Associate, Development
5 days ago
We are a rental housing company dedicated to providing an exceptional rental experience to every resident who makes one of our houses or apartments their home. We believe that quality rental housing can unlock life’s potential, and this drives our thinking and our actions every day.
Founded in 1988 and listed on the Toronto Stock Exchange (TSX: TCN) and the New York Stock Exchange (NYSE:TCN), Tricon owns over 33,000 single-family and multi-family rental homes across the United States and Canada, which we manage using an integrated technology-enabled operating platform. We are headquartered in Toronto, Ontario and have significant operations in Orange County, California, as well as approximately 21 other markets with a primary focus in the U.S. Sun Belt.
We strive to be North America’s premier rental housing company. Our business philosophy involves taking care of our team first - empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family. This is how we continue to grow, and it is an approach that has proven to generate positive returns for our investors and shareholders.
**Job Description**:
Are you an individual who enjoys telling a story through data and analytics? Will you aid in shepherding our multi-residential strategy as we elevate our industry, by providing specific, factual and quality information? As an Associate, Development, you will be joining a team who prides themselves on excellence vis-a-vis people, standards and quality. Our expectation is for you to present data rich information related to acquisitions, due diligence, market & financial analysis, which is easily understood by all audiences, to further enlighten perspectives resulting in making informed decisions. This is your opportunity to showcase your mastery level of excel knowledge and skills
Key responsibilities of the position include:
- 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 zoning 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;- Maintain appropriate records of architectural, landscape, and engineering plans, as well as approvals, permits and agreements for each project;-
- Support various internal departments (Investments, Marketing, Construction, Asset Management, and Corporate Finance etc.) with as-needed tasks and identify ways to optimize coordination between internal stakeholders;- Foster positive and long-lasting working relationships with third parties and government agencies to secure critical support of projects; and,- Stay current on new industry trends and municipal standards;
**Requirements**:
- 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;- 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”;- Keen attention to detail and accuracy; and- Ability to succeed in a fast-paced environment and to manage multiple projects with competing priorities.
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.
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