Manager, Finance Manager, Finance …

Brookfield Asset Management
in Toronto, ON, Canada
Permanent, Full time
Last application, 17 Sep 19
Brookfield Asset Management
in Toronto, ON, Canada
Permanent, Full time
Last application, 17 Sep 19
Manager, Finance
Brookfield Asset Management is a global alternative asset manager with $350 billion in assets under management. We have over a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity. Our assets are held through a growing portfolio of private funds and public, listed entities. Headquartered in Toronto and New York, Brookfield has operations in more than 30 countries with a team of 750 investment professionals and over 80,000 operating employees. We are proud of our track record for achieving strong risk-adjusted returns for our clients, partners and shareholders across all market conditions. Brookfield is publicly listed on the NYSE and TSX.

Real Estate is Brookfield's largest investment platform, made up of sector-specific operating platforms in the office, retail, multi-family, industrial and hotel asset classes. With approximately $159 billion of property assets under management, Brookfield's Real Estate platform is one of the world's largest and most sophisticated owners, operators and investors in property. We look for talented individuals to join our growing organization and share our passion towards operational excellence for our portfolio of real estate assets and companies.

Position Description:

The Manager, Finance will be part of the Real Estate management team which is responsible for providing services to drive optimal returns from investments made by Brookfield managed funds mainly in third party managed assets in the Office, Industrial and Multifamily sectors. The role is based in Toronto and would also liaise with various teams within Brookfield and across functions. If you possess outstanding interpersonal skills, are results driven and innovative, then we encourage you to take your career to the next level and apply for this exciting opportunity with us.

Primary Responsibilities:
  • Onboarding investments - including review of organizational structures, review of fund flow in close coordination with tax, open bank accounts, review loan agreements, cash management agreements and closing statements, purchase price allocations, onboard third-party property managers, etc.
  • Manage investments
    • Prepare and review various financial information and analytics to ensure accuracy of reporting as well as optimal performance
    • Assist with stakeholder reporting including lenders, parent companies, fund investors, tax and other regulatory authorities
    • Prepare materials for valuation meeting, board meeting and quarterly results meeting
    • Review financial and management reporting for real estate portfolio assigned, including preparing and analyzing return goals (IRR, MOC, TWR)
    • Ensure lender, REIT and statutory compliance, governance & control testing, etc.
  • Financial, Planning & Analysis
    • Review valuation models
    • Work with asset management team to develop an annual budget and a 5 year business plan
    • Assist with regular forecasting/re-forecasting and related analytics and review
    • Monitor liquidity and assess capital needs for the business
  • Assist with value-add initiatives
    • Support as needed with due diligence related to refinancing, dispositions, development and re-development
    • Contribute to system enhancements with focus on improving scalability for future growth and increased efficiency
    • Liaise with tax consultant, as necessary for real estate tax reassessment and appeals
    • Motivate and manage members of Finance team as well as special projects as required

Required Experience / Technical Skills:
  • Recognized professional accounting designation (CPA, CA preferred);
  • Proven track record of success, with 7+ years of progressive work experience with a mix of public accounting and industry experience; experience in real estate is considered an asset;
  • Minimum of 2+ years of experience managing and mentoring a finance team;
  • Experience in accounting systems (i.e. Microsoft Dynamics, Yardi, Hyperion, etc.) and adaptability with learning new applications;
  • Advanced knowledge of Microsoft Excel and PowerPoint;
  • Understanding and interest in real estate and financial markets

Attributes / Personal Skills:
  • Strong organizational skills and ability to prioritize work and meet multiple deadlines in a fast-paced team environment;
  • Experience in managing a team and overseeing the execution of various work streams;
  • Hands-on team player who can set up and implement best practices;
  • Superior communication (written and verbal) and interpersonal skills; able to interact professionally with all levels of staff;
  • Self-motivated and proactive, with respect to both managing workload and professional development.