Cosens Group Enterprises Ltd. - Asset Portfolio Manager

1 day left

Employer
Cosens Group Enterprises Ltd.
Location
Vernon, British Columbia
Salary
Not being disclosed at this time.
Posted
Apr 28, 2022
Closes
May 28, 2022
Job Function
Other
Industry Sector
Asset Management
Certifications
CFA Charterholder
Employment Type
Full Time
Education
Masters

Cosens Group Enterprises Ltd.


Located in the Okanagan, Cosens Group Enterprises Ltd. (Cosens Group) is a single-family office supporting an entrepreneurial family comprised of approximately 30 individuals spanning three generations. Over twenty of those individuals are over 19 years old and have various levels of wealth and financial acumen. The Family Office reports to and supports a family holdings board. It also supports a Family Business Forum and supports a system of family governance which includes a Family Council, Family Assembly, and a private Family Foundation. The Foundation is growing, with AUM expected to be $150M in the coming years.


The holdings board has multiple asset classes including operating companies, real estate, and public securities. Ownership is shared with two generations, and the family’s business and investment holdings are expanding beyond the founding operating company. A new real estate holding company is also currently in the process of being established, which will have its own Board of Directors that includes two family members.


The family’s Statement of Vision guides and informs the values and ideals of the family. The family prides itself on being down to earth, inclusive, and respectful of the legacy that was handed down to them from prior generations and the founders. Above all, the family strives for unity and harmony, and has established good governance practices to ensure that these goals are met. The Family Office plays a key role in progressing, enhancing, and promoting these values in the family entities and boards.


Financial Analyst


The Family Office team is comprised of an Executive Director, an Executive Assistant, a Director of Finance who is a CPA and who manages the accounting functions of other entities, Bookkeeper/Junior Accountant providing support, and a part-time Director of Finance who is a CPA who focuses on Real Estate. There is also a US based firm that provides consulting advice on managing the Foundation’s portfolio.


The Part-time Director of Finance – Real Estate is retiring and will be replaced by a Financial Analyst who will be responsible for providing financial and analytical support for real estate, investments, businesses, and personal projects. 


Requirements


The Financial Analyst will report to the Director of Finance and have a dotted line to the Executive Director.


The Family has a long-term perspective and the Financial Analyst will be required to maintain a long-term, big-picture view, foreseeing both obstacles and opportunities and generating new ideas. The ability to identify and solve problems is a must. Finding innovative solutions to issues that satisfy the needs of all stakeholders will be a challenging and rewarding part of the job. The Financial Analyst must be able to build and maintain respectful, productive relationships across the organization and participate as an effective team player. Forecasting annual cash flows, optimal charitable giving and providing strategy and advice on investments will also be required. 


The ideal candidate will be a CFA, and /or have an MBA in Corporate Finance coupled with at least 10 years of finance experience, preferably within a multi-entity enterprise, and experience reporting to corporate boards. They will also have experience financing real estate, analyzing real estate operations, preparing or reviewing pro forma financial information for real estate projects, and an understanding of real estate valuations. 

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