FAQs

Senior Development Accountant
Hybrid, Downtown Toronto, ON
$90,000 – $105,000 Base Plus Bonus, Pension, 3 Weeks Vacation & Excellent Benefits 

Our client is a large real estate organization looking to hire a senior development accountant in this new position for the department. This is an excellent role for an accountant who has worked in development or construction and has experience with the draw process, working with cost consultants, and dealing with joint venture partners. This company can offer unparalleled benefits that go along with a great compensation package.

The Senior Development Accountant will work on a varied array of interesting responsibilities like monthly draw work, monthly percentage/cost to complete analysis, forecasting, budgeting, and more.

Responsibilities:

• Perform month-end, quarter-end development project level close, all related accounting activities including recording journal entries, accruals, maintaining and reconciling the general ledger
• Maintain working paper files for each project including full project GL balance reconciliations
• Prepare working paper files and draft journal entries for development related transactions and PUD to IPP transfers
• Build working relationship with joint venture partners to deliver accurate and timely consolidated month-end financial results
• Communicate and collaborate with internal business partners to remain informed about development project status
• Assist in the maintenance of internal control policies and procedures
• Assist capital projects team in preparation of cash calls
• Continuously implement process improvement initiatives to increase effectiveness and productivity
• Compile supporting documents for auditors on a quarterly basis
• Complete ad-hoc analyses or reports as required

Qualifications:

• CPA or pursuing it
• Minimum of 2-3 years’ experience within accounting and reporting
• Commercial & mixed-use real estate industry experience is an asset
• Ability to organize and prioritize various tasks in a fast-paced environment
• Excellent communication and interpersonal skills
• Proficiency with Microsoft Suite applications (Excel, PowerPoint, Word), Financial systems (JDE, BI tools, Spreadsheet Server), Power BI is an asset

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

Senior Project Accountant
North York, ON – Onsite
$75,000 – $90,000  Plus Great Benefits

The company is a full integrated real estate company. They are currently accepting applications for the role of Senior Project Accountant to deal with the tremendous growth they are experiencing. They have a number of interesting new projects coming up this summer that will last for 5-6 years. This role will eventually take supervisory responsibilities over an AP Specialist. The business has a very relaxed, calm atmosphere where individuals are respected by trusting and kind owners.

The role of the Senior Project Accountant or Project Accountant will be managing the costs and budget for several projects. The accountant will report to a Controller and will be responsible for ensuring best practices are implemented and adhered to. This includes reviewing and analyzing job profitability, reviewing payables and receivables for accuracy, ensuring timely payments and collections, analyzing budget variances, and working closely with the AP Specialist.

Responsibilities

• Review payables for accuracy
• Assess any escalated payable matters and discuss resolutions with Project Management team
• Provide, maintain, and record any issues/concerns about payables
• Ensure timely and accurate billings by working with PM team to ensure all deadlines are met, and all billings are reflective of percentage of completion
• Work closely with clients to ensure demands are met, ensuring valid documentation and variance analysis
• Ensure variances are accounted for
• Ensure change orders are billed correctly and in full, in a timely manner
• Prepare monthly project summary of the cost and revenue details with analysis
• Schedule and run monthly meetings with PM team to troubleshoot any issues and ensure targets are being met
• Analyze monthly payroll and post journals
• Prepare monthly bank reconciliations and report to the Controller on cash health
• Review, prepare and Netfile monthly HST
• Assist with ad hoc projects as required, including year-end working paper preparation, and assist with annual external review by responding to auditor inquiries
• Assist with monthly forecast preparation

Requirements

• Diploma or university degree
• 2-3 years of project accounting experience minimum
• Strong organizational skills with an ability to prioritize tasks with a keen attention to detail
• Strong communication skills – written and oral
• Priority will be given to individuals coming from construction or development but it is not required
• Proficient in data entry and document management

