Location: Richmond Hill, Ontario
Employment Type: Full-Time
Company: Regency Property Inc.
Position Overview
Regency Property Inc. is seeking a detail-oriented Real Estate Development & Construction Finance Analyst to support the financial planning, financing, and execution of our real estate development projects.
The successful candidate will be responsible for preparing and maintaining project pro forma models, construction loan draw packages, project budgets, cash-flow forecasts, and lender reporting. The ideal candidate will have direct experience with real estate development projects and a strong understanding of construction financing, development costs, project revenues, and loan requirements.
Key Responsibilities
Financial Modeling and Project Analysis
- Prepare and maintain detailed real estate development pro forma models.
- Build project cash-flow forecasts covering land acquisition, approvals, construction, sales or leasing, financing, and project completion.
- Analyze project profitability, including gross margin, net profit, IRR, equity multiple, return on cost, and return on equity.
- Perform sensitivity and scenario analyses for changes in construction costs, interest rates, sales prices, absorption, project timing, and financing terms.
- Compare actual project performance against approved budgets and forecasts.
- Update models regularly based on revised construction schedules, sales activity, consultant costs, and financing assumptions.
- Assist with acquisition underwriting and project feasibility analysis.
Construction Financing
- Assist in preparing construction loan applications, financing packages, and lender presentations.
- Review financing term sheets and model loan amount, interest, fees, equity requirements, repayment terms, and financial covenants.
- Monitor loan availability, project equity, interest reserves, cost-to-complete requirements, and borrowing-base calculations.
- Prepare and coordinate monthly construction draw requests.
- Review supporting documents, including invoices, progress certificates, statutory declarations, quantity surveyor reports, and construction schedules.
- Maintain detailed records of loan advances, interest charges, lender holdbacks, and repayments.
- Monitor compliance with lender conditions, reporting requirements, and financial covenants.
- Coordinate with lenders, mortgage brokers, lawyers, accountants, project managers, and construction teams.
- Assist with project refinancing, partial discharges, and repayment of land and construction loans.
Budgeting and Project Reporting
- Develop and maintain detailed project budgets and sources-and-uses statements.
- Track hard costs, soft costs, financing costs, municipal charges, contingencies, and other development expenses.
- Prepare monthly project reports showing budget-to-actual results, committed costs, remaining costs, and forecast cost to complete.
- Identify budget variances, funding shortfalls, and potential financial risks.
- Prepare cash-flow forecasts for management and support corporate liquidity planning.
- Track project revenues, purchaser deposits, sales proceeds, rental income, and loan repayments.
- Work with project and accounting teams to ensure financial records align with construction contracts and project activities.
- Assist management with investor reporting and profit-distribution calculations.
Qualifications
- Bachelor’s degree in Finance, Accounting, Economics, Real Estate, Business, or a related discipline.
- Minimum 2–5 years of relevant experience in real estate development finance, construction lending, or project finance.
- Direct experience preparing or reviewing real estate development pro forma models.
- Practical understanding of land acquisition, entitlement, construction, sales, leasing, and project-completion processes.
- Experience with construction loans, monthly draw requests, cost-to-complete calculations, and lender reporting.
- Strong understanding of development budgets, construction costs, project cash flow, and financing structures.
- Advanced Microsoft Excel skills, including financial formulas, sensitivity analysis, scenario modeling, and cash-flow schedules.
- Strong analytical, organizational, and problem-solving abilities.
- Excellent attention to detail and ability to manage multiple projects and deadlines.
- Strong written and verbal communication skills.
- Ability to work effectively with lenders, consultants, contractors, lawyers, and internal project teams.
Preferred Qualifications
- Experience working for a real estate developer, construction lender, commercial bank, mortgage lender, or real estate investment firm.
- Experience with residential, mixed-use, commercial, or industrial development projects in Ontario.
- Knowledge of presale construction financing, project deposits, Tarion requirements, and condominium development is an asset.
- Familiarity with quantity surveyor reports, construction contracts, lien holdbacks, and statutory declarations.
- Experience with real estate accounting and project-management software is an asset.
Key Competencies
- Real estate financial modeling
- Construction-loan administration
- Development budgeting and forecasting
- Cost-to-complete analysis
- Lender and investor reporting
- Financial risk identification
- Accuracy and attention to detail
- Commercial judgment
- Cross-functional coordination
What We Offer
- Direct involvement in active real estate development projects.
- Exposure to the full development cycle, from acquisition and financing through construction and completion.
- Opportunity to work closely with senior management, lenders, consultants, and project teams.
- Competitive compensation based on experience and qualifications.
How to apply
Pay: From $80,000.00 per year
Work Location: In person
