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Junior Financial Analyst

Allied
Full-time
On-site
Toronto, Ontario, Canada
Allied is looking for a Junior Financial Analyst to join our Finance and Accounting team. 
 
At Allied, everything starts with purpose. In the role of Financial Analyst, you will report to the Associate Manager, Accounting and support both the Lease Reporting and Valuations functions. The ideal candidate is self-motivated and detail-oriented with a genuine interest in financial reporting, accounting, analysis and the real estate industry. The candidate must be organized and have proven capabilities in multi-tasking, problem solving, critical thinking, attention to detail and prioritizing workloads.

Who are you?
We are building upon our achievements at Allied, and the future is exciting. How can we be so sure? We have people like you: engaged professionals who consistently deliver their best. 
 
Throughout your career, you have stood out for your pursuit of excellence. You are self-motivated, take ownership and lead by example. In doing so, you elevate your team and collaborate towards your collective goals. 
 
Above all, you are excited by Allied’s mission and the contribution we make to enhance cities and communities.

What will you do?

    • Support both the Lease Reporting and Valuations functions

      • Lease Reporting
      Prepare all schedules related to the monthly Lease Reporting function including: 
    • Leasing Continuity Status Table, Analysis of Changes and Weighted Average Occupancy
    • Leasing Activity, Net Effective Rent & Retention Metrics
    • Leasing Maturity & In-Place Net Rent Per Occupied SF 
    • Tours, Subleases, Non-Renewals, New Leasing Activity Analysis & Leasing KPIs
    • Area Reconciliation and Quarter-over-Quarter Area Continuity Bridge
    • Update all leasing metrics and variance comments on the Corporate Executive Summary
    • Other reports as required

      • Prepare all schedules related to the quarterly Lease Reporting function including:
    • Executive Summary, On-Going Deal Analysis 
    • Leasing support for the C-suite reports including direct and sublease market space, leased area by region, and critical leasing deals. 
    • Update, review and tie-out of Leasing section within quarterly report. 
    • Calculation of other metrics as required for quarterly press release and quarterly leasing results presentation. 

      • Support the preparation of all schedules and key metrics related to the quarterly reforecasting and annual budgeting process, including: 
    • Occupancy/Leased Area – Rental Portfolio & PUD Changes 
    • In-Place Net Rent Per Occupied SF 
    • Net Effective Rent 
    • Renewal/Retention metrics 
    • Other details required for strategic plan as required. 

    • Prepare a schedule detailing the largest upcoming expiries as part of quarterly reporting and annual budget and as required on an ad hoc basis. 
    • Prepare variance commentary on changes in leasing activity, rental rates, and renewal rates. 
    • Prepare an ongoing leasing update and projected leasing results in advance of, and for National Leadership Meeting as required. 
    • Prepare an analysis of impact to leasing metrics based on proposed changes to the Rental Portfolio related to assets held for sale or properties under development.  
    • Ensure that all deliverables are completed accurately and in accordance with allotted deadlines.
    • Additional special projects or financial analysis & other duties as required/assigned.  

      • Valuations
    • Complete in-depth testing of property valuations through comparison of Argus models to system rent roll. Assess for accuracy including review of minimum rent, areas, and additional rent. 
    • Support the assessment of valuation assumptions including general vacancy, credit loss, structural reserve, and incremental capital expenditures. 
    • Review and validate contractual inputs to lease documentation to ensure accuracy and reliability of data. 
    • Prepare various schedules and control documentation for auditing purposes. 
    • Other duties as required to support the valuations process & team.

What are we looking for?

    • University degree or equivalent; 
    • Strong interest in the field of commercial real estate, accounting & finance;
    • An assertive self-starter with the ability to work independently;
    • Collaborative worker; effective member of a team; good team-building skills;
    • Good judgment and decision-making skills; problem solving;
    • Demonstrates resilience, passion and commitment to deliver and be accountable for the results;
    • Analytical and employs the use of critical thinking skills;
    • Able to effectively communicate both verbally and in writing;  
    • Must be proficient in Microsoft Excel, Word and PowerPoint;
    • Experience with Yardi Voyager or Argus Enterprise an asset;
    • Proficiency in Accounting principles and an understanding of accounting entries is an asset;
    • Ability to work under pressure in meeting deadlines by managing multiple priorities and utilizing strong organizational and time management skills.
Who are we?
Allied Properties REIT (TSE:AP.UN) is a leading owner and operator of distinctive urban workspace in Canada’s major cities. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
 
We are also a great place to work. Allied is listed as a 2023 Best Employer in Canada as part of Kincentric’s Best Employers global certification, which distinguishes organizations that demonstrate strong results in employee engagement, organizational agility, engaging leadership and talent focus. 
 
We are committed to hiring the most qualified candidates with a dedication towards supporting diversity, equity and inclusion across our organization. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, origin, sexual orientation, disability  and socioeconomic background.
 
Note: If you require any form of accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.
Apply now
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