Senior Financial Analyst - Real Estate

About the Company
Our client is a leading real asset management firm. They are currently looking for a Senior Financial Analyst to join their team!
Why Work Here

• Collaborative, supportive culture with ample opportunities to learn and grow
• Work for a fantastic boss and a great mentor that will help develop skills
• Comprehensive salary and benefits package

About the Opportunity

• Carefully prepare and scrutinize quarterly and annual financial statements for the Master Development Fund, ensuring precision in note disclosures for internal management, investor communication, and year-end audits.
• Manage the consolidated entity's books for the Master Development Fund, overseeing capital subscriptions, commitments workbooks, line of credit utilization, and bank reconciliations.
• Execute day-to-day financial operations for fund investments within the Master Development Fund, handling tasks such as capital call notices, banking compliance, distributions, and intercompany transfers with meticulous attention to detail and a thorough understanding of cash flow.
• Maintain reconciliation workbooks for expenses and cash across various investors within the Master Development Fund.
• Collaborate with operations to grasp the status of development projects, address operational issues, monitor key milestones, construction costs, and other developmental aspects throughout the Real Estate life cycle
• Review, organize, categorize, and submit vendor invoices promptly for payment, while also managing cash for operating and facility accounts.
• Assist in setting up CRA accounts for new development projects and facilitate the preparation of Limited Partnership, Corporate, and Trust returns on an annual basis.
• Collaborate with the investments team, development team, and Finance to prepare quarterly investor reports detailing investment performance.
• Cultivate strong working relationships across various business units, actively seeking opportunities for the finance function to serve as a strategic business partner.
• Gain a comprehensive understanding of cash sources and uses related to deployed equity, partner equity, and debt.
• Identify trends in returns and promptly escalate instances of non-performance or performance below expectations to the appropriate management levels.
• Provide personal insights into asset performance, connecting operational matters, key milestone achievements, and/or development delays to shape expectations regarding returns.
• Address ad hoc investor reporting needs as they arise.
• Oversee, track, and offer value-added feedback on our overall capital allocation structure, taking into account deployed funds and those available for future deployment, including available capital for recycling.
• Comprehend the implications of changes in capital and distribution assumptions on fund returns, reporting note disclosures, and the impact on investors.
• Cultivate positive business relationships with the operations team, finance team, and other stakeholders.
• Recognize and implement continuous process improvements across various areas of responsibility.
• Provide support for ad hoc projects as needed.

About You

• CPA designation or near completion
• 3 years of relevant experience in the industry with desire to grow
• Experience working in the space of asset management, Real Estate, private equity, land development or construction teams is an asset but not required
• Prior experience with fund reporting (open or closed ended funds) is an asset but not required
• Strong Excel modelling skills, ability to construct professional PowerPoint presentations
• Strong understanding of statement of earnings, balance sheet, cash flows, IRR, ROIC, etc.
• Keen sense of how consolidated financial statements and note disclosures need to be presented and reviewed
• Strong understanding of accounting principles, ASPE, GAAP, etc.

Salary Range
$85,000 - $92,000/year
How to Apply
Click the "Apply Now" button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #397696.
You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client's requirements for this role.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal .
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here .
• Virginia residents may access our state specific policies here .
• Residents of all other states may access our policies here .
• Canadian residents may access our policies in English here and in French here .
• Residents of countries governed by GDPR may access our policies here .

Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.