Forum Asset Management – Senior Analyst, Real Estate Development

Location: Toronto

Overview of Forum:

Join us in delivering Extraordinary Outcomes™ through investment.

Forum is a leading investor, developer and asset manager operating across North America for 25 years. Our core purpose is to deliver Extraordinary Outcomes™ to our stakeholders. Forum is proud to have delivered in the top tier of alternative asset returns since 2002, while positively impacting over 10,600 lives. Our investment strategy is focused on infrastructure, private equity and real estate. The enterprise value of our assets under management currently exceeds $1.7 billion and our projects attract top-tier investors.

We invite you to join us as we continue to grow and build something great together. The Forum team is adaptable, agile and dynamic and we're committed to sustainable and responsible investing. Our people represent a diverse mix of cultural backgrounds and professional experiences, bringing together unique perspectives and skill sets that deliver growth to our stakeholders through innovation and thought leadership. Our cultural values uphold integrity, trust and transparency above all else. We know that in order to achieve Extraordinary Outcomes, we need to grow and support an Extraordinary team. If this sounds like something you align with, we want to meet you.

Position Overview:

Forum is seeking a Sr. Analyst, Real Estate Development to play an impactful role within Forum's largest and growing platform – it's real estate business. With its focus on owning and developing (i) High turnover rental housing such as purpose built student accommodations and micro-units (ii) Self-storage facilities and (iii) Commercial assets secured by credit tenant leases — Forum's real estate business is poised for growth notwithstanding the challenging macro environment.

Reporting to the Managing Director, Real Estate Development with a dotted line to Directors within the Real Estate Investments team, the Sr. Analyst, Real Estate Development will play a pivotal role in creating and managing project pro-formas as well as providing critical support in financial modeling, underwriting, market analysis and construction cost analysis that are necessary in order to deliver on the successful execution and progression of real estate development projects. This role requires keen attention to detail, strong analytical skills, an understanding of real estate development and a proactive approach to managing financial responsibilities and project timelines and key milestones. The ideal candidate is passionate about development and currently holds an analytical role at a real estate development firm based in Canada.

Key Duties and Responsibilities:

• Project Management Oversight:
  • Meticulously maintain active development project pro-formas, including updating actuals, revising forecasts, quarterly reporting, current market assumptions, approval and construction timelines and performing variance & scenario analyses.
  • Support the development and investment team with ad-hoc reports, investment committee presentations for major project milestones and due diligence for new acquisitions efforts.

• Investment Analysis and Reporting:
  • Perform analysis of development feasibility and investment underwriting support to assess the economics and risks of potential investment and development opportunities.
  • Conduct comparable research and market analysis as needed to evaluate investment theses and support strategic decision-making.
  • Have a working knowledge and market understanding of current soft and hard cost assumptions as it relates to project team consultants and construction materials.
  • Prepare and deliver quarterly financial reports and monthly reports, ensuring accuracy and compliance with internal and external requirements.
  • Update financial models, including comparisons and analyses, particularly during time-sensitive periods at quarter ends.

• Strategic Support and Execution:
  • Assist in capital sourcing activities, including preparing materials for financing presentations and investment pitchbooks.
  • Support the investment and development team during critical deadlines, providing due diligence and ensuring thorough preparation and documentation.
  • Support development-related work, including tracking policy changes at all levels of government, industry trends that include sales and lease rates, market cost assumptions and proforma project presentations and reporting for development projects.

• Collaboration and Team Support:
  • Serve as a second pair of eyes for critical financial documents and project handoffs, ensuring accuracy and thoroughness.
  • Work with multiple specialized internal teams to incorporate key inputs into project proformas and investment and development analysis.

Candidate Profile:

• Experience at a residential real estate development firm is required;
• 3+ years experience and Bachelor's degree in Finance, Commerce or Real Estate;
• Strong analytical and quantitative skills, with proficiency in financial modeling and analysis, and knows the ins and outs of development pro-formas;
• Numbers oriented and data driven with excellent Excel skills; Understanding of critical items related to development projects including equity waterfalls and construction s-curves;
• Understanding of the development approval and construction process, key milestones and assumptions;
• Detail-oriented with an aptitude for critical thinking and problem-solving;
• High sense of urgency, with a demonstrated ability to execute multiple competing priorities in a fast-paced and high-volume environment; and
• Passionate about maximizing their work experience in an entrepreneurial environment and embraces long work hours

Should your skills and experience match the requirements of this position, and you wish to engage in our recruiting process, please forward your resume and cover letter to [email protected].

At Forum, we encourage diversity. We are committed to an inclusive workplace that reflects our belief that diversity is central to building a high-performing team. Forum is an equal-opportunity employer. We are committed to providing accessible employment practices. Should you require an accommodation during any phase of the recruitment process, please let the recruitment team know.