Employer: Harbour Equity Capital Corp
Position: Director
Terms of Employment: Full-time / Permanent
Location: Toronto, Ontario
Employment Address: Hybrid work arrangement – Office location at 500 - 36 Toronto Street, Toronto, Ontario M5C 2C5, and remote work permitted from home within the Greater Toronto Area
Hours of Work: 40 hours/week
Language: English
Benefits: Eligible for discretionary bonuses and/or salary increases in accordance with company policy. Eligible for dental coverage, extended medical insurance, disability insurance and pension.
Salary: $130,000 - $140,000 CAD per annum
Contact: Please send resumes to info@harbourequity.com and include “Director” in the email subject line.
Harbour Equity Capital Corp provides equity capital to experienced real estate developers throughout Canada by way of traditional joint ventures, preferred equity, and other hybrid structures. We invest in ground-up and value-add opportunities, either at the time of land acquisition or later in the development process, within a broad range of asset classes, including for-sale residential, apartments, student housing, retail, office, and industrial. Since 2011, Harbour Equity has deployed over $300 million to 60+ joint venture investments across Canada.
The Director will be a key member of the Investments team, taking a lead role in the underwriting of real estate development opportunities and quarterly/annual investor reporting. The successful candidate will have strong interpersonal and communication skills and demonstrate the ability to operate in a fast-paced environment with numerous competing priorities and reporting deadlines.
Duties:
• Build, analyze and evaluate complex financial models, cash flow forecasts and sensitivity analyses and write reports and recommendations
• Examine and analyze the feasibility of real estate investments, including review of project budgets, revenue forecasts, cost consultant reports, loan documents, construction contracts, draw requests, and other relevant financial information
• Undertake due diligence on joint venture opportunities, including review of municipal planning status, environmental and geotechnical consultant reports, financing terms, joint venture partner experience and background
• Review and analyze market data to support proforma revenue and cost assumptions
• Structure joint venture deals and draft term sheets for investment opportunities
• Draft investment memos and presentations for internal Investment Committee approvals
• Manage joint venture closing process on completion of due diligence process
• Review legal documentation for joint venture partnerships
• Evaluate the potential sale of existing assets
• Analyze investment returns at the project and consolidated fund level
• Manage relationships with joint venture partners and attend team meetings
• Prepare investor communications including quarterly/annual reports
Requirements:
• Bachelor's degree in Architecture, Engineering or Finance
• Master's degree in Business Administration or Real Estate
• 6+ years of relevant experience in the real estate industry
• Ability to take initiative and work independently on multiple projects simultaneously
• Team player with the ability to work well and closely with various team members
• Excellent communication skills, both written and verbal
• Strong organizational and time management skills
• Proficient in the Microsoft suite of products, including Word, Excel and Powerpoint
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