Real Estate Financial Analyst

• Build and maintain institutional-grade financial models for acquisitions ground-up development and value-add multifamily across Canadian and US markets
• Lead underwriting on new opportunities sources & uses development budgets lease-up assumptions debt sizing waterfall structures and LP/GP returns
• Screen inbound opportunities maintain the deal pipeline and produce preliminary investment screens to filter opportunities before full underwriting
• Coordinate and synthesize third-party due diligence and project reporting including appraisals cost consultant reports first draw reports and market studies and manage diligence workstreams through to closing and into construction
• Model joint venture waterfalls promote structures and partner economics across co-investment and syndication scenarios
• Own monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio partnering with construction and project management teams to validate actuals reforecast remaining spend and flag variances to budget
• Support capital raising and LP fundraising produce model outputs return scenarios track records and analytical content for PPMs teasers IC decks and DDQ responses
• Support debt raising and financing workstreams construction loan sizing refinancing analysis lender models covenant testing and term sheet comparisons across senior mezzanine and CMHC-insured structures
• Run sensitivity and scenario analyses to stress-test investment theses
• Prepare Investment Committee memos and contribute to LP reporting fundraising materials and ODD responses
• Conduct market research and comparable analysis across our active jurisdictions
• Partner with development construction and property management teams to validate inputs and ground-truth assumptions

• 25 years of experience in real estate private equity real estate investment banking or institutional development
• Development underwriting and modeling experience is required; multifamily experience strongly preferred
• Hands-on experience with CTD/CTC reforecasting and development cost tracking is a strong asset
• Advanced Excel and financial modeling skills you can build a model from a blank sheet not just plug into a template
• MBA required
• CAIA and/or CFA designation preferred
• Bachelors degree in finance real estate economics or related field
• Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required
• A genuine self-starter who identifies issues independently drives them to resolution and does not require direction to move work forward
• A track record of forming and defending a point of view we expect the analyst to bring recommendations to the table not just outputs and to back them with sound analysis
• Demonstrated ownership mentality treats the underwriting function as their own and consistently goes beyond the brief to pressure-test assumptions and improve the work product
• Comfortable operating with limited oversight in a team environment working cross-functionally across departments and proactive in flagging risks gaps and opportunities to senior leadership
• Strong written communication IC memos and LP reporting are part of the job

Youll work directly with senior leadership on a platform pursuing one of the most important investment theses in North America: affordable rental housing at scale. The role offers genuine ownership exposure to institutional capital partners and a path to broader investment responsibility.

• Learning & Development Reimbursement: Adi encourages team members to never stop learning. We provide tuition and education reimbursements to support your professional development.
• Competitive Paid Time Off: Vacation days Wellness Days and Sick Days annually.
• Competitive Salaries: Regular compensation market reviews ensure our total package stays competitive.
• Employee Home Ownership Program: Live in the communities we createeligible team members receive a discount off the purchase price of an Adi home.
• Comprehensive Benefits Plan: Full benefits coverage for dental prescriptions vision paramedical practitioners life insurance and more for all full-time team members and dependents.
• Flexible Health & Wellness Spending Account: Annual spending accounts for fitness wellness family & pet needs and additional health benefits.