Analyst, Debt

Dream Asset Management Corporation; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Join a leading real estate investment and management company as an Analyst of Debt. This role involves supporting portfolio management, reporting, and underwriting of Dream’s debt portfolio, providing analytical insights and ensuring compliance within an exciting team-oriented environment.

Benefits

Workplace diversity and accommodations

Continuous learning and innovation opportunities

Fun social events

Qualifications

• Minimum 2 years of experience in commercial real estate finance or REIT reporting.
• Understanding of the commercial real estate landscape.
• Experience in real estate debt modeling or underwriting is a plus.

Responsibilities

• Prepare quarterly and annual debt reporting deliverables.
• Collaborate with Accounting and Asset Management teams.
• Coordinate lender financial and compliance reporting.

Skills

Advanced Excel proficiency

Strong oral and written abilities

Curiosity and problem-solving

Project management skills

Strong people skills

Education

Bachelor’s degree in finance, accounting, and/or real estate

Tools

JD Edwards

Insight

Job description

Join us, we have an exciting and rewarding opportunity for an Analyst of Debt to support portfolio management, reporting, and underwriting of Dream’s debt. This role combines aspects of real estate finance, accounting, and debt portfolio operations.

In this role, you will be responsible for quarterly cyclical workflows and debt reporting for multiple public entities such as TSX-listed Dream Unlimited Corp, Dream Office REIT, Dream Residential REIT, and Dream Impact Trust, as well as for various private equity vehicles managed by Dream. You will be managing debt for a portfolio of first-class commercial properties across asset classes including residential, office, industrial, commercial assets, and large-scale mixed-use developments. In addition to collaborating with our corporate accounting teams on IFRS reporting, the Analyst will also support underwriting and origination of debt, and partner with our asset / portfolio managers and corporate finance and strategy teams to support decision making, organizational growth, and risk management for Dream.

A Day in the Life :

In this role, you will have the opportunity to support portfolio management, reporting, and origination of Dream’s debt portfolio, which includes land and construction financing, conventional and CMHC-insured term mortgage financing, corporate credit facilities, subscription lines, and other affordable housing and sustainable finance funding within Canada and the United States.

The Analyst plays a central role, working cross-functionally with other departments (e.g. Accounting, Asset Management, Investments, Leasing, Development, Treasury), lenders, and industry professionals. In this dynamic role, you will own and master reporting deliverables and take on a risk management role, providing analysis and recommendations to senior management to support business strategies. You will work with other Debt team members and with our lenders in managing maturities / renewals and compliance risk. Your aptitude to learn and take on new projects will deepen your knowledge of the real estate industry and in different asset classes. You will continually be challenged with complex projects and eventually grow to support loan origination, and impact capital stack strategy and how we approach lenders and source competitive loan structures and terms.

Every day is different, providing new experiences and learning opportunities. You will be surrounded with and supported by dynamic colleagues who work hard and enjoy the work we accomplish together. We build strong relationships within our team and across the organization through collaboration and fun social events, too.

Here are some of the responsibilities you will take on :

• Prepare quarterly and annual debt reporting deliverables to corporate accounting teams for their financial statement disclosures and MD&A, including debt continuity, scheduled repayments, debt valuation, guarantee liabilities, and interest rate sensitivity.
• Collaborate with Accounting, Strategic Finance and Asset Management teams to perform risk monitoring of Dream’s debt portfolio to manage compliance and maturity rollover risks, including review of historical results, forecasts, refinancing underwriting, borrowing base and covenant calculations.
• Coordinate lender financial and compliance reporting.
• Maintain debt database records, ensuring all key debt terms and conditions, as well as lender reporting requirements are tracked following loan execution.
• Review a wide variety of mortgage loan-related documentation initiated during the debt financing or renewal process, including commitment letters, credit agreements, financial reports, development plans / approvals, leases, purchase and sale agreements, appraisals, and third-party consultant reports.
• Prepare monthly debt management report for senior executives to support business decisions.
• Consult with cross-functional teams to collect necessary information for formulation of lender consent requests and respond to lender inquiries.
• Coordinate debt portfolio operations, including interest rate management, loan draws and repayments from dispositions, and project / property / portfolio level financial and risk analyses to provide debt optimization recommendations and action plans to senior management.
• Support the financing origination process including loan underwriting analysis the due diligence coordination.
• Special projects, ad hoc reports, and other activities, as assigned.

Your Experience Includes :

• Bachelor’s degree in finance, accounting, and / or real estate.
• Minimum 2 years of experience in commercial real estate finance, REIT reporting, or commercial mortgage servicing.
• Understanding of the commercial real estate landscape, with experience in real estate debt modeling or underwriting considered a plus.
• Advanced Excel proficiency, including but not limited to the use of tables / pivot tables, and complex formulas. VBA coding / macros considered an asset.
• Experience in accounting / consolidation systems (e.g., JD Edwards, Insight) and adaptability with learning new applications.

Areas that play to your strengths :

If you have experience and knowledge in the following, we consider this a great asset for being successful in this role.

• Advanced Excel proficiency, with ability to manage, analyze, and synthesize large data sets while demonstrating strong attention to detail, with commitment to quality, accuracy, and completeness.
• Strong oral and written abilities demonstrated in reports, presentations, and meeting facilitation.
• Ability to decipher complex language in loan documents and other contracts.
• Strong people skills, you are a hands-on team player with a proven ability to collaborate and build relationships at all levels of the organization and with external service providers and stakeholders.
• Curiosity, thirst for knowledge and growth, ability to reason and think outside the box to solve problems, and desire to champion continuous process improvements.
• Strong time management skills with ability to multitask, prioritize and juggle several projects and work in a fast-paced, dynamic environment.
• Proven project management skills with the ability to thoughtfully plan and manage multiple projects simultaneously from start to finish, setting clear objectives and delivering on goals.
• Innovative self-starter – able to identify, evaluate, and execute new ideas and support with results and have no issues with working independently under minimal supervision.
• Dedicated to continual education and growth of their career.

What do we do?

Dream Unlimited is an award-winning Canadian real estate investment, development and management company with approximately $28 billion of assets under management in North America and Europe. Our scope of business includes asset management and management services for four publicly listed funds.

Dream has grown substantially since its formation in 1994, becoming one of Canada’s leading real estate companies with a diverse workforce in North America and Europe. We are one of Canada’s largest developers, building communities for people to live in; developing land, homes, condominiums, retail centers and renewable power projects. We also build communities to work in, bringing office, industrial and retail spaces to life. We invest in and manage properties, enriching them for the people who work here and the greater community.

Our entrepreneurial spirit drives us to seize unconventional opportunities and approach every project with passion and purpose. At Dream, we care about our employees, provide exciting work opportunities, open work environments, and fun events, fostering an atmosphere where continuous learning and innovation thrive. Join us and make a difference.

Dream Unlimited is committed to workplace diversity and provides accommodations to applicants with disabilities throughout our hiring process. If you require accommodation through any aspect our process, please let us know and we will work with you to meet your needs.