Principal, Investments (Affordable Housing)
Top Benefits
About the role
Building Ontario Fund (BOF) is seeking a full-time Principal, Investments (Affordable Housing). (This job posting represents an existing vacancy.)
PURPOSE OF POSITION Accountable for assessing, structuring and closing of investments and project financing, for a range of affordable housing development projects. Typical projects require construction/project finance, that will act as a bridge to longer term/take out finance to be provided by other lender(s). This role will leverage a candidate’s real estate investment, commercial lending and/or project finance experience and expertise, to assist the Building Ontario Fund (BOF) to structure customized investment and finance solutions that respond to Project and Borrower needs, and drive achievement of policy objectives and financial returns for BOF.
KEY RESPONSIBILITIES Investment Origination and Triage Support ongoing evaluation of pipeline opportunities. Establish and maintain collaborative working relationships with Project Sponsors/Borrowers, to better understand Sponsor/Borrower and Project needs. Support development of financing solutions that respond to Sponsor / Borrower and Project needs, while respecting BOF policy objectives, pricing structures and risk management frameworks. Prepare, or oversee preparation of Project Screening materials and Board submissions. Maintain up-to-date knowledge of relevant news, market trends and competitive landscape.
Investment Underwriting, Structuring and Deal Execution Bring expertise to and lead the underwriting and analysis of Sponsor/Borrower investment and credit worthiness and Project financial viability. Complete, or oversee the completion of, investment underwriting, credit assessments and pricing models. Support high value negotiations with project Sponsors/Borrowers to establish acceptable loan terms and conditions. Lead the drafting of project term sheets and commitment letters (with support from assigned legal counsel). Prepare, or oversee preparation of, Project materials for Management Investment Committee and for Board submissions. Oversee and ensure completion of all necessary Project investment and loan documentation (with input and support from BOF Legal and Finance teams and assigned legal counsel).
Loan Administration and Asset Management Work closely with and support BOF Finance functions with recording and accounting for Project investments and loans within BOF financial systems. Work closely with and support BOF Finance functions with validating of Project funding requests, drawdowns/advances. Proactively monitor investment and loan performance, identify potential risks and develop mitigation strategies to safeguard the BOF’s resources and reputation. Receive and assess Sponsor/Borrower requests for consents, postponements and/or amendments to investment or loan structure and develop recommendations for responding to any such requests. Monitor maturity and repayment of loans and investments and ensure all Sponsor/Borrower obligations to BOF have been fully satisfied.
Leadership and Strategy Provide mentorship and deal leadership to junior team members of Project deal teams, fostering a culture of innovation, integrity, and accountability. Support the development of BOF investment and lending workstreams and best practices. Share investment and/or commercial lending/project finance expertise and experience with other BOF deal teams and members of the Investments function. Provide excellent customer service and build long-term relationships with Sponsors/Borrowers to promote BOF’s lending solutions. Support the development and execution of BOF strategic vision, aligning investment objectives with the needs of Ontario’s priority sectors.
Qualifications Education and Experience Bachelor’s Degree in Finance, Accounting, Business, Economics, Mathematics, or related field, or equivalent experience. Masters in business administration (MBA) or Chartered Financial Analyst (CFA) Designation preferred, but not required. Minimum of seven (7) years of real estate investment, commercial lending, corporate finance, project finance, investment banking, private equity or related investment sector work, with a minimum of five (5) years of real estate investment, commercial lending and/or project finance experience. Knowledge and Skills Knowledge of investment theories, principles and practices, business finance/management operations and requirements, sector trends and challenges, and regulatory, partnership and funding/financial issues. Knowledge of risk assessment and risk management principles and due diligence analysis to monitor and manage loan portfolios, proactively identify potential risks and implement mitigation strategies. Excellent negotiation and relationship management skills, to support and/or lead high-value negotiations on investments and loan terms and conditions with Sponsors/Borrowers. Sound leadership skills to direct and mentor a deal team during loan negotiations to achieve optimal, mutually beneficial agreements. Strong research and analytical skills to lead market research initiatives to support lending decisions. Excellent verbal and written communication skills to work effectively with internal stakeholders and external Sponsors/Borrowers. Excellent organizational and priority management skills. Financial acumen and proficiency in investment and credit analysis to underwrite and analyze credit and financial information to determine investment and credit worthiness of potential Borrowers and Projects. Collaborative, team-oriented mindset that prioritizes team needs and goals and works to foster collective success. Advanced technical proficiency with Microsoft Excel and PowerPoint.
THE ENVIRONMENT
Physical Our office at 79 Wellington Street W, Toronto is steps from Union Station, with great dining and transit options.
