Director of Finance, Real Estate

February 2, 2021 Finance

Job Overview

Job title: Director of Finance, Real Estate

Company: Brookfield Asset Management

Job description: Director of Finance– Real Estate

Brookfield Properties

Toronto, ON

Brookfield Properties is a global real estate manager for assets primarily held in Brookfield Asset Management sponsored funds and listed issuer, Brookfield Property Partners. We are best in class in our field, because of our greatest asset, our people. We look for talented individuals to join our growing organization and share our passion towards operational excellence for our portfolio of real estate assets and companies. If you possess outstanding interpersonal skills, result driven, and are innovative, then we encourage you to take your career to the next level and apply for this exciting opportunity with us.

Job Description

The Director, Finance will be part of the real estate management team which is responsible for providing services to drive optimal returns from investments made by Brookfield managed Funds mainly in third party managed assets in the Office, Industrial and Multifamily sectors. The role is based in Toronto and would also liaise with various teams within Brookfield and across functions.

Responsibilities

Team Management

Train, mentor and motivate a team of 3-5 finance professionals
Review work of team members and provide feedback for improvement
Monitor and analyze team performance in order to achieve performance targets
Lead, coach, develop and evaluate team members
Reporting – Fund reporting and investment property reporting

Review financial statements and investment reporting prepared in accordance with US GAAP – Investment Company Accounting and IFRS
Manage the external audit and tax reporting process with big 4 firms
Provide oversight of quarterly reporting deliverables, including board meeting materials
Manage investments

Prepare/review various financial information and analytics to ensure accuracy of reporting as well as optimal performance
Prepare/review stakeholder reporting including lenders, parent companies, fund investors, tax and other regulatory authorities
Prepare/review materials for valuation meeting, board meeting and quarterly results meeting
Review financial and management reporting for real estate portfolio assigned, including preparing and analyzing return goals (IRR, MOC, TWR)
Ensure lender compliance, REIT compliance, statutory compliance, governance & control testing, etc
Onboarding and offboarding investments – including review of organizational structures, review of fund flow in close coordination with tax, open bank accounts, review loan agreements, review cash management agreements, review closing statements, purchase price allocations, onboard third-party property managers, etc.
Financial, Planning & Analysis

Review valuation models
Work with asset management team to develop an annual budget as well as a 5 year business plan
Assist with regular forecasting/reforecasting and related analytics and review
Monitor liquidity and assess capital needs for the business
Assist with value-add initiatives

Assist as needed with due diligence related to refinancing, dispositions, development and re-development

Identify areas for process improvement and enhancement; design and implement automation improvement
Assist with system enhancements with focus on making scalable for future growth and increase efficiency
Assists and liaise with tax consultant, as necessary for real estate tax reassessment and appeals

Qualifications

SERVICE / PERSONAL SKILLS:

Strong organizational skills and ability to prioritize work and meet multiple deadlines in a fast-paced team environment;
Experience in managing a team and overseeing the execution of various work streams
Hands-on team player who can set up and implement best practices
Superior communication (written and verbal) and interpersonal skills; able to interact professionally with all levels
Self-motivated and proactive, with respect to both managing workload and professional development.

EXPERIENCE & TECHINCAL SKILLS:

Recognized professional accounting designation (CPA, CA preferred)
Professional accounting designation with at least 7+ years of progressive work experience with a mix of public accounting and industry experience; experience in real estate is considered an asset
Minimum of 3+ years of experience managing and mentoring a finance team
Experience in accounting / consolidation systems (i.e. Microsoft Dynamics, Yardi, JD Edwards, Hyperion, OneStream, etc.) and adaptability with learning new applications
Advanced knowledge of Microsoft Excel and PowerPoint
Understanding and interest in real estate and financial markets

At Brookfield, we care about your privacy and strive to protect Applicant Data throughout the recruitment process. To that end, information that we gather from applicants via job postings, is used solely for the purposes of recruiting and hiring. For more details, we encourage applicants to read Brookfield’s Applicant Data Protection and Privacy Notice, found on our website:

https://www.brookfield.com/applicant-data-protection-and-privacy-notice