AddressAmica Senior Lifestyles is setting a new standard for seniors living in Canada by combining unparalleled premium hospitality and amenities with expert care and support to deliver a personalized senior living experience. Committed to enriching the lives of seniors now and as their needs change, Amica offers Independent Living (IL), Assisted Living (AL) and Memory Care (MC) lifestyle options. Established in 1996, Amica owns and operates 33 residences in British Columbia, Alberta and Ontario, with plans to continue expansion in select markets across Canada.
Oppertunity
Due to continued growth, Amica seeks to recruit a new Senior Associate (Manager), Investments to support its Investments team. The Investments team is comprised of four key functions: Site Selection / Business Development, Development Pipeline, Transactions and Research & Analytics. This role, reporting to the Director, Investments (Site Selection / Business Development), will play a key role in advancing Amica’s growth strategy through first-in-class site selection and preliminary underwriting of new development sites, primarily within the GTA and GVA.
What you will be doing
Site Analysis & Selection
- Coordinate a timely and detailed multi-disciplinary review of new sites provided by existing development partners, brokers or other external parties and screen them for potential fit with Amica’s investment mandates
- Continuously improve existing site selection, benchmarking and underwriting tools and processes; develop and deploy new tools to raise the bar of insight and sophistication for future strategic decision making
- Compile internal and external market data supporting investment strategies
- Collaborate with the Investments Research & Analytics team to deliver insightful market and site intelligence, including market feasibilities studies, demographic and other relevant analyses
- Organize and manage due diligence activities; establishing and maintaining due diligence checklists and completion schedules, ensuring internal and external deliverable timelines are met
- Oversee preparation of preliminary financial analysis, independently and together with other members of the Investments team to determine the merit of pursuing a transaction; ensuring appropriate modeling inputs are selected, including physical design, timing, cost, revenue, valuation parameters, etc. through detailed internal and external benchmarking
- Understand and clearly communicate areas of risk and opportunity for each potential project
- Lead the preparation of internal land acquisition deal recommendations for review by the Amica Investments Steering Committee and board of directors
- Mentor, coach and develop a team of multi-disciplinary team members (through an indirect reporting structure)
- Assist with the preparation of pitch decks, market studies, and other various internal and external reports, presentations and materials, as required
- Minimum of five years’ progressive experience in a real estate investments role or equivalent. Experience with seniors housing is an asset.
- Undergraduate or graduate degree in business or other related discipline (Finance, Economics, or Real Estate as examples). Valuable qualifications include MBA, CFA and CPA.
- Demonstrated leadership experience leading and mentoring more junior team members
- Very strong financial skills – the ideal candidate brings a keen understanding of financial analysis relating to real estate investments and development. Skilled in using Excel at an advanced level, the ideal candidate is highly-competent with respect to developing / reviewing complex financial models.
- Advanced PowerPoint expertise to prepare compelling and professional presentations.
- Highly developed oral and written communication skills.
- Highly driven to succeed, the successful candidate is hard-working, energetic and committed to invest the time and focus required to be successful in this role. He/she has the potential to take on additional responsibilities and grow within the organization as business needs and opportunities evolve.
- Desire and ability to contribute as a key member of a highly motivated and successful development organization, along with a degree of humility.
- Experience in both small and large firms is valuable.
- A diverse and inclusive environment where individual differences are celebrated, and you’re encouraged to be your best self
- A collaborative environment where we work together to succeed as a team
- Learning opportunities to help you grow and support for professional development and designations
- Comprehensive benefit package including RRSP matching
- Office is centrally located in the financial district, on the PATH and the TTC subway line, and provides easy access to downtown amenities
Amica Senior Lifestyles recognizes the importance of immunization to protect our residents, team members and visitors from COVID-19. Effective October 2021, a condition of employment is requiring that all new hires have received all required doses of a COVID-19 vaccine approved by Health Canada.
Requests for accommodation can be made at any stage of the recruitment process providing the applicant has met the bona-fide requirements for the open position. Applicants need to make their requirements known when contacted.
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