FAQs

Posted on May 11, 2021

Our client is a stable and growing diversified real estate company in Toronto, Ontario. With its growth, the company is involved with exciting new projects from several asset classes. Thus, the CFO is seeking a VP Finance with recent (i.e. less than 6 years)  experience in real estate development and a bottom-up understanding of development accounting. The VP Finance will lead the development financial/accounting function of the department, manage the accounting/control functions, and report development financial results as per IFRS standards.

If you’re looking for a company that will continue to grow and will encourage your personal/professional growth that is unparalleled in the GTA, don’t wait and apply now!

Responsibilities

• Corporate and project cash-flow projecting
• Construction budgeting and cost reporting
• Review project proformas, variance analysis
• Oversee preparation of construction draws, respond to project monitor inquiries
• Respond to vendor inquiries
• Balance sheet reconciliations, review and process invoices, tax payments
• General ledger analysis and maintenance, post journal entries for sales and purchases
• Set-up ledgers for new corporate entities
• Monitor and prioritize vendor payments
• Review construction financing
• Inter-company accounting and invoicing
• Preparation of year-end working papers, review year-end adjustments, and tax planning
• Analyze joint venture agreements, prepare distribution schedules, and capital calls
• Quarterly preparation of financial statements, reporting to joint venture partners
• Maintain schedules for shareholders and joint venture partners
• Provide project information to MPAC when requested

Requirements

• College diploma or University degree, coupled with the CPA designation
• 6+ years of accounting experience, specifically within real estate development
• Working knowledge and understanding of the construction or real estate development sector
• Working knowledge of inter-company accounting
• Knowledge of IFRS
• Excellent oral and written communication skills
• Ability to work effectively in a team environment, as well as independently
• Hands-on approach to accounting and management

If you’re interested in learning more about this opportunity, please contact elan@winchesters.ca with your resume and cover letter. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Posted on May 11, 2021

Our client is an established manufacturing company that is in growth mode. They’re currently seeking an Accounts Payable Specialist for their corporate office in Concord, Ontario. The company possesses a work culture that values high-performance, experience, and efficiency, and team work. 

The Accounts Payable Specialist will provide overall support for the Finance and Accounting team in a fast-paced, multi-company environment. The candidate will process invoices and prepare payments in an accurate, efficient and timely manner. There is career growth within the Accounts Payable department, so apply now!

Responsibilities

• Complete payments and controls expenses by receiving, processing, verifying, and reconciling invoices
• Reconcile processed work by verifying entries and comparing system reports to balances
• Charge expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries
• Pay vendors by monitoring discount opportunities, scheduling/preparing checks, and resolving purchase orders, contracts, invoices, or payment discrepancies/documentation
• Reconcile subledger accounts and performing recharges and payments
• Ensure credit is received for outstanding memos
• Issue stop-payments or purchase order amendments
• Pay employees expenses by receiving/verifying expense reports, prepare checks
• Maintain accounting ledgers by verifying and posting account transactions
• Verify vendor accounts by reconciling monthly statements and related transactions
• Report sales taxes by calculating requirements on paid invoices

Requirements

• Diploma or university degree
• Minimum of 5 years of Accounts Payable experience
• Strong organizational skills with an ability to prioritize tasks with a keen attention to detail
• Great communication skills – written and oral
• Advanced Excel skills – i.e. pivot tables, vlookups, etc.
• Proficient in data entry and document management
• In addition to a base pay between $55,000 to $65,000, the position also includes great benefits!

If you’re interested in learning more about the role, please contact elan@winchesters.ca with your resume and cover letter. Unfortunately, due to a high volume of applicants, only individuals chosen for an interview will be contacted.

Posted on May 11, 2021

Are you:

• A professional with a strong work ethic and are able to juggle multiple projects?
• An independent problem-solver who can handle making good judgments with minimal direction?
• Organized, efficient, resourceful, adaptive, positive, and helpful?

If so, you could be exactly what we need!

Our client is seeking an Accountant who’s keen to learn and continually improve the efficiency of the financial reporting processes. Our client is a fast-growing company with multiple, successful business lines. Thus, the company continually provides services to satisfy their diverse clientele and investment opporunities, providing attractive returns for investors. Moreover, the company has a fantastic culture with excellent leadership.  If you’re seeking an intermediate accounting role and are a self-motivated, detail-oriented professional with great communication skills, don’t wait any longer to apply!

