Director of Finance
Who We Are
Centurion Asset Management Inc. is a recognized leader in the Investment and Property Management industries. Providing quality investments and housing for all its clients, our experienced team comprised of more than 350 Employees is a core component of Centurion’s success since 2003. Centurion Apartment Real Estate Investment Trust (“REIT”) owns more than 20,000 multi-family apartment units and student housing beds across 46 cities in Canada and the United States. Since day one, our goal has been to provide Residents and their families with clean, safe, and comfortable homes. The REIT provides investors an opportunity to invest in a diversified portfolio of rental apartments and student housing properties, as well as mortgage and equity investments in property developments, across Canada and the United States and participate in the profits derived from them. Centurion Financial Trust (“CFiT”) is an income and growth-oriented trust that invests in a diversified portfolio of debt investments that include but are not limited to mortgages, opportunistic real estate developments, and corporate debt. Investors pool their funds to invest in mortgage and growth-oriented credit opportunities and participate in the yields from interest income and net profit from equity.
Our mission is to be sought after as a leading-edge, reputable, multi-disciplinary alternative asset manager; to capitalize on opportunities in new and interesting investment strategies that meet our mission to Investors; and to embrace change, experimentation, innovation and learning from failure to make continual improvements that drive our success and keep us ahead of our competitors.
Our core values can be summarized by the acronym RISE: Respect for our Investors, our Residents, Co-workers, Partners and Communities; Integrity in everything we do, demonstrating sincerity, honesty and the will to do it right; Simplicity free of pretension and hassle, full of value and common sense; and Excellence in offering all our Clients and Partners exceptional products and services quality, as well as providing our Employees with an excellent workplace.
Why Employees Want to Work with Us
We provide an inclusive environment where all employees are valued and supported. Over the years, we developed a work culture where the potential of every employee is maximized, and everyone has equal opportunities for growth. For certain roles, we offer numerous employee perks, including: Competitive Total Rewards Packages; Comprehensive Benefits Plan including Medical, Dental, and Vision Care; Flexible Work Week Schedules; Vacation Policy based on Length of Service; Summer and Holiday Hours Programs; Centurion Learning Academy; Opportunities for Growth; Education Reimbursement Policy; Mentoring Program; Employee Referral Program; Ergonomic Workstations Equipped with Standing Desks; Discounted Gym Membership; Company-wide Internal Communication Platforms; Employee Volunteer Opportunities; Quarterly Townhall Meetings and Social Gatherings; Employee Innovation Program; and Corporate Discount Card.
Reporting to the Vice President of Finance, the Director of Finance is responsible for managing all finance and accounting related duties for Centurion Asset Management Inc., including the completion of all internal and external financial reports and the coordination of the year-end audit process. The Director of Finance is accountable for ensuring that constant adherence to internal financial controls and International Financial Reporting Standards (IFRS) are maintained at all times. The role would encompass the following: 25% Financial Reporting, 25% process re-engineering and implementation, 25% team resource management and support and 25% special projects.
Financial Control and Risk Management
Ensure the efficient and effective management of all financial functions for Centurion. Develop and monitor compliance of internal financial controls to ensure that the organization is protected from risk and that all statutory requirements of Centurion and its family of companies are met. Oversee the preparation of timely bank reconciliations, monitoring cash flow movement, completing regular cash flow forecasting and initiating the transfer of funds. Monitor debt levels and compliance with debt covenants, coordinating mortgage/debt funding and discharge. Assist with the successful financing of new acquisitions by arranging closing funds and refinancing existing debt obligations. Assist with the management of Centurion's funds, processing monthly cash distributions and redemptions, reconciling units, funds, and distribution amounts with accounting records, and assisting with the monthly NAV calculation. Complete corporate accounting duties, maintaining accounting records of ancillary companies.
Oversee the preparation of quarterly consolidated financial statements and notes to the financial statements for three mutual fund trusts in accordance with IFRS. Participate in the completion of Management Discussions and Analysis as well as Annual Reports. Assist with the quarterly portfolio valuation process and manage the preparation and review of monthly reporting packages. Research and monitor the development of new accounting standards and assess the impact of the new standards. Develop new financial reports in the accounting system as required.
Work closely with the Executive Vice President of Residential Operations and the Director of Asset Management to ensure financial information is provided on a timely and accurate basis; resolving issues related to revenue and property accounting as necessary.
Compliance and Audit
Maintain relationships with Auditors, acting as the main point contact for any audits of Centurion related vehicles and other accounting related matters. Maintain established audit systems and procedures, preparing audit working papers and schedules accurately and resolving any audit issues efficiently to ensure minimized audit costs to the extent possible.
Provide leadership and direction to a team and work in a team environment. Develop, monitor and evaluate projects with multiple deliverables and deadlines. Develop and foster positive relationships with internal and external stakeholders. Ensure proactive timely resolution of all co-worker inquiries. Lead, motivate and mentor the finance team, addressing performance issues as required. Complete other duties as assigned.
- Completion of a bachelor’s (or Master’s) degree in Finance and/or Accounting;
- CPA designation;
- 5 years’ of external reporting and corporate finance experience; public and/or private real-estate industry experience preferred;
- Demonstrated high level of leadership and managerial skills;
- Extensive knowledge of IFRS, tax laws and regulations;
- Excellent command of Excel with strong verbal, analytical, organizational and written skills; and
- Experience with Yardi property management accounting system considered an asset.