Senior Financial Analyst - Financial Modelling and Financing
About The Position
Toronto Community Housing Corporation (“TCHC”) is the largest social housing provider in Canada and the second largest in North America. We are wholly owned by the City of Toronto and operate in a non-profit manner. TCHC provides homes to over 41,000 low and moderate-income households in 88 of Toronto's neighbourhoods, with 93,000 tenants from many different backgrounds with a diversity in age, education, language, mental and physical ability, religion, ethnicity and race. We are an essential part of the City of Toronto's fabric and social system. Our over 2,000 employees work to achieve our vision of quality homes in vibrant communities where people are proud to live and work. The Senior Financial Analyst - Financial Modelling and Financing is responsible for conducting thorough funding analysis and developing comprehensive financial models for funding opportunities and grants from the Canada Mortgage and Housing Corporation (CMHC) or other financial institutions. This role will lead the financial impact statement review of Board/Committee reports and support the refinement of business models to aid strategic decision-making.
Requirements
- University degree in Finance, Mathematics or Commerce
- Accounting designation i.e. CA, CMA, CGA or CFA designation
- Minimum of 5-7 years of experience in financial modeling and financing, and funding/grant analysis, preferably within the multi-residential real estate industry, or the non-profit housing sector
- Advanced proficiency in Microsoft Excel, including experience with complex financial models and VBA, or other economics modelling software and applications
- Experience with funding applications criteria and grant processes, particularly with CMHC, Infrastructure Ontario, and other similar funders
- Excellent analytical and problem-solving skills
- Strong communication and interpersonal skills, with the ability to present complex financial information clearly
- Ability to manage multiple projects and meet tight deadlines
- Detail-oriented with a high level of accuracy in financial analysis and reporting
Responsibilities
- Develop, maintain, and enhance detailed financial models for multi-residential real estate projects, including proformas and cash flow analyses, to evaluate funding opportunities and grant applications.
- Analyze funding proposals and provide detailed recommendations to senior management.
- Conduct sensitivity analyses and scenario planning to assess the financial impact of various assumptions and market conditions to support decision-making processes on the total construction project life cycle costing, as well as the operating proforma optimization.
- Collaborate with Development teams to gather necessary data and inputs for model development.
- Collaborate with City teams to perform TCHC portfolio wide analysis and support City Council housing projects delivery.
- Identify and evaluate financing stack and options for multi-residential real estate projects, including debt, equity, and alternative financing structures.
- Prepare and submit detailed funding applications, ensuring compliance with all requirements and deadlines.
- Liaise with funding agencies and financial institutions to secure and optimize funding arrangements.
- Prepare and present funding recommendations to senior management.
- Lead the review and analysis of financial impact statements for Board/Committee reports.
- Provide clear and concise summaries of financial implications, risks, and opportunities.
- Collaborate with cross-functional divisional teams to gather and validate financial data for reporting purposes.
- Provide strategic financial insights and recommendations to senior management.
- Support long-term financial planning and strategic initiatives by providing robust financial analysis.
- Monitor and report on key financial performance indicators and metrics.
- Support the refinement and enhancement of business models to align with strategic objectives.
- Conduct in-depth financial analysis to identify areas for improvement and optimization.
- Collaborate with business units to implement best practices in financial planning and analysis.
- Build and maintain strong relationships with internal and external stakeholders, including TCHC teams, cost consultants, and funding agencies.
- Communicate financial analysis results and recommendations effectively to non-financial stakeholders.
Benefits
- Ability to participate in inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities
- Minimum three (3) weeks of paid annual vacation days, increasing with years of service
- Four (4) paid personal days
- Defined benefit pension plan with OMERS, includes 100-per-cent employer matching
- Health and dental benefits, including a health spending account available upon your start date
- Employee and family assistance program
- Maternity and parental leave top up (93% of base salary)
- Training and development programs including tuition reimbursement of $1500 per calendar year
- Fitness membership discount
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What This Job Offers
Job Type
Full-time
Career Level
Senior
