Director of Finance, Alabaster Homes

Alabaster Homes; Vancouver; On-site; CAD 150,000 - 190,000; Full time

Job summary

Alabaster Homes seeks a Director of Finance to lead its finance team amid growing business demands. The role entails managing capital sourcing, overseeing financial projections, and ensuring proactive communication with investors, all while fostering a collaborative team environment. Ideal candidates possess a strong finance background, team leadership skills, and a deep understanding of real estate finance.

Benefits

Vacation & Time Off Package

Extended Health & Dental Benefits

Qualifications

• 10+ years of experience in real estate finance or related field.
• Strong relationships with banking contacts in Vancouver.
• Ability to manage finance teams and investor communications.

Responsibilities

• Manage finance team for capital sourcing & financing activities.
• Ensure accuracy of financial projections and due diligence.
• Oversee investor communications and financial reporting.

Skills

Financial modeling

Team leadership

Project evaluation

Verbal communication

Written communication

Education

Bachelor’s Degree in Commerce or Finance

MBA or CFA designation

Tools

MS Office Suite

Excel

Job description

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The Alabaster Group of Companies encompasses Alabaster Homes, our multi-family rental, strata and multiplex division and Pavilion Cowork, our shared office space division. While our core business is real estate development and shared office space, we pride ourselves on being a team of community builders. Our passion for our work is evident in everything we do. As we continue to grow as a company, we are looking for a dynamic professional to join our team.

Position Summary

Alabaster Group of Companies is hiring for the position of Director, Finance who will become the functional lead of Alabaster’s dynamic Finance Team. This is a newly created position due to growing business needs and increasing projects. This position will report directly to the CFO.

Key Responsibilities

Management of Finance Team in carrying out capital sourcing & financing activities

• Ensuring accuracy of pro forma, equity waterfall and cash flow
• Creation and maintenance of operations forecasts
• Ensuring project cash flows are sufficient and make appropriate decisions for capital calls and additional loans when necessary
• Producing investment memos for equity investors and lender’s packages for debt financing
• Initiating and reviewing ad-hoc financial analysis
• Review LOIs & commitment letters from lenders
• Making recommendations regarding project financing, including capital stack and lender
• Oversight of loan due diligence and lender reporting
• Maintaining relationships with lenders, brokers and other capital providers
• Stay up-to-date on bank financing guidelines and limitations, including for CMHC and non-market developments
• Produce internal project commitment reports (in conjunction with SLT), highlighting potential risks/mitigations related to the financing of the project
• Providing guidance to our legal team in the formation of limited partnerships, including review of partnership and management agreements, and the set-up of accompanying entities

Liaising with accounting team in carrying out project and corporate management

• Ensure financial requests for information are met, including reports to lenders, investors, QS, and other stakeholders
• Providing information to substantiate net worth and guarantees for project loans
• Ensure tracking and processes are in place to adhere to loan covenants and restrictions

Management of finance team in investor communication

• Compiling quarterly reporting to partnership via investor update
• Organizing additional reporting and monthly updates to institutional partners as needed
• Responding to ad-hoc investor requests and questions
• Managing subscription agreements, shareholder certificates
• Obtaining and filing investor information for regulatory requirements

Oversight of certain aspects of legal, risk management and human resources

• Training and development of finance team members, including performance reviews
• Ensure the interests of the Alabaster Group of Companies and its subsidiaries interests are protected in all major legal documents and agreements, such as partnership agreements, leases, management agreements and contracts
• Ensure corporate insurance and liability policies are in place and sufficient
• Oversight of legal action taken by or against the projects and corporate entities including corporate litigation, arbitration and mediation, and project liens

Other duties, tasks and responsibilities that may be assigned and required.

Who You Are

You are an organizational powerhouse, driven by details and fueled by a love of solving challenges. With meticulous attention to detail, you take pride in ensuring every “i” is dotted and and “t” is crossed. Eager to learn and committed to excellence, you’re ready to roll up your sleeves to get the job done. You thrive as part of a close-knit, hardworking team that values authenticity and enjoys the work as much as the camaraderie.

In addition to these qualities, you possess:

• Bachelor’s Degree in Commerce, Finance, Urban Land Economics or a related field is required.
• Minimum 10+ years relevant and progressive experience in real estate finance with a developer or private equity or consulting firm specializing in real estate.
• MBA or CFA designation is an asset
• Robust relationships with banking contacts in the Vancouver area
• Proven team leadership skills with experience managing finance teams
• Advanced proficiency in financial modelling, Excel and MS Office Suite
• Demonstrated ability to research, analyze, underwrite and evaluate real estate projects
• An open and articulate communications style with strong verbal and written communication skill with a willingness to learn quickly and adapt in a fast paced environment where multiple tasks and projects are worked on simultaneously.
• Eligible to work in Canada (Canadian Citizen, Permanent Resident or valid working visa) required.

Compensation

Your Total Compensation Package includes:

• Base Annual Compensation, with a range of $150,000.00 - $190,000.00 annually depending on experience and qualifications.
• Vacation & Time Off Package.
• Extended Health & Dental Benefits upon successful completion of a probationary period.

How to Apply

• Submit a resume with a brief cover letter to [e-mail]
• In the subject line, include “Application for Director, Finance, Alabaster Homes”
• Position will remain posted until filled.
• Only selected applicants will be contacted, we regretfully cannot respond to all applications
• No phone calls please.

The Alabaster Group of Companies is an Equal Employment Opportunity employer. Our goal is to be inclusive, diverse and representative of the communities where we work while creating an environment where every person can enjoy a successful career. This commitment applies to all candidates and employees regardless of race, ethnicity, creed, place of origin, religion, sex, gender identity, gender expression, sexual orientation, family status, marital status, disability, age and any other protected characteristic.

Requests for accommodation due to a disability or any other protected characteristic can be made at any stage of the recruitment process and during employment by contacting our People & Culture Team at [e-mail].

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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