Development Analyst

At Tricon Residential, we are reimagining rental living in Toronto. Tricon was the first mover to enter Toronto’s purpose-built rental apartment sector with scale in 2016 and is today the market leader and most active developer in the marketplace with a 6,500 pipeline of new units. Our buildings are concentrated in prime downtown Toronto locations, and are defined by design excellence, signature resort-quality amenities, exceptional customer service, and lifestyle programming that fosters connections and builds community. We are creating the highest quality portfolio of irreplicable multi-family apartment properties in North America’s fastest-growing city, adding celebrated communities to Toronto’s most vibrant neighbourhoods. For more information, visit Tricon Residential. Job Description Tricon Residential Inc. is seeking a Development Analyst to join its Toronto team. The Development Analyst will be an integral team member focused on Tricons’ purpose-built rental strategy in Toronto. The Development Analyst will be responsible for contributing to the success of high rise purpose-built rental projects throughout their life cycle by providing acquisitions, due diligence, market & financial analysis, and development oversight. Assist with acquisitions, including initial site identification and analysis Assist with the preparation of market research and analysis Ability to underwrite investment opportunities and prepare pro forma financials Review, track and provide updates on overall project budgets and schedules, including initial pro forma financial models and cash flow forecasts (including variance analysis), partner reporting packages, etc. Review and summarize various documents; planning, engineering, legal, financial, etc. and evaluate concerns and opportunities Assist with the coordination of all aspects of development applications such as, Zoning By-law Amendments, Site Plan, minor variance applications, building permits, etc. Assist in liaising with consultants, city staff, and other external stakeholders Liaise with various internal departments to ensure financial and non-financial information and assumptions are current and accurate and provide necessary information for public reporting purposes as requested Succinctly and accurately prepare agenda and minutes for internal and external meetings Research, summarize and track specific political, regulatory, and market trends to keep the business informed of potential changes within the development industry Assists with property and asset management as required Assists with general administration as required Qualifications: Strong desire and passion to pursue a career in the real estate finance industry Self-starter and “can-do” attitude Ability to operate in small teams with substantial individual responsibility and senior management exposure Highly effective written and oral communication skills with a direct and open communication style Advanced modeling skills with an in-depth understanding of financial concepts Advanced level of proficiency in Microsoft Excel, Word and PowerPoint Strong problem-solving skills and ability to think “outside the box” Strong attention to detail and accuracy Ability to succeed in a fast-paced environment and to manage multiple projects with competing priorities Minimum Requirements: A university degree in a related field is required: planning, engineering, architecture, or business/finance with real estate emphasis Experience 1 to 2 years of relevant work experience within the residential real estate development industry Applicants with 1 year experience in investment banking, management consulting, private equity or corporate finance will also be considered At Tricon Residential, we know that the best ideas happen when people bring their uniqueness to work with them. Inclusion is an integral part of how we leverage that uniqueness into our Company. Supporting Diversity, Inclusion and Belonging is not only the right thing to do; it is the right thing to do for our business. Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of more than 36,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential. For more information, visit Tricon Residential. Video Not interested in applying just yet? Consider joining Tricon’s Talent Network which will allow you to receive notifications about current and future opportunities with our company. Simply click on the 'Join Our Talent Network' link and provide your contact information and resume and you will be added to our talent pool!