Development Analyst - Toronto, Canada - Tricon Residential

Tricon Residential

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

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Description

At Tricon Residential, we are reimagining rental living in Toronto.

Tricon was the first mover to enter Toronto's purpose-built rental apartment sector with scale in 2016 and is today the market leader and most active developer in the marketplace with a 6,500 pipeline of new units.

Our buildings are concentrated in prime downtown Toronto locations, and are defined by design excellence, signature resort-quality amenities, exceptional customer service, and lifestyle programming that fosters connections and builds community.

We are creating the highest quality portfolio of irreplicable multi-family apartment properties in North America's fastest-growing city, adding celebrated communities to Toronto's most vibrant neighbourhoods.

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Tricon Residential

Job Description:

Tricon Residential Inc. is seeking a Development Analyst to join its Toronto team. The Development Analyst will be an integral team member focused on Tricons' purpose-built rental strategy in Toronto.

The Development Analyst will be responsible for contributing to the success of high rise purpose-built rental projects throughout their life cycle by providing acquisitions, due diligence, market & financial analysis, and development oversight.- Assist with acquisitions, including initial site identification and analysis- Assist with the preparation of market research and analysis- Ability to underwrite investment opportunities and prepare pro forma financials- Review, track and provide updates on overall project budgets and schedules, including initial pro forma financial models and cash flow forecasts (including variance analysis), partner reporting packages, etc.- Review and summarize various documents; planning, engineering, legal, financial, etc.

and evaluate concerns and opportunities Assist in liaising with consultants, city staff, and other external stakeholders- Liaise with various internal departments to ensure financial and non-financial information and assumptions are current and accurate and provide necessary information for public reporting purposes as requested- Succinctly and accurately prepare agenda and minutes for internal and external meetings- Research, summarize and track specific political, regulatory, and market trends to keep the business informed of potential changes within the development industry- Assists with property and asset management as required- Assists with general administration as required

Qualifications:

Strong desire and passion to pursue a career in the real estate finance industry
Selfstarter and "cando" attitude
Ability to operate in small teams with substantial individual responsibility and senior management exposure
Highly effective written and oral communication skills with a direct and open communication style
Advanced modeling skills with an indepth understanding of financial concepts
Advanced level of proficiency in Microsoft Excel, Word and PowerPoint
Strong problemsolving skills and ability to think "outside the box"
Strong attention to detail and accuracy
Ability to succeed in a fastpaced environment and to manage multiple projects with competing priorities

Minimum Requirements:

A university degree in a related field is required: planning, engineering, architecture, or business/finance with real estate emphasis
Experience 1 to 2 years of relevant work experience within the residential real estate development industry
Applicants with 1 year experience in investment banking, management consulting, private equity or corporate finance will also be considered

At Tricon Residential, we know that the best ideas happen when people bring their uniqueness to work with them. Inclusion is an integral part of how we leverage that uniqueness into our Company.

Supporting Diversity, Inclusion and Belonging is not only the right thing to do; it is the right thing to do for our business.