Manager, Finance

Brookfield Residential; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading real estate services company is seeking a dynamic Manager, Finance – Real Estate. This role is vital for overseeing financial reporting and operational processes for debt management, associated with expanding asset portfolio operations in North America. A successful candidate will bring extensive experience in finance coupled with strong leadership skills.

Qualifications

• At least 8 years of progressive work experience in finance with real estate focus.
• Experience in managing a finance team for 3+ years.
• Strong understanding of IFRS, US GAAP, and consolidation.

Responsibilities

• Manage investments and oversee financial reporting.
• Prepare financial statements and manage the debt lifecycle.
• Lead the finance team to achieve operational excellence.

Skills

Leadership

Financial Analysis

Communication

Attention to Detail

Problem Solving

Education

CPA, CA

Bachelor's Degree in Finance or Accounting

Tools

Yardi

OneStream

Job description

AtBrookfield Properties, the foundation of our success is firmly rooted in our people.

Our company is comprised of experts across a range of specialties who share a goal of ensuring our properties are continuously evolving to meet the needs of our communities and stakeholders. To meet this goal, we hire visionary, entrepreneurial talent who help us innovate and enhance our business. We build collaborative teams who value integrity, creativity and diversity.

Our teams operate an iconic portfolio of irreplaceable properties within the world’s most dynamic markets. As one of the largest real estate services companies, we provide management and development expertise exclusively for properties owned by Brookfield Asset Management.

Job Description

We are seeking a dynamic and experienced Manager, Finance – Real Estate, to join our Brookfield Properties Corporate team. This role is critical in overseeing the financial reporting OR operational processes for debt management, audits, and other key financial functions supporting our expanding asset portfolio in North America.

Responsibilities

• Manage investments
• Onboard and offboard investments – including review of organizational structures, review of fund flow in close coordination with tax, open/close bank accounts, review loan agreements, review cash management agreements, review closing statements, purchase price allocations, liaise third-party property managers, etc.
• Prepare various financial information and analytics to ensure accuracy of reporting as well as optimal performance
• Prepare materials for valuation meeting, board meeting and quarterly results meeting
• Prepare financial and management reporting to ensure accuracy and analyze return goals (IRR, MOC, TWR)
• Oversee affiliate fee management, ensuring accurate calculations and timely payment
• Prepare investor capital calls and distributions
• Maintain intercompany reconciliations monthly ensuring the intercompany processes are accurate, efficient, and compliant with organizational policies
• Reporting – Fund reporting and investment property reporting
  • Prepare financial statements and investor reporting prepared in accordance with US GAAP – Investment Company Accounting and IFRS
  • Prepare quarterly reporting deliverables, including board meeting materials
  • Partner with internal SOX team and external auditors to address audit inquiries, assist with the tax reporting process
• 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
• Monitor liquidity and assess capital needs for the business
• Debt management, compliance and reporting:
  • Provide leadership, mentorship, and guidance to a team of 3+ finance professionals, promoting operational excellence, professional growth, and cross-functional collaboration
  • Serve as the primary liaison for debt-related activities, collaborating closely with the capital markets team on financing and refinancing transactions, as well as supporting acquisitions and dispositions
  • Coordinate and manage the end-to-end debt lifecycle, ensuring timely execution and reporting for all debt-related activities
  • Manage and oversee all debt-related processes, including funding, payments, accounting, reconciliation, financial reporting, lender reporting for loans, interest rate caps and swaps
  • Collaborate with finance operations teams for debt-related liquidity planning and reporting requirements
  • Lead and coordinate the lender reporting audit process, ensuring timely preparation, accuracy, and submission of deliverables in compliance with regulatory and organizational standards
  • Ensure lender compliance, REIT compliance, statutory compliance, governance & control testing, etc.
  • Continuously improve audit processes by implementing best practices and streamlining workflows to enhance efficiency and reduce risks

Qualifications

• At least 8+ years of progressive work experience with a mix of public accounting and industry experience; experience in real estate and capital markets is considered an asset
• Managing a finance team for 3+ years
• Strong technical understanding of IFRS and consolidation, and US GAAP accounting is preferred
• Experience in accounting and consolidation tools and adaptability to learning new systems; Yardi and/or OneStream preferred
• High attention to detail and strong organizational skills
• Advanced Microsoft Excel skills required
• Effective communication, time management, and presentation skills
• Ability to work well in a team, confidently sharing ideas and recommendations
• Understanding and interest in real estate and financial markets

Location

Brookfield Place - 181 Bay Street

Our Company

AtBrookfield Properties, the foundation of our success is firmly rooted in our people.