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

Accounts Payable Coordinator
Vaughan, ON – Onsite
$60,000 – $65,000 

Responsibilities:

• Full accounts payable cycle
• Cheque runs and manual cheques in accordance with company polices
• Coding of invoices for job costs of various development and housing projects
• Interacting with staff on questions with invoices and investigating any discrepancies
• Coordinating with suppliers about invoices and the status of payments
• Preparing bank reconciliations, recording cash receipts and some accounts receivable duties
• Assist the accounting department with other duties as necessary
• Enter Purchase Orders for Non-Site expenditures
• Enter Contracts for High Rise and Low Rise costs into Newstar

Requirement:

• Proven work experience in accounts payable in a construction setting, specifically with high-rise or mid-rise projects
• 3-5 years experience in accounts payable
• Good understanding of basic bookkeeping
• Data entry skills
• Detailed oriented and organized
• Newstar software experience preferred

If you are interested in learning more about this opportunity, please visit our website or email resume to laikyn@winchesters.ca to apply now. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Accountant

Brampton – 5 days per week on site

$60,000 – $65,000, 2 weeks of vacation, plus great benefits

Posted on August 23, 2022.

Our client is a growing company with headquarters in Brampton. They are looking for an Accountant to join the team on a full-time basis. This position offers an opportunity to work in a fast-paced role while handling general accounting, balance sheet reconciliations, financial statement preparation, internal controls, and working with Sales and Operations on productivity.

The successful candidate will also have the opportunity to move up to manager within the next few years.

If you have the necessary accounting background, this could be an opportunity for you. In the role, you will be responsible for the following tasks:

• Handle balance sheet accounts
• Perform monthly balance sheet analyses and reconciliations
• Prepare working papers and handle undeposited funds
• Reconcile supplier clearing accounts and follow up O/S balance
• Handle the processing of monthly bottle deposits
• Handle tax filing and journal entries
• Manage inventory audit and support inventory counts
• Handle financial accounting cycle
• Oversee accounting cycle for AP/AR and intercompany transactions
• Prepare annual working paper files and year-end audit
• Communicate and work with finance department
• Advise on technical accounting guidance
• Improve and assist in process improvements
• Ad hoc duties as requires

Requirements:

• 2-3 years of experience in general accounting roles
• BA or BS in Accounting, Finance, or Business Management
• Balance sheet reconciliations on the GL
• Understanding of ERP Software
• Ability to work collaboratively in a team-setting
• Ability to work towards improving processes/systems
• Impeccable communication and relationship building skills – both written and verbal

How to Apply

We would like to thank all applicants for your interest in working as part of our team. Only those applicants selected to move forward in the recruitment process will be contacted. If you’re interested, email your resume to elan@winchesters.ca

Financial Analyst – Costing and FP&A
Located in Markham, ON – 3 Days a Week in Office Minimum
$80,000 – $85,000 Base Plus Bonus, Excellent Benefits 

Our client is a large global manufacturing company. This is a position due to a promotion within the team. The successful candidate will be responsible for forecasting, planning, budgeting, costing, and analysis of the Company’s manufacturing operations.

Responsibilities

• Provide monthly reporting on key performance measures such as cost center spending, capital expenditures, production volumes, machine productivity, reject rates, headcount, and others
• Conduct monthly reviews with cost center owners and assign corrective measures
• Prepare and present monthly business reviews for operations leadership
• Provide support on product pricing by integrating relevant cost parameters from the production environment
• Address pricing requests from sales or client services
• Prepare monthly inventory analysis and meet with stakeholders to discuss and address key issues
• Work with leadership on the feasibility of capital expenditures and monitor from submission through approval and execution
• Work to develop a better understanding of production cost drivers and ensure that the ERP system is reflective of operational economics
• Review, analyze and update standards and key figures in ERP system on a regular basis
• Analyze and monitor changes in material and production costs and anticipate the financial impact
• Support with analysis of the financial implication of company initiatives
• Analyze and explain actuals results and any deviations from the plan
• Perform ex-post review of business cases and capital investments
• Coordinate with regional and global stakeholders on recurring reporting requirements
• Other analysis and special projects as required

