Senior Financial Analyst - Real Estate
Fengate, Canada
Job Description
Company Description:
Fengate is an asset management firm that specializes in customized investment funds with a strategic focus on infrastructure, real estate and private equity. We are trusted developers and active managers of real assets, providing investors with special access to tailored investments with reliable, long-term returns. With operations in North America and select international markets, we have a global reach built on strong Canadian roots and a well-established track record of successful investments.
Founded in 1974, Fengate started as a real estate management business in Ontario, Canada. Over the last 40 years, we have transformed our business to become one of Canada’s leading real asset management firms, with offices in Toronto, Oakville, and Houston. Since 2007, Fengate has been recognized as one of Canada’s Best Managed Companies. Fengate’s Real Estate Group is in the business of asset management for pension funds across a wide variety of real estate asset classes including income producing stabilized assets and management of those assets, end to end development of a large pipeline of real estate land development, industrial, office, retail, retirement and student housing assets.
Position Description:
The Senior Financial Analyst will report to the Manager of Finance, Real Estate. The individual will be supporting the accounting and reporting for Fengate’s income producing properties (IPP), predominantly on the multifamily portfolio and will also be assisting on other commercial IPP portfolios. The role will also support the returns calculation for the IPP portfolios. This role will have the opportunity to interact closely with the Finance, Property Management, Developments, Asset Management, Investments and 3rd Party consultant teams.
The successful individual should have real estate experience and be familiar with reporting of real estate assets. The successful candidate will be driven for growth and genuinely curious; that enjoys working in a fast-paced environment; can multi-task, efficiently prioritize and work under timelines and manage multiple stakeholders; is detail and process oriented with a high sense of ownership in their work; and has a strong foundation in accounting and reporting.
Key Functions and Responsibilities:
- Responsible for supporting the IPP and our internal and 3rd party full cycle day-to-day accounting which includes review of journal entries, accruals, reviewing accounts payable, oversight of bank reconciliations, HST reconciliations and balance sheet account reconciliations
- Preparation and review of monthly and quarterly financial statements for internal management and investors
- Assist with year-end audit processes through the preparation of audit working papers
- Maintain the day-to-day operations of fund investments through banking operation, cash distributions and intercompany transfers with a keen sense of detail and understanding of cashflow
- Collaborate with accounts payable closely to organize, code, and submit vendor invoices for payment in a timely manner
- Oversight of monthly cash flow projections and cash distributions to investors of the properties which are held in the IPP Funds with institutional investors
- Support the debt/capital monthly treasury function and other ad hoc reporting related duties
- Calculation of quarter and annual returns using IRR and weighted capital and model improvements
- Generate and review the monthly reporting dashboard for senior management review
- Document a process to ensure compliance across different funds based on partnership agreements
- Assist the reporting team in tracking, summarizing and analyzing year over year asset management fees including completeness of fees charged to investors as part of compliance work
- Develop good business rapport with the operations team, finance team and other stakeholders
- Identify and implement continuous process improvements across different areas of scope
Requirements
Preferred Qualifications and Skill set:
- Undergraduate degree in accounting, finance, or other relevant technical discipline
- CPA designated, with 3+ years of relevant experience in the industry
- Experience with working in the real estate space, asset management experience is an asset
- 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 financial statements and note disclosures need to be presented and reviewed
- Genuinely curious with a desire to understand key metrics and drivers
- High attention to detail, understanding of accounting principles, ASPE, GA