06 Sep
|
KingSett Capital
|
Toronto
06 Sep
KingSett Capital
Toronto
KingSett Capital is seeking a Vice President, Retail Asset Management to join the Toronto team. Reporting to the Senior Vice President, Retail and Asset Resilience, you will oversee the value creation strategies on a property-by-property basis for KingSett’s retail portfolio.
LOCATION
ROLE RESPONSIBILITIES
- Provide strategic portfolio and property planning, including direct engagement in leasing, operations, AR, marketing, community, and amenity programs including making recommendation on leasing contracts and property operations.
- Assist in the preparation of the Annual Portfolio Plans and reviewing and approving Annual Property Budgets; and managing operating capital for long-term asset preservation.
- Conduct monthly property reviews to ensure timely delivery of property results and alignment and advancement of key property objectives.
- Ensuring the delivery of property management services and other services to increase property values and returns.
- Support the acquisition and disposition of Properties on an as required basis.
- Oversee the negotiation and execution of all retail property leases. Work closely with the brokerage network to build productive, professional relationships.
- Act as KingSett’s designated representative in most dealings with Property Managers, Leasing Agents, Consultants, Governmental Authorities, and other key individuals; Recommend the appointment of the Property Manager for each of the properties and coordinate and supervise the performance of all such services.
- Work closely with the team’s Development Managers through the review and approval process for all contracts for construction of tenant improvements and other projects.
- Review in detail any reports, budgets, or other information prepared by Property Managers.
- Manage environmental matters, risk and liabilities and assist with insurance and other risk management ensuring, without limitation, that the properties are insured.
- Oversee property managers as they develop monthly performance reports and manage annual property budgets; monitor budgets on a regular basis to ensure that they are maintained; and, develop long-term plans for major capital projects.
- Oversee preparation of comprehensive internal reporting on all facets of the assets (operations, leasing, marketing, capital) and including market outlook.
CANDIDATE PROFILE
- Undergraduate degree in business, real estate or related field.
- 12+ years of experience in retail within the real estate industry, with an established track record, including exposure to leasing, operations and solid understanding of financial concepts such as recoveries.
- Experience working on enclosed malls, open air and high street retail assets.
- Proven experience in identifying value creation opportunities and building relationships with external stakeholders.
- Advanced proficiency in Excel, with strong skills in Word and PowerPoint.
- Adaptable, organized, and decisive, with the ability to manage multiple priorities, pivot quickly, and perform under pressure.
- Strategic, analytical thinker with collaborative mindset and ownership mentality.
- Excellent verbal and written communication and presentation skills across all levels.
COMPENSATION
Base salary range of $170,000-$190,000.
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).
📌 Vice President, Retail Asset Management (Toronto)
🏢 KingSett Capital
📍 Toronto