MANAGER, FINANCIAL ANALYSIS

CreateTO; Toronto; Hybrid; CAD 105,000 - 157,000; Full time

Benefits offered by this job

OMERS pension

Vacation entitlement

Health and dental benefits

Life and disability insurance

EFAP

Job summary

CreateTO, a City of Toronto agency, is seeking a Manager of Financial Analysis to oversee a small team and conduct strategic financial analysis for development, acquisitions and dispositions. You will guide analysts, ensure timely deliverables and provide advisory input for planning and forecasting aligned with CreateTO's portfolio goals.

The role requires deep financial modelling, strong communication and collaboration with internal stakeholders, and a hybrid work arrangement with three days

Qualifications

• University Degree in Finance or Accounting.
• CPA (CA, CMA or CGA), CFA or MBA required.
• Minimum of 5 years in financial analysis, planning and forecasting.
• Experience managing a team is an asset.
• Experience with financial modelling and Excel.

Responsibilities

• Oversee pro-forma financial analysis and reports for development projects.
• Oversee asset and market due diligence and provide guidance.
• Prepare ad hoc financial models and advise Analysts on approaches.
• Create underwriting packages, quarterly and board reports.
• Lead liaison with internal/external groups for project details.
• Manage financial projects ensuring quality and timelines.
• Prepare valuations and budgets for existing portfolio and commentary.
• Assist appraisers for acquisitions/dispositions.
• Improve quality and efficiency of financial reports and models.
• Maintain relationships with internal customers and mitigate risks.
• Support due diligence, marketing and management of development projects.
• Present materials to senior staff and City stakeholders.
• Provide mentorship to financial analysts.

Skills

Financial analysis

Financial modelling

Excel

Communication

Team leadership

Education

CPA/CA/CMA/CGA

CFA

MBA

Tools

Excel

Job description

CreateTO is shaping Toronto's future through impactful real estate solutions. A City of Toronto agency, CreateTO works collaboratively with internal stakeholders, external partners and community members to create more livable, sustainable and inclusive communities. CreateTO is here to increase the social, cultural and economic value of our city's $27-billion real estate portfolio, ensuring positive impacts for residents and a bright future for Toronto. If you're passionate about contributing to the best use of one of North America's largest and most valuable real estate portfolios, we'd love to have you on the team.

THE OPPORTUNITY

Reporting to the Vice President, Financial Analysis and Advisory, but working closely with the senior development leaders, the Manager, Financial Analysis will be responsible for oversight of the financial analysts (2) including review of analyst work, implementation of best practices as it relates to verbal and written communication, guidance and mentoring. The manager will oversee and manage financial projects and deliverables ensuring quality of work and completion timelines are maintained.

In addition, due to the nature of a small team, the manager will be required to provide meaningful individual contributions to financial analysis and reports to be used in development, acquisitions and dispositions, budgeting, forecasting and for Board presentation. Furthermore, opportunities will exist for advisory services and strategic planning for the company and city related to real estate projects and forecasting.

PRINCIPAL FUNCTIONAL RESPONSIBILITIES

• Oversee and prepare pro-forma financial analysis and reports for development projects.
• Oversee and perform asset and market due diligence.
• Prepare ad hoc financial models and analysis as well as advise Analysts on best approach to analysis and financial modelling.
• Prepare underwriting packages, presentations, quarterly reporting, board reports and business cases for senior management, executive management and CreateTO Board members.
• Liaise with internal and external groups to gather supporting details and information for various development projects.
• Responsible for managing financial projects ensuring quality of work and completion timelines.
• Prepare valuation models and budgets for existing portfolio as well as provide related analysis and commentary and advisory services.
• Assist and liaise with appraisers on the valuation of current and future properties for the purposes of acquisitions and dispositions.
• Improve the quality and efficiency of financial reports and models and seek opportunities to streamline analysis and processes.
• Maintain strong working relationships with internal customers in the corporate and divisional offices, and work proactively to identify opportunities and mitigate risks.
• Oversee and assist in due diligence, marketing and management of development projects.
• Provide support pertaining to ad hoc projects as required including preparation of financial presentations and reports for senior management and executive team.
• Present materials to internal senior staff and City stakeholders.
• Provide guidance and mentorship to the financial analysts.

CANDIDATE ATTRIBUTES

• University Degree, with a focus in Finance or Accounting.
• Accounting designation CPA (CA, CMA or CGA), CFA, or MBA required.
• Minimum of 5 years of experience in financial analysis, planning and forecasting role.
• Experience managing a team of 1 or more direct reports considered an asset.
• Experience with financial modelling and analysis, particularly in Excel.
• Excellent financial modelling and planning skills, with a track record of continuous improvement.
• Advanced financial analytical skills and problem-solving, with a focus on understanding operational decisions and their impact on financial reporting and cash flow.
• Excellent relationship building with a strong customer focus and a collaborative working style.
• Exceptional Communication skills, both written and verbal, including the ability to communicate effectively with all levels of the organization.
• Hands on, detail oriented with ability to think strategically.
• Demonstrates the highest level of ethics and personal integrity.
• Demonstrates competence in MS Office applications; ability to quickly learn and demonstrate functional competence with financial systems.
• Experience in the real estate industry is required.
• Ability to work well under pressure with multiple competing deadlines.

TOTAL COMPENSATION

The salary range for this position is $105,040 to $156,550 annually, with new hires typically expected to start between $105,040 and $130,290, commensurate with qualifications and experience.

In addition to base salary, CreateTO offers a comprehensive total compensation package including participation in the OMERS defined benefit pension plan, competitive vacation entitlement, extended health and dental benefits, life and disability insurance, and access to employee wellness support including an Employee and Family Assistance Program (EFAP).

With a highly engaged team, CreateTO scores well above benchmarked organizations in terms of its employees' passion, commitment, diversity and pride. As part of the organization's Strategic Plan 2023-2027, Inspire internal success was named as one of five priority objectives.

CreateTO wants its team to reflect the city we represent, and we strive to provide an inclusive workplace that promotes and values diversity in age, gender identity, race, sexual orientation, physical or mental ability, ethnicity, and perspective, all of which are proven to build better companies. Our goal is to create an environment where everyone, from any background, can do their best work and be themselves.

We provide equitable treatment and accommodation to ensure barrier-free employment in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act. Candidates can request accommodation related to the protected grounds at any stage of the hiring process.

We do not use artificial intelligence to screen, assess, or select applicants. All applications are reviewed by our hiring team.

For more information on CreateTO, please visit our website at www.createto.ca.

Please note that this is a hybrid working environment with a minimum of 3 days in-office.