About Toronto Community Housing Corporation
Toronto Community Housing Corporation (“TCHC”) is the largest social housing provider in Canada and the second largest in North America. We are wholly owned by the City of Toronto and operate in a non-profit manner. TCHC provides homes to over 41,000 low and moderate-income households in 88 of Toronto's neighbourhoods, with 93,000 tenants from many different backgrounds with a diversity in age, education, language, mental and physical ability, religion, ethnicity and race. We are an essential part of the City of Toronto's fabric and social system.
Our over 2,000 employees work to achieve our vision of quality homes in vibrant communities where people are proud to live and work.
Vacancy Type: Full-time Permanent
Salary/Hourly Range: $107,358 - $118,094
Work Details (Days/Hours): Monday – Friday 36.25 hours per week
Hybrid Eligible Yes
Affiliation: Non-Union: Management/Exempt
Division and Department Finance (Real Estate Development)
Location: 931 Yonge Street, Toronto Note: relocating to 55 John Street in November
Number of Vacancies: 1
Existing/New Job: Existing
Grade: 07
Vacancy Status Existing
Candidate List or Eligibility List: Candidate List
What we offer
In addition to a competitive salary and a rewarding career where you can truly make a difference, we offer a comprehensive package that meets the various needs of our diverse employees, including:
- Ability to participate in inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities;
- Minimum three (3) weeks of paid annual vacation days, increasing with years of service;
- Four (4) paid personal days;
- Defined benefit pension plan with OMERS, includes 100-per-cent employer matching;
- Health and dental benefits, including a health spending account available upon your start date;
- Employee and family assistance program;
- Maternity and parental leave top up (93% of base salary);
- Training and development programs including tuition reimbursement of $1500 per calendar year.
- Fitness membership discount;
This job offers the opportunity to work from home as part of a hybrid work arrangement. This arrangement will allow you to work some days at a TCHC work location and the rest of the time from home. The amount of time required to work at a TCHC work location is flexible, while considering operational and service delivery requirements.
Make a difference
The Senior Financial Analyst - Financial Modelling and Financing is responsible for conducting thorough funding analysis and developing comprehensive financial models for funding opportunities and grants from the Canada Mortgage and Housing Corporation (CMHC) or other financial institutions. This role will lead the financial impact statement review of Board/Committee reports and support the refinement of business models to aid strategic decision-making.
What you’ll do
Financial Modelling and Analysis
- Develop, maintain, and enhance detailed financial models for multi-residential real estate projects, including proformas and cash flow analyses, to evaluate funding opportunities and grant applications.
- Analyze funding proposals and provide detailed recommendations to senior management.
- Conduct sensitivity analyses and scenario planning to assess the financial impact of various assumptions and market conditions to support decision-making processes on the total construction project life cycle costing, as well as the operating proforma optimization.
- Collaborate with Development teams to gather necessary data and inputs for model development.
- Collaborate with City teams to perform TCHC portfolio wide analysis and support City Council housing projects delivery
Funding and Grant Analysis
- Identify and evaluate financing stack and options for multi-residential real estate projects, including debt, equity, and alternative financing structures.
- Prepare and submit detailed funding applications, ensuring compliance with all requirements and deadlines.
- Liaise with funding agencies and financial institutions to secure and optimize funding arrangements.
- Prepare and present funding recommendations to senior management.
Financial Impact Statements
- Lead the review and analysis of financial impact statements for Board/Committee reports.
- Provide clear and concise summaries of financial implications, risks, and opportunities.
- Collaborate with cross-functional divisional teams to gather and validate financial data for reporting purposes.
Strategic Decision Support
- Provide strategic financial insights and recommendations to senior management.
- Support long-term financial planning and strategic initiatives by providing robust financial analysis.
- Monitor and report on key financial performance indicators and metrics.
Business Model Refinement
- Support the refinement and enhancement of business models to align with strategic objectives.
- Conduct in-depth financial analysis to identify areas for improvement and optimization.
- Collaborate with business units to implement best practices in financial planning and analysis.
Stakeholder Collaboration
- Build and maintain strong relationships with internal and external stakeholders, including TCHC teams, cost consultants, and funding agencies.
- Communicate financial analysis results and recommendations effectively to non-financial stakeholders.
What you’ll need
- University degree in Finance, Mathematics or Commerce
- Accounting designation i.e. CA, CMA, CGA or CFA designation
- Minimum of 5-7 years of experience in financial modeling and financing, and funding/grant analysis, preferably within the multi-residential real estate industry, or the non-profit housing sector
- Advanced proficiency in Microsoft Excel, including experience with complex financial models and VBA, or other economics modelling software and applications
- Experience with funding applications criteria and grant processes, particularly with CMHC, Infrastructure Ontario, and other similar funders
- Excellent analytical and problem-solving skills
- Strong communication and interpersonal skills, with the ability to present complex financial information clearly
- Ability to manage multiple projects and meet tight deadlines
- Detail-oriented with a high level of accuracy in financial analysis and reporting
What’s next
Once you apply, we’ll review your resume and contact you if we believe your skills and experience will make you successful in the role. If you are selected to move forward, the process will include one or more interviews and/or assessments and reference checks.
INDS
Thank you for your interest in Toronto Community Housing
We recognize that people bring experience and talent that goes beyond the technical skills and requirements of a job. If you possess similar experience that is close to what we’ve included in the job postings below, we encourage you to consider applying. We strongly believe that diverse experience, transferable skills, and passion are key!
Once you have submitted your application successfully, you will receive a confirmation email. We encourage you to check out our careers page often, as new opportunities become available on a regular basis.
Our commitment to equity, diversity and inclusion
We are committed to providing equal opportunity to all employees and strive to create a diverse workplace that reflects the cultural mosaic of our great city and the communities we serve. We recognize the value that comes from different viewpoints, unique experiences and diverse perspectives of our employees, who bring fresh, new ideas to our business. Diversity plays a key role in our ability to deliver on our mission to provide clean, safe, well-maintained, affordable homes for tenants.
TCHC is committed to diversity and inclusion within its community and encourages applications from Indigenous peoples, racialized persons/persons of colour, persons with disabilities, women, 2SLGBTQ+ persons, and others who can help us provide vibrant communities and make our city a great place to live. In an effort to ensure access to information for people with disabilities, we have noticed that some screen readers do not function properly with our job portal. If you are a person with a disability and are experiencing issues with our job portal and would like access to our job postings in an alternative format, please email your request to our People and Culture Division at
[email protected].
Accessibility for applicants
Toronto Community Housing is committed to equity in employment. Our goal is a diverse, inclusive, and barrier-free workplace that reflects the communities we serve.
We will provide reasonable accommodation to applicants with disabilities at all stages of the hiring process in accordance with the Ontario Human Rights Code, the Accessibility for Ontarians with Disabilities Act, 2005, and Toronto Community Housing’s Accessibility Policy.
If you are a person with a disability and need the job posting in an alternative format or any other accessible accommodations during the hiring process, please email your request to our People & Culture department at
[email protected] or call our accessible accommodations line at (416) 981 - 4119. Please refer to the job requisition number when you contact us.
We use AI technology through the use of pre-screening questions to assist in the screening process.
