Job Description
Job #:
10436
Division:
Finance
Affiliation:
Non-Union: Management & Exempt
Vacancy Type:
Full-time Permanent
Grade:
10
Contract Length:
Salary/Hourly Range:
160,977 - 193,172
Work Details (Days/hours):
Monday to Friday, 36.25 hours
Hiring range/wage:
160,977 - 177,074
Existing/New Job:
Existing
Vacancy Status:
Existing Vacancy
# of Vacancies:
1
Posted Date:
3/20/26
Deadline to Apply:
4/7/26
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 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 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
The Director, Development Finance will be responsible 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 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 senior leadership 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:
Lead 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.
Develop 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.
Lead development and construction project forecasts including financial, cash flow, and pro forma statements.
Lead accurate financial modelling for high-profile construction or redevelopment projects to support senior management’s strategic decision-making.
In charge of a team responsible for scheduling and facilitating of management committee meetings with our development partners, as required.
Oversee TCHC’s requirements in preparation of agenda, meeting minutes, and facilitating the meeting as required
Oversee adhoc analysis related to development projects as required
Highlight financial risks, non-compliance, issues, and recommend solutions to the Chief Financial Officer for any development requirements including but not limited contract review
Project Finance & Risk Management:
FInance lead 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
Overseeing 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.
Finance leads to obtaining 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.
Oversee any 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
Finance lead in participating monthly development meetings
Oversee process to funding partners to obtain funding or cost recoveries and collaborate with other divisions as required.
Oversee in reporting process funds received vs forecasted funding reported to the board
Financial Reporting & Accounting:
Manage a team to oversee financial reporting requirements related to development projects including audits, transaction accounting, and review of developer financials.
Oversee capital calls, draw requests, invoicing, and ensure alignment with agreements, budget, and accounting standards.
Review journal entries, receivables, schedules, and financial reports.
Develop and enhance financial policies and procedures related to development and construction.
Oversee any reporting requirements financial or non-financial reporting requirements
Review and sign off on HST submission related to development projects
Provide finance solution on any development issues as required (e.g. DSA issues, budget reallocation, accounting issues)
Sign off on any reporting requirements related to development projects (which includes board reports, statistics canada, financial reporting requirements)
Team Leadership & Development:
Lead a team of Manager and Senior 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.
Oversee 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.
Duties as assigned
What you’ll need
Degree in finance, Accounting, or Business.
CPA, CA, CGA, CMA, CFA or equivalent professional designation is required.
6-7 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 senior 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
10436
Division:
Finance
Affiliation:
Non-Union: Management & Exempt
Vacancy Type:
Full-time Permanent
Grade:
10
Contract Length:
Salary/Hourly Range:
160,977 - 193,172
Work Details (Days/hours):
Monday to Friday, 36.25 hours
Hiring range/wage:
160,977 - 177,074
Existing/New Job:
Existing
Vacancy Status:
Existing Vacancy
# of Vacancies:
1
Posted Date:
3/20/26
Deadline to Apply:
4/7/26
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 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 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
The Director, Development Finance will be responsible 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 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 senior leadership 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:
Lead 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.
Develop 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.
Lead development and construction project forecasts including financial, cash flow, and pro forma statements.
Lead accurate financial modelling for high-profile construction or redevelopment projects to support senior management’s strategic decision-making.
In charge of a team responsible for scheduling and facilitating of management committee meetings with our development partners, as required.
Oversee TCHC’s requirements in preparation of agenda, meeting minutes, and facilitating the meeting as required
Oversee adhoc analysis related to development projects as required
Highlight financial risks, non-compliance, issues, and recommend solutions to the Chief Financial Officer for any development requirements including but not limited contract review
Project Finance & Risk Management:
FInance lead 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
Overseeing 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.
Finance leads to obtaining 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.
Oversee any 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
Finance lead in participating monthly development meetings
Oversee process to funding partners to obtain funding or cost recoveries and collaborate with other divisions as required.
Oversee in reporting process funds received vs forecasted funding reported to the board
Financial Reporting & Accounting:
Manage a team to oversee financial reporting requirements related to development projects including audits, transaction accounting, and review of developer financials.
Oversee capital calls, draw requests, invoicing, and ensure alignment with agreements, budget, and accounting standards.
Review journal entries, receivables, schedules, and financial reports.
Develop and enhance financial policies and procedures related to development and construction.
Oversee any reporting requirements financial or non-financial reporting requirements
Review and sign off on HST submission related to development projects
Provide finance solution on any development issues as required (e.g. DSA issues, budget reallocation, accounting issues)
Sign off on any reporting requirements related to development projects (which includes board reports, statistics canada, financial reporting requirements)
Team Leadership & Development:
Lead a team of Manager and Senior 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.
Oversee 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.
Duties as assigned
What you’ll need
Degree in finance, Accounting, or Business.
CPA, CA, CGA, CMA, CFA or equivalent professional designation is required.
6-7 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 senior 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
💡 Quick Summary
Seeking a career-building opportunity? The Director, Development Finance position is now open for candidates interested in the IT Engineer & Developer Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in IT Engineer & Developer Jobs is a plus.