Associate, Investments (Debt)

Timbercreek; Toronto; Hybrid; CAD 85,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Timbercreek is seeking an Associate, Investments (Debt) to be part of its Global Debt Investments team. The individual will thrive in a fast-paced entrepreneurial environment.

The Associate will support the Canadian platform, taking part in the full Investment process from deal sizing/structuring to closing to ongoing asset management post-closing. The ideal candidate is a results-oriented real estate and finance professional, a problem solver and creative thinker, self-starter, and most

Qualifications

• Minimum 3 years in Real Estate or Structured Finance or related fields.
• Strong financial modeling and underwriting experience.
• Experience with commercial real estate software is an asset.

Responsibilities

• Review and assess mortgage investments across asset classes.
• Underwrite assets with proformas and financial models.
• Conduct market research and due diligence.
• Prepare term sheets and assist closing and asset management.

Skills

Real Estate Finance

Financial Modeling

Analytical thinking

Team player

Problem solving

Education

Finance/Economics degree

MBA/CAIA/CFA asset

Tools

CoStar

Argus

Job description

Founded in 2000, Timbercreek is one of Canada’s leading alternative asset class investment managers, focused on providing structured financing solutions to experienced real estate owners and investors across selectively identified urban centres primarily in Canada, Ireland and the United States. Through active and direct investment, we employ a thematic approach to deliver compelling risk-adjusted returns for our investors and partners, leveraging the diversified expertise and relationships of our highly experienced team to invest capital across a wide range of asset classes. Timbercreek’s team of 50 investment professionals have extensive domain expertise in these markets and combine an entrepreneurial growth focus with institutional risk management. Since 2000, the Timbercreek team has actively sourced, underwritten, funded and managed real estate debt or equity transactions that deployed over $18 billion of capital, financed by public and private Timbercreek investment vehicles, as well as many institutional partners.

About the Position:

Timbercreek is seeking an Associate, Investments (Debt) to be part of its Global Debt Investments team. The individual will thrive in a fast-paced entrepreneurial environment. The Associate will support the Canadian platform, taking part in the full Investment process from deal sizing/structuring to closing to ongoing asset management post-closing. The ideal candidate is a results-oriented real estate and finance professional, a problem solver and creative thinker, self-starter, and most importantly, a team player excited to grow with the company. This role is part of our hybrid work model.

Key Responsibilities:

• Review and assess new mortgage investment opportunities on commercial real estate asset classes including, but not limited to, office, retail, industrial, residential, hotels, land, and development projects.
• Ability to perform detailed underwriting of commercial real estate assets including preliminary proformas to detailed financial models with minimal support.
• Conduct market research as required.
• Correspond with the borrower, mortgage & real estate brokers, and other industry professionals to validate and further substantiate the investment assumptions and gain better understanding of particular markets and asset classes.
• Conduct in-depth due diligence on the credit worthiness of sponsors/clients and other financial data relevant to transactions.
• Identify risks and mitigants and provide feedback to the Global Credit team based on preliminary underwriting and market findings.
• Prepare term sheets and/or commitment letters consistent with preliminary underwriting and pre-approved deal structure.
• Provide potential investment partners with underwriting and transaction materials to support syndication activities.

Preparation, Due Diligence, and Closing

• Under the guidance of theVP, complete Investment Committee Memos for submission and approval.
• Ensure all required due diligence material is obtained and reviewed, and is consistent with preliminary underwriting, deal structure, and Investment Committee approval.
• Where required and in conjunction with the Origination team, perform site inspections and meet with clients, property managers, appraisers, and other related stakeholders.
• Together with the Originator, the Analyst will be a point person in the due diligence process (both internal and external) and assist all relevant teams throughout the closing process.

Portfolio and Asset Management

• Support the Investment team by providing proactive asset management of funded/closed investments (i.e. mortgage renewals, fundings, restructurings and annual reviews).
• Perform active financial updates and reporting including updating financial models, client budgets and maintaining up to date documentation and information management.
• Assist the syndication, funding and servicing teams with post-closing follow ups, as required.

Job Requirements:

Education and Experience:

• Minimum 3 years of experience in one of the following: Real Estate or Structured Finance, Private Equity, Private Debt, Investment Banking, Fund Management or a major financial institution.
• Strong ability to perform financial modeling and run valuation analysis of as part of the underwriting process.
• Direct transactional experience preferred.
• Working knowledge of the commercial real estate sector and/or capital markets is considered an asset.
• Experience with commercial real estate software (i.e. CoStar and Argus) is considered an asset.
• Minimum undergraduate degree in Finance, Economics, Business/Commerce, a Real Estate program, Engineering, Mathematics or a related discipline.
• MBA, completion/enrollment in a professional designation (e.g. CAIA, CFA, CPA) is considered an asset.
• Background in the due diligence review of pertinent loan documents (i.e. credit agreements, intercreditor agreements, leases and operating agreements/joint venture agreements).

Qualifications:

• Fluently bilingual in both French and English is considered an asset.
• Strong analytical, strategic-thinking, problem-solving, and decision-making skills.
• Inquisitive and curious to understand the full transaction cycle and related participants.
• Superior attention to detail and accuracy.
• Excellent communication (both written and verbal) skills and the poise and professionalism to represent Timbercreek in front of both internal and external parties.
• Strong organizational and time management skills and the ability to work under pressure on multiple transactions concurrently.
• Professional and positive with a “can-do” deal and team focused attitude.
• Ability to work independently prioritizing and establishing deadlines for own work, and when work is delegated, for the work of others.
• Willingness to learn, take on new challenges and grow in the role

Timbercreek Capital is an inclusive and equal opportunity employer. If you require a disability–related accommodation to participate in the recruitment process, please email us. We will accommodate your needs under the Ontario Human Rights Code. While we appreciate all applications, only those candidates selected for an interview will be contacted. We thank all applicants for their submissions.