Development Finance Analyst

Job title: Development Finance Analyst

Job description: Date Posted: 07/29/2021
Req ID:12580
Faculty/Division: Operations & Real Estate Partnerships
Department: Real Estate Department
Campus: St. George (Downtown Toronto)

Description:

The remarkable growth of Toronto has placed an acute focus on the University of Toronto’s real estate assets across all three campuses. Most recently, the University has developed its “Four Corners” policy framework that sets forth the ambitious double bottom line goal of activating its real estate assets to address critical needs for on-campus housing, office space, innovation space, retail, and other amenities, while also generating a sustainable source of revenue for the University. The University of Toronto’s Real Estate division is responsible for executing this strategy, which aims to develop more than 4.2 million square feet over the next 10-15 years.

The Development Finance Analyst role will be integral to realizing the Four Corners strategy. Reporting to the Managing Director of Real Estate, the Development Finance Analyst will prepare sophisticated financial models and underwrite all real estate transaction activities on behalf of the University, including acquisition and development of mixed-use projects. The Development Finance Analyst will participate in meetings with prospective investors and joint-venture developers, as well as prepare presentation materials for the University’s Governing Council, various boards/subcommittees, and the Real Estate Advisory Committee, which is comprised of a myriad of high-profile real estate industry leaders in Toronto.

Qualifications:

Education:

• Bachelor’s degree in business administration, accounting, finance, and/or real estate economics or a related field or equivalent combination of education and experience. Master’s degree an asset.

Experience:

• 3-4 years’ experience independently underwriting real estate transactions
• Minimum of one (1) year experience working within institutional environment
• Experience with creating and analyzing financial models and schedules including but not limited to: calculation of net operating income (NOI), amortization, capitalization rates, bank loan financing, acquisitions of new properties and refinance of existing properties
• Experience with tracking market data (e.g. development pipeline, competing projects)
• Experience in financial forecasting
• Experience in reporting writing including the ability to research, analyze quantitative and qualitative data

Skills:

• Advanced skills in Microsoft Excel for financial analysis
• Intermediate skills with Argus Enterprise or Argus Developer
• Advanced skills in MS Office: Word, Excel, PowerPoint and Outlook
• Strong financial analysis skills in working with detailed financial models
• Strong communication and interpersonal skills
• Strong organizational and time management skills to prioritize and multitask projects with competing deadlines
• Strong report writing and presentation skills

Other:

• Strong understanding of real estate finance and market fundamentals
• Ability to manage multiple priorities with tight deadlines
• Demonstrated ability to manage multiple projects effectively

Closing Date: 08/15/2021,11:59PM ET
Employee Group: Salaried
Appointment Type: Budget – Continuing
Schedule: Full-Time
Pay Scale Group & Hiring Zone: PM 3 — Hiring Zone: $81,062 – $94,572 — Broadband Salary Range: $81,062 – $135,103
Job Category: Finance/Budget/Planning/Audit

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