Head of Finance, Michigan Rail, a BAM portfolio company

Location

Brookfield Place - 181 Bay Street

Business - Infrastructure

Brookfield Infrastructure Group is one of Brookfield’s primary operating groups. The Infrastructure Group is one of the world’s largest infrastructure investors, owning and operating critical assets across the transport, utilities, energy, and data infrastructure sectors. The Group operates and manages approximately $191 billion of assets owned through its private funds and publicly listed entity, Brookfield Infrastructure Partners. Our portfolio of assets facilitate the movement and storage of energy, water, freight, passengers and data, and are located in North and South America, Europe and the Asia Pacific regions. For more information, visit: https://www.brookfield.com/our-businesses/infrastructure

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Portfolio Company Background

Michigan Rail is an investment with Brookfield Infrastructure’s North American portfolio. The investment consists of:

• A joint venture with a leading railcar lessor, collectively managing a ~$4 billion fleet consisting of approximately 100,000 railcars, and
• A wholly owned fleet of ~23,000 railcars and locomotives, managed by our JV partner, with total assets of approximately $1 billion

These are critical assets underpinning the North American transport network with stable demand and highly contracted cashflows, however from time-to-time decisions will be required on asset sales, treasury, liquidity, and operating matters that will require support from the Head of Finance along with Brookfield Investment and Portfolio Management teams. Additionally, the business is uniquely positioned and not easily replicated given the time and investment required to match their scale, along with best-in-class strategic partner.

Role Overview

The Head of Finance will be based in Toronto and will be accountable for all elements of the finance function supporting Brookfield’s interest in the Joint Venture, and our wholly-owned fleet. There may also be travel required to our strategic partner’s office in Chicago a few times a year. In the role, you will work closely with our JV partner, Brookfield’s investments and portfolio management teams, and accounting and tax service providers to build and optimize the finance function and drive value creation within this investment.

Working closely with service providers, the Head of Finance has direct responsibility for all elements of the finance function including financial reporting, forecasting, debt compliance, treasury and liquidity management, platform-level analysis and ad hoc finance deliverables.

This is an excellent opportunity for a motivated finance professional to gain direct exposure to a growing infrastructure platform, with responsibility across the core finance activities of an investment operating company.

Key Responsibilities

• Lead preparation of quarterly and annual audited financial statements, working in conjunction with our JV partner and accounting service providers
• Own the financial forecast, operating KPIs, liquidity and distributions forecasts for both businesses
• Oversee tax provision and tax compliance work, working with tax service provider
• Maintain valuation model for the respective investments, as well as asset pricing and sales tools to support re-leasing / sale decisions
• Provide recurring updates to Brookfield with respect to investment performance
• Lead debt compliance for a secured financing arrangement and revolving credit facility
• Oversee treasury and payments, collaborating with Brookfield Treasury and our JV partner

Technical Skills and Experience

• Bachelor’s degree in accounting, finance, economics, business or a related discipline
• Professional designation (CPA, CA, CFA)
• 7+ years of relevant work experience
• Relevant accounting, audit, transaction services, infrastructure, asset management or corporate finance experience
• Strong Excel skills and ability to work with financial models, reporting templates and large data sets
• Good understanding of financial statements, accounting principles, debt obligations and core finance processes
• Strong analytical and problem-solving skills, with excellent attention to detail
• Ability to manage multiple recurring deliverables and produce high-quality work under deadlines
• Strong written and verbal communication skills, with the ability to interact effectively with finance and non-finance stakeholders
• Proactive, organized and willing to take ownership of tasks from start to finish
• Interest in infrastructure, asset management and investment operating companies
• Comfortable working in a dynamic, fast-paced and evolving platform environment

Personal Attributes

• Highly motivated, dependable and team-oriented
• Strong attention to detail and commitment to accuracy
• Curious and eager to learn across financial reporting, treasury, debt, lender reporting and platform finance
• Able to work independently while escalating issues appropriately
• Comfortable coordinating across multiple platform workstreams and stakeholders
• Demonstrates sound judgment, professionalism and discretion

Position Opening Reason:

New Position

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.

Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.