{"id":344854,"url":"https://alion.io/job/adi-development-group-investment-associate","title":"Investment Associate","company":{"id":7305,"name":"Adi Development Group","domain":"adidevelopments.com","url":"https://alion.io/company/adi-development-group","size_band":"51-200","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Lever","truth_index":null},"role":"Operations","role_family":"Operations","seniority":"middle","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Burlington, Canada"],"countries":["CA"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":95000,"max":120000,"currency":"CAD","period":"year","gross":null,"usd_annual":85307},"salary_estimate":null,"experience_years_min":3,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Microsoft Excel","optional":false}],"status":"live","first_seen_at":"2026-07-28T18:29:40Z","employer_posted_date":"2026-07-28","last_verified_at":"2026-11-13T09:18:37Z","board_verified":true,"closed_at":null,"days_open":107,"trust":{"level":"stale","repost_count":0,"flags":["stale"],"days_open":107},"description":"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.\nWe are seeking an Associate to join the Investments team, with end-to-end responsibility for underwriting, structuring, and execution across the firm's acquisition and development activities. Reporting to the VP of Investments, the Associate will lead financial modeling and diligence on new opportunities, contribute to investment decisions through Investment Committee, and partner with senior leadership on capital formation and lender relationships. The position is intended for a candidate who assumes full ownership of the underwriting function and brings rigor, intellectual curiosity, and disciplined commercial judgment to every transaction.\nWhat You'll Do\nLead financial modeling and underwriting for acquisitions, ground-up development, and value-add multifamily across the GTA\nLead underwriting on new opportunities - sources & uses, development budgets, lease-up assumptions, debt sizing, waterfall structures, and LP/GP returns - and present recommendations to the Investment Committee\nManage the deal pipeline and lead preliminary investment screens to filter opportunities before full underwriting\nLead third-party due diligence and project reporting workstreams - including appraisals, cost consultant reports, first draw reports, and market studies - through closing and into construction\nStructure and model joint venture waterfalls, promote structures, and partner economics, working alongside legal counsel on key deal documents\nOwn 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\nPartner with senior leadership on capital raising and LP fundraising, producing model outputs, return scenarios, track records, and analytical content for PPMs, teasers, IC decks, and DDQ responses; participate in LP meetings as required\nLead debt raising and financing workstreams, including construction loan sizing, refinancing analysis, lender models, covenant testing, and term sheet negotiation support across senior, mezzanine, and CMHC-insured structures\nRun sensitivity and scenario analyses to stress-test investment theses\nAuthor Investment Committee memos and present transactions to IC; contribute to LP reporting, fundraising materials, and ODD responses\nConduct market research and comparable analysis across our active jurisdictions\nPartner with development, construction, and property management teams to validate inputs and ground-truth assumptions\nContribute to the development of the firm's underwriting standards and templates\nWhat We're Looking For\n3-6 years of experience in real estate private equity, real estate development, or real estate investment banking, with direct exposure to ground-up development underwriting\nDevelopment underwriting and modeling experience is required; multifamily experience strongly preferred\nHands-on experience with CTD/CTC reforecasting and development cost tracking is a strong asset\nAdvanced Excel and financial modeling skills - you can build a model from a blank sheet, not just plug into a template\nMBA from a recognized program required\nCAIA and/or CFA designation preferred\nBachelor's degree in finance, real estate, economics, or related field\nDemonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required\nDemonstrated ability to lead transactions independently and present to senior leadership and external stakeholders, including LPs, lenders, and JV partners\nA genuine self-starter who identifies issues independently, drives them to resolution, and does not require direction to move work forward\nA track record of forming and defending a point of view - we expect the Associate to bring recommendations to the table, not just outputs, and to back them with sound analysis\nDemonstrated ownership mentality - treats the underwriting function as their own and consistently goes beyond the brief to pressure-test assumptions and improve the work product\nComfortable operating with limited oversight in a team environment, working cross-functionally across departments, and proactive in flagging risks, gaps, and opportunities to senior leadership\nStrong written and verbal communication - IC memos, LP communications, and lender presentations are central to the role\nWhy Adi?\nYou'll 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 deal ownership, direct exposure to institutional capital partners and lenders, and a defined development path for a candidate who performs.\nLearning & Development Reimbursement: Adi encourages team members to never stop learning and continuously improve. \nCompetitive Paid Time Off: Team members are provided with substantial paid vacation, wellness, and sick days annually.\nCompetitive Salaries: Adi regularly conducts compensation market reviews to ensure our total compensation package remains competitive.\nEmployee Home Ownership Program: Adians have the opportunity to live in the beautiful communities we create through our Employee Home Ownership Program. Eligible team members will receive a % discount off the total purchase price. \nComprehensive Benefits Plan: Adi provides all full-time team members and dependents with benefits coverage for dental, prescriptions, vision care, paramedical practitioners, life insurance and more\n Flexible Health, Lifestyle & Wellness Personal Spending Account: Annual health, lifestyle & wellness spending accounts that can be used for fitness classes, gym memberships, family & pet needs, additional health benefits and more!","description_format":"text","description_chars":6230,"description_truncated":false,"requirements":{"experience_years_min":3,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"bachelor","optional":false},"security_clearance":false,"languages":[]},"benefits":["Equity","Gym membership","Life insurance"],"hiring_locations":[{"name":"Canada","iso":"CA","kind":"country"}],"hiring_excludes":[],"relocation_offered":false,"industries":["Real Estate Investment","Property Development","Residential Real Estate"],"lifecycle":[{"event":"open","at":"2026-09-05T18:26:05Z"}],"visa":[],"liveness":{"score":8,"band":"cold","label":"Long shot","p_open":1,"p_active":0.3,"p_room":0.28,"age_days":106,"expected_fill_days":26,"reasons":["conf:3","win:tail","crowd:"],"computed_at":"2026-11-12T10:38:37Z"},"pay":{"stated_usd_annual":85307,"is_top_pay":false},"html_url":"https://alion.io/job/adi-development-group-investment-associate","json_url":"https://alion.io/job/adi-development-group-investment-associate.json","meta":{"generated_at":"2026-11-13T14:35:50Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":29282,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-11-14T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.1,"usd":0.01,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":7305},"rest":"https://alion.io/mcp/rest/get_company?id=7305"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fadi-development-group-investment-associate"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"free","price":{"credits":0,"usd":0},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fadi-development-group-investment-associate"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.1,"usd":0.01},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fadi-development-group-investment-associate"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/adi-development-group-investment-associate\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fadi-development-group-investment-associate"}],"agent":{"mcp":"https://alion.io/mcp/jobs","mcp_open":"https://alion.io/mcp/open","next":[{"tool":"get_job","arguments":{"id":344854}},{"tool":"search_jobs","arguments":{"company":"adidevelopments.com","detail":"compact"}},{"tool":"match_people","arguments":{"job_id":344854},"note":"people open to offers who fit this vacancy"}],"note":"The same data through MCP tools: https://alion.io/mcp/open needs no sign-in (compact searches, postings, people); https://alion.io/mcp with an Alion account has everything. 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