Responsibilities

• Day-to-day accounting entries
• Reconcile and maintain bank accounts, A/R, A/P, and general journal entries and adjustments
• Communication with internal and external stakeholders
• Assist with auditing processes and organization of office materials and files
• Complete monthly (or as needed) journal entries
• Cash receipt entry, accounts payable, accounts receivable and account reconciliations
• Satisfy customer service queries, internal department queries and problem solving
• Account payment histories
• Tax remittances
• Compilation and distribution of daily management reports
• Compliance reporting
• Perform duties and assigned tasks as a team player

Requirements

• Relevant university degree/college diploma
• The ideal candidate will be pursuing the CPA designation
• Minimum of 2 years of work experience as junior or intermediate accountant
• Basic knowledge of GAAP and budgeting methods
• Detail orientated with excellent organizational and follow up skills
• Ability to produce and manage daily management reporting requirements
• Ability to manage multiple projects, activities, and tasks simultaneously
• Good oral and written communication skills
• Energetic team player with ability to work independently
• Proficient in Microsoft Word and Excel
• Knowledge of Great Plains would be an asset
• Position includes discretionary bonus, health/dental benefits and 2-weeks of vacation

If you are interested in learning more about this opportunity, please contact elan@winchesters.ca with your resume and cover letter. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Posted on May 11, 2021

We’re seeking an experienced Senior Accountant who possesses a real estate background with development accounting experience. Our client is an established, family-run real estate company in Concord, Ontario. The ideal candidate is reliable, dedicated, and interested in long-term growth for years to come. The successful candidate will act as the finance department head for the company. Reporting directly to the Owner, the candidate will also work with the Owner and external parties (joint ventures, financiers, consultants, government agencies and others) to complete finance, accounting, and reporting tasks for all projects.

This is a unique role because it provides the successful candidate full autonomy to be as a hands-on leader for the company. The company also offers a flexible and relaxed work environment. So ditch the stressful, corporate job in Toronto and apply now for a much more relaxed work setting in Concord!

Responsibilities

• Work directly with the Owner in the design of the initial ownership structuring of projects and partnerships 
• Responsible for all accounting matters – draws, deposits, equity, mortgage payments, etc.
• Manage the monthly construction draw process with the project cost consultant and construction lender
• Construction accounting software lead (Jonas and Quickbooks)
• Cash flow management – keep track of all bank accounts, monthly deposits and payables – maintain the funding of accounts and handle equity deposits when necessary
• Handle all of the mortgages and lending agreements, paying particular attention to when they must be renewed or renegotiated
• Track sales agreements and related deposits
• Deal with closing processes, managing all deposits from purchasers and from tenants
• Manage equity draws for project ownership entities, partnerships and joint ventures consistent with their respective legal structuring 
• Handle insurance for some of the real estate properties under management
• Liaise with Tarion and the opening of new registrations
• Review statement of adjustments on acquisitions and sales
• Liaise with external accountant and provide year-end working papers
• Ad-hoc duties as required

Requirements

• A University degree; CPA Designation is an asset (but not required)
• 3+ years experience in finance/accounting in real estate would be an asset
• Strong analytical and critical thinking skills 
• Working knowledge of Excel
• Excellent interpersonal and communication skills 
• Positive and professional demeanor 
• Please note that during this time, this position does not include health and dental benefits.

If you’re interested in learning more about this opportunity, please contact elan@winchesters.ca with your resume and cover letter. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Posted on May 11, 2021

A well-established residential real estate homebuilder in the GTA is looking for a Senior Project Accountant to join a dynamic team environment. Currently, the company is experiencing a rapid growth and is looking for an individual with drive to achieve excellence within the company. This is a great opportunity for someone who wants to work under a CFO who is a great mentor and focused on employee development.

Reporting to the Controller and CFO, the Senior Project Accountant will play a key role to provide reliable and efficient support and reporting for pre-development, construction, and closing projects for cost consultants, internal and external partners.  The position requires preparation and meaningful analysis of monthly and annual financial statements. The Senior Project Accountant will assist with the budgeting and forecasting process, maintaining the full accounting cycle for development projects. 

