Full-Time

Operations Manager

OMERS

OMERS

Manages defined-benefit pension plan assets

Compensation Overview

$105k - $130k/yr

+ Incentive Plans

Newmarket, ON, Canada

In Person

Category
Facilities Operations (2)
,
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • A minimum of 5+ years of operations management experience in a large and complex commercial or retail property.
  • Must have experience managing a large multi-faceted team, including experience working or negotiating with contract staff unions and third-party unionized employees.
  • Excellent tenant, landlord, and public relations skills.
  • FMA, BES, or Registered Professional Architect (RPA) designation is an asset.
  • Contract management experience (for example HVAC, cleaning, security) is strongly preferred.
  • Previous experience with electrical and mechanical systems including heating, ventilation and air conditioning and life safety systems.
  • A high level understanding of tenant building construction design and construction build outs.
  • Strong computer skills including Microsoft Office; Excel, Outlook, Project, Word.
  • Excellent time management skills.
  • The ability to thrive in organizations that constantly evolve and adapt while embracing collaborative sharing of knowledge within a dynamic, team oriented environment.
  • Flexibility with working hours to meet the needs of staff and property.
  • Ability to understand and execute on energy saving projects.
  • Familiarity with sustainability programs strongly preferred (for example LEED, BOMA Best).
  • Good understanding of government regulations.
  • Knowledge of blueprints, construction drawings and schematics interpretation.
  • Contract and Request for Proposal experience.
  • Good understanding of Shopping Centre or Commercial Real Estate accounting principles and lease documentation.
  • Strong team and culture building skills.
Responsibilities
  • Managing operating costs by developing the annual operating budget, as well as monthly accruals, and quarterly forecasts.
  • Managing third party contract relationships (e.g. Snow Removal, Landscaping, etc.) for satisfactory performance and accuracy of invoices, ensuring timely approval, cost allocation, expense forecast and variance analysis.
  • Conducting regular building inspections and supervising preventative maintenance programs and systems, identifying practical cost-effective solutions.
  • Analyzing utility consumption by ensuring timely allocation of costs, monitoring tenant and building systems consumption, investigating discrepancies and implementing sustainable operating practices.
  • Ensuring all HVAC equipment operates at maximum efficiency by implementing clear and concise operating procedures.
  • Implementing energy management programs and retrofitting of building elements.
  • Creating, managing, planning, and executing capital improvements, including budgeting, tendering, project management, 10-year planning; forecasting, etc.
  • Maintaining positive tenant relationships, ensuring that tenants receive services as outlined in their respective lease and other related operational concerns.
  • Partnering with the Security Manager to coordinate internal environmental, health and safety policies and ensure MSDS sheets are always maintained and valid.
  • Overseeing the upkeep and improvement of the property’s physical aspect and curb appeal.
  • Managing the performance of all staff allocated to the operations department by fostering and maintaining positive employee relations, including promotions and dismissals with input from Human Resources, providing regular employee feedback, assisting with training needs, and reviewing/maintaining schedules.
  • Responsible for the implementation of health and safety, fire, emergency and environmental procedures and abide by governmental statutes and regulations.
  • When necessary, work with the Development Team by regularly attending meetings with architects, consultants, project managers & designers as it relates to major additions to the Shopping Centre and future residential and mixed use development projects.
  • Presenting to various internal and external clients on all aspects of the role and the operations of the centre.
  • Work collaboratively with Unions representing external contract staff and trades workers.
  • Liaise and build strong partnerships and relationships with York Region building staff and inspectors as well as Emergency Services/Fire Inspectors.
  • Other duties required by management from time to time.
  • Partnering with the Retail Design and Construction (RDC) team, and working with the Upper Canada Mall Project Manager to assist with design and construction functions including project management, coordination of drawing review packages, engineer and consultant meetings, approval and permitting, attendance at construction site meetings, participation in final inspections, and administration.
  • Directing the Project Manager, coordinate onsite tenant construction works, ensuring correct protocol to Oxford standards (Tenant Construction Manual / Design Criteria) are met and as-built documentation is provided and filed.
  • Reviewing and approving tenant construction drawings, monitoring progress periodically ensuring work performed meets Oxford and base building EH&S/OH&S policies and standards as well as industry standards.
  • Assisting RDC and the Project Manager with respect to Landlord and Tenant Work, including the review and approval of structural, electrical and mechanical services.
  • Participate actively in the Fire Safety Plan and emergency response by ensuring the operation and maintenance of the fire and life safety systems, including emergency power systems in accordance with applicable codes.
Desired Qualifications
  • Familiarity with sustainability programs strongly preferred (e.g. LEED, BOMA Best).
  • Contract management experience with third party vendors and unions could be considered desirable depending on context.
  • Experience with energy saving projects and energy management initiatives could be considered desirable.
  • Experience with Project Management software and construction documentation review might be desirable.

OMERS is a large Canadian defined benefit pension plan that administers pensions and manages investments for active, deferred, and retired employees of Ontario municipalities, school boards, libraries, police and fire departments, and other local agencies. It is funded by member contributions and investment returns, with OMERS handling member records, retirement benefits, and pension payments while investing to grow the fund for future payouts. It stands out as one of Canada’s largest defined benefit plans by net assets (about C$138.2 billion as of Dec 31, 2024) and has a long history, with offices around the world supporting a diverse asset base. Its goal is to provide secure, sustainable retirement benefits for its members while prudently investing the fund to maintain long-term financial strength.

