Associate Director, Finance – Real Estate

Toronto, ON
Finance & Accounting

Position Overview

Our client is a leading investor, developer and asset manager operating across North America for 25 years with over $1.7B in AUM. They have delivered in the top tier of alternative asset returns for over two decades with an investment strategy focused on infrastructure, private equity and real estate. With their high growth in real estate, reporting to the VP of Finance – Real Estate, they are seeking an Associate Director of Finance to play a crucial role.

The ideal candidate will have an understanding of real estate accounting (portfolio, development and fund), including assisting with the MD&A. Moreover, exposure to M&A transactions (i.e. acquisitions, dispositions, refinancing) from both an operational and financial reporting aspect. An individual that enjoys continuous improvement and leveraging technology to find efficiencies. The Director will also need to be a great people leader.

Role Responsibilities

Real Estate Portfolio Accounting:

  • Partner with Asset Management in monthly review of ASPE financials, forecasts, and budgets prepared by 3rd party property managers for assets in the portfolio.
  • Liaise with 3rd party property managers on accounting issues, and property-level cash distributions or contributions.
  • Assist in the onboarding of new acquisitions to the fund working with the real estate team, corporate accounting, and 3rd party property managers.
  • Actively participate with the VP Finance, Real Estate in Yardi implementation and enhancement of Internal controls and process efficiency.
  • Proactively monitor and anticipate real estate business liquidity and funding needs.


Real Estate Development Accounting:

  • Prepare and/or review development financial reporting prepared in Yardi.
  • Liaise with joint-venture partner finance teams on real estate development accounting treatment.
  • Engage with 3rd party advisors and the Corporate team on tax matters related to Real Estate Development.
  • Review and monitor funding needs for development accounting projects.


Real Estate Fund External Financial Reporting:

  • Prepare and manage the process to deliver quarterly financial reporting to investors and the REIIF Board of Trustees.
  • Ensure lender reporting and debt covenant compliance for all loans and credit arrangements in the real estate portfolio.
  • Prepare or review journal entries and related schedules to close the fund-level financials, including IFRS adjustments, fund-level expenses, and fees.


Investment Fund Administration:

  • Actively participate in an effective and efficient fund administration function for REIIF, ensuring appropriate controls, with a longer-term vision to leverage technology to automate the process.
  • Prepare or review monthly calculations for each investor class for the Company’s fees, income allocations, and net asset value (NAV).
  • Monitor and oversee the investment fund administration services performed by our 3rd party provider (SGGG) including the calculation of the monthly distributions.

Desired Qualifications

  • Holds a CPA designation with at least six years of experience with strong technical skills in IFRS, consolidation and external reporting within private/public funds.
  • Real estate and management experience is required
  • A passion for technology with a keen interest in building scalable processes
  • Excellent communication skills, verbal and written
  • Hands-on experience in Yardi in a residential or commercial real estate environment is preferred
  • Involved with treasury or fund administration in the investment industry would be an asset
  • Ability to work in a dynamic, fast-paced environment, adapt quickly and manage changing priorities.
  • Can produce high-quality financial information and, additionally, can interpret it with an entrepreneurial mindset.
  • Ability to lead, coach, influence, and motivate productive work teams (team of 2 reporting)


We appreciate your interest in this role.

In sharing your resume, you place your trust in us to treat you with integrity and respect and act in your best interests. All resumes will be held in the strictest of confidence.

Those who most closely meet our client’s requirements will be contacted for an interview.

Please pass this opportunity forward. We welcome all referrals should someone in your network benefit from this opportunity.

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Katie Watt

Research and Operations Specialist

Katie enjoys being part of the Research and Operations division at Thorek/Scott and Partners. Katie utilizes her skills in research, project and data management to support the recruiting efforts of the Thorek/Scott and Partners team. She enjoys working in the positive team atmosphere that Thorek/Scott and Partners offers.

After completing her Master’s in Geography at the University of Toronto, Katie worked in consulting in the environmental non-profit sector where she conducted policy analysis and delivered workshops on sustainable development. Katie continues to pursue her passions of environmental protection by volunteering with local environmental non-profit organizations.

Lisa is thrilled to be a part of the team at Thorek/Scott and Partners. Lisa’s deep background in financial services, relationship building, and customer service coupled with her background in operations and support has been instrumental to the firm’s Research and Operations division. Prior to joining Thorek/Scott and Partners, Lisa worked for over 10 years in a large Canadian Bank in front facing, client operational roles. Having worked for large organizations in the past, she is delighted to be part of a close-knit group and enjoys the upbeat office and friendly environment at Thorek/Scott and Partners.

In her free time, Lisa enjoys reading, crafting and spending time with family and friends.

