Manager, Real Estate Investments (Value Add Fund)

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About Nicola Wealth:

We have a lot to be proud of at Nicola Wealth. Our sophisticated financial planning, our diversified private investment funds and their exceptional performance, our 99% client retention rate and our award-winning culture, combine to position us as a national leader in wealth management. Recognized as a Best Managed Company and one of Canada’s Top Employers, we are dedicated to upholding our firm’s values through this phase of significant growth.

By bringing together smart, dedicated and supportive colleagues from diverse backgrounds, we deliver extraordinary client service in a values-driven work environment. The collaboration, creativity and entrepreneurial spirit we were founded on provides the opportunity for you to make a real impact and build a rewarding career. We are passionate about our business, our culture and investing deeply in your growth and development to build for the future. If you have this same drive, then let’s talk!

Purpose of the Role:

This is an exciting opportunity to join our high performing Real Estate team. As our Manager, Real Estate Investments (Value Add Fund), you will oversee Value-Add projects through their life cycle in major markets across Canada and the U.S. with a focus on analysis, fund-level reporting, dispositions, and project reporting. Be part of our growing, highly collaborative, and skilled team and manage a diverse portfolio of Value-Add projects in conjunction with our joint-venture partners.

This role is based in Vancouver at our downtown Real Estate office.

Core Responsibilities:

  • Manage and oversee the full life cycle of projects in the value-add fund across various asset classes including industrial, multi-family, and office, monitoring financial performance, liaising with partners and service providers, analyzing potential outcomes, and supporting project marketing, leasing, and dispositions.
  • Conduct detailed cash flow modelling and development proformas, research market data, trends, and comparable transactions.
  • Manage project level reporting and support fund level reporting.
  • Review co-owner agreements, development management agreements and construction management agreements, development proformas, job cost reports and cash flows.
  • Support the Value-Add team with all aspects of fund management, including pro forma review, sales tracking, disposition, and leasing analysis, as required.
  • Manage internal reporting requirements for dashboards, slide decks, presentations, and deal structure summaries.
  • Collaborate and liaise with internal and external stakeholders including the Real Estate Investment and Finance teams, Fund Accounting, leasing, and debt departments, along with partners, tenants, and brokerage community.
  • Work on cross-functional SWOT teams in partnership with the Development and Construction, Investments, Debt and Finance teams to execute on projects.
  • Assist with insurance and appraisals for the Value-Add portfolio.

Required Skills & Qualifications:

  • 5+ years of experience in the commercial real estate industry with exposure to a combination of industrial, office and multifamily properties in a fiduciary capacity.
  • Completion of a Degree or Diploma in Business Administration, Real Estate, or related discipline.
  • Has strong personal, presence and leadership skills working with partners, able to effectively represent Nicola Wealth with partners and developers.
  • A team player, you are collaborative with the capability to influence and build highly effective working relationships across multiple organizational levels, peers, and partners.
  • Very strong financial and analysis skills with specific strength in financial modelling and valuations
  • Strong analytical software applications skills (MS Word, Excel, PowerPoint, and Argus); experience with SharePoint and Yardi a plus.
  • Excellent organizational, attention to detail and time management skills.
  • Proven ability to think critically and problem solve proactively and effectively.
  • Some travel is required. Must have a valid driver’s license and access to a vehicle.
  • Must be legally eligible to work in Canada.

Compensation & Benefits Package:

This position comes with a base salary range of $110,000 - $140,000 plus a competitive performance bonus, RRSP contribution and participation in our profit-sharing program. Base salary will be commensurate with experience, skills and qualifications.

At Nicola Wealth, our people grow our business, delight our clients, and live our values every day. Our comprehensive compensation and benefits package reflects our appreciation for this commitment. Whether it’s participating in our profit sharing and benefit programs on day one, or the opportunity to participate in our share ownership program, our people are able to go beyond a conventional salary and bonus structure. To learn more about our complete package, visit: https://nicolawealth.com/total-rewards

Please include both a cover letter and resume in support of your application. We are an inclusive, equal opportunity employer. For more information about this and other roles: www.nicolawealth.com/careers.

It is our priority to remove barriers to provide equal access to employment. Should you require reasonable accommodation during the recruitment process please contact us at accessibility@nicolawealth.com and we will work with you to meet your needs. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Nicola Wealth policies.

Thank you for your interest in a career with Nicola Wealth!