Director, Finance & Operations Director, Finance & Operations …

Brookfield Asset Management
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Competitive
Brookfield Asset Management
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Competitive
Director, Finance & Operations
Brookfield Asset Management is a global alternative asset manager with approximately $365 billion in assets under management and more than a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. Brookfield sponsors and manages funds, investment strategies and mandates on behalf of investors with over $127 billion of fee bearing capital. 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.

Brookfield Property Group (BPG) 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, BPG is one of the world's largest and most sophisticated owners, operators and investors in property.

We are best in class in our field, because of our greatest asset, our people. 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. If you possess outstanding interpersonal skills, result driven, and are innovative, then we encourage you to take your career to the next level and apply for this exciting opportunity with us.

Job Description

The Director, Finance & Operations 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.

Responsibilities:

Team Management
  • Train, mentor and motivate a team of 3-5 finance professionals
  • Review work of team members and provide feedback for improvement
  • Monitor and analyze team performance in order to achieve performance targets
  • Plan resources in line with business requirement and demands
  • Lead, coach, develop and evaluate team members

Oversee legacy funds and special project as needed. Manage investor reporting and review management fee and waterfall calculation for fund reporting

Onboarding and offboarding investments - including review of organizational structures, review of fund flow in close coordination with tax, open bank accounts, review loan agreements, review cash management agreements, review closing statements, purchase price allocations, onboard third-party property managers, etc.

Manage investments
  • Review the entire investment operations and reporting process and provide guidance to drive quality and consistency in deliverables
  • Review various financial information and analytics to ensure accuracy of reporting as well as optimal performance
  • Review materials fr 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 compliance, REIT compliance, statutory compliance, governance & control testing, etc.
  • Manage investor capital calls and distributions

Reporting - Fund reporting and investment property reporting
  • Review financial statements and investor reporting prepared in accordance with US GAAP - Investment Company Accounting and IFRS
  • Manage the external audit and tax reporting process with big 4 firms
  • Provide oversight of quarterly reporting deliverables, including board meeting materials

Financial, Planning & Analysis
  • Review valuation models
  • Work with asset management team to develop an annual budget as well as a 5 year business plan
  • Review regular forecasting/re-forecasting and related analytics
  • Monitor liquidity and assess capital needs for the business

Assist with value-add initiatives
  • Assist as needed with due diligence related t refinancing, dispositions, development and re-development
  • Identify areas fr process improvement and enhancement; design and implement automation improvement
  • Assist with system enhancements with fcus on making scalable for future growth and increase efficiency, including acting as the key finance liaison and training staff and third party accounting teams
  • Assist and liaise with the tax consultant as necessary for real estate tax reassessment and appeals


Qualifications

Service / Personal Skills:
  • Strong organizational skills and ability to prioritize work and meet multiple deadlines in a fast-paced team environment;
  • Experience in managing and coaching a team and overseeing the execution of various work streams
  • Team oriented with good coaching skills, demonstrated leadership ability and initiative
  • 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
  • Self-motivated and proactive, with respect to both managing workload and professional development.


Experience / Technical Skills:
  • Recognized professional accounting designation (CPA, CA preferred)
  • Professional accounting designation with at least 10+ years of progressive work experience with a mix of public accounting and industry experience; experience in real estate is considered an asset
  • Minimum of 5+ 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
  • Knowledge of IFRS and US GAAP - Investment Company Accounting in relation to real estate investment


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