Our company is comprised of experts across a range of specialties who share a goal of ensuring our properties are continuously evolving to meet the needs of our communities and stakeholders. To meet this goal, we hire visionary, entrepreneurial talent who help us innovate and enhance our business. We build collaborative teams who value integrity, creativity and diversity.

Our teams operate an iconic portfolio of irreplaceable properties within the world’s most dynamic markets. As one of the largest real estate services companies, we provide management and development expertise exclusively for properties owned by Brookfield Asset Management.

Job Description

We are seeking a dynamic and experienced Manager, Finance – Real Estate, to join our Brookfield Properties Corporate team. This role is critical in overseeing the financial reporting OR operational processes for debt management, audits, and other key financial functions supporting our expanding asset portfolio in North America.

Responsibilities

• Manage investments
• Onboard and offboard investments – including review of organizational structures, review of fund flow in close coordination with tax, open/close bank accounts, review loan agreements, review cash management agreements, review closing statements, purchase price allocations, liaise third-party property managers, etc.
• Prepare various financial information and analytics to ensure accuracy of reporting as well as optimal performance
• Prepare materials for valuation meeting, board meeting and quarterly results meeting
• Prepare financial and management reporting to ensure accuracy and analyze return goals (IRR, MOC, TWR)
• Oversee affiliate fee management, ensuring accurate calculations and timely payment
• Prepare investor capital calls and distributions
• Maintain intercompany reconciliations monthly ensuring the intercompany processes are accurate, efficient, and compliant with organizational policies
• Reporting – Fund reporting and investment property reporting
  • Prepare financial statements and investor reporting prepared in accordance with US GAAP – Investment Company Accounting and IFRS
  • Prepare quarterly reporting deliverables, including board meeting materials
  • Partner with internal SOX team and external auditors to address audit inquiries, assist with the tax reporting process
• 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
• Monitor liquidity and assess capital needs for the business
• Debt management, compliance and reporting:
  • Provide leadership, mentorship, and guidance to a team of 3+ finance professionals, promoting operational excellence, professional growth, and cross-functional collaboration
  • Serve as the primary liaison for debt-related activities, collaborating closely with the capital markets team on financing and refinancing transactions, as well as supporting acquisitions and dispositions
  • Coordinate and manage the end-to-end debt lifecycle, ensuring timely execution and reporting for all debt-related activities
  • Manage and oversee all debt-related processes, including funding, payments, accounting, reconciliation, financial reporting, lender reporting for loans, interest rate caps and swaps
  • Collaborate with finance operations teams for debt-related liquidity planning and reporting requirements
  • Lead and coordinate the lender reporting audit process, ensuring timely preparation, accuracy, and submission of deliverables in compliance with regulatory and organizational standards
  • Ensure lender compliance, REIT compliance, statutory compliance, governance & control testing, etc.
  • Continuously improve audit processes by implementing best practices and streamlining workflows to enhance efficiency and reduce risks

Qualifications

• Recognized professional accounting designation (CPA, CA)
• At least 8+ years of progressive work experience with a mix of public accounting and industry experience; experience in real estate and capital markets is considered an asset
• Managing a finance team for 3+ years
• Strong technical understanding of IFRS and consolidation, and US GAAP accounting is preferred
• Experience in accounting and consolidation tools and adaptability to learning new systems; Yardi and/or OneStream preferred
• High attention to detail and strong organizational skills
• Advanced Microsoft Excel skills required
• Effective communication, time management, and presentation skills
• Ability to work well in a team, confidently sharing ideas and recommendations
• Understanding and interest in real estate and financial markets

We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.

At Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 1100 properties and 400 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.