Business, Commerce, Urban Planning or a related field
• An MBA, CFA or AACI designation is considered an asset
• Proficiency in Microsoft Excel
• Experience with Yardi is an asset
• Experience with Revenue Management software is an asset