Requirements

• 5 Years of financial-analytical work experience
• Relevant experience in a manufacturing environment is beneficial
• Excellent verbal and written communication skills
• Advanced skills in Excel and proficient computer skills (i.e. Microsoft Office, SAP is nice to have)
• Ability to work with large amounts of data
• Strong problem solving and analytical skills
• Degree in Finance, Business, Commerce or a quantitative discipline

If you are interested in learning more about this opportunity please visit our website or email resume to laikyn@winchesters.ca to apply now. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Asset Manager – Real Estate Development
Downtown Toronto – hybrid (Fridays from home)
$110,000-$140,000 base plus 10% bonus and a lucrative profit-sharing piece

Our client is a growth-oriented real estate development firm in downtown Toronto. The company is adding this brand-new position to the team where you will truly own the proformas for 10+ mid- and high-rise projects in the GTA. Post acquisition, the project will move to your division and you will have full financial responsibility for a number of interesting projects, while managing one analyst.

Responsibilities:

• Take ownership of the development models / proformas for each active real estate project and oversee the execution of development plans for active development projects from acquisition to completion of the development; taking a proactive and “hands-on” approach to managing risk and maximizing returns on all projects;
• Oversee monthly performas updates, equity requirements, upcoming property tax payments, upcoming loan and insurance renewals and expirations;
• Run various scenarios in pro forma to evaluate options (e.g. sales launch date; additional height, unit mix, etc.) and determine best outcome for the project;
• Review, critically assess and provide updates to the company’s investment committee on overall project budgets with inputs from each functional group (finance, construction, development, sales and project monitoring consultants).
• Participate in all key project decisions and critical project management meetings through the entire development life cycle (planning, design, sales, permits, construction, and delivery phases) to ensure the project is delivering target returns.
• Review legal documents/agreements typical in real estate development projects (LOI, DM Agreement, JV Agreements, loan docs, fee proposals); ensure the financial models are accurately tracking the agreements
• Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk
• Manage the execution of the forecasting process through the maintenance of monthly forecast models and ensuring financial models reflect market realities as well as information from each functional group
• Review and critically analyze progress draw reports
• Oversee the organization and consolidation of project information, including financial summaries from the development models, to prepare regular quarterly or monthly investor reporting packages
• Maintain strong financial modeling standards (e.g. employ prudent leverage, limit our exposure to planning and development risk, etc.)
• Drive process improvements and maximize efficiency
• Identify and rectify “red flags” (e.g. budget overruns) and have a working understanding of the financial results to provide operational insights and recommendations to correct or mitigate these issues
• Support and mentor the Senior Analyst

Qualifications

• Minimum of 4 years of relevant experience with real estate finance, development or project management
• Experience conducting asset management and financial analysis for development projects using advanced models in MS-Excel
• Experience developing and maintaining budgets, project proformas, cash flow projections and financial reports
• Strong understanding of development financing (typical financing structures at various stages of development) and land economics.

If you are interested in learning more about this opportunity, please apply now by sending your resume to elan@winchesters.ca or by visiting our website www.winchesters.ca. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Senior Accountant, Financial Reporting
Located in North York, ON – 4 Days a Week in Office
Salary Between $70,000 – $80,000 Plus Bonus and Benefits

Our client, a homebuilder in North York, is looking for an individual who is wanting to make the jump to Senior Accountant, Financial Reporting and to join their team to take on the preparation of year-end and interim financial statements, stub period estimates and corporate tax filings. 

