Financial Planning, Budgeting & Forecasting:

• Lead the planning, development, launch, and management of annual and long term capital budgets & plan for all development and construction projects, collaborating with the development team to set revenue and expenditure targets.
• Develop short- and long-term funding/financing strategies aligned with available funding and TCHC’s financial goals.
• Monitor and review budget performance, project profitability, and costs. Explain key variances and provide mitigation strategies.
• Lead development and construction project forecasts including financial, cash flow, and pro forma statements.
• Lead accurate financial modelling for high-profile construction or redevelopment projects to support senior management’s strategic decision-making.
• In charge of a team responsible for scheduling and facilitating of management committee meetings with our development partners, as required.
• Oversee TCHC’s requirements in preparation of agenda, meeting minutes, and facilitating the meeting as required
• Oversee adhoc analysis related to development projects as required
• Highlight financial risks, non-compliance, issues, and recommend solutions to the Chief Financial Officer for any development requirements including but not limited contract review

Project Finance & Risk Management:

• FInance lead in negotiations relating to development projects which includes participating in funding negotiations, development partners negotiations and other agreement negotiations as required. Activities will include financial modelling, risk identification and mitigation strategy
• Overseeing a team responsible for capitalizing on funding and grant opportunities which includes comprehensive funding analysis and modelling, this includes proformas and cashflow analysis for multi-residential real estate projects, applying for funding & grant opportunities, sensitivity and scenario planning analysis, business model analysis, providing recommendations to decision makers etc.
• Finance leads to obtaining funding either through loans, grants, or other alternative means. Collaborating with Manager of Treasury to ensure financial due diligence process on funding applications and support discussions with external stakeholders to secure project financing as required.
• Oversee any loan receivables or payables related to development and construction projects. Lead any resolution as required and collaborate with internal stakeholders accordingly.
• Ensure compliance to any financial requirements and sufficient control procedures related to any development or construction related agreements or processFinance lead in participating monthly development meetings
• Oversee process to funding partners to obtain funding or cost recoveries and collaborate with other divisions as required.
• Oversee in reporting process funds received vs forecasted funding reported to the board

Financial Reporting & Accounting:

• Manage a team to oversee financial reporting requirements related to development projects including audits, transaction accounting, and review of developer financials.
• Oversee capital calls, draw requests, invoicing, and ensure alignment with agreements, budget, and accounting standards.
• Review journal entries, receivables, schedules, and financial reports.
• Develop and enhance financial policies and procedures related to development and construction.
• Oversee any reporting requirements financial or non-financial reporting requirements
• Review and sign off on HST submission related to development projects
• Provide finance solution on any development issues as required (e.g. DSA issues, budget reallocation, accounting issues)
• Sign off on any reporting requirements related to development projects (which includes board reports, statistics canada, financial reporting requirements)

Team Leadership & Development:

• Lead a team of Manager and Senior Financial analysts, overseeing their work on financial reporting, reconciliations, and transaction processing.
• Offer guidance and support to team members, fostering a culture of continuous improvement and high performance in financial management.
• Collaborate with the development team to ensuring development projects are in compliance with municipal, provincial, and federal regulations or agreements.
• Oversee the review or preparation of financial updates and development & construction projects related presentation to the Board, Senior Management and the City of Toronto
• Establish clear performance objectives for the finance team, conducting regular reviews and providing constructive feedback.
• Attend and participate in monthly partners’ meeting to discuss project status report issues
• Ensure all issues related to the project are communicated, and addressed in a timely manner
• Work closely with development, external partners and legal teams to provide financial input on strategic decisions.
• Identify areas for improvement in financial processes (e.g., automating reconciliations, streamlining budget preparation), implementing solutions to increase efficiency.
• Duties as assigned