RESPONSIBILITIES

• Oversee the full accounting cycle for multiple development projects.
• Perform monthly calculations, reconciliations and recording of revenues, management fees, and interest for each project.
• Perform timely month-end close, verify records of all pertinent transactions (i.e. setting up monthly accruals),  and properly document journal entries.
• Prepare monthly construction draws and co-ordinate with cost consultants.
• As needed, coordinate with the operations and other teams to process monthly property financials (i.e. invoice coding, purchase orders, project details and variance analysis)
• Maintain ongoing analysis of project budgets on a pro-forma basis from joint venture partners. 
• Perform regular bank and trust deposit reconciliations.
• Set up project budgets, estimate and change orders in the accounting system, and implement control/maintenance activities.
• Prepare and process cash calls, record and reconcile project distributions/contributions.
• Assist in cash flow reconciliations and analysis.
• Prepare internal and external partner reporting for each project, including support for GL balances.
• Assist in monthly compliance reporting to lenders, government, and partners.
• Identify and implement process re-engineering opportunities.
• Ensure compliance with Generally Accepted Accounting Standards (IFRS and ASPE), internal audit, client accounting services, and internal review standards.

QUALIFICATIONS

• Bachelor’s degree in Accounting (preferred) or Finance required; CPA is an asset
• 3-5 years of accounting experience
• Real estate development company experience preferred
• Advanced accounting and analytical skills
• Excellent verbal and written communication skills
• Must be able to work well independently and collaboratively with others
• Must be detail oriented with strong analytical skills
• Strong working knowledge of Microsoft EXCEL and other spreadsheet applications required; experience with real estate accounting software is a plus (JDE, NEWSTAR, YARDI)
• System conversion experience is a plus.

If you are interested in learning more about this opportunity, please contact elan@winchesters.ca with your resume and cover letter. Unfortunately, due to the high volume of applicants, only those individuals chosen for an interview will be contacted.

Senior Analyst – Acquisitions and Investments
Downtown Toronto, Ontario
$80,000-$100,000 base plus bonus

Our client is an established and growing boutique family office with a focus on alternative investments that is looking for a strong Analyst or Development Manager to step into this Senior Analyst position reporting directly to the President/CEO. This position will be instrumental in strategically evaluating new investment opportunities, offering someone a great opportunity to assist in sourcing and structuring new investments, monitoring the existing portfolio, and help the owner at a strategic level.

Our client believes in taking a long-term approach to investing, with the goal of achieving superior compounded investment returns through strong capital allocation and conducting business with a high degree of integrity. They have experienced 15 years of growth with their investments in the US and Canada, so now is a great time to join and help drive continued success within this opportunistic investment firm.

The Senior Analyst will be accountable for the financial analysis and modelling for all new and existing business investment opportunities in areas such as real estate development, energy, and other forms of investment. As a close-knit team, this family office is seeking someone with a strong work ethic desiring a long-term future with the firm. He/she will be a key collaborator to the President in ensuring the deliverance of key metrics to support the strategic plan. You should come with prior real estate development experience.

Responsibilities:

• Due diligence and acquisition analysis
• Underwrite new investments and create detailed proforma budgets
• Project budget review with focus on actual vs budget proformas periodically to meet company and project objectives
• Draft investor letters reporting on sales, cost variances, profits, land use changes, etc. and any other material developments.
• Analyze project cash flows and prepare sensitivity analysis to study impacts on overall project/investment
• Prepare equity and investment IRR waterfall analysis
• Monitor and update all project proformas, cashflows and IRR models in conjunction with other team members
• Participate, collaborate and give recommendations on new and existing investments and identify areas for improvement

Requirements:

• Strong sense of integrity, eagerness to learn and a high degree of humility
• Must have at least three (3) or more years’ experience in financial analysis in real estate development or similar
• Completed a university degree; a professional designation with exposure to real estate development is preferred but not mandatory
• Have a reasonable understanding of both high-rise and low-rise, mixed use and commercial development
• Possess excellent communication (both written and verbal) and presentation skills
• Enthusiastic, energetic and self-motivated and able to collaborate openly within a team environment

If you are interested in learning more about this opportunity, please send your resume in confidence to elan@winchesters.ca. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.