Derek Young joined Thorek/Scott and Partners following a successful tenure with one of the globe’s largest recruitment firms where he specialised in consulting, legal and compliance search across a range of industries including financial & professional services. He is passionate about helping people fulfil their long-term career aspirations. Derek’s personable approach and deep knowledge allows him to develop strong relationships with both his candidates and clients.

After completing his B.Com from the University of Toronto’s Finance program, Derek began his career off as a financial advisor working for two of Canada’s largest wealth managers. These roles taught him the importance of listening to his clients and always putting their goals first. Derek has lived and traveled in Ireland, Europe and Africa. He enjoys playing and watching a variety of sports, and spending time with friends and family.

Lisa is thrilled to join the Thorek/Scott and Partners team and brings 30 years of experience in large public sector organizations. She has held multiple executive leadership positions in the education sector and as CEO was responsible for overseeing all aspects of the organization including Human Resources, Operations, Information Technology, Finance, Capital, and Leadership.

Lisa brings her insight and experience to executive recruitment. She is a highly motivated and goal-oriented professional dedicated to finding high quality talent.

Lisa has worked with multiple stakeholders within the community and at the Provincial level. She has trained senior executives on Strategic Planning and Implementation in Canada and the United States. She has taught Masters’ level courses and College programs. She has authored documents on Strategic Planning, Poverty, Succession Planning and Leadership Development.

She holds a Bachelor of Arts in Psychology, and a Master’s degree in Leadership/Administration. Lisa completed the Executive Leadership programs at Rotman School of Management and the Richard Ivey School of Business as well as earning multiple certificates at the Queens Executive Education Program.

Lisa belongs to several professional organizations including the Professional Women’s Network, Equal Voice and Elevate. In her spare time, she enjoys spending time with family, travelling, and giving back to her community.

Lauren Thorek is proud to be a member of the recruiting team at Thorek/Scott and Partners. Since joining the firm, Lauren has taken an active role in providing the highest levels of service and support to our clients and candidates.

Ethical, passionate and innovative, Lauren builds lasting relationships and strives to create solutions tailored to fit the short-term needs and long-term goals unique to different individuals and organizations. She thrives on challenge and is motivated by exceeding expectations on tough, hard to close searches.

Active in multiple sectors including Real Estate, and Investments and Financial Services, Lauren views success as being a passionate advocate for her candidates and a valued partner to her clients.

Sari Friedman is delighted to be back at Thorek/Scott and Partners. With over 25 years of real estate and finance experience and a passion for people, transitioning into the recruitment industry was a natural fit for Sari. 

She brings multiple experiences and synergetic attributes to her role at Thorek/Scott. Having worked as an equity research associate covering real estate and REITs, Sari has a strong understanding of the real estate industry. She holds a real estate license, has actively traded real estate and is a personal investor. Sari’s technical insight combined with her outstanding business acumen, strong negotiation and research skills adds tremendous value to clients and candidates. 

Sari is well known for her caring and friendly demeanour. She is passionate about helping people with an emphasis on providing an individualized human experience. She will often go above and beyond when coaching her candidates and clients throughout the recruitment process. Sari takes the time to understand the needs of her clients and candidates and creates long lasting relationships. 

Sari graduated from University of Western Ontario majoring in Economics and earned her MBA from the University of Toronto Rotman Management Program. She enjoys spending time with her family and friends, cooking, travelling and camping.

Steven is a CPA who graduated with an honours bachelors degree in business from McMaster University & from Cornell University with an Executive MBA. Before joining Thorek/Scott he spent his career in industry, building large support service teams and also taking an active role in the overall corporate recruitment functions as a VP/CFO. He prides himself as a recruiter who is transparent, a great communicator and gives honest feedback.

Steven is passionate about travelling, having visited over 130 countries, and about his Toronto Maple Leafs.

Faye Thorek is an accomplished executive search consultant with over 40 years of experience in the Canadian recruitment market. Known for her keen insight and compassionate dedication to her work, Faye envisions herself as an advocate for those with whom she conducts business. Over the years, Faye has consulted numerous companies on how to best craft their strategic vision and then taken the lead on executing that mandate. She has spoken on recruitment and search issues to a wide range of audiences.

Outside of the office, Faye is also a committed investor in people. She volunteers with Out of the Cold,, and Bereaved Families of Ontario (BFO). She has sat on the Professional Development Steering Committee of the HRPAO. She is a former member of the Board at BFO and the North York Harvest Food Bank.

Having founded Thorek/Scott and Partners over four decades ago, Michael Thorek has been shepherding its growth ever since. Together with his wife, Michael is dedicated to building a business with humanity, innovation, and excellence at its core. A specialist in the recruitment of talent for the Financial Services Industry, Michael has currently turned his interest towards the field of Risk Management, Capital Markets and Database Marketing Analytics. A jack of many trades, Michael is also a father, inventor, scholar and scribe, who possess a keen interest in comparative religions.