Senior Portfolio Manager, Real Estate Investments, Pension Fund

Senior Portfolio Manager, Real Estate Investments, Pension Fund

Job ID: J0113-0509 Category: Finance Location: Greater Toronto Area City / Province: Greater Toronto Area, Ontario Employment Type: Permanent, Full-time Job Closing Date: (dd/mm/yyyy) 14/02/2013 Language Requirement: English essential We’re building a great asset management team – now’s the time to join Canada Post as a Senior Portfolio Manager – Real Estate Investments, Pension Fund. This is a unique opportunity for a motivated, seasoned real estate investment professional to actively grow and manage the real estate portfolio of one of Canada’s largest company-sponsored pension plans, worth in excess of $16.5 billion. As a Senior Portfolio Manager, you will be working with a rapidly growing portfolio that has a very strong and positive reputation and is well-connected to key players in the Canadian investment real estate industry. This is a generalist role with a small hands-on, dynamic team that will see you involved in all areas of Real Estate Portfolio Management. You will have the opportunity to work on acquisitions, budgeting, capital investments, leasing, valuation and dispositions, with assets covering four sectors of Real Estate: Industrial, Retail, Office and Multi-Residential. Along with such diverse and professionally challenging work, you can enjoy work-life balance on a day-to-day basis, while being prepared to travel about 5 to 10% of the time. This is your opportunity to work for one of Canada’s top employers, best corporate citizens, and best diversity employers – and a world leader in the postal industry. Canada Post is continually evolving and looking at new ways of becoming more competitive and playing a larger role in the lives of Canadians from coast to coast. A defined contribution pension plan and a competitive benefits package and remuneration plan are other important reasons for considering this exciting career move. The successful candidate will: • Conduct real estate investment sensitivity analysis by reviewing cash flow, forecasting, and valuation reports. • Monitor real estate transactions, and conduct and monitor investment due diligence. • Obtain, review and analyze regular reporting from asset managers and advisors. • Create and maintain databases and tracking systems to monitor diversification, leverage and commitments, and to measure asset and fund performance return levels. • Prepare real estate property and portfolio reports, and presentations to approval and advisory committees. • Provide analyses, commentaries and recommendations to the General Manager, Real Estate Investments, Pension Fund, in areas such as potential investment opportunities. • Manage and maintain effective working relationships with the asset manager and senior executives within the Corporation. • Visit each of the properties under his or her responsibility. • Work with Pension investment staff, and asset and fund managers to reconcile and measure the portfolio’s returns against Canada Post’s benchmark, the IPD index. • Keep abreast of Real Estate market conditions, conduct investment research, and meet with external investment and leasing brokers for advice and commentary on future trends and developments related to governance standards, industry practices, legislation, guidelines, new technologies and programs related to Canada Post’s responsibility in managing its Real Estate portfolio. Job requirements (Education and Work experience): • Your degree in Urban Studies, Finance or Real Estate is complemented by a CFA designation; an MBA would be an asset. • Your 7 or more years of experience in an investment real estate environment have given you exposure to all aspects of asset management. • You bring real estate analytical and/or asset management experience; knowledge of all real estate sectors is an asset. • You are a strategic and analytical thinker, adept at translating strategies into actionable plans. • Your relationship-building skills have played a major role in your ability to develop a strong rapport and credibility with internal and external stakeholders alike and have been instrumental in your investment success. • Technically proficient, you have a solid grasp of computerized valuation, cash flow forecasting and modeling, and are very advanced in the use of Excel, PowerPoint and ARGUS software. • Your strong organizational skills and attention to detail drive your ability to manage multiple projects simultaneously. • You are fluent in English. Our Leadership Behaviours: Decision Making - A champion of the organization who takes calculated risks and makes prudent, common sense decisions about current issues, future opportunities and resource requirements in a timely, well thought out manner, that aligns with the corporation's best interests. Accountability - An individual who strives for performance excellence and who holds him/herself and direct reports accountable for decisions and actions and for learning from mistakes when intended results are not achieved. Business Orientation - A proactive individual who understands the competitive nature of the business, and is committed to sustaining the business through excellent customer service and new business opportunities. Execution - A focused and self motivated individual who acts with a sense of urgency and delivers on time and within budget, by dealing effectively with challenges and ambiguous situations. Leading People - A compelling communicator and leader who engages, motivates and inspires others to achieve results and who encourages personal growth and finding better ways of doing things. Canada Post offers: A total compensation package • Competitive salary • Annual incentive program • Comprehensive individual and family benefits coverage • Vacation and leave options • Defined Contribution Component of the Canada Post Corporation Registered Pension Plan A strong community of employees • Our employees drive innovation and ensure that our business continues to evolve to meet our customers' changing needs The satisfaction of a job well done • You'll be part of a winning team that touches the lives of millions Additional Skills: Asset Management Investment analysis Portfolio Management Real Estate Investments Careers that deliver: If you're ready to make a difference and discover your full potential, Canada Post delivers a variety of exciting and challenging career opportunities across the country. As one of Canada’s top employers and best corporate citizens, we’re committed to attracting, retaining and developing a winning team to meet the evolving needs of Canadians and secure our future.  Canada Post is committed to employment equity and encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. The Conflict of Interest Policy prohibits employees from hiring, supervising or reporting to, directly or indirectly via the reporting hierarchy, their immediate family or close personal relations. Should you feel that you may be in an actual or potential Conflict of Interest in regard to this job opportunity, you must communicate with the designated Human Resources representative. If you are contacted by Canada Post regarding a job opportunity or testing, please advise if you require accommodation.  Important Messages:Your application must clearly demonstrate how you meet the requirements as Canada Post cannot make assumptions about your education and experience. We thank all those who apply. Only those selected for further consideration will be contacted.