What this job involves:
As a Senior Capital Markets Analyst, you will take ownership of financial underwriting and analysis for investment opportunities, working independently while still collaborating closely with senior brokers. This role requires you to manage complete financial models, contribute to client-facing materials, and coordinate aspects of due diligence processes. You'll handle more complex assignments with less oversight, develop expertise across multiple asset classes, and begin mentoring support analysts.

Senior Capital Markets Analyst – JLL
As a Senior Capital Markets Analyst, you will take ownership of financial underwriting and analysis for investment opportunities, working independently while still collaborating closely with senior brokers. This role requires you to manage complete financial models, contribute to client-facing materials, and coordinate aspects of due diligence processes. You’ll handle more complex assignments with less oversight, develop expertise across multiple asset classes, and begin mentoring support analysts.

What this job involves:
As a Senior Capital Markets Analyst, you will take ownership of financial underwriting and analysis for investment opportunities, working independently while still collaborating closely with senior brokers. This role requires you to manage complete financial models, contribute to client-facing materials, and coordinate aspects of due diligence processes. You’ll handle more complex assignments with less oversight, develop expertise across multiple asset classes, and begin mentoring support analysts.

What your day-to-day will look like:

Conduct comprehensive financial underwriting for commercial real estate transactions, building complete financial models with multiple scenarios and sensitivity analyses while applying judgment to validate key assumptions





Independently review and interpret property-related documents (budgets, rent rolls, CAM reconciliations, lease abstracts) to identify material issues, discrepancies, or value drivers that impact investment analysis

Contribute meaningfully to client deliverables by drafting sections of offering memoranda, investment presentations, and pitch materials under senior review, with increasing autonomy over time

Conduct in-depth market research and competitive analysis, synthesizing economic trends, demographic data, and submarket dynamics to support investment recommendations and positioning strategies

Support due diligence coordination by managing specific workstreams (financial, lease audit, market), liaising with third-party consultants, and ensuring timely delivery of analysis

Analyze zoning, entitlements, and planning frameworks to assess development potential, regulatory considerations, and timeline implications for transactions

Review and provide feedback on support analysts' financial models and deliverables, helping to develop their technical skills and maintain quality standards

Required Qualifications:

Bachelor's Degree in Finance, Real Estate, Economics, Engineering, Computer Science, or related quantitative fields with strong academic performance

3-4 years of experience in commercial real estate analysis, corporate finance, private equity, or related analytical roles with demonstrated progression in responsibility





Solid commercial real estate financial modeling experience including development pro formas, cash flow analysis, and understanding of debt structures

Solid understanding of CRE investment metrics (IRR, equity multiple, DSCR, cap rates, NOI) and ability to apply them appropriately across different transaction types

Advanced Excel skills including complex formulas, financial modeling best practices, scenario analysis, and data organization; familiarity with ARGUS Enterprise is a plus

Demonstrated ability to work independently on assigned transactions while knowing when to escalat

Strong written and verbal communication skills with ability to present financial analysis clearly to internal stakeholders and contribute to client-facing materials

Preferred Qualifications:

Experience working on transactions across multiple commercial real estate asset classes (office, industrial, retail, multifamily, mixed-use)

Exposure to construction and land development financing including understanding of project timelines, cost structures, and phasing considerations

Proficiency with industry tools such as CoStar, Real Capital Analytics, Yardi, or similar commercial real estate data platforms

Experience leveraging AI-powered tools to enhance research efficiency, automate repetitive analytical tasks, or generate preliminary market insights

Capability with graphic design or data visualization tools (Adobe Creative Suite, Canva, Tableau, Power BI) to create professional client materials

Pursuit of professional credentials: CFA Level I/II candidate, working toward CCIM designation, or similar industry certifications

Previous exposure to institutional-grade transactions or work with sophisticated investor audiences

Location:
Toronto, Onsite

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📌 Senior Analyst, Capital Markets (Ontario)
🏢 JLL
📍 Ontario