As part of the Ontario Public Service, BOF requires employees to work in-office five (5) days/week. We believe in-person presence and collaboration strengthens culture and service delivery.
WHAT’S IN IT FOR YOU
Competitive compensation We offer fair, market-informed salaries that reflect your experience and qualifications, while balancing public sector responsibility.
The expected salary for this role is CA$144,000-$180,000 for candidates who meet the stated qualifications.
A retirement plan that’s built to last We offer a defined-benefit (DB) pension through the (Ontario) Public Service Pension Plan (PSPP) that provides predictable and secure income in retirement, indexed to inflation; early retirement options, survivor benefits, and is backed by the Government of Ontario. BOF also matches your contributions 1:1, adding ~9-11% of your salary in long-term value.
Benefits that prioritize your health & wellbeing For this position, we offer: “Day-1” Health, Dental, Life, AD&D and LTD insurance coverage for you and your dependents, with 100% of premiums paid for by BOF, and no annual deductibles or “upgrade” fees $750 Health Care Spending Account annually Optional supplementary life, AD&D, and critical illness insurance for you and your dependents Discounted Corporate Gym Membership Options Employee Assistance Program (EAP) for confidential help with mental health, fitness, relationships, nutrition, finances, elder care, and legal services Pregnancy & Parental Leave Top-up Time to recharge including 4 weeks annual vacation time, 13 paid statutory holidays, 6 paid sick days/ year with up to 124 more days of sick leave at 75% of salary
THE APPLICATION PROCESS
Current BOF employees should send their resume to HR@buildingonfund.ca
Please note that only applicants considered for introductory conversations, assessments, or interviews will be contacted. Selection is based on technical competence, relevant experience, and, where necessary, educational/professional credentials.
Accessibility & accommodations We are committed to an accessible recruitment process. If you require accommodation, please advise us, and we’ll work with you to provide any necessary and reasonable support to facilitate your participation.
Among other methods, you may reach out to us through our website, or send an email to HR@buildingonfund.ca.
Commitment to diversity, equity & inclusion Diversity and inclusion are core to BOF’s strength. We encourage applications from all backgrounds and identities, and hire through a merit-based process.
AI disclosure BOF uses AI to support documentation and summarization of candidate conversations.
Similar Jobs
Principal, Investments (Affordable Housing)
Top Benefits
About the role
Building Ontario Fund (BOF) is seeking a full-time Principal, Investments (Affordable Housing). (This job posting represents an existing vacancy.)
PURPOSE OF POSITION Accountable for assessing, structuring and closing of investments and project financing, for a range of affordable housing development projects. Typical projects require construction/project finance, that will act as a bridge to longer term/take out finance to be provided by other lender(s). This role will leverage a candidate’s real estate investment, commercial lending and/or project finance experience and expertise, to assist the Building Ontario Fund (BOF) to structure customized investment and finance solutions that respond to Project and Borrower needs, and drive achievement of policy objectives and financial returns for BOF.
KEY RESPONSIBILITIES Investment Origination and Triage Support ongoing evaluation of pipeline opportunities. Establish and maintain collaborative working relationships with Project Sponsors/Borrowers, to better understand Sponsor/Borrower and Project needs. Support development of financing solutions that respond to Sponsor / Borrower and Project needs, while respecting BOF policy objectives, pricing structures and risk management frameworks. Prepare, or oversee preparation of Project Screening materials and Board submissions. Maintain up-to-date knowledge of relevant news, market trends and competitive landscape.
Investment Underwriting, Structuring and Deal Execution Bring expertise to and lead the underwriting and analysis of Sponsor/Borrower investment and credit worthiness and Project financial viability. Complete, or oversee the completion of, investment underwriting, credit assessments and pricing models. Support high value negotiations with project Sponsors/Borrowers to establish acceptable loan terms and conditions. Lead the drafting of project term sheets and commitment letters (with support from assigned legal counsel). Prepare, or oversee preparation of, Project materials for Management Investment Committee and for Board submissions. Oversee and ensure completion of all necessary Project investment and loan documentation (with input and support from BOF Legal and Finance teams and assigned legal counsel).
Loan Administration and Asset Management Work closely with and support BOF Finance functions with recording and accounting for Project investments and loans within BOF financial systems. Work closely with and support BOF Finance functions with validating of Project funding requests, drawdowns/advances. Proactively monitor investment and loan performance, identify potential risks and develop mitigation strategies to safeguard the BOF’s resources and reputation. Receive and assess Sponsor/Borrower requests for consents, postponements and/or amendments to investment or loan structure and develop recommendations for responding to any such requests. Monitor maturity and repayment of loans and investments and ensure all Sponsor/Borrower obligations to BOF have been fully satisfied.
