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Senior Project Accountant (18-month contract)

Mississauga, ON (Hybrid- 3 days in office)

$77,000-$85,000 salary + health/ dental and 3 weeks vacation

Our client is a highly accomplished residential builder/ developer based in Mississauga with extensive experience throughout Canada and the US.

Looking for a temporary Senior Project Accountant to play a pivotal role in overseeing accounting, taxation, cash flow, and reporting for assigned projects. Collaborating closely with an Accounts Payable Administrator dedicated to their projects, the Senior Project Accountant ensures accuracy and compliance.

This role is a fixed-term contract lasting 18 months, and is set to begin in October 2023. The business operates a hybrid work environment with 3 days per week in-office. 

Responsibilities:

• Compiling annual and interim financial statements
• Creating budgets and generating monthly/quarterly cash flow statements
• Crafting monthly investor reports for all assigned projects
• Managing external and government audit requirements for allocated projects
• Reconciling project-related accounts
• Balancing and recording Statement of Adjustments and unit closings
• Reviewing and preparing GST/HST returns, as well as establishing new HST accounts
• Posting accounting entries like bank deposits, HST filings, bank reconciliations, distributions, etc.
• Participating in regular meetings with site and project teams to monitor project changes and progress
• Cultivating and implementing best practices within the team

Requirements: 

• Exceptional interpersonal skills and a collaborative mindset
• Meticulous attention to detail
• Experience thriving in a high-volume, deadline-oriented environment
• Adaptability and the ability to prioritize in the face of shifting demands
• A genuine dedication to delivering exceptional customer service

Key qualifications/skills:

• A university degree and an accounting designation (CPA/ in the process would be considered an asset)
• 5+ years relevant experience in Accounting
• Asset: Background in real estate and construction industries
• Proficiency in Microsoft Office, particularly Excel
• Outstanding interpersonal and communication aptitude, along with high emotional intelligence
• Strong teamwork skills
• Robust technical and analytical capabilities

How to Apply?

If you are interested in learning more about this exciting opportunity, please send your resume to [email protected]. Due to the high volume of applications, only those chosen for the interview will be contacted.

Financial Analyst (Real Estate)

North York (In-office)

$65,000-$80,000 salary + bonus

This well respected developer is looking to fill an exciting position for a strong analyst to cover underwriting, asset management, and investor reporting. The company is looking for someone who wants to grow so apply now.

Responsibilities:

• Complete sensitivity and scenario analysis’  and assisting with new real estate opportunities
• Develop cash flow projections
• Contribute to the overall process of capital investment decisions
• Develop and grow strong relationships with internal/external stakeholders

• Monitor and identify risks while presenting to senior management
• Provide insight and support in all standard processes and procedures
• Monitor and ensure consistency throughout all projects
• Analyze and review development/construction schedules
• Familiarize with project financing arrangements
• Provide assistance in look-back analysis

Skills/ Work Experience:

• Bachelor’s degree in business/commerce, real estate or other related fields
• Strong communication skills both written and oral
• Ability to stay organized in a constantly changing work environment
• Strong financial and analytical skills
• General knowledge of the Real Estate industry in relation to finance and accounting principles
• Proficiency in Powerpoint, Word, and Excel required

How to Apply

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

Property Accountant
Toronto, ON 
$65,000-$85,000 Base Plus Bonus & Benefits

Our client is an established Real Estate Services Company that was established over 20 years ago to provide quality commercial, industrial, institution and condominium property management and construction services to building owners and corporations in the Greater Toronto Area. The company offers top-notch property management, accounting and construction services to its clients. What sets them apart from others in the industry is the focus on customer service for their owners, tenants and suite holders. Using technology as a cornerstone, our client is dedicated to growing the business through high levels of client satisfaction. The successful applicant will be a self-starter, responsible and confident individual who possesses high energy, excellent time management and organizational skills, who can rise to and meet challenges, and adhere to strict deadlines. They will be a strong team player, have an eye for detail and possess excellent verbal and written communication skills.

