Asset Management Analyst

at  Wesgroup Properties

Wesgroup Properties started as a family business in British Columbia more than 60 years ago and today is one of Western Canada’s largest private real estate companies with a diversified portfolio spanning across residential and commercial real estate. Wesgroup owns and manages over 3.2 million square feet of commercial and multi-family real estate and has built more than 7,000 homes in 100 communities. With the active projects in our development pipeline, the portfolio will grow to over 7 million square feet over the next six years. Our operations are vertically integrated, encompassing land acquisition, construction, finance, design, marketing, sales, leasing, and property management. We have a long history of looking forward and we are dedicated to conducting business in line with our values of adaptability, accountability, relationships, and observing The Golden Rule without fail.
Wesgroup is poised for significant growth over the next few years and in preparation for this exciting and challenging phase, we are actively seeking a highly engaged, driven and experienced Senior Analyst, Asset Management to join our team.
The Asset Management is responsible for overseeing and optimizing the performance of our asset portfolio. The main duties will include conducting financial analysis, evaluating investment opportunities, monitoring market trends, and providing strategic recommendations to enhance the value and profitability of our assets. The ideal candidate will possess strong analytical skills, a deep understanding of real estate and financial markets, and a proven track record in asset management.

KEY ACCOUNTABILITIES:

Planning & Strategy

• Assist in creating and maintaining strategic asset plans for each property in the portfolio
• Conduct analysis of value initiatives proposed by senior management, such as long term capital plans
• Provide analytical support for major new and renewal leases to facilitate negotiations
• Support property management, leasing and accounting in the annual budgeting process

Valuation

• Maintain valuation worksheets for income assets using various methods such as DCF, Direct Cap, and Market Comparison
• Liaise with external appraisers, review of valuation metrics and clear understanding of valuation inputs/outputs
• Review property tax assessment for income portfolio, support property tax appeals, represents the company regarding all matters concerning property tax assessments with BC Assessment

Reporting and Other

• Monitor portfolio and property-level compliance restrictions
• Prepare quarterly and annual lender review packages for IPP assets
• Keep current with market trends; prepare market reports and research papers for internal use
• Participate in ad-hoc projects as required

QUALIFICATIONS, KNOWLEDGE & EXPERIENCE:

• Minimum of 1 to 3 years of relevant industry experience, working with a real estate company (asset manager or developer), real estate brokerage or advisory firm, appraisal firm, or real estate lender
• Undergraduate degree in real estate, business/finance or other relevant area of study
• Highly proficient in Microsoft suite of products with a strong emphasis on Excel
• Experience working with Yardi and Argus systems would be considered an asset
• Must be highly organized and be able to prioritize multiple competing tasks
• Excellent written and verbal communication skills
• Great attention to detail and degree of accuracy

Please refer the Job description for details