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Manager, Finance, U.S. Multi-Family


Overview

Starlight is one of the most exciting real estate firms to work for in Canada with a track record devoted to creating long-term investor value. Starlight co-invests in each asset, creating meaningful alignment in each of its strategies including joint ventures with institutional partners, publicly traded real estate investment trusts and publicly traded real estate investment funds. 

This role reports directly to the Director, Finance – U.S Business Team and is dedicated to assisting with the oversight of two separate institutional partnerships comprising ~$3.0B of multi-family residential buildings in targeted high-growth markets in the Southern United States (~9,000 units). Primary responsibilities include review and analysis of property financials, corporate accounting, quarterly investor reporting and ongoing cash and debt management of You will also be managing year-end external audit requirements and assisting with certain financial aspects of acquisition, disposition and financing transactions. You will be a key member of the finance team and contributor to the success of the business. 

The successful candidate must be a motivated individual who is eager to learn, a strong communicator, works with an ownership mindset with excellent organizational and team management skills. The successful candidate must be able to effectively work with external and internal partners to ensure accurate and timely presentation of financial results. The candidate needs to be detail oriented and possess the ability to think analytically while managing communication and various stakeholders within our organization and be able to work in a dynamic, high-growth environment. 

Starlight’s U.S. Residential business manages over 12,000 units in aggregate value at over $4.0B. The properties are managed via different vehicles including publicly traded entities and private / institutional partnerships. This is an excellent opportunity for a CPA with post-qualification experience at the Experienced Senior level to gain hands on experience managing the finance and accounting of multi-portfolio of real estate assets. This individual will have exposure to all levels of management and leadership, as well as working cross-functionally with Asset Management and Investment Teams. We work in a collaborative, open environment and our head office is on the Bloor subway line (we cover Presto passes!). We cover CPA professional dues, provide learning and professional development opportunities, as well as fun team outings and company events throughout the year.

 

Application

Qualified candidates can submit their resume to hr@wposborne.com

Duties and Responsibilities

Financial Analysis and Accounting

  • Review and analyze the property financial results prepared by the third-party property managers and U.S. Corporate Accounting Team to understand and highlight key trends / opportunities to improve financial results. 
  • Assist U.S. Corporate Accounting Team in the review of the monthly reporting packages provided by property managers for each property including ensuring commentary reflects the underlying performance of the assets and is complete and accurate.
  • Preparation of monthly bank reconciliations for corporate bank accounts
  • Review of consolidated account reconciliations required to support external and internal reporting disclosures.
  • Manage external audits required including the preparation of working papers and relationship management with audit firms to ensure timely audit completion. 
  • Manage process improvement projects to streamline accounting processes, as required. 

Acquisition and Financing Management 

  • Perform acquisition, disposition and refinancing accounting.
  • Provide support on financial aspects of property acquisitions, dispositions, and property financing activities, as required.
  • Assist with other business transactions to provide financial support, as required.

Cash and Debt Management  

  • Assisting with the management of cash availability, including review of cash position reporting prepared by the Starlight shared service treasury team to ensure accurate cash reporting and forecasting
  • Assisting with the management of the partnership’s debt portfolios, including ensuring all loan provisions are appropriately complied with 

Investor Reporting  

  • Assist with the preparation of quarterly investor reporting materials including financial statements, operational performance, market trends and other performance indicators.
  • Assist with the preparation of budgets and analysis for budget inputs for the properties.
  • Assist with other financial management initiatives or ad-hoc projects, as required.
Requirements
  • University degree in Business or Accounting, CPA designation.
  • 1-2 years of post-qualification experience is an asset.
  • Public accounting or industry background. Real estate experience is a strong asset, but not required.
  • Ability to work in a fast paced environment. 
  • Detail oriented, self-motivated and resourceful, with strong interpersonal and communication skills (written/verbal).
  • Strong organizational skills and analytical mindset with ability to balance detail with understanding business needs.
  • Intermediate to advanced experience with Microsoft Suite, in particular Microsoft Excel. 
  • Experience with Yardi and Workiva an asset.
Location

Head office

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