Manager, Development Analytics - Toronto, Canada - Choice Properties

Choice Properties

Verified Company

Toronto, Canada

2 days ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada.

Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centres and stand-alone supermarkets.

Choice Properties' strategy is to create value by enhancing and optimizing its portfolio through accretive acquisitions, strategic development, active property management and investigating new ways to add value to the portfolio.

Choice Properties' principal tenant is Loblaw Companies Limited, Canada's largest retailer. Choice Properties' strong alliance with Loblaw positions it well for future growth.

A commitment to continuous learning and development is a strong part of our culture.

Choice Properties currently has 22 projects under active development and a further 26 projects in development planning.

Being present and creating value in the community is a priority for the Company and is driving an intensification of community-focused development projects which comprise a diversified product mix including retail intensification, greenfield industrial development, purpose-built rental buildings, food/drug anchored mixed-use site re-development, and condominiums.

What you'll do:

Create and maintain dynamic and complex development proforma and cash flow models for single and multiphase development projects
Critically evaluate proforma assumptions and conduct relevant market research
Prepare financial analysis, development scenarios, and sensitivity analysis to inform decision making and evaluate development options
Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risks
Review, critically assess and prepare project cash flows and pro forma financial projections, with an active role in the quarterly budgeting process through the Retool program
Summarize forecast information and prepare presentation materials for various internal reporting
Proactively monitor project performance by tracking financial, schedule, construction, and leasing progress
Manage and take ownership of the development portfolio tracker along with its associated materials
Review and evaluate monthly JV partner project reports and provide input into the JV project updates to senior management
Effectively identify risks to the construction schedule and budget, communicate and mitigate issues
Perform budgettoactual variance analysis for ongoing projects and attain a comprehensive grasp of incurred costs versus estimated costs to complete, ensuring a clear understanding of project financials.
Build strong relationships across the Company to effectively understand all development projects
Liaise with Corporate Finance and prepare construction financing packages for lenders which best satisfy Choice's financing requirements
Engage with Development, Construction, Leasing, and Asset Management to prepare presentation materials for Capital Committee Meetings
Assist in the preparation of Quarterly Business Review materials and any adhoc development updates

Qualifications:

5+years of relevant real estate development experience working within a development firm or equivalent
Postsecondary education/degree in real estate, business/ finance, economics, or related field
A strong in depth understanding of the full lifecycle of development
Proven experience operating and thriving in a fastpaced, dynamic environment
A critical and strategic thinker, with the keen ability to identify risks, opportunities and creatively problem solve to achieve high performance outcomes
A strategic and analytically minded professional with excellent quantitative skills
Superb communication and interpersonal skills with the ability to foster and develop relationships with partners, stakeholders, and colleagues across the organization
Ability to work independently and collaboratively to enact results and achieve desired outcomes.
Exhibits Choice Properties' CORE values and Blue culture to deliver results
MBA or professional designation such as CFA, CPA, AACI is considered a strong asset

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength.

We have made it a priority to reflect our nation's evolving diversity in the people we hire, and the culture we create in our organization.

Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing.

Upholding the law is part of our Code of Conduct - it reinforces what our customers and stakeholders expect of us.

Number of Openings:
1