If your real estate expertise includes negotiating the lease or sale of commercial, industrial, institutional and residential properties and vacant land, this role with the City of Toronto Real Estate Services Division is for you.
Reporting to the Manager, you will perform valuations and conduct negotiations for the leases, sales and/or purchase of surplus property resulting in the completion of real estate transactions, including sales, leases, licences, land exchanges, easement permissions and consent agreements.
Your primary responsibilities as a Property Officer will be varied, but you will be expected to:
- Prepare appraisals of real property, including leasehold and leased fee, strata and easement interests.
- Conduct economic and feasibility studies, including using the Discounted Cash Flow (DCF) technique.
- Assess/evaluate appraisal reports, real estate development feasibility studies and other reports prepared by private consultants.
- Evaluate elements of compensation, i.e. goodwill, value to the owner, in accordance with the provisions of the Expropriation Act and make recommendations.
- Inspect property to determine location, type of construction, condition, functional design, take measurements and pictures, and obtain information from departments and outside sources regarding planned use, cost of services, zoning by-law restrictions, and costs.
- Negotiate with the general public, agents, solicitors, business/industrial corporations, developers and officials of all levels of government and make recommendations as to price, terms and conditions, etc., for leasehold acquisition by purchase or expropriation or disposal of a wide variety of real property interests.
- Respond to enquiries from other divisions, tenants, real estate agents, the public and elected officials.
- Represent the Division and provide appraisal and/or consulting input at meetings with community groups, property owners, Councillors, and City staff.
- Represent the City at tribunals, arbitration hearings, mediations and the Ontario Municipal Board as an expert witness, as well as prepare submissions for, and appear as a witness at, hearings, mediations and tribunals.
- Coordinate and attend meetings with Departments, Boards and Commissions, and community groups for the purpose of presenting advice on real estate matters and City policy.
- Prepare appraisal reports and conduct feasibility studies on City-owned properties by researching, analyzing data, projecting future financial potential, to produce a proposal call or recommend a course of action, and prepare similar studies on private properties re proposed acquisitions by City.
- Represent the Division’s real interests in City-wide planning, negotiation, priority-setting and decision processes to ensure consistency with divisional responsibilities, objectives and other contractual requirements.
- Prepare draft reports for Council, Committees, Departments and Agencies.
- Maintain records of transactions in progress.
- Identify real estate issues, and market trends and assist in the development of real estate appraisal policy and processes.
- Verify Agreements of Lease, Purchase and Sale, and arrange for, and review, independent appraisals.
Your application for the role of Property Officer 1 must describe your qualifications as they relate to:
- Post-secondary education in Real Estate, Business and/or Economics with relevant experience in leasing/sales and other realty transactions, or an equivalent combination of education and experience.
- Extensive experience in, and knowledge of, negotiating the rental or sale of commercial, industrial, institutional and residential properties and vacant land.
- Extensive experience in negotiating revenue-generating transactions, including, but not limited to, licences, partnership arrangements, revenue-sharing opportunities, advertising, joint ventures, public private partnerships or equivalent.
- Extensive experience with developing business cases and financial analysis.
- Extensive experience in, and knowledge of, financial and accounting concepts such as Discount Cash Flow (DCF), Net Present Value (NPV) and Internal Rate of Return (IRR), and the ability to build or review financial models.
- Experience and proficiency using computers and a variety of software packages such as Microsoft Office Suite (i.e. MS Word, Excel, PowerPoint).
- Experience with developing or implementing operational effectiveness and efficiency of a team or business unit such as process improvements.
- A valid Ontario Driver's Licence, Class G.
You must also have:
- Ability to lead and execute leasing/sales and other types of real estate transactions to full completion with minimal supervision, and to think independently and as an "owner" to obtain the best business terms and agreements.
- Strong communication skills, both orally and in writing, at a professional level with senior management, consultants, staff, elected officials and the public.
- Knowledge of land building values in and around the GTA and familiarity with real estate market trends and activities.
- Strong analytical, problem-solving and negotiating skills.
- Thorough knowledge of the Municipal Act, Municipal Code, zoning and property standards, regulations and by-laws, as it relates to municipal real estate.
- Ability to prioritize competing demands and manage ongoing project files.
- Ability to exercise independent judgement and discretion in dealing with confidential matters.
- Thorough knowledge of, and experience applying, municipal real estate practices and principles of property valuation.
Wage Range: $46.57 - $51.01 per hour
Work for the City you love
Toronto is Canada’s largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. Consistently ranked one of the world’s most livable cities, we are a global centre for business, finance, arts and culture, and are proud to be the Host City for the 2017 Invictus Games. Join the award-winning Toronto Public Service as a Property Officer 1 within our Real Estate Services Division.
How to Apply:
For more information on this and other opportunities with the City of Toronto, visit us online at www.toronto.ca/jobs. To apply online, submit your resume, quoting File #2268634 X, by April 14, 2017.
Please note that all applicants are encouraged to provide a valid email address for communication purposes. Applicants may receive written correspondence regarding this job posting directly to the email address provided on their resume or to the one used to set up their Candidate Profile if applying on TalentFlow. As an applicant, it is your responsibility to ensure that you check your email regularly.
The City of Toronto is committed to fostering a positive and progressive workforce that is representative of the citizens we serve. We will provide equitable treatment and accommodation to ensure barrier-free employment. In accordance with the Ontario Human Rights Code, the Accessibility for Ontarians with Disabilities Act and the City of Toronto's Accommodation Policy, a request for accommodation will be accepted as part of the City's hiring process.
If you are invited to participate in an assessment process, kindly provide your accommodation needs in advance. Please be advised that you may be requested to provide medical/other documentation to Human Resources to ensure that appropriate accommodation is provided to you throughout the hiring process.