Senior Financial Analyst - Real Estate
Location
Oakville, ON | Canada
Job description
About the Company
Our client is a leading real asset management firm. They are currently looking for a Senior Financial Analyst to join their team!
Why Work Here - Collaborative, supportive culture with ample opportunities to learn and grow
- Work for a fantastic boss and a great mentor that will help develop skills
- Comprehensive salary and benefits package
About the Opportunity - Carefully prepare and scrutinize quarterly and annual financial statements for the Master Development Fund, ensuring precision in note disclosures for internal management, investor communication, and year-end audits.
- Manage the consolidated entity's books for the Master Development Fund, overseeing capital subscriptions, commitments workbooks, line of credit utilization, and bank reconciliations.
- Execute day-to-day financial operations for fund investments within the Master Development Fund, handling tasks such as capital call notices, banking compliance, distributions, and intercompany transfers with meticulous attention to detail and a thorough understanding of cash flow.
- Maintain reconciliation workbooks for expenses and cash across various investors within the Master Development Fund.
- Collaborate with operations to grasp the status of development projects, address operational issues, monitor key milestones, construction costs, and other developmental aspects throughout the real estate life cycle
- Review, organize, categorize, and submit vendor invoices promptly for payment, while also managing cash for operating and facility accounts.
- Assist in setting up CRA accounts for new development projects and facilitate the preparation of Limited Partnership, Corporate, and Trust returns on an annual basis.
- Collaborate with the investments team, development team, and Finance to prepare quarterly investor reports detailing investment performance.
- Cultivate strong working relationships across various business units, actively seeking opportunities for the finance function to serve as a strategic business partner.
- Gain a comprehensive understanding of cash sources and uses related to deployed equity, partner equity, and debt.
- Identify trends in returns and promptly escalate instances of non-performance or performance below expectations to the appropriate management levels.
- Provide personal insights into asset performance, connecting operational matters, key milestone achievements, and/or development delays to shape expectations regarding returns.
- Address ad hoc investor reporting needs as they arise.
- Oversee, track, and offer value-added feedback on our overall capital allocation structure, taking into account deployed funds and those available for future deployment, including available capital for recycling.
- Comprehend the implications of changes in capital and distribution assumptions on fund returns, reporting note disclosures, and the impact on investors.
- Cultivate positive business relationships with the operations team, finance team, and other stakeholders.
- Recognize and implement continuous process improvements across various areas of responsibility.
- Provide support for ad hoc projects as needed.
About You - CPA designation or near completion
- 3+ years of relevant experience in the industry with desire to grow
- Experience working in the space of asset management, real estate, private equity, land development or construction teams is an asset but not required
- Prior experience with fund reporting (open or closed ended funds) is an asset but not required
- Strong Excel modelling skills, ability to construct professional PowerPoint presentations
- Strong understanding of statement of earnings, balance sheet, cash flows, IRR, ROIC, etc.
- Keen sense of how consolidated financial statements and note disclosures need to be presented and reviewed
- Strong understanding of accounting principles, ASPE, GAAP, etc.
Salary Range $85,000 - $92,000/year
Job tags
Salary
$95k per year
