First Capital [TSX: FCR.UN] is a leading owner, operator, and developer of mixed-use real estate located in Canada’s most densely populated cities. First Capital’s focus is on creating thriving urban neighbourhoods to generate value for businesses, residents, communities and our investors.  We strive for performance excellence at our properties and new developments, creating healthy and sustainable urban neighbourhoods.  As one of the Greater Toronto Area’s top employers, we foster a vibrant corporate culture that ensures equal opportunity and well-being for all employees in a dynamic and rewarding workplace.

SUMMARY:

The Senior Analyst, Development will be responsible for providing financial and other support on a wide range of development projects across the First Capital portfolio, including major or minor redevelopment of retail and mixed-use projects. The Senior Analyst will oversee the development, interpretation, and implementation of financial models to evaluate and propose recommendations on investment, development, and redevelopment projects, whether independently or through a JV partnership. This will include development proformas and cash flow models, investment analyses, and other financial analyses for decision-making purposes.

PRIMARY RESPONSIBILITIES:

• Create detailed financial models for single and multi-phase development projects including multi-family residential, retail, office, and hospitality property types.
• Obtain inputs and assumptions for a development proforma through market research, review of third-party reports, and collaboration with various teams across the organization including Construction, Leasing, and Operations.
• Conduct financial analysis, prepare scenarios and sensitivity analysis to inform decision making and evaluate investment options.
• Coordinate with the required groups to ensure accuracy of the information being provided and evaluate options to improve the project return.
• Assist in the creation of presentations and investment memorandums to facilitate the project approvals process.
• Review financial planning and reporting of joint venture partners and complete internal management reporting on major projects using the standard template.
• Perform variance analyses and reconciliations.
• Coordinate with the required groups to complete the monthly cost-to-complete process for projects currently under development.
• Prepare various project and portfolio reports to be used by internal and external stakeholders.
• Work closely with the Valuations, Investments, and Development teams on various group initiatives and special projects.
• Participate in special projects and take on other duties, as assigned.
  
  

KNOWLEDGE, EXPERIENCE AND SKILLS:

Required level of education and job-related experience:

• Three (3) to five (5) years of experience with a minimum of two (2) years in development (exposure to multi-family residential is required).
• Additional experience in investment, asset management, brokerage, lending, or valuations is considered an asset.
• University degree with an emphasis on finance, real estate, or urban planning.
• MBA, CFA, CPA, or AACI are considered an asset.

Specific Skills:

• Strong financial modeling skills and a solid understanding of finance concepts and terminology.
• Proficiency in Excel, Argus, PowerPoint, and Word.
• General knowledge of related development fields including leasing, operations, design and construction.
• Excellent communication and presentation skills.
• Passionate team player with the ability to drive results by collaborating positively with internal and external project stakeholders.
• Oriented to produce high-quality work product with ownership.
• Ability to work independently in a dynamic environment, dealing with competing priorities and deadlines through organizational and time management skills.

WHAT WE OFFER:

We invest in People. Along with our competitive compensation packages—we’re always thinking of new ways for our people to share in the company’s success. We are very proud to offer the following to our employees:

• Flexible Hours
• Remote workdays
• Company-matched savings plans
• Annual Wellness Subsidy
• Tuition & Development Program
• Employee Referral Program
• Rewards and Recognition Programs
• Paid time off during December holiday season
• Parental leave benefits

First Capital is proudly a fully vaccinated workforce to ensure the safety of all our employees and visitors. Following guidance from the government and individual public health units, all First Capital Employees are required to be fully vaccinated (unless a valid exemption applies), as a condition of hire. Additionally, Successful applicants will also be subject to a background check.

Our people are what makes us different. At First Capital we are committed to workplace diversity and inclusion within our organization, therefore, we encourage all qualified persons from all backgrounds to apply. Accommodations are available, upon request, to all applicants with disabilities throughout our hiring process.