Responsibilities:

• Responsible for full-cycle accounting and preparing monthly financial statements (Balance Sheets, Income Statement) for a portfolio of residential and commercial properties
• Prepare Executive Summaries and provide detailed analyses of balance sheet, revenue and expense accounts
• Prepare CAM and Property Tax recoveries and reconciliations for properties
• Process accruals of POs, utilities, contract and non-contract expenses
• Ensure accounting policies and procedures are followed
• Prepare quarterly cash flow reports and variance analysis
• Prepare annual audit working papers and liaise with external auditors
• Prepare monthly cash flow projections and cash distributions
• Review and generate monthly billings for tenants
• Oversee lease setup and create recovery models for newly acquired properties
• Prepare HST remittance for each property
• Other ad hoc duties as required

Requirements:

• 2-3 years of related accounting experience minimum
• Experience with property accounting software (Yardi preferred)
• Excellent time management skills and attention to detail
• Intermediate to Advanced Excel skills
• Excellent verbal and written communication skills

If this sounds like the right fit for you, apply now by emailing resume to [email protected] Due to the high volume of applicants, only those selected for an interview will be contacted.

Accounts Payable Supervisor
Toronto, ON (4 Days In Office)
$70,000 – $90,000, Bonus, And Great Company Benefits

Our client is a well-established property management company with a heavy focus in commercial real estate. This is an excellent opportunity to work for a great company who owns majority of their properties. 

Key Responsibilities:

• Ensure Financial Accuracy and Investor Returns:
• Receive, review, and input supplier invoices.
• Scrutinize non-trade invoices, employee expense reports, and petty cash reimbursements for accuracy.
• Investigate discrepancies and outstanding invoices.
• Manage timely and accurate vendor payments adhering to terms and policies.
• Uphold deadlines and promptly address customer service inquiries.
• Daily review and validation of accounts payable invoices to ensure compliance with policies and proper authorization.
• Participate in policy and procedure enhancements, offering recommendations for best practices.
• Verify reimbursements align with protocols and approvals.
• Update Yardi records for inter-company transactions and vendor management.
• Facilitate utility and property tax setups for online billing and PAP.
• Assist in implementing AP entry and payment systems.
• Supervise AP clerks and provide training on accounts payable processes.
• Contribute to departmental performance feedback for the Director.
• Deliver Exceptional Service to Tenants and Vendors:
• Address vendor and internal inquiries regarding payment status and account details promptly.
• Maintain professional communication with all stakeholders.
• Fulfill additional responsibilities as required.

Qualifications:

• Bachelor’s degree in Accounting, Business Management, or relevant field.
• 5+ years of experience in Accounts Payable or similar role.
• Proficiency in Excel and familiarity with real estate and property management financial systems.
• Experience with Yardi is an asset.
• Experience in lease accounting is a plus.
• Strong attention to detail and accuracy in data entry.

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 [email protected]

Analyst – Investments and Finance
Located In Mid-Toronto – 4 Days/Week In Office
Salary Between $80k – $100k Plus Discretionary Bonus & Benefits

Our client, a real estate firm, is looking for an Investment Analyst to join their dynamic team and support with financial analysis, portfolio management and investor reporting across multiple asset classes. 

RESPONSIBILITIES

• Financial Analysis & Decision Support: Assist through financial modeling, market research, and analysis to support decision-making in existing projects, corporate strategies, and new initiatives.
• Portfolio Monitoring: Play a pivotal role in monitoring and analyzing portfolio and market trends to support investment strategies, risk assessment, and portfolio management.
• Investor Reporting & Correspondence: Coordinate information across various divisions 
• Group to develop, prepare, and distribute detailed reporting packages and investment materials for our equity partners.
• Project Financing: Prepare, collect, and distribute due diligence materials for lenders.
• Ad-Hoc Analytical Support: Provide analytical support across business units and special projects as needed.

QUALIFICATIONS

• Undergraduate degree in business, finance, accounting, or a related field.
• CFA, CPA, or other similar designations are considered an asset.
• 1-3 years of relevant work experience in real estate, investment banking, private equity, or
• management consulting.
• Advanced proficiency in MS Excel, particularly in building flexible, robust and user-friendly financial models; coding knowledge or experience is a plus.
• Strong business, financial acumen and an owner’s mindset.
• Exceptional verbal and written communication skills.

If you are interested in applying for this opportunity, please email your resume to [email protected]. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Senior Project Accountant
Downtown Toronto, Ontario
Competitive base plus bonus, 3 weeks of vacation and benefits

Posted on April 29, 2022.

Our client is a growing company with their head office downtown Toronto. The CFO is looking for a Senior Project Accountant to join in a newly created role due on growth of the organization. This is a great position for someone looking for a stable company that has a very positive work environment. The Senior Project Accountant will handle the preparation of monthly cash calls and draws, maintain multiple project budgets, and full cycle accounting for the various projects under the development team.

The plan is to have this individual eventually move up to oversee the whole development accounting function of the group of companies as a controller. If you’re looking for a role where you will be exposed to more than just accounting, apply now!

