Development Finance Analyst
- Employer
- University of Toronto
- Location
- Toronto, ON
View more
- Administrative Jobs
- Institutional & Business Affairs, Business & Financial Management
- Employment Type
- Full Time
- Institution Type
- Four-Year Institution
Job Details
The DevelopmentFinance Analyst will be integral to realizing the Four Corners strategy.Reporting to the Director of Real Estate, the Development Finance Analyst willprepare sophisticated financial models and underwrite all real estatetransaction activities on behalf of the University, including acquisition,development, (re)financing, and disposition of mixed-use projects involvingoffice, retail, residential, and/or industrial space. The Development FinanceAnalyst will participate in meetings with prospective investors andjoint-venture business partners, as well as prepare presentation materials forthe University’s Governing Council, various boards/subcommittees, and RealEstate Advisory Committee, which is comprised of high-profile industry leadersin Toronto.
The Real Estateteam is lean but ambitious, requiring the Development Finance Analyst toperform complex financial analysis within minimal supervision and managemultiple projects simultaneously. The Development Finance Analyst must alsopossess strong communication skills to contribute and effectively participatein key decision-making by senior management.
Major Activities:
- Create,maintain, and present sophisticated real estate pro forma models for eachdevelopment project, as well as a portfolio-level models that roll up cash flowand advise on the redeployment of capital over time
- Independentlyliaise with multiple divisions within the University and review leases,appraisals, brokers’ opinions, construction cost estimates, and otherdocumentation to ensure inputs and assumptions are accurate and up-to-date ineach model
- Modeland sensitize project and investor-level returns throughout acquisition,predevelopment, construction, stabilization, refinancing, and/or dispositionassuming various waterfall scenarios, and assist in buy/hold/sell analysis
- Preparefinancial and non-financial reports and presentations for internal and externalstakeholders, including marketing materials aimed at prospective investorsand/or partners
- Keepwell-informed of industry trends in real estate finance, development, construction,and property management
- Assistwith various portfolio management activities, including valuing theUniversity’s existing real estate holdings, using actuals to monitor propertyand portfolio-level performance, participating in meetings with joint venturepartners and potential investors, and analyzing proposed budgets, propertymanagement plans, leasing plans, and capital plans to create and enhance value
CampusMinimum qualifications
Education:
- Bachelor’s degree in business administration, accounting, finance, and/or real estate economics or a related field or equivalent combination of education and experience. Master’s degree an asset.
- Minimum five (5) years’ experience independently underwriting real estate transactions
- Minimum of one (1) year experience working within institutional environment
- Experience with creating and analyzing financial models and schedules
- Experience with tracking market data
- Experience in financial forecasting
- Experience in report writing including the ability to research, analyze quantitative and qualitative data
- Advanced skills in Microsoft Excel for financial analysis
- Advanced skills in MS Office: Word, PowerPoint and Outlook
- Intermediate skills with Argus Enterprise or Argus Developer
- Strong financial analysis skills
- Strong communication and interpersonal skills
- Strong organizational and time management skills to prioritize and multitask projects with competing deadlines
- Strong report writing and presentation skills
- Strong understanding of real estate finance and market fundamentals
- Ability to manage multiple priorities with tight deadlines
- Demonstrated ability to manage multiple projects effectively
- Ability to work independently and with team of professionals
- Ability to develop and maintain positive business partnerships with brokers, stakeholders, committees, real estate leaders
- Strong ability to work under pressure and independently with minimal supervision
Department: Real Estate
Campus: St. George (downtown Toronto)
Schedule: Full-time
Job Field: Finance / Budget / Planning / Audit
Job Posting: Oct 9, 2019
Job Closing: Oct 27, 2019, 10:59:00 PM
Organization
Established in 1827, the University of Toronto is Canada's largest university, recognized as a global leader in research and teaching. U of T's distinguished faculty, institutional record of groundbreaking scholarship and wealth of innovative academic opportunities continually attract outstanding students and academics from around the world.
U of T is committed to providing a learning experience that benefits from both a scale almost unparalleled in North America and from the close-knit learning communities made possible through its college system and academic divisions. Located in and around Toronto, one of the world's most diverse regions, U of T's vibrant academic life is defined by a unique degree of cultural diversity in its learning community.The University is sustained environmentally by three green campuses, where renowned heritage buildings stand beside award-winning innovations in architectural design.
U of T is one of Canada’s Top 100 Employers.
U of T is one of Canada's Best Diversity Employers.
Are you looking for a challenging, meaningful career in a supportive and diverse environment?
Work where the world comes to think.
Work where the world comes to discover.
Work where the world comes to learn.
Opportunities exist for people from a wide range of backgrounds, ranging from recent graduates to experienced senior professionals.
We offer challenging work within an open environment that celebrates diversity in all its forms. Our focus is on creating a positive work environment that attracts and retains excellent employees through a combination of competitive compensation, favourable working conditions, opportunities for career growth and development and a unique organizational culture.
Employees have access to:
- Excellent health and dental benefits;
- On-site support for training and career development;
- Flexible work arrangements;
- Childcare subsidy;
- Tuition waivers;
- Scholarships and/or tuition waivers for dependants;
- Generous paid time off;
- Support on equity and diversity issues;
- On-site child care;
- University Pension Plan;
- Subsidized athletic facility membership;
- World-renowned libraries;
- Confidential counselling services;
- Parking and TTC Metropasses;
- Employee and Family Assistance Plan;
- Continued health benefits for pensioners.
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