Real Estate Portfolio Strategist

1 week ago


Old Toronto, Canada Investment Management Corporation of Ontario Full time

We are seeking a highly skilled Real Estate Portfolio Strategist to join our team at the Investment Management Corporation of Ontario (IMCO). This is a unique opportunity to lead the development and execution of IMCO's Real Estate portfolio strategy, with a focus on active asset management of our direct Canadian real estate portfolio.

About Us

The Investment Management Corporation of Ontario (IMCO) is Ontario's professional asset manager, investing on behalf of our public sector clients. With approximately $77 billion in assets under management, we are one of the largest institutional investment managers in Canada and around the globe. Our mandate is to provide broader public sector clients with exceptional investment management services, including best-in-class advice around portfolio construction, efficient access to a diverse range of asset classes and superior reporting on risks and returns.

Job Summary

We offer a competitive salary of $120,000 - $180,000 per year, depending on experience, as well as a comprehensive benefits package. As a Real Estate Portfolio Strategist, you will be responsible for leading the development and execution of IMCO's Real Estate portfolio strategy, with a focus on active asset management of our direct Canadian real estate portfolio. You will work closely with our real estate team to identify and develop recommendations to support acquisitions, development and dispositions.

Responsibilities

  1. Develop and execute IMCO's Real Estate portfolio strategy, with a focus on active asset management of our direct Canadian real estate portfolio.
  2. Work closely with our real estate team to identify and develop recommendations to support acquisitions, development and dispositions.
  3. Lead in areas of property management initiatives, capital and leasing management, financial analysis and preparation of relevant materials to support the management of the assets.
  4. Underwrite of value-add strategies for the real estate portfolio, in conjunction with partners, managers and the real estate team.
  5. Producing annual asset plans and strategies focusing on areas of leasing, operations, ESG, development and hold/sell recommendations.
  6. Managing market research and evaluating the performance of the Real Estate portfolio relative to key benchmarks with a high attention to detail.

Requirements

  • A minimum of 15 years of relevant real estate investment industry experience.
  • Undergraduate degree in Finance, Business or a related field is required. A graduate degree (e.g., MBA) and/or a professional designation (e.g., CFA) would be an asset.
  • Extensive knowledge of the Canadian real estate market with hands-on asset management and transactional experience, including specific involvement in enclosed retail and office real estate.
  • Experience implementing investment strategies and plans, managing significant capital budgets, identifying value creation opportunities, leasing, operations and co-ownership structures.
  • Experience with sustainability practices and initiatives in real estate, including the Global Real Estate Sustainability Benchmark (GRESB) and certifications such as LEED.
  • Demonstrated leadership and ability to manage, mentor and grow a collaborative and high performing team.
  • Excellent written and communication skills required to report complex information in a clear, concise manner for investment memos, performance reports and market reviews.
  • Advanced knowledge of all Microsoft Office applications.

Benefits

We offer a comprehensive benefits package, including medical, dental and vision coverage, as well as a generous pension plan. We also offer a flexible work environment, with remote work options and a generous parental leave policy. At IMCO, we prioritize diversity and inclusion, and we encourage applications from underrepresented groups.



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