Leadership and Strategy Provide mentorship and deal leadership to junior team members of Project deal teams, fostering a culture of innovation, integrity, and accountability. Support the development of BOF investment and lending workstreams and best practices. Share investment and/or commercial lending/project finance expertise and experience with other BOF deal teams and members of the Investments function. Provide excellent customer service and build long-term relationships with Sponsors/Borrowers to promote BOF’s lending solutions. Support the development and execution of BOF strategic vision, aligning investment objectives with the needs of Ontario’s priority sectors.
Qualifications Education and Experience Bachelor’s Degree in Finance, Accounting, Business, Economics, Mathematics, or related field, or equivalent experience. Masters in business administration (MBA) or Chartered Financial Analyst (CFA) Designation preferred, but not required. Minimum of seven (7) years of real estate investment, commercial lending, corporate finance, project finance, investment banking, private equity or related investment sector work, with a minimum of five (5) years of real estate investment, commercial lending and/or project finance experience. Knowledge and Skills Knowledge of investment theories, principles and practices, business finance/management operations and requirements, sector trends and challenges, and regulatory, partnership and funding/financial issues. Knowledge of risk assessment and risk management principles and due diligence analysis to monitor and manage loan portfolios, proactively identify potential risks and implement mitigation strategies. Excellent negotiation and relationship management skills, to support and/or lead high-value negotiations on investments and loan terms and conditions with Sponsors/Borrowers. Sound leadership skills to direct and mentor a deal team during loan negotiations to achieve optimal, mutually beneficial agreements. Strong research and analytical skills to lead market research initiatives to support lending decisions. Excellent verbal and written communication skills to work effectively with internal stakeholders and external Sponsors/Borrowers. Excellent organizational and priority management skills. Financial acumen and proficiency in investment and credit analysis to underwrite and analyze credit and financial information to determine investment and credit worthiness of potential Borrowers and Projects. Collaborative, team-oriented mindset that prioritizes team needs and goals and works to foster collective success. Advanced technical proficiency with Microsoft Excel and PowerPoint.
THE ENVIRONMENT
Physical Our office at 79 Wellington Street W, Toronto is steps from Union Station, with great dining and transit options.
As part of the Ontario Public Service, BOF requires employees to work in-office five (5) days/week. We believe in-person presence and collaboration strengthens culture and service delivery.
WHAT’S IN IT FOR YOU
Competitive compensation We offer fair, market-informed salaries that reflect your experience and qualifications, while balancing public sector responsibility.
The expected salary for this role is CA$144,000-$180,000 for candidates who meet the stated qualifications.
A retirement plan that’s built to last We offer a defined-benefit (DB) pension through the (Ontario) Public Service Pension Plan (PSPP) that provides predictable and secure income in retirement, indexed to inflation; early retirement options, survivor benefits, and is backed by the Government of Ontario. BOF also matches your contributions 1:1, adding ~9-11% of your salary in long-term value.
Benefits that prioritize your health & wellbeing For this position, we offer: “Day-1” Health, Dental, Life, AD&D and LTD insurance coverage for you and your dependents, with 100% of premiums paid for by BOF, and no annual deductibles or “upgrade” fees $750 Health Care Spending Account annually Optional supplementary life, AD&D, and critical illness insurance for you and your dependents Discounted Corporate Gym Membership Options Employee Assistance Program (EAP) for confidential help with mental health, fitness, relationships, nutrition, finances, elder care, and legal services Pregnancy & Parental Leave Top-up Time to recharge including 4 weeks annual vacation time, 13 paid statutory holidays, 6 paid sick days/ year with up to 124 more days of sick leave at 75% of salary
THE APPLICATION PROCESS
Current BOF employees should send their resume to HR@buildingonfund.ca
Please note that only applicants considered for introductory conversations, assessments, or interviews will be contacted. Selection is based on technical competence, relevant experience, and, where necessary, educational/professional credentials.
Accessibility & accommodations We are committed to an accessible recruitment process. If you require accommodation, please advise us, and we’ll work with you to provide any necessary and reasonable support to facilitate your participation.
Among other methods, you may reach out to us through our website, or send an email to HR@buildingonfund.ca.
Commitment to diversity, equity & inclusion Diversity and inclusion are core to BOF’s strength. We encourage applications from all backgrounds and identities, and hire through a merit-based process.
AI disclosure BOF uses AI to support documentation and summarization of candidate conversations.