ADI Development Group is a vertically integrated Canadian real estate developer and investment manager based in the Greater Toronto Area. With an established track record across Canadian markets ADI develops builds and manages institutional-quality multi-unit residential communities with a current focus on affordable rental development at scale. The platform brings development construction and property management capabilities together under one roof.
We are seeking a Real Estate Financial Analyst to lead all models and underwriting for the investments team. Reporting to the VP of Investments you will be the analytical backbone of our acquisitions development underwriting and asset management decisions. The position is intended for a candidate who assumes full ownership of the modeling and analytical workstream and who brings rigor intellectual curiosity and disciplined judgment to every transaction.
What Youll Do
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
What Were Looking For
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
Why Adi
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.
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.
$95000 - $115000 a year
Adi Development Group is committed to fostering an inclusive accessible environment where all employees and customers feel valued respected and supported. We build teams that reflect the diversity of the communities we serve and we hire based on merit and the principle of equity in employment. We welcome applications from all qualified individuals. Upon request accommodation will be provided during the recruitment process to ensure equal access for applicants with disabilities. If you are selected for an interview and require accommodation please inform Human Resources.
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
IC
ADI Development Group is a vertically integrated Canadian real estate developer and investment manager based in the Greater Toronto Area. With an established track record across Canadian markets ADI develops builds and manages institutional-quality multi-unit residential communities with a current f...
ADI Development Group is a vertically integrated Canadian real estate developer and investment manager based in the Greater Toronto Area. With an established track record across Canadian markets ADI develops builds and manages institutional-quality multi-unit residential communities with a current focus on affordable rental development at scale. The platform brings development construction and property management capabilities together under one roof.
We are seeking a Real Estate Financial Analyst to lead all models and underwriting for the investments team. Reporting to the VP of Investments you will be the analytical backbone of our acquisitions development underwriting and asset management decisions. The position is intended for a candidate who assumes full ownership of the modeling and analytical workstream and who brings rigor intellectual curiosity and disciplined judgment to every transaction.
What Youll Do
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
What Were Looking For
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
Why Adi
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.
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.
$95000 - $115000 a year
Adi Development Group is committed to fostering an inclusive accessible environment where all employees and customers feel valued respected and supported. We build teams that reflect the diversity of the communities we serve and we hire based on merit and the principle of equity in employment. We welcome applications from all qualified individuals. Upon request accommodation will be provided during the recruitment process to ensure equal access for applicants with disabilities. If you are selected for an interview and require accommodation please inform Human Resources.
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Adi Development Group - Building exceptional forward-thinking, sustainable residential communities & commercial working environments in Burlington Ontario.
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