Analyst, Low-Rise Asset Management

at  Greybrook

GREYBROOK REALTY PARTNERS

Greybrook is a leading Toronto-based private equity firm with a core focus on real estate development. We have invested equity in over 110 residential and commercial real estate projects with an estimated completion value exceeding $40 billion. We actively manage investments in collaboration with our top tier developer partners on behalf of individual and institutional investors in 30+ countries globally. Additionally, with roots in health care, Greybrook has pioneered and invested its proprietary capital in several commercial-stage healthcare and healthcare service related businesses, acting as a catalyst for long-term growth.

OVERVIEW OF POSITION

The Analyst will support the Low-rise group within the Asset Management team in underwriting, due diligence, and financial modeling functions, and providing analytical support on multiple projects, market research and day-to-day team support in a fast-paced environment.
Greybrook Realty is seeking a talented and well-rounded individual with strong financial analysis and financial modeling skills, and a proven track record of academic and professional excellence. The ideal candidate will have exceptional analytical abilities, a keen interest in residential real estate development and investment, and a desire to build a deep understanding of the real estate development process while working alongside a team of skilled development and investment professionals.

QUALIFICATIONS & EXPERIENCE:

• Must have at least 1 year of relevant financial modeling experience in real estate investments, development, investment banking, or real estate audit.
• Minimum of a bachelor’s degree in finance, accounting economics, engineering, or related field.
• Ideal candidates will have a professional finance or accounting designation (e.g., CFA, CPA/CA).
• Strong modeling skills in MS Excel.
• Ability to gather, synthesize and organize large datasets.
• Highly resourceful problem solver and quick learner
• Strong communication and interpersonal skills, ability to network with real estate brokers and other market participants to gather required market intelligence in a geographic submarket.
• Ability to work in team and a self-starter working in a fast-paced environment.
• Strong time management skills and experience managing multiple projects simultaneously.
• Reliable, focused, and detail-oriented.
• Responsive and acts with foresight.

Acquisitions

• Support Associates in completing diligence - document reviews (e.g., review and summarize zoning, environmental, planning comments, legal documents)
• Conduct required market research.
• Prepare initial proforma and basic to intermediate financial modeling with support from Associates and VP eventually assisting in the creation of complex financial models for ground-up residential real estate development.
• Gather and prepare data sets that support modeling assumptions (e.g., construction costs, development charges, building permit fees, look at other projects)
• Assist Asset Management teams in preparing Investment Committee Memos
• Assist Associates in preparing deal launch documents.
• Support the team in conducting research, collecting and organizing data, and preparing offering documents and memos in connection with Greybrook investment offerings.
• Work with Legal to provide all necessary inputs from investment documents and regulatory filings.

Semi-annual Financial Reforecasting and Reporting

• Support the Asset Management teams in the preparation of financial reporting and analysis of results on a semi-annual basis.
• Receive budgets from the developer partners and update Greybrook’s proforma, verify, flag and escalate any concerns, plugging in trial balances, balance sheets, costs-to-date and preparing documentation received from the partners.
• Support associates as needed during executive reporting in the update of the models.
• Complete numerical verification for all investor reports as part of quality assurance process.
• Upload, verify and manage financial projections and project data into Salesforce; map data from Excel to Salesforce.

Market Research

• Gather, track, maintain, and disseminate up-to-date market data with commentary pertaining to the target real estate market with focus on residential development and multi-family by collecting and analyzing data from RealNet/Urbanation.
• Create real estate market intelligence / data reports on specified local markets to support due-diligence, project underwriting and monitoring.
• Regularly create real estate market intelligence reports on specified local markets based on both available market data, and information gathered first hand on the sales velocity, product, pricing, trends, challenges, and other real estate market characteristics that help form a complete and thorough assessment of the supply and demand in an area (i.e., city or neighbourhood).

Support Asset Management Team

• Support the Asset Management team in completing annual Fair Market Value analysis.
• Support process improvement, maintain up to date department documentation and information management.
• Other duties as assigned.