Date Posted: July 4, 2024
Application Deadline: July 19, 2024
Location: Halifax, NS or New Glasgow, NS, or Mississauga, ON
Employment Type: Permanent
Job Type: Hybrid
Headquartered in New Glasgow, NS, Crombie is an integrity-driven, caring, and purpose-built organization. It’s why we’ve been voted one of Atlantic Canada’s Top Employers year after year. Here are a few more reasons why we all love where we work:
- Flexible, hybrid work schedules and locations;
- Funding assistance for professional dues and furthering education;
- An on-site fitness facility, or subsidized fitness centre memberships;
- Corporate discount rates;
- Professional development programs to help you grow and succeed; and
- A strong, diverse culture that promotes thought leadership and interdepartmental collaboration.
There’s no such thing as a perfect candidate. You don’t need 100% of the listed qualifications to add incredible value to our team. If you feel energized thinking about what you could accomplish here, we would love to hear from you.
Our commitment to Diversity, Equity & Inclusion
Crombie values diversity, and is committed to creating and maintaining a diverse, equitable, inclusive, and collaborative culture that is free of barriers, increases equity, and drives stronger business results. We encourage and invite candidates to self-identify on your resume if you are a member from one of the following groups: Members of visible minorities, persons with disabilities, Indigenous Peoples, women, and members of the LGBTQ2S+ community. If you require accommodation during any stage of our recruitment process, please let us know how we can assist you by contacting us at talent@crombie.ca.
Who we are
As one of Canada’s leading REITs, we build spaces that will shape communities and have a lasting impact for generations. Supported by a solid foundation and focused value creation, Crombie is positioned to deliver consistent results and generate long-term sustainable growth.
You’ll join a team of values-driven, caring colleagues. We collaborate, find solutions, and cheer each other on. Our winning culture is rooted in our values: outperform expectations, embody integrity, care passionately, deliver excellence together, and empower one another.
We care for our employees, we support flexible work, compensate with great benefits, and work with you to help meet your career goals. Learn more about us at crombie.ca.
Position Summary
Based out of New Glasgow, Halifax or Mississauga, the Manager, Finance & Treasury is responsible for managing the financial aspects of capital structure, debt financing, cash flow forecasting, and regulatory reporting. Key result areas for the role are optimizing Crombie’s capital strategy, securing financial opportunities, and ensuring transparent communication with stakeholders. Additional duties of the Manager, Finance & Treasury include but are not limited to:
- Develops and implements strategies, in alignment with the VP Financial Analysis & Treasury, to optimize Crombie’s capital structure, debt financing, and regulatory reporting to support growth objectives and maximize shareholder value.
- Actions financing options, including debt issuance, equity financing, joint ventures, and other capital-raising activities, to meet funding requirements and minimize cost of capital.
- Analyzes debt structure, and recommends and implements the appropriate actions to maintain a healthy balance between cost, risk and flexibility.
- Collaborates with leadership to ensure organizational liquidity is maintained and/or improved.
- Assists the CFO and VP, Financial Analysis & Treasury in treasury and financing activities that include sourcing and closing debt and equity transactions.
- Proactively supports the treasury function ensuring effective and efficient processes are in place and are adhered to, staying informed of changes in regulations and assessing their impact on Crombie’s treasury operations.
- Leads the process of securing debt financing for real estate projects, negotiating terms and conditions with lenders, and managing relationships with financial institutions.
- Assists the VP, Financial Analysis & Treasury with construction financing, completing ongoing reporting as required for financing draws, as well as annual reporting for outstanding mortgage financing.
- Monitors debt covenants, interest rates, and debt service obligations, proactively identifying risks and opportunities to optimize financing arrangements and mitigate financial risks.
- Prepares comprehensive financial analyses, including cash flow projections, sensitivity analyses, and scenario modeling, to support capital allocation decisions and strategic planning.
- Prepares Annual Information Form (AIF) and coordinates the preparations and filing of Management Information Circulars (MICs), proxy statements, Management’s Discussion and Analysis (MD&A) regulatory filings, ensuring compliance with disclosure requirements and providing meaningful insights to stakeholders, while working closely with legal, finance, people and culture, and investor relations teams.
- Supports compliance with regulatory requirements, accounting standards, and securities regulations governing real estate investment trusts (REITs) and publicly traded companies, with oversight from the VP, Financial Analysis & Treasury and General Counsel & Corporate Secretary.
- People leadership:
- Ensures all team members have a clear understanding of corporate and departmental objectives and are held accountable to meet performance standards and objectives.
- Leads a team that is strategically aligned with and understands the organization’s strategy, is engaged, and represents Crombie guiding values.
- Engages across all levels of the organization to create and promote a safe and respectful work environment.
- Other special projects and tasks as assigned.
The profile we are looking for
Our ideal candidate has a bachelor’s degree in finance, accounting, business administration, or related field with at least three to five (3 to 5) years of experience in real estate finance, analytics, capital markets, debt financing, or related roles, with a track record of success in actioning complex financial transactions. CPA, MBA or CFA designation or working towards a designation is considered an asset. The successful candidate has solid knowledge of regulatory requirements and reporting standards applicable to real estate investment trusts (REITs), publicly traded companies, and securities regulations. They have proven ability to work collaboratively in a cross-functional team environment, building relationships and influencing decision-making at all levels of the organization. They also have a deep understanding of real estate capital markets, financing structures, and financial modeling techniques, with proficiency in Excel and financial analysis software. The successful candidate also has experience with CMHC financing and construction financing.
If you are interested in this opportunity, please submit a cover letter and resume:
To: talent@crombie.ca
Subject: Manager, Finance & Treasury Application
Crombie offers competitive compensation packages tailored to each role. External salary estimate websites are not affiliated with us and are not monitored for accuracy. Specific compensation details will be discussed with selected candidates during the recruitment process. We look forward to reviewing your application.
Crombie thanks all applicants for their interest. Only those selected for an interview will be contacted.