Responsibilities:

• Preparation of financial statements and working papers for auditors and participants, ensuring that they
• are completed on an accurate and timely basis in accordance with Company standards and policies, and satisfy the auditor’s needs.
• Calculation of various cost allocations and production of consolidated management reports.
• Assist with the filing of corporate taxes for nominee corporations and ensure that tax reporting is
• completed on a timely basis with a solid understanding of requirements for joint venture and partnership structures.
• Assist with assessing the adequacy of the budgets that are used in the year-end process.
• Assist with administrative duties supporting the financial reporting team.
• Mentor members of the financial reporting team.
• Other ad-hoc projects as required by the financial reporting team from time to time.

Requirements:

• Minimum 3-4 years of experience in an accounting or financial reporting capacity,
• Real estate industry experience is an asset (homebuilding, land development, commercial development and or property management),
• Public accounting experience with real estate clients is an asset
• Knowledge of CaseWare, Newstar, and/or Yardi is an asset.
• Well organized with the ability to follow documentation protocols
• Self-motivated, energetic and the ability to multi-task without sacrificing the quality of work
• Highly detail oriented with an emphasis on accuracy and ability to focus on the task at hand
• Strong analytical and problem solving skills
• Highly proficient in MS Excel and MS Word
• Excellent written and verbal communicative skills
• Understands the “big picture”, including working knowledge of financial and tax reporting in a real estate environment

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

Accounting Manager
Toronto, Ontario – 3 days per week in the office
$130,000-$150,000 base plus $25,000 annual bonus

A Real estate development company looking for a manager of project accounting.

Our well-known client in Toronto develops real estate primarily in the GTA and is looking for a manager over the project accounting team. This position will report up to the VP Finance. The manager’s key duties will be managing and overseeing the daily activities of the project accounting team. This is an excellent role with a fantastic company located right downtown Toronto.

Responsibilities:

• Manage and develop direct reports; provide technical guidance and coaching to develop a successful team.
• Proactively identify and analyze opportunities to improve efficiency, effectiveness, and quality of internal accounting processes, and recommend solutions to achieve optimal results.
• Review month-end financial reports for internal and external stakeholders and ensure they are prepared accurately and on a timely basis, as per the established timelines.
• Manage AP Clerks and Project Accountants to ensure they prepare accurate and complete billing packages, and that the monthly project costs are paid on time.
• Liaise with cost consultants and oversee Project Accountants to ensure sufficient funding is requested and obtained in a timely manner.
• Review monthly bank and HST reconciliations and ensure that tax installments and HST filings are submitted on time, in accordance with CRA requirements.
• Ensure that contracts, change orders and budget transfers are processed correctly in software by Project Accountants, and reflected accurately on the Job Cost Report;
• Monitor current budgets and actuals costs and propose budget transfers, where appropriate.
• Oversee the preparation of SOA and Final Closing trackers; make sure the SOAs prepared by the lawyers are accurate, and that all the closing funds received tie to internal records;
• Liaise with lawyers to answer any important, closing-related inquiries; provide timely and relevant closing updates to the Partnership team;
• Manage Project Accountants and AP Clerks to ensure quarterly partner reports are prepared in an accurate and timely manner;
• Co-ordinate with external accounting firms on year-end timelines; oversee the preparation of year end financial statement working papers and tax schedules;
• Support positive team dynamics and culture including a positive, open, team focused work atmosphere;
• Support internal teams with requested financial analysis on an ad hoc basis.

Requirements:

• Degree or diploma and CPA designation completed
• Experience working in the real estate accounting – either with a developer or real estate asset manager
• Knowledge of accounting and finance principles and practices, and the analysis and reporting of financial-related reports
• Self-starter attitude with an ability to work in a fast-paced environment
• Highest degree of integrity, honesty and commitment to professionalism
• Proficiency in MS Office, including Word, Excel and Outlook
• Ability to communicate effectively, both verbally and in writing

If you are interested in learning more about this opportunity, please apply  by sending your resume to elan@winchesters.ca now or visit www.winchesters.ca and apply. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.