Manager Development Finance  3 days in office in Toronto – Competitive salary and bonus

Manager Development Finance

3 days in office in Toronto

Competitive salary, bonus and package

Posted on November 9, 2022.

Our client is a well-known Toronto-based developer with a large portfolio of retail and commercial real estate across Canada.

They are looking for an experienced individual to join the team as a Manager, Development Finance. This is an exciting opportunity to join the Development team to oversee industrial, residential, and mixed-use developments. The candidate will be a teamplayer with a self-starting attitude.

This will provide an exciting opportunity for the right candidate to build a career and gain valuable experience in real estate development.

Responsibilities:

  • Represent the company at all development partner meetings, progressing all projects forward in a timely and economical manner

  • Follow project performance by tracking financial, schedule, construction, and leasing progress

  • Effectively identify risks to the construction schedule and budget, communicate and mitigate issues

  • Ownership and management of the development project tracker and associated materials

  • Review, critically assess and prepare project cash flows and pro forma financial projections, with an active role in the quarterly budgeting process through the Retool program

  • Build strong relationships across the company

  • Engage with planning, design & engineering, construction, leasing and asset management to prepare presentation materials for Capital Committee Meetings

  • Interact with the Corporate finance team in the preparation of Quarterly Business Review materials and any ad-hoc development updates

  • Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk

  • Review and evaluate monthly JV partner project reports and provide input into the bi-monthly JV project updates to senior management

  • Conduct budget-to-actual variance analysis for existing projects; ongoing budget management; in-depth understanding of costs incurred vs. cost to complete

  • Liaise with Corporate Finance and prepare construction financing packages for lenders

  • Review, negotiate and finalize loan term sheets and credit agreements

 

Qualifications:

  • A minimum of 5-7 years of relevant real estate development experience working within a development firm or equivalent

  • Bachelor’s degree in business/ finance, economics, engineering or related field

  • A strong understanding of the full lifecycle of development

  • Ability to operate and thrive in a fast-paced, dynamic environment

  • A critical and strategic thinker, identify risks and opportunities and creatively problem solve to achieve high performance outcomes

  • A strong communicator both verbally and written

  • A strategic and analytically minded professional with strong quantitative skills

  • Ability to work independently and collaboratively to enact results and achieve desired outcomes

  • Adept at managing and building relationships with partners, stakeholders and the team

If you are interested in learning more about this opportunity, please email elan@winchesters.ca. Unfortunately, due to the high volume of applicants, only those individuals chosen for an interview will be contacted.