Associate – Real Estate Development
Downtown Toronto – hybrid (Fridays from home)
$100,000-$110,000 base plus 10% bonus and a lucrative profit-sharing piece
Our client is a growth-oriented real estate development firm in downtown Toronto. The company is adding this brand-new position to the team where you will own the proformas for 10+ mid- and high-rise projects in the GTA. Post acquisition, the project will move to your division and you will have full financial responsibility for a number of interesting projects.
Responsibilities:
- Take charge of development models and proformas for ongoing real estate projects, ensuring proactive management from acquisition to project completion to mitigate risks and maximize returns.
- Oversee monthly updates on proformas, equity requirements, property tax payments, loan renewals, and insurance expirations.
- Run various proforma scenarios to evaluate different project outcomes (e.g., sales launch date, additional height, unit mix) and determine the best approach.
- Provide regular updates to the investment committee on project budgets, incorporating feedback from finance, construction, development, sales, and consultants.
- Participate in critical decision-making and project management meetings throughout the entire development cycle (planning, design, sales, permits, construction, and delivery phases).
- Review and assess legal documents (e.g., LOI, DM Agreements, JV Agreements, loan documents, fee proposals) and ensure financial models accurately reflect the agreements.
- Monitor market conditions to identify opportunities to maximize returns or mitigate risks.
- Manage the forecasting process, ensuring financial models remain aligned with market realities and departmental input.
- Critically analyze progress draw reports.
- Consolidate and organize project information, including financial summaries, for quarterly or monthly investor reporting.
- Maintain high financial modeling standards, focusing on prudent leverage and minimizing exposure to risks.
- Identify and address project risks (e.g., budget overruns) and provide operational insights to resolve issues.
- Mentor and support the Senior Analyst.
Qualifications:
- Minimum of 2-3 years of relevant experience with real estate finance, development or project management
- Experience conducting asset management and financial analysis for development projects using advanced models in MS-Excel
- Experience developing and maintaining budgets, project proformas, cash flow projections and financial reports
- Strong understanding of development financing (typical financing structures at various stages of development) and land economics.
If you are interested in learning more about this opportunity, please apply now by sending your resume to [email protected]. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.