Overview
We are a rental housing company dedicated to providing an exceptional rental experience to every resident who makes one of our houses or apartments their home. We believe that quality rental housing can unlock life's potential, and this drives our thinking and our actions every day.
Founded in 1988 and listed on the Toronto Stock Exchange (TSX: TCN), Tricon owns over 30,000 single-family and multi-family rental homes across the United States and Canada, which we manage using an integrated technology-enabled operating platform. We are headquartered in Toronto, Ontario and have significant operations in Orange County, California, as well as approximately 20 other markets with a primary focus in the U.S. Sun Belt.
We strive to be North America's premier rental housing company. Our business philosophy involves taking care of our team first - empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family. This is how we continue to grow, and it is an approach that has proven to generate positive returns for our investors and shareholders.
Job Summary
The Manager, Asset Management position will report directly to the Director, Asset Management and works collaboratively with many constituents inside and outside the organization to identify and execute strategies to optimize overall portfolio performance across the different business lines.
Responsibilities
- Manage a variety of projects from inception to implementation and provide transactional oversight
- Coordinate internal and external management efforts to optimize property tax appeals, ancillary revenue offerings, and property dispositions
- Work directly with the acquisitions and dispositions teams on underwriting investments and making hold/sell recommendations when appropriate
- Review and monitor pipeline of properties being considered for sale/disposition by collecting data from appropriate sources to asset in strategic decisions to optimize the portfolio
- Oversee multiple transactions at one time ranging in size from one to several hundred homes
- Lead department initiatives independently, while also working well with team members across the organization
- Perform diligence through desktop reviews and engaging with 3rd party vendors on new ancillary revenue initiatives and organize findings
- Develop and maintain relationships with entities outside of Tricon to drive future growth opportunities
- Improve and assist in developing department reporting on key performance metrics for management
- Monitor and provide analysis on monthly, quarterly, and yearly financial and operational reports
- Regularly prepare and distribute reports/statements on progress of key initiatives
- Review and collaborate on budget preparation related to various department forward looking projections as well as quarterly valuation updates
- Prepare and analyze financial and operating metrics to identify improvement opportunities related to portfolio performance
Qualifications
- Comfortable creating financial analyses and PowerPoint presentations to support findings and recommendations
- Demonstrate and support the organization's ethics and values and foster teamwork
- Strong communication skills and ability to convey objectives through email, conversations, and presentations
- Self-motivated, focused on continual development, high performance, and accountability
- Ability to work well in a fast paced, dynamic environment, and flexibility to adapt to changing priorities
- Excellent interpersonal and communication skills; ability to interface with top level executives
- Experience with typical real estate valuation and analysis metrics used to measure success and identify risks
Requirements
- Bachelor's degree from four-year college or university; and related experience and/or training
- 3-5 years of financial, property management or real estate experience
- Knowledge of the real estate industry; multifamily or single family residential real estate
- Previous real estate asset management experience is preferred
- Excellent communication skills both written and verbal.
- Experience in MS Excel, PowerPoint, and Word; familiarity with Yardi a plus
- Ability to meet deadlines and juggle multiple projects
- Must be detailed-oriented and a self-starter