Manager, Investments, Canada
City : Montréal
Category : Full time
Industry : Real Estate
Employer : Ivanhoé Cambridge
We invest globally and act locally for a sustainable impact in communities
As a global real estate industry leader, our mission is to generate long-term value for our 6 million depositors in Quebec and to have a positive environmental and social impact on both the people who work for us and the businesses that call our properties home. We develop and invest in real estate assets and projects that help enhance the urban fabric of communities in the midst of renewal, and create lifestyles in tune with the changing needs of the occupants of today and tomorrow. Our vision: to invest in a way that maximizes value and sustainability as we bring human-scale developments to the world.
Ivanhoé Cambridge is:
- A real estate subsidiary of Caisse de dépôt et placement du Québec, a global investment group (cdpq.com)
- C$69 billion in assets in the office, retail, industrial, logistics and residential markets
- Strategic investments in a worldwide portfolio over 1,200 properties strong
- A diversified, multitalented team committed to creating spaces that bring people together to live, work and play
- Office environments designed to foster collaboration and creativity, rooted in a flexible, technology-enabled experience
Digitally connected, sustainable and state-of-the-art: A workspace that meets your expectations
- New work spaces that make teamwork easier than ever and spark creativity at every turn
- The flexibility and technological tools you need to take your performance to new heights
- A barista, snacks and special theme meals, employee lounges and outdoor patios, complete with therapeutic lights to keep you at the top of your game
- Tuition and professional development fees reimbursed to empower your career advancement
- Time to devote to charitable endeavours so you can leave your personal mark on the communities where we work and invest
- A stimulating, supportive and inclusive environment where your health, safety and well-being are our top priorities
Unlock your potential working with a dynamic team
Reporting to the Co-heads, Investments, Canada, the incumbent helps execute investment strategies for the investment market in Canada, in accordance with Ivanhoé Cambridge’s business plan. He or she analyzes and recommends investment opportunities, coordinates due diligence activities, participates in negotiations and arranges the transfer of each file to asset management once the transaction is complete.
Specific duties include the following:
Assist the Co-heads, Investments, Canada in analyzing real estate deals;
Responsible for sourcing acquisition/development opportunities and investment management of joint venture, separate account and direct investments with a primary focus in Canada;
Negotiate new investment opportunities including term sheets, LOI’s, JV documents and tax and legal structuring;
Manage the Investment Committee process including overseeing preparation of the Investment Memo and presentation to senior management;
Conduct site inspections, market research and property due diligence in target markets. Oversee the underwriting and due diligence process through closing;
Working in conjunction with Asset Management, provide oversight of existing Canadian portfolio, including development projects, with regular performance updates, operations, valuations and capital budget reviews.
Ensure alignment of international program with Ivanhoé Cambridge’s real estate strategic plan, goals and objectives;
Actively manage development projects including manager and contractor oversight;
Review and manage the internal real estate group risk management and approval processes for international real estate investments. Ensures compliance with Ivanhoé Cambridge’s real estate policy and investment guidelines;
Provide regular internal reporting and present to senior management.
Monitor and regularly assesses external managers as to investment performance, risk management, financial controls, and efforts to perform as a responsible property investor;
Provide mentorship to other members on the team and be a trusted and resourceful member of the International team;
Coordinate and revise the financial analyses of investment projects prepared by the group’s analyst; evaluate deal strengths and weaknesses and make a recommendation;
Help negotiate deals and participation agreements for investment deals and/or partnerships;
Coordinate the activities of various internal departments (legal affairs, taxes, insurance, etc.) and external services (market, financial, business plan, physical/structural and past performance analyses for partners/developers related to investment activities);
Coordinate consulting projects assigned to professionals hired as part of the due diligence process for investment projects; check their work;
Prepare the relevant documentation and supporting paperwork for investment due diligence to regularly monitor and demonstrate compliance with internal procedures;
Monitor target markets and maintain a network of industry contacts (appraisers, brokers, property managers, etc.) to obtain the up-to-date information necessary to properly assess markets and investment projects.
The toolbox we are looking for
Undergraduate degree in finance, business administration, real estate or accounting;
Graduate degree, an asset;
CPA and/or CFA designation, or equivalent, an asset;
At least eight years of relevant experience; Transactional experience in investment and/or investment banking (capital markets) an asset;
Experience in different real estate asset classes is preferred but industrial and multi-family experience is required;
Proven skill at financial modelling;
Interest in real estate investing;
Talent for financial analysis;
Superior communication skills, with the ability to work and communicate effectively with a wide range of people, including senior management. Experience in preparing and presenting high quality presentations to Executive Teams, Investment Committees or Boards;
Very effective interpersonal skills, with the ability to build collaborative relationships with external partners and internal teams from various backgrounds and across functional areas to achieve goals. Has a Team-first attitude and can collaborate effectively with other Ivanhoé Cambridge departments;
Successful record of accomplishment and demonstrated experience in analyzing complex real estate transactions, developing business plans, and executing on those strategies and plans to achieve intended objectives;
Ability to establish productive working relationships with internal and external stakeholders;
Proactive, forward-thinking and results-oriented;
High level of proficiency in Argus, Word, Excel and PowerPoint;
Availability to travel locally and in the rest of Canada with minimal notice;
Availability to work flexible hours;
Ability to perform under pressure with tight deadlines;
Ability to distill and present information effectively; strong attention to detail; dynamic and outgoing;
An excellent critical thinker with strong attention to detail yet also able to see the bigger picture;
Comfortable and effective in a high growth, fast-paced and fluid environment, able to shift priorities and adapt.
Self-motivated and self-directed with a team mindset;
Embrace and pro-actively support Ivanhoé Cambridge’s values and its culture of environmental sustainability and corporate and social responsibility;
Excellent command of written and spoken French and English with good business writing skills; you will be working with partners across Canada.
You’re in the right place!
Our people are the heart of our organization. Come be part of our team and enjoy the perks of a flexible schedule, remote work arrangements, and flex days in addition to annual vacation leave — all to help you balance your personal and work obligations, have time to get involved in your community and maintain a healthy lifestyle. You will also be entitled to a comprehensive array of healthcare benefits and take advantage of a myriad of opportunities to grow and learn.
Diversity, equity and inclusion: Our main priorities
At Ivanhoé Cambridge, we are proud to champion the principles of diversity, equity and inclusion — which can be seen and felt in everything we do and everything we strive for. As a leading player in the global real estate ecosystem, we are committed to harnessing opportunities to create inclusive, community-centric spaces and forge a just, forward-looking future where our industry and our talent are supported and nurtured.
We firmly believe that diversity, equity and inclusion are the forces propelling innovation. In order to ensure we can have a positive impact on the communities where we live and work and where our investments are based, we are dedicated to creating a stimulating environment where everyone can aspire to and achieve excellence. Ask us about any accommodations you might require to ensure the recruiting process is a fair and equitable process for all. Note that any such accommodations will be treated with the utmost confidentiality.