Organizational Overview
Based in Vancouver, Community Land Trust (CLT) is a social purpose real estate developer focused on creating communities’ people are proud to call home. Established in 2015, CLT is a member of the CHF BC group of social enterprises. CLT stewards its real estate, asset management, development, and finance portfolios with access to shared corporate services of the CHF BC group.
CLT currently has more than 30 co-ops in their portfolio, with more than 2,600 occupied homes and another 750 homes in development or under construction in Victoria, Abbotsford, Maple Ridge, Vancouver, Surrey, New Westminster, Burnaby, Coquitlam, Kelowna and North Cowichan.
Over the past 10 years, CLT has grown significantly, building their own real estate, development, asset management, and finance divisions. Today, CLT has a real asset portfolio of approximately $1.25 billion, with $35 million in operating budgets and a team of 48 staff.
Our team of skilled industry professionals is focused on creating and advocating for inclusive communities that residents are proud to call home.
Purpose of the Position
Reporting to the Director of Finance, the Financial Analyst, is responsible for assisting and supporting the CLT in achieving their growth and overall strategic plan. This includes working on various aspects of our Real Estate portfolios, such as completing property valuations and market analysis and assisting in the preparation of underwriting for new construction projects, new acquisitions, and renewals of commercial mortgages. The ideal candidate will work collaboratively with all departments including Finance, Development and Real Estate and Asset Management to build out our internal and external reporting suite, including financial reviews of current commercial tenants.
In addition, they will also play a supporting role in loan administration by conducting annual reviews of existing mortgages and preparing various internal reports.
Key Responsibilities
Work with the Management team to create various new reports in order to enhance reporting suite available to internal and external stakeholders
Prepare cash flow forecasts and statistical reports
Prepare special reports for management and department heads by collecting, analyzing, and summarizing information and trends
Create, review and analyze proformas, scenario analysis, capital budgets, cash flows and partnership models (new construction, development, existing income producing properties)
Prepare development financing packages. Collect, validate and analyze all necessary financial information and perform due diligence to meet CLT’s risk and return requirements, including analysis of financial statements and review of third-party reports (appraisal, building condition, environmental)
Model debt and equity structures to determine optimal project profitability and risk mitigation
Assist with implementing and streamlining current processes in order to improve day-to-day business activities across the company
Analyze the market and collaborate in maintaining a database to monitor the real estate market and determine and validate the assumptions used in the financial analysis.
Extensive use of advanced Excel formulas to automate recurring analysis/working papers
Undertake and lead various ad hoc analysis as required on a regular basis
Participate in various Finance Department initiatives and special projects
Assist with placement and administration of development loans and equity partnership
Provide support to all Department heads as required
Education and Experience
Bachelor's degree in finance, business administration, Accounting or real estate; Other certifications or Master’s Degree, or enrollment in an applicable program preferred (ie. CFA, CMA, CPA, MBA)
A minimum of 3+ years of professional experience in finance and real estate or related area
Experience in the areas of real estate development, construction or project financing would be beneficial
Financial modeling experience and strong modeling skills
Data Analysis and Business Analysis experience
Skills and Abilities
Highly organized with the ability to simultaneously manage multiple projects and fulfill responsibilities in a fast-paced environment
Ability to work both independently and as part of a team
Excellent communication skills and collaborates effectively with others
Self-motivated and enjoys problem-solving in an unstructured environment
Solid quantitative skills combined with critical thinking capability
Strong work ethic with a proven ability to meet deadlines and work under pressure
Advanced Excel skills and proficient working with large data sets using exceptional analytic skills
Knowledge of accounting software SAGE & Arcori would be an asset
ERP systems implementation considered an asset
Compensation: $70,000 - $85,000/year. Salary commensurate with experience. Additionally, we offer a comprehensive benefits package.
Equity, Diversity and Inclusion
CLT Development Services Society is an equal opportunity employer. We hire based on merit and are strongly committed to equity, diversity and accessibility. Upon request accommodation will be provided throughout the recruitment, selection and/or assessment process to applicants with disabilities. We value diversity and encourage applications from individuals of all backgrounds and experiences.
