Director of Finance – Toronto, ON (hybrid) – $150,000-$175,000 base plus bonus, excellent benefits, and vacationJen Wells2025-01-14T04:20:00+00:00Director of Finance
Downtown Toronto, ON (hybrid)
Competitive compensation with excellent benefits – commensurate with experience
Our client is a growing Real Estate development and management company in Toronto, ON. They are looking for an experienced director who is coming from real estate development. This position will support the current CFO and will ultimately move up to lead a significant portion of the business. As it stands now, the position will be very hands-on but will oversee a team of five accountants. Individuals with hands-on Yardi experience will be given preference.
Reporting to the CFO, the Director of Finance will be responsible for oversight of all finance, accounting and analysis for a portfolio of real estate development assets. The Director will aid in all corporate accounting, including yearly reviews and tax planning, and reporting for certain legal entities, assist with financings for new and existing assets and be a key liaison with lenders. The majority of this position will be to lead development accounting for certain key projects, including monthly draw process. The role will provide significant exposure to senior executives and help chart the strategic growth for the organization.
Responsibilities:
- Prepare financial statements with notes in accordance with accounting standards on a monthly/quarterly/semi-annual/annual basis as per company requirements.
- Perform cash flow analysis on an individual entity and portfolio basis
- Perform monthly analysis of hospitality portfolio, including benchmarking
- Assist in the preparation of detailed year end working paper files for audit or review purposes.
- Manage and prepare all lender reporting along with internal debt schedules
- Assist with new and existing financings including review, drafting and negotiations of credit agreements and working with legal counsel
- Produce portfolio metrics looking for opportunities for improvement of margins
- Manage banking relationships and assist with wire transfers and cash management
- Assist in preparing budgets and forecast as required
- Assist in reviewing due diligence materials, review of asset purchase & sale agreements for the acquisition of hospitality and real estate assets.
- Lead project accounting and monthly draw process for key projects
- Work with tax consultants and CFO for tax review and planning for entities
- Additional duties and responsibilities as required
Requirements:
- University degree
- Minimum 6 years of experience
- Exposure to financing; due diligence; acquisitions/divestitures, project accounting and year-end financials
- Strong computer skills, specifically in Excel
- Excellent communication and leadership skills
If you are interested in learning more about this opportunity, please apply now. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.