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Senior Vice President, Property Management
2 months ago
About Metrolinx
Metrolinx is dedicated to enhancing connectivity across the Greater Golden Horseshoe region. As the operator of GO Transit and UP Express, along with the PRESTO fare payment system, we are committed to developing new and improved rapid transit solutions, including GO Expansion, Light Rail Transit routes, and significant enhancements to Toronto's subway system, ensuring efficient and effective transportation for our communities.
At Metrolinx, we prioritize equity, diversity, and inclusion, which are fundamental to our core values of serving with passion, innovative thinking, and teamwork.
Position Overview
Reporting directly to the Executive Vice President of Real Estate & Development, the Senior Vice President, Property Management will deliver strategic direction and oversee the formulation, execution, and evaluation of Metrolinx's corporate real estate strategy, initiatives, and services. This role encompasses the management of specific real estate assets, including the negotiation of purchase and sale agreements, leases, licenses, and other related real estate contracts; ongoing oversight of Metrolinx's real estate portfolio, including security, property enhancements, tenant relocations, and property administration; as well as supervision of the adjacent development review process, including agreements and permitting.
Key Responsibilities
- Directs the formulation, execution, and evaluation of Metrolinx's corporate real estate strategy and initiatives.
- Manages the Business Strategy and Support function to ensure optimal performance of the real estate portfolio, aligned with Metrolinx's objectives.
- Oversees property management, transactions, and administrative functions to ensure compliance with the corporate real estate strategy.
- Ensures alignment of property disposals with corporate strategy through financial analyses, business case evaluations, market trend assessments, offer evaluations, and agreement negotiations.
- Supervises real estate operations management, ensuring administrative and maintenance services are effectively delivered on leased and owned properties.
- Manages ownership responsibilities related to real estate, including asset financial performance, tenant relations, and heritage considerations.
- Oversees the Realty component of Asset Retirement Obligations (ARO) and ensures accurate ARO reporting for Metrolinx-owned and leased properties.
- Provides strategic and operational expertise to Metrolinx executives, Board Members, and management teams.
- Leads complex negotiations with senior executives from private sector firms, land developers, governmental bodies, and community organizations.
- Guides the development of strategic goals, key performance indicators, policies, performance analytics, systems, and best practices for the Property Management team.
- Ensures consistent support for adjacent development projects, with clear and defensible decision-making processes regarding project review, permitting, licensing, approvals, cost sharing, third-party obligations, and capital coordination.
- Offers strategic leadership on matters related to the Corridor Development Permit program.
- Collaborates with leaders in Real Estate & Development, Capital Projects Group, Construction Phase Services, and OnCORR.
- Fosters relationships with Operations & Safety, Planning, Capital Projects Group, Legal, Finance, Environmental Programs & Assessment, and Strategic Communications.
- Supports the implementation of the Province's TOC program, collaborating with relevant ministries.
- Identifies commercial opportunities for Metrolinx through engagement with third-party developers.
- Cultivates a work environment that aligns with the organization's aspiration to be recognized as a top employer.
Qualifications
- A degree in Business Administration, Urban Planning, Real Estate, Economics, Environmental Studies, or a related field, or an equivalent combination of education, training, and experience.
- Over 15 years of experience in real estate across various domains, including acquisitions, land development, and operations, preferably within the transportation or construction sectors.
- Expertise in large-scale real estate development, acquisitions, and operations.
- Knowledge of transit-oriented development principles and practices, as well as management of third-party agreements.
- Familiarity with rail safety standards, legislation, and regulations.
- Understanding of risk management systems and processes.
- Proficiency in business improvement strategies and performance analytics.
- Knowledge of change management principles and project management practices.
- Professional accreditation in real estate or a related field is advantageous.
Inclusivity Commitment
Metrolinx values the unique skills and experiences each individual brings and is committed to fostering an inclusive and accessible environment. We encourage applications from individuals of diverse backgrounds, including those from equity-deserving communities.
Application Process
All applicants must be legally entitled to work in Canada. Metrolinx will communicate via email for all job competitions, and it is the applicant's responsibility to provide an updated email address that is checked regularly.
Thank you for your interest in joining Metrolinx.
WE ARE AN EQUITABLE AND INCLUSIVE EMPLOYER.
