Development & Investments Associate

University of Toronto; Toronto; On-site; CAD 91,000 - 108,000; Full time

Job summary

The University of Toronto is seeking a Development & Investments Associate to support the strategic initiatives of its Real Estate division. This role involves preparing financial models, underwriting transactions, and participating in key meetings to enhance on-campus housing and develop revenue-generating projects. Candidates should have a strong financial background and excellent communication skills, with an educational foundation in business or real estate.

Qualifications

• 3-5 years of experience in underwriting real estate transactions.
• Minimum 1 year in a commercial real estate firm.
• Experience in financial modeling and data analysis.

Responsibilities

• Prepare financial models for real estate transactions.
• Conduct meetings with investors and partners.
• Research and report on market data and trends.

Skills

Financial analysis

Communication

Organizational skills

Presentation skills

Interpersonal skills

Education

Bachelor’s degree in business administration or related field

Master’s degree (an asset)

Tools

Microsoft Excel

Argus Enterprise

MS Office

Job description

The remarkable growth of Toronto has placed an acute focus on the University of Toronto’s real estate assets across all three campuses. These assets are limited, requiring strategic utilization to ensure that the University’s long term academic vision is preserved and enhanced. Most recently, the University has developed its “FourCorners” policy framework that sets forth the ambitious double bottom line goal of activating its real estate assets to address critical need for on-campus housing, office / 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 such policy framework, including evaluating the strategic developing properties on its own in addition to partnership opportunities presented to the University by outside developers and landowners.

The Development & Investments Associate is a role within the University that is integral to realizing the FourCorners strategy. Reporting to the Director, Asset Management and Development Manager, the Associate will prepare sophisticated financial models and underwrite all real estate transaction activities on behalf of the University, including acquisition, development, (re)financing, and disposition of mixed-use projects involving office,retail, multifamily, student housing, and / or industrial space. The Associate will participate in meetings with prospective investors and joint-venture business partners, 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. The incumbent is responsible for the initiation, research, prioritization and determination of appropriate courses of action, referral or response on matters identified by the Director of Asset Management and the Development Manager and the committees. The incumbent will maintain in-depth knowledge and expertise on real estate trends, policies, issues, metrics and industry standards.

The Real Estate team is lean but ambitious, requiring the Associate to perform complex financial analysis within minimal supervision and manage multiple projects simultaneously. The incumbent must also possess strong communication skills to contribute and effectively participate in key decision-making by senior management.

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

• Three (3) to five (5) years’ of experience independently underwriting real estate transactions'
• Minimum one (1) year of experience working within a commerical real estate firm
• 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

Closing Date : 10 / 20 / 2024,11 : 59PM ET

Employee Group : Salaried

Appointment Type : Ancillary Operations

Schedule : Full-Time

Pay Scale Group & Hiring Zone : PM 3 Hiring Zone : $91,937 - $107,259 Broadband Salary Range : $91,937 - $153,227

Job Category : Facilities / Ancilliary Services