Intern, Commercial Asset Management at Fengate Asset Management

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

13 Feb, 26

Salary

0.0

Posted On

15 Nov, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Real Estate, Asset Management, Financial Analysis, Market Analysis, Research, Valuation Techniques, Cash Flow Modelling, Analytical Skills, Communication Skills, Critical Thinking, Detail Oriented, Time Management, Collaboration, Problem Solving, Presentation Skills, ESG Programs

Industry

Financial Services

Description

OPPORTUNITY The Intern, Commercial Asset Management will work in a highly collaborative team environment and will have responsibilities in the core areas of reporting, analysis, and research. The primary focus for the Intern will be on the Fengate's Commercial Income Fund consisting of office, industrial and retail assets. Involvement with value-add initiatives as well as industrial development projects will also form part of the Intern's activities. KEY RESPONSIBILITIES Analysis Analysis support for internal and external stakeholders, including asset and portfolio performance analysis, financial analysis, market analysis and overviews, and the forming of recommendations. Provide support during due diligence processes with respect to assets for sale, as well as existing and potential development projects. Liaise with the cross-functional teams to build and maintain cash flow and Argus valuation models for various purposes, such as setting budgets, analysis of lease transactions and development activities and their impact on value, impact of capital expenditures, etc. Create/analyze operational and financial reports by reviewing and analyzing variance on operational results, collections/arrears reports, capital expenditures, utility consumption, value add initiatives, valuations, asset plans, and market reports. Reporting Assist with monthly and other periodic reporting of financial/operational metrics and presentations for both internal management and investor clients. Assist with other team reporting objectives including the review of semi-annual reforecasts and annual budgets, client pitches and presentations. Prepare, review, and analyze property and portfolio returns for periodic reporting purposes as well as ad hoc analysis. Assist with environmental, social and governance (ESG) programs and reporting. Create standardized slide decks and presentations that generate high-impact results based on industry standard key success factors such as profitability, occupancy and recovery rates, above/below market rate comparisons, etc. Research Collect, organize, and strategically distribute diverse real estate information and data from a variety of sources including real estate industry websites, news articles, conversations with advisors, and research databases. Research commercial properties and collect market information on lease and sale transactions, inputting and organizing data, researching online sources, and assist with corporate financial analysis and development. Develop in-house research databases and practices to assist in prioritizing target markets and submarkets for potential real estate investments. Conduct research on special topics in support of the team’s strategic initiatives and the wider organization’s goals and objectives. KEY QUALIFICATIONS A strong interest in real estate and asset management Pursuing an undergraduate business degree in real estate, finance, economics, or a related field. Experience with valuation techniques and cash flow modelling process is an asset – DCF, NPV, NER, Argus Enterprise. Prior commercial real estate research and analytical experience is an asset but not required. Strong research and analytical skills including the ability to gather, interpret and effectively communicate macroeconomic, capital market and property market data. Critical thinking skills that can convert data into meaningful relationships and information to drive quality decision making. Exceptional written and verbal communication skills, including ability to articulate recommendations in a concise and timely manner. Task and goal oriented and capable of functioning in an entrepreneurial and corporate setting. Detail oriented, with an acute ability to manage time and attend to deadlines. CORE COMPETENCIES Being Authentic –Inspiring trust and being courageous. Focusing on Performance –Being accountable and driving results. Understanding Stakeholders – Knowing the needs of those who rely on you. Building Effective Relationships – Collaboration and communication. Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace. It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in. We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs. We thank all applicants for their interest in this position; however only candidates selected for an interview will be contacted.

Responsibilities

The Intern will support analysis, reporting, and research related to Fengate's Commercial Income Fund, focusing on office, industrial, and retail assets. Responsibilities include financial analysis, due diligence support, and assisting with ESG programs and reporting.