City : Toronto/Downtown

Category : Financial Planning & Analysis

Industry : Real Estate and Rental and Leasing

Employer : Toronto Community Housing Corporation

What we offer

In addition to a competitive salary and a rewarding career where you can truly make a difference, we offer a comprehensive package that meets the various needs of our diverse employees, including:

• Ability to participate in inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities;
• Minimum four (4) 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.

This job offers the opportunity to work from home as part of a hybrid work arrangement. This arrangement will allow you to work some days at a TCHC work location and the rest of the time from home. The amount of time required to work at a TCHC work location is flexible, while considering operational and service delivery requirements.

Make a difference 

Are you passionate about financial planning and looking for an opportunity with an organization that invests in its communities?  If so, we want you! We are searching for a collaborative and strategic leader who enjoys working in a fast-paced environment.  

In the Director, Financial Planning & Analysis and Decision Support position, you will lead and oversee company wide annual budgeting processes including consolidation, analysis of budget, implications and preparation of board package, as well as managing the financial analysis of development project business plans, annual budget, quarterly reforecasts, including pro-forma of building net operating income, debt capacity, proposal of financial plan such as bridge and long term debt.

Working closely with the Chief Financial Officer, you will establish the portfolio financial plan for the company specifically addressing cash flow shortfalls and identifying potential financing plan and assessing risk analysis for financial sustainability of financial plan alternatives.  You will also lead and direct the development and implementation of special projects and initiatives. 

What you'll do

Management of annual budgeting process

• Oversee consolidation and development of consolidation framework of company-wide cost centres including operating units, departments, development subsidiaries
• Prepare annual budget presentation package for board members, highlighting material assumptions and trend of company’s operating environment
• Present, collaborate and negotiate with the City of Toronto Stakeholders to develop the annual budget
• Identifies areas of improvement, opportunity for digitalization and other process modernization initiatives

Oversees financial implications of Project Plans

• Working closely with functional leaders, identifies and highlights financial risks associated with projects
• Prepares reports and proposes financing plan to address potential cash shortfalls
• Manages the financial analysis of development projects including annual budget and quarterly reforecasts, variance analysis against actual results, pro-forma of building operating revenue and expenditure and debt capacit

Corporate and portfolio financial planning

• Working closely with CFO, identify areas and properties of financial deficiencies and proposes remediation plan

Quarterly financial performance report

• Manage quarterly analysis and reporting to board of actual results against budget, highlighting explanation for material variances

Ad-hoc financial analysis

• Provide valuable financial analysis on results using short and long term budgeting and forecasting, rolling budgets and similar financial analysis, to provide insight on trends and enable forward looking decisions.
• Provide financial analysis support for ad-hoc requests from CFO

What you'll need

• 7-10 years of progressive/management experience with a focus on corporate financial analysis.  
• 10+ years in senior management role with corporate accounting and financial analysis in complex real estate organization (250+ staff) with experience in managing large and complex budgets preferred
• University degree in Finance, Economics, Business or related field; MBA preferred
• CPA Accounting Designation 
• Knowledge of Yardi Accounting System including automated budgeting forecasting and reporting modules/applications would be preferred
• Strong experience and knowledge in documenting, establishing and maintaining sound financial internal controls
• Experience leading a team of competent Financial Analysts with the proven experience in recognizing the importance of building consensus among multi-level stakeholders within the organization to achieve results.
• Proficient communication, interpersonal and organizational skills in order to build effective business partnerships with leaders across the organization and staff of other teams.
• Possesses sound business judgment to make decisions and follow through on delivering results with a sense of organizational agility.
• Demonstrated experience to drive accounting and budget system process improvements (i.e. in the field of digitization or transformation)
• Comfortable and thrives in working within in a highly complex and fast paced work environment.  
  

Please note: as part of the hiring process, applicants will be asked to complete a credit and criminal background check.

What’s next

Once you apply, we’ll review your resume and contact you if we believe your skills and experience will make you successful in the role. If you are selected to move forward, the process will include one or more interviews and/or assessments and reference checks.

INDS