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Director, Investment Finance
About Equiton:
Founded in 2015, Equiton is a recognized leader in private equity investments, and we believe all Canadians should be able to responsibly build their wealth through high quality real estate investments. Our exponential growth is a direct outcome of our leadership team understanding how the industry works and how to create long-term wealth through real estate investing. We’ve discovered that finding the right opportunities involves time, experience, and discipline. Our strategy is always forward-looking, anticipating trends and adapting our selection to strengthen our market position, capitalizing on value creation opportunities, and building the most robust portfolio possible for our investors. We attract diverse, exceptionally talented people and create an atmosphere that rewards initiative, independent thinking, and integrity.
About the Position:
Reporting to the CFO, the Director, Investment Finance is a strategic partner to the leadership team, providing timely and high-quality financial analysis and interpretation for all aspects of the accounting and quarterly reporting for Equiton’s real estate investment funds. The role interacts with internal/external stakeholders and works closely with the Finance and Sales teams.
Equiton has a strong growth mandate, as such, the Director, Investment Finance will establish the Fund Accounting/Investment Finance team in terms of expertise/bench strength, new process and best practices. The successful candidate must offer exceptional leadership, strategic and operational expertise.
Key Functions and Responsibilities:
- Forge strong relationships with departments to provide thoughtful and comprehensive analyses, KPI’s and dashboards that assist in strategic decision-making, capital raise and internal controls
- Direct the development, implementation and updating of policies, procedures and internal controls to meet operational and management needs whilst ensuring compliance
- Working closely with project teams and department leaders to identify process improvements initiatives on project pro-forma flow and accuracy
- Support project teams in the preparation of quarterly pro-forma models and Capital Allocation Committee submissions
- Key liaison to Treasury in coordinating the setup of all project financing and on-going review / support of credit arrangements
- Prepare information for annual reports of the publicly listed entity and the annual reports of quarterly funds in other jurisdictions as required
- Manage capital calls and distributions for the private funds and quarterly dividends for the publicly listed entity
- Prepare and manage compliance related information requests and reporting
- Research accounting issues (ASPE, IFRS and GAAP) and develop solutions to financial reporting issues
- Manage the Fund Accounting and Investor Services Team – focusing on exceptional customer service to our clients
- Actively participate in an effective and efficient fund administration function, ensuring appropriate controls with a longer-term vision to leverage technology to automate the process
- Prepare or review monthly calculations for each investor class for the Company’s fees, income allocations, and net asset value Manage the preparation of the books for the fund(s); Review work submitted by Fund Accountant(s)
- Review current processes and workflow; Identify deficiencies and implement improvements.
- Main point of contact with third party custodians of funds
- Main point of contact with Investors/Firms/Dealers/Internal Wholesale and Retail teams/Customer Service/Compliance and Sales and Marketing
- Coordinate and work with internal IT Development Team to ensure proper flow of information from custodial investor platform and outputs
- Prepare quarterly financial statements and KPI reports. Review work of Fund Accountant(s)
- Review Fund Valuations four times a year
- Assist with the onboarding and disposition of assets
- Monitor and assist in the management of the cash for the funds and properties
- Manage the Distribution, Redemption and Capital Call process
- Review and approve monthly Unit ledgers, Distributions and Redemptions reconciliations
- Establish accounting and reporting structures for new funds
- Review property-level KPI’s and financials and work with Property Accounting on any questions/corrections
- Prepare or review Debt Compliance and submit to Corporate Accounting (Fund level)
- Point person for audits – Provide auditors requested items and various schedules for the annual audit.
- Point person for all tax-related matters – Provide tax preparers with various schedules and requested items for preparation of the tax returns
- Prepare and Review Fund level tax returns T3’s, T5008, NR
- Calculate ACB and other investor requirements
- Special projects and assignments as required
Required Skills and Abilities:
- Ability to review fund accounting processes and implement better/more efficient processes
- Excellent verbal and written communication skills with experience interacting with internal/external stakeholders (partners, investors, management, tax professionals, etc.)
- Ambition and desire to grow in the role and with the company
Education and Experience:
- CPA designation
- Experience in fund accounting/investment accounting/real estate accounting
- Corporate Accounting or Property Accounting experience
- Prior experience in public accounting
- Bachelor’s and/or master’s degree in accounting
Our Commitment to Diversity, Equity and Inclusion:
In addition to being dedicated to building a workforce that leverages diverse talent, we are committed to fostering an inclusive and accessible experience where all employees feel valued, respected and supported. We are an equal opportunity employer that values a culture that reflects and celebrates diversity of thought, background and experience. If you require accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know, so that we will work with you to meet your needs. We thank you for applying, however, only those selected to continue will be contacted.
Job Types: Full-time, Permanent
Salary: $150,000.00-$180,000.00 per year
Benefits:
- Company events
- Dental care
- Employee assistance program
- Extended health care
- Life insurance
- On-site gym
- On-site parking
- Paid time off
- RRSP match
- Vision care
- Wellness program
Schedule:
- Monday to Friday
Supplemental pay types:
- Bonus pay
Ability to commute/relocate:
- Burlington, ON: reliably commute or plan to relocate before starting work (required)
Work Location: One location
