Manager, Finance (15 month position)

Cadillac Fairview; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading company in real estate is seeking a Manager, Finance to oversee valuations and portfolio benchmarking. The ideal candidate will possess strong financial analysis skills and a relevant degree, along with experience in the real estate sector. This role offers a collaborative environment and opportunities for professional growth.

Benefits

Competitive rewards package

Best-in-class benefits

Pension plan

Qualifications

• 3-5 years of real estate industry related experience.
• Strong understanding of capital markets and valuations.
• Ability to perform complex financial analysis.

Responsibilities

• Assist in review and coordination of quarterly/annual appraisals.
• Perform valuation modeling and sensitivity analysis.
• Analyze leasing deals and make recommendations.

Skills

Financial analysis

Valuation modeling

Market research

Communication

Problem solving

Education

University Degree, B.Com or MBA

CFA and/or accounting designation (CPA, CMA)

Tools

Excel

ARGUS

Yardi

Microsoft suite

Job description

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Role Impact:

Manager, Finance is responsible for a variety of functions relating to Valuations, Portfolio Benchmarking/MSCI data submissions and lease transaction analysis for Cadillac Fairview’s real estate portfolio.

The role will work in partnership with Ontario Teachers’ Pension Plan (“OTPP”); our auditors (Deloitte); third party appraisers (Altus, C&W, CBRE, JLL and others); and other internal CF departments.

This position will require the successful candidate to work four days per week in the office.

What you will deliver:

• Assist in review and coordination of quarterly / annual appraisals.
• Perform valuation modeling and sensitivity analysis in Argus and / or Excel.
• Analyze leasing deals, determine deal accretiveness and make appropriate recommendation to leasing team for inclusion in business cases for deal approvals
• Research market, gather and analyze investment transactions to benchmark against CF’s portfolio of assets
• Assist in valuation analysis on land and properties under development including preparing land residuals utilizing development pro-formas and underwriting materials and impairment analysis
• Analyze and report valuation results accurately and timely for financial statements production, board meetings, strategy plan and benchmarking
• Assist in managing external stakeholders (appraisers, shareholder (OTPP), auditors, external investment partners), as well as internal teams (other CF departments) requests and queries.
• Compile detailed budget information, rent rolls, sales reports, recoveries, recoverable and non-recoverable capital, leasing transactions from internal sources and distribute to external appraisers, auditors, shareholder and external partners)
• Analyze property budgets and assist in response to questions from external, third party stakeholders (appraisers, auditors, OTPPB, etc), as well as other departments (primarily Investments and Development, Income & Property Tax, Operations).
• Assist in value forecasting for the annual Three Year Plan
• Support various strategic initiatives and projects as they arise
  
  
  

Portfolio Benchmarking:

• Assist in preparing and analyzing quarterly performance results for submissions to MSCI/Realpac Canada Property Index
• Assist in summarizing, analyzing and reporting performance results vs benchmark
  
  
  

What your strengths are:

• Strong technical knowledge, ability to perform complex financial analysis
• Highly proficient in relevant systems, including Excel, ARGUS, Yardi, Microsoft suite
• Strong understanding of capital markets, valuations and real estate operation
• Strong verbal and written communication, and presentation skills.
• Professional demeanor, excellent communication and presentation skills with a high degree of integrity, diplomacy and insight.
• Strong business and financial acumen with a solid grounding in accounting and financial processes and market analysis. Ability to bridge appraisals and resulting capital gains/losses with Accounting, Reporting and Planning Team. Demonstrated track record of successfully working in a team oriented environment with minimal supervision and tight timelines.
• Ability to interact effectively with a wide range of internal and external people at a variety of levels.
• Positive attitude and focus on solutions.
• Aptitude for accounting, finance, modeling with respect to analysis and valuations.
• Ability to work under pressure and to multi-task.
• Keen observation skills and ability to respond quickly.
  
  
  

What you need to succeed:

• University Degree, B.Com or MBA and CFA and / or accounting designation (CPA, CMA).
• 3-5 years real estate industry related experience.
• Knowledge of real estate valuation models, financial analysis, market research.
• Understanding of major functional areas: Valuations, Investment, Finance, Accounting, Development.
• Computer literate and skilled in the use of: Word, Excel (advance, complex formula/worksheet construction), Argus, Power Point, Yardi.
• Strong organizational, analytical and problem solving skills.
• Ability to organize time and meet deadlines.
• Strong attention to detail.
  
  
  

Why you should join us:

At Cadillac Fairview we have been transforming communities for over 50 years. We are so much more than our properties. We are building leaders at all levels. We offer the challenge of interesting work, a great organizational culture, the opportunity to collaborate with the best in the business, and support for your growth and development. We reward values-based behavior and superior results with a competitive rewards package that includes best-in-class benefits and pension. Imagine a place where you can make a difference!

At CF our everyday actions and critical business decisions are guided by our CF Values. Achieving results is naturally important for us and we achieve results through behaviours that are consistent with our CF Values.

Are you someone who believes in our values?

• Aim Higher – we strive to exceed expectations
• Own Your Expertise – we empower ourselves and each other
• Collaborate Effectively – we bring the right people together to get the right results
• Engage with Empathy – we objectively consider the needs of others
• Embrace Change – we drive, learn from, and adapt to change
  
  
  

At CF you’ll join a diverse community and award-winning team where your talent and commitment to excellence are welcomed, valued and respected.

CF is an equal opportunity employer and is committed to creating a diverse and inclusive environment. If you need reasonable accommodation during the recruitment, assessment, and/or selection process, please notify your CF contact or email [e-mail].

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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