Project Manager, Asset Management

City Of Toronto
Toronto, Canada
$93,256.80 - $109,564.00 / Year
Jul 27, 2017
Aug 27, 2017
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Project Manager, Asset Management


Job Classification Title                       PROJECT MANAGER CCOO

Requisition #                                       2279704

Division                                               Real Estate Services

Section                                                Leasing & Site Management

Work Location                                     METRO HALL, 55 JOHN ST

Job Stream                                          Project Management

Job Type                                             Temporary, Full-Time

Temporary Duration                            24.0 Months

Salary/Rate                                          $93,256.80 - $109,564.00 / Year

Hours of Work (bi-weekly)                  70.00

Shift Information                                 Monday to Friday; 35 Hours Per Week

Wage Grade                                         7

Affiliation                                            Non-Union

Job Code (PSG)                                  TM0903

Number of Positions Open                  1

Posting Date                                        26-Jul-2017

Expiry date                                          09-Aug-2017


Job Description


Major Responsibilities:

This unique PM role, focusing on multi-stakeholder initiatives at Union Station in Toronto, would be an exceptional career opportunity for a financial project manager working on commercial real estate projects or a seasoned asset manager with professional experience in a similar capacity.

As Project Manager / Asset Manager, you'll be a senior member of the City of Toronto's Real Estate Services Division, and be responsible for the overall management of the business relationships and operations of Union Station, to ensure that the City's varied interests are protected and the City achieves maximum value from this iconic asset. Reporting to the Manager, you will represent the Division and the City by drawing not only on your real estate experience and project management expertise, but also on your strong team- and consensus-building skills and your proven ability to work in a multi-stakeholder environment.


Your primary responsibilities as Project Manager - Asset Management will be varied. Specifically, you will:

  • Coordinate the activities of real estate, facilities management, security, design and construction, financial and administrative, legal and communications professionals to fulfill the mandate and responsibilities of the City.
  • Build strong business/working relationships with partners, contractors, tenants, Metrolinx and other stakeholders, including understanding their roles, responsibilities and requirements.
  • Negotiate complex agreements and arrangements, prepare business cases, and undertake appropriate planning, real estate, economic and financial analysis to support decision-making.
  • Manage a team of professionals in the research, analysis, examination and evaluation of agreements, information and City policy applicable to major real estate initiatives and projects.
  • Effectively manage projects and lead the project team and consultants, monitoring work output, and taking corrective action when necessary.
  • Consult, liaise and negotiate with staff of City agencies, boards, commissions and divisions, elected officials, community groups, other governments, and the private sector to achieve corporate goals and objectives.
  • Prepare terms of reference, and manage competitive bidding processes in accordance with City policy, procedures and guidelines.
  • Prepare detailed, timely reports to Committees of Council and briefing notes for senior management.
  • Prepare detailed project work plans and critical path schedules.
  • Inspect and supervise work in progress by real estate and divisional staff, ensuring that all work is executed in accordance with relevant legislation and guidelines.
  • Develop, prepare and monitor schedules, prepare graphs and maintain accurate records of development and budget on all assigned projects.
  • Direct consultants in the preparation of specifications and tender documents, edit reports and project documents for approved projects, and ensure that corporate interests are met in dealing with consultants, contractors and suppliers.
  • Establish and maintain a portfolio of information to support management information systems.
  • Provide estimating services for real estate initiatives, including establishing project budgets from minimal information at the feasibility stage, and controlling costs through the design stage to maintain the integrity of the established budget and ensure that the City receives the best value for its financial outlay.
  • Maintain an awareness of current trends, practices and directions in real estate, development, property management, asset management, and public-private partnerships.
  • Make presentations to Committees of Council, at community meetings and to senior management.
  • Complete assignments and projects in a professional, timely fashion, meeting deadlines and performing well under pressure.
  • Assist the Manager, as required, acting on Manager's behalf in his/her absence.


Key Qualifications:


Your application for the role of Project Manager - Asset Management (Union Station) must describe your qualifications as they relate to:

  • Post-secondary education in Business, Real Estate Asset Management, Accounting / Finance, Planning, Development / Engineering, Real Estate and/or Land Economics, with relevant experience, or an approved equivalent combination of education and experience. An Accounting designation and/or similar financial designation such as CFA and/or CBV, preferably with real estate experience, or postgraduate studies in Real Estate, an asset.
  • Strong project management skills and experience, including the ability to define and meet project purpose and objectives, undertake project activities, achieve milestones and deliverables, monitor and track progress, and communicate effectively with stakeholders.
  • Demonstrated strong working knowledge and understanding of property management, asset management, real estate development, land use planning and business planning, including technical, policy and intergovernmental aspects.
  • Extensive experience with, and knowledge of, financial and accounting concepts such as Discounted Cash Flow (DCF), Net Present Value (NPV) and Internal Rate of Return (IRR), to understand real estate analysis and be able to build or review financial models.
  • Highly developed analytical, problem-solving and negotiating skills.
  • Ability to exercise discretion and judgement and work independently, with a high degree of initiative and creativity in problem-solving.
  • Excellent written and oral communication, presentation and interpersonal skills, and the ability to work cooperatively in an interdisciplinary team.
  • Excellent organizational and consensus-building skills, with the ability to thrive in a multi-stakeholder environment.


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. Join the award-winning Toronto Public Service as a Project Manager, Asset Management 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 To apply online, submit your resume, quoting File #2279704 X, by August 4, 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.