Senior Associate, Development

Founded in 1988, and headquartered in Toronto, Tricon Residential is one of North America’s preeminent rental housing providers. 

Tricon was one of the first movers to enter Toronto’s purpose-built rental apartment sector with scale in 2016 and is developing the highest quality multi-family portfolio in North America’s fastest growing city.  Tricon is the leader and most active developer in the marketplace with a 6,000+ pipeline of new units.  At Tricon, we are reimagining rental living – Tricon properties 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. To learn more, please visit: Tricon Residential Toronto

Job Description

As a Senior Associate / Associate, Development, you will be joining a team who prides themselves on excellence vis-a-vis people, standards and quality. In this role, you will oversee the full lifecycle of development projects, including acquisitions, due diligence, design, construction, marketing, and lease-up. Key responsibilities include leading pro forma modeling, managing budgets, preparing financial reports, and conducting financial analyses to inform strategic decisions. Additionally, you will support multidisciplinary teams through municipal approvals, entitlements, schematic design, and design development while acting as a liaison with public and private stakeholders to ensure project success. This position reports directly to the Vice President, Development.

Essential Duties and Responsibilities:

• Work with members of the acquisition team in underwriting new development opportunities and recommending a business case for development.

• Develop and analyze project proforma models and cashflow forecasts to evaluate various development scenarios and manage risk.

• Assist in conducting research to support all development functions, including acquisitions due diligence, market analysis, construction costs, entitlements, available sources of financing and design methods.

• Work with relevant consultants and city staff to secure necessary entitlements, approvals and building permits required for maximizing site value.

• Prepare and maintain project schedules, meeting minutes, budgets, cost tracking, and other financial reporting.

• Coordinate and act as liaison with external consultants and approved professionals with regards to project conception and final execution, including the preparation of plans and specifications and ensuring the quality of executed work.

• Review and consolidate comments on technical reports, drawings, and other consultant work product and coordinate submissions for applications.

• Foster positive and long-lasting working relationships with third parties and government agencies to secure critical support of projects.

• Stay current on new industry trends and municipal standards.

Qualifications:

• Passion for real estate, specifically development and real estate financial analysis.

• A degree in architecture, planning, real-estate development, or business / finance with a real estate emphasis.

• 3 to 5+ years of relevant work experience within the residential real estate development industry.

• An ownership mentality and self-starter with a “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”.

• Keen attention to detail and accuracy.

• Ability to succeed in a fast-paced environment and to manage multiple projects with competing priorities.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

• Frequently required to sit, talk, and hear.

• Frequently required to stand and move; use hands to grasp, squeeze, finger, handle, and feel; reach, push, and pull with hands and arms; occasionally required to twist; reach overhead; stoop, kneel, squat, bend, and crouch.

• Occasionally lift, carry, and move up to 10 pounds.

• Vision abilities required by this job include close vision, distance vision, and depth perception.

We are committed to fostering an inclusive and accessible recruitment process. If you require accommodations at any stage of the hiring process, please let us know, and we will work with you to meet your needs.

Tricon Residential Inc. is an owner, operator and developer of a portfolio of approximately 38,000 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.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.