Fengate Asset Management Looking for Vice President, Portfolio Management at Toronto, Ontario, Canada Full Time

Company Overview

Fengate Asset Management (“Fengate”) is a leading alternative investment manager focused on infrastructure, private equity, and real estate strategies. Founded in 1974 in Hamilton, Ontario, and currently with offices in Ontario and Texas and 230+ team members across North America, Fengate has built success and a trusted reputation with investors and industry partners. The firm currently manages over $8B in capital commitments from more than 50 institutional investors, and more than $35B in assets.

The firm believes that acting responsibly to its stakeholders and communities is fundamental. Fengate is a signatory of both the Institutional Limited Partners Association (ILPA) Diversity in Action initiative and the United Nations-supported Principles for Responsible Investment, integrating environmental, social, and governance (ESG) principles into all stages of the firm’s investment process. In 2021, Fengate established its ESG Committee and its EBID (Equity, Belonging, Inclusion, and Diversity) Think Tank, consisting of leaders and employees of all backgrounds and levels throughout our firm, to advance and govern our ESG and EBID objectives.

Fengate has achieved Platinum Club member status as one of Canada’s Best Managed Companies, retaining this designation since 2007, and has been certified as a Great Place to Work®. Over the past year, Fengate was named as one of Canada’s Best Workplaces™ and recognized as a Best Workplace™ for Financial Services & Insurance, Inclusion, Women, Today’s Youth, Professional Development, and Ontario.

The firm has also been recognized with Waterstone Human Capital’s 2022 Canada’s Most Admired Corporate Cultures™ award. This program recognizes best-in-class Canadian organizations for having cultures that have helped them enhance performance and sustain a competitive advantage. Only 50 organizations are awarded this prestigious corporate culture award each year.

Areas of Business

• Real Estate – Since 1974, and with 20 years of experience managing institutional capital, Fengate Real Estate has been developing and managing real estate assets across commercial and residential asset classes and the risk-return spectrum. To-date, Fengate Real Estate has completed over 75 property and investment transactions, which total more than C$11 billion of competed value, including C$4 billion under development.
• Infrastructure – In 2006, Fengate established its first infrastructure fund with a mandate to invest in infrastructure investments in Canada. Today, Fengate has invested in over 45 infrastructure assets which total more than C$20 billion of total enterprise value in the social, transportation, energy transition, and digital infrastructure sectors in Canada and the United States.
• Private Equity – In 2016, Fengate launched its private equity platform to provide growth capital and partner with entrepreneurs to create lasting positive change in their businesses by realizing their growth ambitions. To-date, Fengate Private Equity has made eight investments, 20 add-ons and exited three businesses delivering top-quartile performance.

Position Description

The Vice President of Portfolio Management will be responsible for maximizing the commercial value of Fengate’s real estate assets. Working closely with both the President, Real Estate and Managing Director, Development and Portfolio Management, this individual will be responsible for the overall health of the portfolio and will oversee investment strategy, portfolio construction, assets, and risk management.

This is a senior level role that requires a strong ability to assess and act upon fund wide risk exposure, market trends, project specific opportunities/challenges, and changing investor requirements.

Key Accountabilities

• Collaborate with the Investments and Development teams to recommend and implement fund strategies (geographic, asset mix, debt/equity, volume/absorption/construction considerations, etc.) for Fengate’s Master Development which includes four development funds and one land entitlement fund.
• Establish annual portfolio level allocation targets and fund strategies to optimize returns for investors.
• Working alongside Finance, oversee internal and external reporting for the Master Development Fund and act as the primary liaison with development managers, development analytics team, and other stakeholders.
• Develop the long-term development and investment strategy of the Master Development Fund
• Oversee the development fund analytics team and ensure quality of underwriting and reporting for accuracy and consistency across the portfolio.
• Draw recommendations from financial, operational, quantitative, and quantitative considerations while working in concert with key leaders across Investments, Developments, Asset Management, Finance, Legal, and Investor Relations.
• Analyze project-specific opportunities to drive value and returns, aligning them with established portfolio priorities.
• Develop and modify procedures to enhance the performance reporting process and improve operational integrity.
• Implement a fund level debt strategy that balances risk and return of the underlying investment objectives.
• Ensure the funds, and underlying projects, are administered according to governing documents and approvals for decisions, as applicable.
• Develop and maintain positive working relationships as the portfolio liaison with all stakeholders involved in the investments including internal teams, consultants, industry associations, financial institutions.

Qualifications

The successful candidate will thrive in an entrepreneurial and high-growth environment and will have a strong ability to navigate through uncertainty and manage large land and development portfolios.

Key Competencies

• A minimum of 10 years of experience in residential real estate finance in a capital structure with a proven ability of building processes to source and underwrite complex investments.
• Strong real estate underwriting, analytical, and decision-making skills.
• In-depth knowledge of real estate market drivers, economic trends, new and future investment opportunities.
• Possess a high level of flexibility with the capability to work on several high priority issues at the same time.
• Capable of outside-the-box thinking and experience in non-traditional investment transactions.
• Strong interpersonal and communication skills, both written and verbal, with emphasis on relationship building skills within and outside of the Firm.
• Ability to manage teams in a hybrid reporting environment with multiple demands from different business segments.
• Ability to work collaboratively with cross-functional teams, building consensus, communicating effectively and contributing to a positive, growth-oriented work culture.

Education

Bachelor’s degree in business, finance, accounting or related field; Relevant post-graduate degree, i.e., MBA, CPA (CA), CFA, or CBV is considered an asset.

Core Fengate Competencies

• Business Focus and Strategic Thinking: You display an understanding of Fengate’s as well as the investment project’s business and strategy. You recognize and reinforce how Fengate differentiates itself in the marketplace.
• Teamwork and Collaboration: You are approachable and supportive of team members and are committed to ensuring the team is successful. You actively participate in team activities and projects.
• Driving for Results: You take initiative to manage your work and performance and do not require close supervision. You consistently produce high-quality output.
• Problem Solving and Decision Making: You recognize challenges and opportunities and determine whether action is needed and prioritize activities in terms of impact.
• Communication: Clear, concise, and directly communicate ideas, information, and directions both verbally and in writing.

Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace. It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in.

We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs.

SE# 510645477