Financial Analyst

Starlight Investments, in conjunction with WP Osborne Executive Search, is seeking a Financial Analyst to join their U.S. Residential Finance team.

Financial Analyst

Starlight is one of the most exciting real estate firms to work for in Canada with a track record devoted to creating long-term investor value. Starlight co-invests in each asset, creating meaningful alignment in each of its strategies including joint ventures with institutional partners, publicly traded real estate investment trusts and publicly traded real estate investment funds. Starlight’s US Residential business currently manages 37 multi-family communities in aggregate value of over $4.0B USD. The properties are managed via different vehicles including publicly traded entities and private/institutional partnerships.

This role reports to the Manager, Finance, U.S. Residential and is dedicated to assist with financial analysis, external and management reporting, corporate accounting, FP&A and liquidity and cash management. The Financial Analyst will help to support various aspects of finance within the US Residential team and is an excellent training ground to gain access to various aspects of financial management in a fast-paced, dynamic environment.

The successful candidate must be a motivated individual who is eager to learn, a strong communicator, works with an ownership mindset with excellent organizational and team management skills. The successful candidate must be able to effectively work with external and internal partners to ensure accurate and timely presentation of financial results. The candidate needs to be detail-oriented and possess the ability to think analytically while managing communication and various stakeholders within our organization and be able to work in a dynamic, high-growth environment.

This is an excellent opportunity for a professional working towards the CPA designation to gain hands-on experience managing the finance and accounting of a portfolio of real estate assets. This individual will receive on-the-job coaching and have exposure to all levels of management and leadership, as well as working cross-functionally with Asset Management and Investment Teams. We work in a collaborative and open environment and our head office is on the Bloor subway line (we cover Presto passes). We cover CPA professional dues, provide learning and professional development opportunities, as well as fun team outings and company events throughout the year.

Duties and Responsibilities:

Financial Analysis and Accounting

• Review and analyze the property financial results prepared by shared service accounting team to understand and highlight key trends/opportunities to improve financial results;
• Detailed preparation of consolidated account reconciliations to support external and internal reporting disclosures;
• Prepare corporate journal entries and maintain general ledger consistent with fund legal entity structures, including preparation of intercompany reconciliations;
• Assist with process improvement projects to streamline accounting processes, as required;
• Assist with accounting for acquisitions, dispositions and refinancing as incurred.

Financial Reporting

• Assist the external reporting team with preparation of external reporting documents including financial statements, partner presentations and MD&A;
• Assist with external audits including the preparation of working papers to ensure timely audit completion.

Liquidity, Debt and Cash Management

• Assist with the preparation of lender reporting requirements and ensure covenant calculations are completed accurately and delivered on time;
• Assist with the management of the partnership’s debt portfolios, including forecasting covenant compliance for future periods;
• Review monthly cash requirements, as required.

FP&A

• Assist the Senior Manager, FP&A with various aspects relating to the development and approval of annual business plans and budgets, as required;
• Assist the Senior Manager, FP&A in the review and analysis of quarterly reforecasts and annual budgets to ensure forecasts are attainable and reflective of current targets;
• Assist with development of analytical tools to measure key performance metrics and other ad- hoc analysis, as required.

Qualifications

The Financial Analyst will possess a University Degree in Business/Accounting and be working towards a professional designation such as CPA or CFA. The successful candidate will be proactive and self-directed with an ability to work independently and as part of a team; have excellent communication and interpersonal skills, and the ability to deliver results while prioritizing competing demands in a fast-paced, dynamic, deadline-driven environment. Advanced experience with Microsoft Suite, in particular Excel.

Application

Qualified candidates can submit their resume via LinkedIn. We thank you for your interest in this role, however, only those selected for further consideration will be contacted.

WP Osborne Executive Search

WP Osborne is a privately owned search firm delivering full-service recruitment expertise for over 20 years to a broad range of clients in the real estate industry. Our expertise extends across every major asset class including multi-residential, office, industrial, retail, mixed-use, condo, hotels, and senior living across the functions of asset management, investments, development, construction, leasing, property management, portfolio management, finance, marketing, IT, HR and strategy.

Reference #1354 – Financial Analyst