Senior Development & Financial Analyst

Wesgroup Properties started as a family business in British Columbia more than 60 years ago and today is one of Western Canada’s largest private real estate companies with a diversified portfolio spanning across residential and commercial real estate. Wesgroup owns and manages over 3.2 million square feet of commercial and multi-family real estate and has built more than 7,000 homes in 100 communities. With the active projects in our development pipeline, the portfolio will grow to over 7 million square feet over the next six years. Our operations are vertically integrated, encompassing land acquisition, construction, finance, design, marketing, sales, leasing, and property management. We have a long history of looking forward and we are dedicated to conducting business in line with our values of adaptability, accountability, relationships, and observing The Golden Rule without fail.

Wesgroup is poised for significant growth over the next few years and in preparation for this exciting and challenging phase, we are actively seeking a detail oriented and experienced Senior Development & Financial Analyst to join our Development Analysis team.

As part of the Development Analysis team, the Senior Development & Financial Analyst will be working closely with the Development, Construction, Finance, Accounting, Sales, Leasing and Acquisitions teams to manage and report on the return expectations, targets, and performance across multiple large-scale projects. The core function of the of the position is to provide the financial modelling and analysis to inform and support senior and executive level investment decisions on projects as they move through the real estate development and investment life cycle. The role will have exposure to master planned community, high rise condominium, multifamily and commercial development projects.

To be successful in this role the candidate will have experience in the real estate development process, real estate finance, and investment return modelling. We are looking for someone who is excellent at building relationships across multiple departments, investigating and compiling information, managing and consolidating data, and analysing and reporting complex scenarios and concepts in a concise and insightful manner.

Job Responsibilities:

• Manage monthly proforma reporting across various development and construction projects.
• Development and maintenance of dynamic proforma models to assess the financial viability of acquisition and partnership opportunities, multistage master planned communities, commercial and residential developments. Including calculation of investment returns, project cash flows, scenario analysis, return on cost, IRR & NPV analysis.
• Act as a key team member in the preparation of strategic and financial insights, reporting, annual budgeting, forecasting, and management reporting.
• Support the implementation of new processes, policies and decisions across projects and internal departments.
• Coordinate with internal groups to support financial modeling assumptions and ensure that assumptions and inputs across the portfolio are consistent.
• Ad hoc financial and sensitivity analysis for unique situations which vary by project, municipality, capital requirements and asset type to assess risk and return impacts.

Qualifications and Knowledge:

• Experience in consolidating and managing large amounts of information from various sources.
• Post-secondary degree in either business, real estate, finance, urban land economics or other relevant area of study.
• Knowledge of real estate investment, acquisitions, or underwriting.
• Advanced Microsoft Excel expertise is required, including experience creating dynamic financial models to analyze various real estate investment and development scenarios and opportunities.
• Proven analytical abilities and experience working on long-term forecasting projects and scenario analysis.
• Highly developed written and verbal communication skills.
• Strong knowledge of real estate appraisal methodologies and fundamental value drivers of residential and commercial property.
• 5+ years real estate development related experience, preferably related to multistage, master planned developments.
• Confidence to ask questions, challenge assumptions and clarify inconsistencies.
• Strong understanding of real estate market fundamentals and municipal regulations.
• Ability to report and present complex situations into logical and actionable insight.
• Detailed oriented, inquisitive, and analytical in nature.
• Knowledge of real estate construction financing.

What we offer:

• Wesgroup supports a broad range of community initiatives through donations and employee volunteer activities, including paid days off to volunteer your time each year.
• A Lifestyle Spending Account which includes coverage for fitness, daycare, and eldercare costs.
• The Wesgroup Store, stocked with amazing name-brand apparel and items to purchase using points earned for milestones, participation, and going above and beyond.
• A brand-new, beautifully designed office downtown, across from the Burrard sky train station.
• Stocked kitchens with healthy (and not-so-healthy!) snacks, fresh fruit, sparkling water, and a wide range of dairy alternatives for your beverage needs.
• A competitive compensation package with robust and extensive health benefits including a generous Health Care Spending Account.
• A fun and inclusive culture supported by an employee-led Culture Committee with sponsorship from the President, providing you with opportunities to participate in group workouts, team sports, company-wide social events or celebrations, and other great initiatives.

If you are interested in exploring this exciting opportunity to join one of Western Canada’s largest real estate companies, please visit our website at www.wesgroup.ca/careers/ and apply with your resume and cover letter today!

We thank all applicants for their interest; however, only those selected for follow-up will be contacted.