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 team player 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:
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Represent the company at all development partner meetings, progressing all projects forward in a timely and economical manner
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Follow project performance by tracking financial, schedule, construction, and leasing progress
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Effectively identify risks to the construction schedule and budget, communicate and mitigate issues
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Ownership and management of the development project tracker and associated materials
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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
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Build strong relationships across the company
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Engage with planning, design & engineering, construction, leasing and asset management to prepare presentation materials for Capital Committee Meetings
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Interact with the Corporate finance team in the preparation of Quarterly Business Review materials and any ad-hoc development updates
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Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk
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Review and evaluate monthly JV partner project reports and provide input into the bi-monthly JV project updates to senior management
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Conduct budget-to-actual variance analysis for existing projects; ongoing budget management; in-depth understanding of costs incurred vs. cost to complete
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Liaise with Corporate Finance and prepare construction financing packages for lenders
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Review, negotiate and finalize loan term sheets and credit agreements
Qualifications:
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A minimum of 5-7 years of relevant real estate development experience working within a development firm or equivalent
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Bachelor’s degree in business/ finance, economics, engineering or related field
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A strong understanding of the full lifecycle of development
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Ability to operate and thrive in a fast-paced, dynamic environment
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A critical and strategic thinker, identify risks and opportunities and creatively problem-solve to achieve high-performance outcomes
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A strong communicator both verbally and written
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A strategic and analytically-minded professional with strong quantitative skills
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Ability to work independently and collaboratively to enact results and achieve desired outcomes
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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.