Senior Project Accountant
North York, ON – hybrid with 3 days a week in the office
$95,000-$110,000 base plus bonus and excellent profit-sharing piece
Our client is a growing real estate company looking for a Senior Project Accountant to join their Toronto accounting team. This is a new position, offering someone who has either been working in development accounting or project accounting, the opportunity to carve out a new position in the company.
The Senior Development Accountant will focus on project accounting, construction draws, planning, and dealing with internal/external stakeholders to ensure reporting flows well between accounting/finance and operations. The candidate will have the flexibility to work remotely permanently.
Our client offers a competitive compensation package with excellent benefits and wellness programs. As an industry leader in real estate, the Senior Development Accountant will enjoy being a part of a progressive, world-class work environment.
Responsibilities
- Day to day full cycle accounting function of assigned corporate entities including bank reconciliations, account reconciliations and HST returns
- Prepare equity and debt draws for project ownership entities, partnerships, and joint ventures consistent with their respective legal structures, and in coordination with cost consultants and construction lenders
- Communicate and engage with investment partners on accounting inquiries and statements
- Provide financial analysis of projects and operations to the internal executive team, with a goal to seek improvements and compliance with project goals
- Prepare monthly reports on projects to be distributed to investors, partners, and lenders
- Monitor and manage the invoice payables of projects, while reconciling with the contracts to ensure accurate, consistent procedure and payment
- Conduct and manage with the team reconciliation of project accounts and reporting to external accounting firms for year-end filings
- Review monthly cost consultant reports and compare to accounting records
- Drive schedules on reporting requirements, budgeting, and investor reporting
- Monitor budgets and project performance, providing monthly budgeting forecasts
- Oversee and review work of junior project accountants with a goal to develop and mentor
- Prepare construction draw packages
- Verify and approve statement of adjustments, prepare, and post interim occupancy closing and final closing entries
Qualifications
- Bachelor’s degree in applicable field
- CPA designation or final stages
- Minimum 2-4 years of relevant work experience in the real estate development industry
- Strong working knowledge of accounting principles, practices and their application in real estate
- Strong skills and experience with Excel (i.e. modelling, data analysis, presentation)
- Superb interpersonal skills, with abilities to clearly communicate technical concepts and best practices
- Sound understand and experience of a construction draw process
- Excellent team player with the ability to work independently
How to Apply
If you would like to find out more about the role, please apply now. Send your resume to [email protected] Unfortunately, due to the high volume of applicants, only those individuals chosen for an interview will be contacted.