Job title: Associate, Asset Management

Company: Manulife

Job description: We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

Job Description

This role is hybrid from our downtown Vancouver office.

The Associate, Asset Management, Western Canada, will play a key role within the growing Asset Management team, Western Canada region.

Each regional team is accountable for enhancing the value of client assets within the regional real estate portfolio. The team is responsible for creating, communicating and implementing asset business plans and measuring and reporting plan progress to senior management and clients. The Associate is responsible for financial modeling, analysis and reporting, and they will work closely with Asset Management Directors in overseeing leasing, property management and capital projects and contributing to other initiatives that aim to enhance asset performance.

Manulife Investment Management’s real estate team manages approximately 3 million square feet of real estate assets in British Columbia on behalf of both Manulife’s general account and third-party funds and accounts. Our Western Canada region includes a mix of office, retail, industrial and multifamily properties, ranging from core to value-add assets. Manulife Investment Management is expanding its real estate capabilities to meet evolving market opportunities, building a strong and diverse global culture as an entrepreneurial investment manager.

Responsibilities:

Provide financial analysis and support for asset-level decision-making and transactions.

• Conduct quantitative and qualitative analyses and reporting across the West Region portfolio, delivering forward-thinking analysis to support decision-making and strategy.
• Conduct and/or support analysis for evaluation of leasing opportunities, capital projects, and tenant credit. Develop and present findings for Senior Management and Portfolio Managers as required.
• Play an integral role in identifying market trends and extracting insights for the regional portfolio, contributing to market commentary produced by regional Asset Managers. Present and review with Senior Management and Portfolio Managers as required.

Support asset-level business plans and valuation models.

• Support Asset Manager coordination, production and presentation of annual business plans to Senior Management and Portfolio Managers.
• Build and maintain quarterly Argus models and support hold vs. sell analyses conducted by regional Asset Managers. Undertake model audits, quality assurance reviews, and support standard methodologies compliance.
• Assist in coordination of property management teams, leasing teams/agents, project managers, development managers and other collaborators to implement business plans.
• Coordinate appraisal review and commentary by regional Asset Managers and conduct variance analysis to external appraisals.

Support oversight of leasing, property management, and capital projects.

• Collaborate with leasing brokers, review LOIs, leasing documents, and outside broker listing agreements. As appropriate, participate in negotiation of leases and third-party contracts.
• Review and selectively audit asset-level financial reporting submitted from Property Managers, including capital commitment forecasts, expense recovery calculations, and funding projections. Oversee timeliness of Yardi financial and accounting information submitted from Property Managers.
• Assist on an ad-hoc basis on ongoing capital projects across the region.
• Evaluate and recommend how to achieve maximum utility and efficiencies from existing and/or potential technology tools and systems.

Knowledge/Skills/Competencies/Education:

• Bachelor’s Degree in business, finance, accounting or real estate management required.
• 2-5 years of experience within the real estate industry, preferably from one of the top real estate investment managers or capital markets brokerage firms.
• Network of industry contacts (investment and leasing brokers, investment manager competitors, investment bankers, institutional and non-institutional landlords).
• Strong knowledge of real estate investment, asset management, accounting and administration concepts. Experience working with real estate funds a plus.
• Ability to manage working with a range of collaborators to achieve objectives and deadlines. Ability to work as a great teammate and to develop strong working relationships across various groups and locations.
• Excellent influencing and communication skills. Sound analytical and problem-solving skills. Effective customer service and interpersonal skills. Strong organizational, time management and priority setting skills to meet tight deadlines.
• Strong analytical skills (both quantitative and qualitative). Strong risk assessment skills. Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks. Strong organizational and prioritization skills.
• Ability to develop investment strategies and provide recommendations for changes or enhancements to improve investment objectives. Ability to integrate top-down and bottom-up perspectives into investment recommendations.
• Ability to draw conclusions and prepare written findings and presentations. Ability to evaluate and determine property valuations and asset performance under a variety of scenarios. Excellent verbal and written communications skills in order to present to and work with senior management and external clients.
• Ability to juggle competing priorities and work under pressure to meet demanding response times, all while paying strict attention to detail.
• Focused and self-motivated great teammate who balances independent thinking with the execution capabilities and strengths of the rest of the organization.
• Advanced proficiency with Microsoft Excel and Argus Enterprise. Experience with real estate accounting systems required, experience with Yardi a plus.
• Some travel may be required.

What can we offer you?

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture

We lead with our Values every day and bring them to life together. * Boundless opportunity

We create opportunities to learn and grow at every stage of your career. * Continuous innovation

We invite you to help redefine the future of financial services. * Delivering the promise of Diversity, Equity and Inclusion

We foster an inclusive workplace where everyone thrives. * Championing Corporate Citizenship

We build a business that benefits all collaborators and has a positive social and environmental impact.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location Vancouver, British Columbia

Salary range is expected to be between $82,000.00 CAD – $122,000.00 CAD

If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

Expected salary:

Location: Vancouver, BC

Job date: Thu, 03 Aug 2023 07:05:09 GMT