Company Size

N/A

Company Stage

N/A

Total Funding

$69.9M

Headquarters

Toronto, Canada

Founded

1962

Simplify Jobs

Simplify's Take

What believers are saying

  • Germany's fiber rollout accelerates to 77-79% gigabit coverage, boosting Glasfaser stake.
  • A$10 billion Australia milestone since 2014 Sydney office diversifies Asia-Pacific exposure.
  • 6% return in 2025 with $8.2 billion gain fuels infrastructure and private equity deployments.

What critics are saying

  • Deutsche Glasfaser's €7 billion debt erodes returns on OMERS' €9 billion total exposure.
  • Two senior infrastructure leaders depart, disrupting execution on €4 billion Glasfaser commitment.
  • 2.2% first-half 2025 return trails 2% CPI pension adjustment, straining funding ratio.

What makes OMERS unique

  • OMERS deepens European infrastructure via €5 billion Deutsche Glasfaser refinancing in April 2026.
  • Appoints Luca Lupo as Europe head in March 2026 to lead origination and portfolio management.
  • Names Alexander Fraser from Temasek as private equity global head in 2026.

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Benefits

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Company News

Mobile Europe
Apr 21st, 2026
Germany's largest altnet offered funding as it struggles with €7bn debt.

Germany's largest altnet offered funding as it struggles with €7bn debt. 21 April 2026 Canadian pension fund Omers and private equity group EQT have jointly offered another €5 billion - they are already investors in the altnet. The Canadian pension fund Omers and private equity group EQT offered to put an additional €5 billion into the German altnet firm Deutsche Glasfaser. The Financial Times reports [subscription needed] that the broadband provider is heavily indebted and in danger of being seized by lenders. The two have already invested €4 billion in Glasfaser., which has debts of more than €7 billion gross debt. They had put forward a refinancing deal last December but creditors rejected it. Unnamed sources suggest the new deal could be sealed this week. It is preferred to the previous offer as it shifts more debt to the 'holding company' some of the same sources added. Germany still playing catch-up Germany, along with the other major economies such as the UK and Italy (but not France) was a laggard in the fibre broadband stakes, but has accelerated the roll-out in the last few years. Although full FTTH/B coverage is still behind some EU counterparts, Gigabit speed connectivity is available to 77-79% of households using various technologies such as copper, cable and fixed wireless access for the final link into customers' premises. The big three Glasfaser was set up in 2011 and is Germany's second-largest fibre broadband provider, serving more than 2.6 million homes. Its focus is rural and suburban areas, but has almost halved its target of premises passed by 2032 from 6 million to 3.2 million having failed to attract enough customers - retail and wholesale. Deutsche Telekom is the largest provider of fibre broadband in Germany, both in terms of network infrastructure and active customers, having passed more than 12 million households and businesses. In January it announced it has exceeded coverage of more than half of Germany's permises and says that by 2027, it aims to pass 17.5 million homes. Vodafone Deutschland claims to have the largest full fibre netork in Germany and offers fibre broadband to more than 11 million households through a combination of its own infrastructure, a joint venture called OXG Glasfaser, and through wholesale partnerships with Deutsche Telekom and Deutsche Glasfaser. OXG was launched by Vodafone and Altice in 2023.

Yahoo Finance
Apr 6th, 2026
Canada's largest pension funds report steep PE losses despite sophisticated management

Canada's largest pension funds have reported weak private equity performance for 2025, but consultant Alexander Beath argues the poor results may reflect flawed benchmarking rather than actual underperformance. Ontario Teachers' Pension Plan recorded a 5.3% loss on its PE portfolio, whilst Ontario Municipal Employees Retirement System saw a 2.5% loss. Caisse de dépôt et placement du Québec's buyout portfolio returned just 2.3%, missing its benchmark by over 10 percentage points. Healthcare of Ontario Pension Plan gained 0.6%, whilst Alberta Investment Management Corporation's PE portfolio returned 3%. Beath contends these pensions measure PE performance against benchmarks heavily weighted towards large-cap stocks, particularly the Magnificent Seven, which saw massive 2025 returns. This makes PE appear worse by comparison, despite industry-wide headwinds from slow dealmaking and valuation declines.

Benefits Canada
Mar 24th, 2026
OMERS appointing Luca Lupo as senior managing director and head of Europe.

OMERS appointing Luca Lupo as senior managing director and head of Europe. * By: Staff * March 24, 2026 * 11:00 The infrastructure arm at the Ontario Municipal Employees' Retirement System is appointing Luca Lupo as senior managing director and head of Europe, effective immediately. Lupo joined the OMERS in 2022 as part of the infrastructure team. In this new role he will lead the regional team based in London and will oversee regional origination activities and the platform's management of its investments in Europe, according to a press release. In addition to his knowledge of the European markets and the investment organization's portfolio, Lupo is highly respected by portfolio company management teams, advisers and investment partners, said Michael Hill, executive vice-president and global head at the OMERS Infrastructure, in a press release.

FinancialContent
Sep 30th, 2025
B. Riley Financial | Diversified Financial Services Platform

B. Riley Financial, Inc. (

OMERS
Apr 3rd, 2025
OMERS and Oxford Properties are proud to be ranked in the Top 10 Best Workplaces(TM) in Canada!

In a competitive field of major Canadian companies, OMERS and Oxford have been recognized as #7 on this year's Best Workplaces(TM) list compiled by the Great Place To Work(R) Institute.