23 Aug
|
KingSett Capital
|
Toronto
23 Aug
KingSett Capital
Toronto
KingSett Capital is seeking a Director, Retail Asset Management to join the Toronto team. Reporting to the Senior Vice President, Retail and Asset Resilience, you will lead the value creation strategies on a property-by-property basis for KingSett's retail portfolio.
LOCATION
ROLE RESPONSIBILITIES
- Support portfolio and property-level planning by contributing to value creation strategies across leasing, operations, AR, marketing, community, and amenity programs, including preparing recommendations on leasing contracts and property operations.
- Assist in the preparation of Annual Portfolio Plans, review Annual Property Budgets, and monitor operating capital requirements to support long-term asset preservation.
- Lead monthly property reviews in partnership with property managers and internal stakeholders to track performance, identify issues, and advance key property objectives.
- Oversee the delivery of property management and related services, identifying opportunities to improve performance, enhance asset value, and support returns.
- Support acquisition and disposition activity on an as-required basis, including diligence coordination, asset-level analysis, and transition planning.
- Coordinate the development and execution of retail property leasing plans, working closely with leasing teams and the brokerage network to maintain productive, qualified relationships.
- Represent KingSett in day-to-day dealings with Property Managers, Leasing Agents, Consultants, Governmental Authorities, and other key stakeholders, escalating material matters and recommendations as appropriate.
- Work closely with Development Managers to review tenant improvement plans, construction contracts, and capital projects, supporting the approval process and ongoing project monitoring.
- Review reports, budgets, forecasts, and other materials prepared by Property Managers, ensuring accuracy, completeness, and alignment with asset objectives.
- Assist with environmental, insurance, risk management, and liability matters,
ensuring issues are tracked, documented, and advanced with the appropriate internal and external partners.
- Partner with property managers on monthly performance reporting, annual budgeting, budget monitoring, and long-term planning for major capital projects.
- Prepare comprehensive internal reporting on asset performance, including operations, leasing, marketing, capital initiatives, and relevant market outlook commentary.
CANDIDATE PROFILE
- Undergraduate degree in business, real estate or a related discipline.
- 6-8 years of relevant experience in retail real estate, asset management, leasing, property management, investments, or related disciplines, with exposure to leasing, operations, budgeting, and financial analysis.
- Experience working with enclosed malls, open-air centres, and/or high street retail assets is considered an asset.
- Demonstrated ability to identify value creation opportunities, develop recommendations, and support execution through collaboration with internal teams and external stakeholders.
- Strong financial acumen, including comfort with budgets, recoveries, operating statements, capital planning, and asset-level performance metrics.
- Advanced proficiency in Excel, with strong skills in Word and PowerPoint, and the ability to prepare clear analysis, reporting, and presentation materials.
- Adaptable, organized, and decisive, with the ability to manage multiple priorities, pivot quickly, and perform under pressure.
- Analytical and commercially minded, with a collaborative approach, sound judgment, and a strong ownership mentality.
- Excellent verbal and written communication skills, with the ability to engage effectively with property teams, brokers, consultants, and senior internal stakeholders.
COMPENSATION
Base salary range of $140,000-$160,000.
Total compensation includes salary, variable discretionary bonus, benefits, & other perks
KingSett Capital is committed to accommodating applicants with disabilities throughout the hiring process, in accordance with the Accessibility for Ontarians with Disabilities Act (AODA).
📌 Director, Retail Asset Management (Toronto)
🏢 KingSett Capital
📍 Toronto