Payam Ressalat

Payam Ressalat
Manager, Finance

Payam Ressalat joined the Agency’s B.C. Regional Service Centre in 2006 as a relationship manager. He first learned about Canadian co-operative housing at Canada Mortgage and Housing Corporation where he worked for five years in positions of increasing responsibility. In 2015 Payam shifted his focus to financial matters, first becoming a senior analyst and then the lead analyst on the retirement of the division director. Now a Certified General Accountant, Payam holds an Honours Bachelor’s degree in commerce from Laurentian University and a certificate for studies in French language and linguistics from the University of Paris. As Manager, Finance, Payam oversees the work of the Agency’s bookkeeping/accounting firm, assists the auditor, supports the Finance and Audit Committee and is responsible for the Agency’s budget, five-year financial plan and similar matters. Payam’s strong financial skills are enhanced by his ability to work effectively and pleasantly with peers, support staff and senior management.

Tip of the Month

Infectious Arrears

In co-ops where board members are behind on their housing charges, the amount all members owe is almost four times higher than in co-ops where board members pay on time. This number speaks for itself.