Our client in real estate is seeking a Financial Analyst in a new position to work with their Asset Management team who loves digging into the data, working with spreadsheets, and performing calculations for exciting opportunities like new building acquisitions! Reporting to the Director, the Financial Analyst position is suitable for someone who studied finance and has 3-5 years' experience and wants to learn from a leader who knows Ottawa's real estate sector inside and out. Roles and Responsibilities
Collect, review and process data on the financials of the various buildings under our management.
Develop models in Excel to evaluate and identify asset level financial returns, risks, and opportunities.
Based on financial models and the review of other performance metrics, provide recommendation to the Director on trends/ or red flags that you have observed.
Assist in the preparation of asset management plans and strategic investment opportunities, this could include preparation of graphs, financials, or presentation decks.
Assist in preparing operating, financing, and investment budgets.
Prepare and assist in annual property valuation.
Ensures timely and accurate production of variance analysis and investor reporting.
Assist in the capital budgeting and expenditure planning processes this includes general administration, set up and reporting on variances.
Assist with the completion of detailed monthly variance analysis against the annual budget.
Review and analyze asset’s investment performance across key performance indicators(KPI’s). Support the development of KPI’s when requested.
Assist in the preparation of the quarterly reporting package to owners and provide relevant variance commentaries. Provide re-forecast of cash flow and distributions as required.
Assist with the processing of monthly cash distributions and/or payments to JV partners or owners. Complete or review statements during the reconciliation process.
Assist in the financial tracking/reporting of existing projects at various stages of development. Working directly with the development team to track progress.
Build, update, and maintain cashflow models for income producing investment projects.
Assess and analyze potential investment opportunities and acquisitions as directed by your manager.
Monitor external market conditions to accurately perform financial analysis, provide recommendations to the director of asset management with your findings.
Perform general day to day administration such as reporting or updating on the existing inventory levels for rental properties. Updating size, duration of lease, asset type, location or other pertinent details regularly.
Maintain tracking of our asset management strategy – future plans on asset- such as creating schedules and timelines, notes on the properties, buy /sell plans, and other general tracking and administration.
Maintain tracking and updates/ expiries on all insurance requirements for our assets. Tracking of policy numbers and coverage requirements. Provide regular updates to Director of asset management.
Qualifications and Experience
Must have experience doing Financial Analysis for a portfolio of properties
Ideal to be pursuing the CFA designation and at least have education in Finance
Yardi experience is an asset
Must have financial modelling experience (e.g. preparing forecasts for capital projects)
This employer offers: - Annual bonuses and salary reviews - Pension plan - 3 weeks' vacation to start - Benefits - Work from home 2-3 days per week - Flexible start times between 7am - 9am for 37.5 total hours per week - Free parking on site
We’re an equal opportunities employer committed to increasing diversity and inclusion in today’s workforce. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Minorities, women, LGBTQ candidates, and individuals with disabilities are encouraged to apply. If you require an accommodation, please review our accessibility policy.