Development Analyst

Financial 

• Build customized financial models to analyze various development scenarios  

• Spell out key metrics and assumptions for analyzing risks and returns, including project hard costs and soft costs (e.g. - land, site preparation, construction, consulting, tenant improvement, legal, financing & carry costs, etc.) 

• Establish, review & maintain “best practices” for Development department’s financial models  

• Source, coordinate and manage financial-related project due diligence 

• Manage & maintain point of contact with project managers on specific development projects; providing interface to Yardi Job Cost management - project related Board & related committee approval materials, project budget updates, invoice approvals, contract commitments, etc.; liaising with Accounts Payable 

• Prepare, update & report on project development proformas, provide inputs to project budgets (from acquisitions through to development and construction) 

Project Management 

• Assist with information gathering and consolidation of customized responses addressing a multitude of incoming RFEI’s - Requests for Expressions of Interest, RFQs- Requests for Qualifications, and RFPs - Requests for Proposals for potential acquisitions 

• Support the Development department with updating & reporting on development pipeline proformas 

• Will be responsible for proforma creation and updating for annual budgets, monthly/quarterly updates, and leasing sensitivity analysis as required.  

• Will work with multiple internal and external stakeholders in the creation and updating of project proformas – which at times will feed into Board presentations. 

Strategic Planning 

• Manage market research, review and analysis  

• Collaborate with the team to identify sites within growth areas - once macro level growth by municipality has been identified - model out development opportunity (with possible phasing options). 

• Support the Investment Team to facilitate the acquisition process; and 

• Once a property(s) has been identified, track, report on, and undertake due diligence reporting for site(s), which identifies site specific opportunities and constraints for development. 

• Ad hoc responsibilities as assigned 

• A minimum of 3+ years relevant working experience 

• Well-developed valuation, financial analysis and modelling skills, including the ability to develop a financial model from scratch in Excel.  

• A relevant undergraduate qualification (Economics, Finance, Engineering or Business)   

• Exposure to relevant real estate development transactions 

• Prior exposure to the “healthcare” and “life science” asset class considered a bonus 

• Well-developed understanding of business fundamentals: development project life cycle, income producing asset operating models, cash flows. 

• Well-developed advanced Excel modeling, Argus modeling, and PowerPoint presentation skills 

• Ability to structure a deliverable / storyboard / presentation for Investment Committee & Board approvals 

• Knowledge of appropriate tools, techniques and intellectual capital to address transaction issues 

• Understanding of balance sheets and revenue streams for a development, versus stabilized assets 

• Strong commitment to professional and client service excellence. This is a “front facing” position (networking, brokers, consultants, etc.), so strong presence, poise and appropriate level of confidence 

• Proven analytical skills and systematic problem solving 

• Strong project management and communication skills. Ability to handle pressure and tight timelines 

• Travel could be involved  

Project Pipeline 

• Asset classes currently under development: Ambulatory Surgical Centre in GTA, planning for Medical Office Building in Toronto, upzoning efforts across the Canadian portfolio 

• Location of active development projects: Alberta (3 projects), Ontario (GTHA and downtown core) (3 projects), and Quebec. 

Salary Range  

CAD $90,000-100,000

Use of AI in Recruitment  

Vital Infrastructure Property does not use artificial intelligence (AI) to screen, assess, or select applicants. All hiring decisions are made by our People & Culture team and hiring managers.  

Existing Vacancy Disclosure  

This posting is for an existing vacancy within our organization.