Job #:

10398

Division:

Internal Audit

Affiliation:

Non-Union: Management & Exempt

Vacancy Type:

Full-time Permanent

Grade:

08

Contract Length:

Salary/Hourly Range:

120,878 - 145,054

Work Details (Days/hours):

36.25 hours, Monday to Friday

Hiring range/wage:

120,878 - 132,966

Existing/New Job:

New

Vacancy Status:

Existing Vacancy

of Vacancies:

1

Posted Date:

3/10/26

Deadline to Apply:

3/25/26

Hybrid Eligible:

Yes

What we offer

In addition to a competitive salary and a rewarding career where you can truly make a difference, we offer a comprehensive benefits package that meets the various needs of our diverse employees, including:

• Minimum four (4) 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

At Toronto Community Housing we pride ourselves on fostering an environment of collaboration and respect. Toronto Community Housing is currently searching for Manager, Corporate Compliance, who will build strong internal and external relationships and play an integral part in transforming Toronto Community Housing for the future!

The Manager, Development Finance will be responsible to support the Director, Development Finance for the effective oversight of financial planning, analysis, controllership, and financial reporting of Toronto Community Housing Corporation's (TCHC) development and construction projects. The incumbent will assist the Director to oversee financial planning, forecasting, financial reporting, funding and financial analysis while ensuring compliance with internal and external requirements. The incumbent will lead a high-performing finance team as well as support the Director to drive strategic financial planning, risk management and performance monitoring to optimize business growth. You will work closely with senior leadership, property managers, and external stakeholders (such as development partners) to ensure the financial success of TCHC’s real estate transactions and projects.

What you’ll do

Financial Planning, Budgeting & Forecasting:

• Supervise analysts to support and assist the planning, development, launch, and management of annual and long-term capital budgets & plan for all development and construction projects, collaborating with the development team to set revenue and expenditure targets.
• Assist the development short- and long-term funding/financing strategies aligned with available funding and TCHC’s financial goals.
• Monitor and review budget performance, project profitability, and costs. Explain key variances and provide mitigation strategies.
• Supervise analysts to support development and construction project forecasts including financial, cash flow, and pro forma statements.
• Supervise analyst to support accurate financial modelling for high-profile construction or redevelopment projects to support senior management’s strategic decision-making.
• Supervise day –to – day activities related to financial planning and analysis
• Perform any ad hoc analysis as required.

Project Finance & Risk Management:

• Support the Director in negotiations relating to development projects which includes participating in funding negotiations, development partners negotiations and other agreement negotiations as required. Activities will include financial modelling, risk identification and mitigation strategy
• Supervising a team responsible for capitalizing on funding and grant opportunities which includes comprehensive funding analysis and modelling, this includes proformas and cashflow analysis for multi-residential real estate projects, applying for funding & grant opportunities, sensitivity and scenario planning analysis, business model analysis, providing recommendations to decision makers etc.
• Support the Director to obtain funding either through loans, grants, or other alternative means. Collaborating with Manager of Treasury to ensure financial due diligence process on funding applications and support discussions with external stakeholders to secure project financing as required.
• Supervise day to day activities on loan receivables or payables related to development and construction projects. Lead any resolution as required and collaborate with internal stakeholders accordingly.
• Ensure compliance to any financial requirements and sufficient control procedures related to any development or construction related agreements or process
  Supervise ad hoc financial analysis required for development finance or projects
• Collaborate with the financial analyst to prepare funding submission or reports to our funding partners to obtain funding or cost recoveries as required. Obtain approval from the Director of Development Finance and other Senior Management as required.
• Supervise in tracking funds received from the funding partners vs forecasted funding and analyse any variances accordingly
• Assist in the preparation of any committee meetings, agenda and facilitating meetings as required.
• Participating in meetings with development partners

Financial Reporting & Accounting:

• Supervise a team to support the financial reporting requirements related to development projects including audits, transaction accounting, and review of developer financials.
• Supervise, review and approve capital calls, draw requests, invoicing, and ensure alignment with agreements, budget, and accounting standards.
• Review journal entries, receivables, schedules, and financial reports, as required.
• Assist in developing and enhancing financial policies and procedures related to development and construction.
• Responsible for 1st review on any reporting requirements related to development projects (which includes board reports, statistics canada, financial reporting requirements)

Team Leadership & Development:

• Lead a team of accountants and financial analysts, overseeing their work on financial reporting, reconciliations, and transaction processing.
• Offer guidance and support to team members, fostering a culture of continuous improvement and high performance in financial management.
• Collaborate with the development team to ensuring development projects are in compliance with municipal, provincial, and federal regulations or agreements.
• Supervise the review or preparation of financial updates and development & construction projects related presentation to the Board, Senior Management and the City of Toronto
• Establish clear performance objectives for the finance team, conducting regular reviews and providing constructive feedback.
• Attend and participate in monthly partners’ meeting to discuss project status report issues
• Ensure all issues related to the project are communicated, and addressed in a timely manner
• Work closely with development, external partners and legal teams to provide financial input on strategic decisions.
• Identify areas for improvement in financial processes (e.g., automating reconciliations, streamlining budget preparation), implementing solutions to increase efficiency.
• Assigned duties as required

What you’ll need

• University degree in Finance, Accounting, or Business.
• CPA, CA, CGA, CMA, CFA or equivalent professional designation is required.
• Minimum five (5) years of experience in real estate finance or property accounting, with a strong focus on financial planning, financial modelling, funding models and financial reporting.
• Significant experience in progressively leadership roles in financial planning and management, forecasting and evaluation, policy development, project management, funding, performance management and analysis. Experience with funding applications criteria and grant processes, particularly with CMHC, Infrastructure Ontario, and other similar funders.
• Excellent analytical and problem-solving skills with a strong knowledge of real estate financial management, including cost accounting for construction, property valuation, and debt financing.
• Proven leadership abilities, with a focus on coaching and mentoring diverse, multidiscipline management teams within an organization experiencing transformative change.
• Superior written and verbal communication and interpersonal skills with the ability to facilitate, negotiate, resolve conflict, problem solve, and interact with all levels of the organization, board members and external relationships including with outside agencies and/or elected officials.

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