Associate Vice President, Investments – Real Estate Development
Downtown Toronto, ON – 5 Days a Week in Office
$1500,000 – $160,000 Base Plus $80,000 – $100,000 Bonus and Competitive LTIP
Our client is an established and growing real estate private equity firm with investments across North America. They are looking for an Associate Vice President of Investments for this exciting position in the dynamic department. The plan would be to have you join at this level and within two years, hopefully move up to the VP of Investments and Asset Management. This position will be instrumental in strategically evaluating new investment opportunities, offering someone a great opportunity to assist in sourcing and structuring new investments and monitoring the existing real estate portfolio.
The AVP will be responsible for a number of active investments and will directly work with JV partners to understand the plans, status and financial performance of the projects while making key decisions with the partners’ senior management teams. You will be responsible for updating the financial pro formas regularly, presenting financial and strategic updates to the executive team and preparing semi-annual investment reports for the large number of investors. The AVP will lead a team of analysts and associates and play a key mentoring role for their development. We will expect this candidate to come with several years of real estate development finance and investments experience.
Responsibilities:
- Support and manage a portfolio of active residential developments projects
- Participate in underwriting new investment opportunities to acquire land and develop residential assets.
- Maintain strong acquisition standards
- Oversee the execution of development plans for active development projects from acquisition to completion of the development or disposition taking a proactive and “hands-on” approach to managing risk and maximizing returns on all projects. Typically, Associate Vice President manages between 5 to 7 investments.
- Participate in all key project decisions and critical project management meetings through the entire development life cycle (planning, design, sales, permits, construction and delivery phases) to ensure the project is delivering on time and on budget.
- Review, critically assess and prepare project cash flows and pro forma financial projections
- Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk.
- Prepare advanced financial analyses to assist senior management in the evaluation of various real estate decisions at different stages throughout real estate development cycle.
- Conduct budget-to-actual variance analysis for existing projects; ongoing budget management; in-depth understanding of costs incurred vs. cost to complete. Creating cash flow models, sensitivity tables, rent roll analyses, joint venture waterfall models, and other financial analyses required to evaluate and pursue acquisition opportunities.
- Prepare and present updated financial projections and executive reports to the executive team.
- Prepare semi-annual investor reports that concisely distill data in order to provide investors with required project progress updates and updated financial projections.
- Lead and mentor junior team members to support their development.
Requirements:
- Must have over 7 years of relevant real estate development experience
- Minimum of a bachelor’s degree in business / finance, economics, engineering or related field
- A strong understanding of the full lifecycle of development from acquisition to approvals, unit sales, financing, construction, home closings and disbursements.
- Experience conducting financial analysis for development projects using advanced models in MS-Excel.
- Excellent communication skills
If you are interested in learning more about this opportunity, please apply now by sending your resume to elan@winchesters.ca or visit www.winchesters.ca and apply. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.