Responsibilities:
• Prepare and process cash calls, assist in cash flow analysis.
• Record, and reconcile project capital to ensure sufficient project liquidity, and prepare bank reconciliations.
• Prepare monthly construction draw packages and assess costs incurred to budget.
• Record journal entries, maintain and reconcile general ledger, and job cost reports.
• Work with AP to ensure accurate and timely weekly accounts payable processing for projects.
• Maintain a working paper file for each project including support for GL balances and actual vs budget analysis.
• Perform timely month-end close and ensure all pertinent transactions, including setting up monthly accruals, are recorded.
• Assist in preparation of quarterly financial reporting packages to senior management and external business partners.
• Provide support to the audit and tax teams, respond to queries.
• Support team members and other departments as required.

Requirements:
• Post-secondary education with a specialty in Accounting, Business or Finance
• Minimum of 3 years of experience in project accounting
• Highly proficient in Microsoft Word, Excel and PowerPoint
• Highly driven, committed, organized and flexible with the ability to meet challenging deadlines and multiple priorities
• Self-motivated with excellent attention to detail

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume. Unfortunately, due to the high volume of applicants, only those individuals chosen for an interview will be contacted. To receive updates on new job postings regularly, follow us on LinkedIn.

Associate – Real Estate Investments and Asset Management

$120,000-$140,000 base plus 20%-25% bonus

Toronto, Ontario (hybrid 3 days a week in the office)

With this company being one of the fastest growing real estate companies in the GTA/Toronto you will get experience and insight into the multifaceted operations and execution of high-profile real estate projects and acquisitions. Our client is seeking a senior analyst or associate who ideally has built initial real estate private equity analysis over the past few years. In addition to acquisitions and asset management, you will engage in fundraising, dela structuring, and corporate initiatives. The company is currently focused on multi-family assets and residential/commercial development. If this new challenge sounds like a fit for you, do not hesitate to apply.

Responsibilities:

• Use existing skills to prepare financial models and analysis as part of investment selection and review, financial structuring, as well as overall corporate financial management.
• Prepare presentations for both internal management decision making and external client and investor engagement.
• Evaluate properties/investments for potential development directly with the management team.
• Track and understand ongoing progress of projects, liaising with internal and external parties to ensure project delivery timelines are met.
• Liaison with internal team members in development and accounting from an asset management perspective to accurately monitor existing holdings and developments, and report both internally and to external investors.
• Establish, maintain, and engage with industry relationships including advisors, lenders, brokers, legal counsel, planners, and accountants.

Requirements:

• Must have at least two (2) or more years’ experience in investment banking, real estate investment and/or private equity
• Undergraduate degree in finance, business or accounting
• Advanced, high-end MS Office and EXCEL skills
• Ability to bring institutional quality organization, professionalism and attention to detail to an entrepreneurial environment
• Possess excellent communication (both written and verbal) and presentation skills

If you are interested in learning more about this opportunity, please send your resume to [email protected]. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Senior Financial Analyst 
Downtown Toronto, ON
$80,000-$90,000 base plus bonus and company paid benefits 

Posted April 29,2022.

 Our client is a Toronto-based real estate company looking to find a Senior Financial Analyst who will work on 50% accounting duties and 50% finance and operational duties. This is a brand-new position due to growth of the business and team. The Senior Financial Analyst will report to the Senior Manager of Finance and will be responsible for dealing with construction progress draws on a monthly basis.

This individual will work with multiple high-profile projects in Toronto in various stages of construction, while coordinating with the accounting department to ensure that packages are prepared accurately and in a timely manner. You will assist with monthly accounting procedures, site office organization and operational support. An exciting part of this role will be assisting with the development and maintenance of new EXCEL-based tools to support general construction management.

Responsibilities:

• Utilize budget tools and other tools to aid with positive budget outcomes for projects.
• Maintain strong cost accounting controls through budget transfers, change orders, awards, settlements, etc.
• Develop and maintain excellent relationships with each project’s site staff, the accounting department and various trade billing departments.
• Analyze trends and historical data for budgeting / operational purposes.
• Assist with developing site office operating procedures and protocols, specific to accounting and document control.
• Assist with approvals workflow to ensure timely review / approval of documents.
• Assist with preparation of month-end reports and reconciliations for construction management subsidiary companies.
• Conduct a detailed review of invoices each month with the Project Manager and receive their sign off.
• Coordinate and work closely with the accounting department to ensure invoices are processed and cheques cut in time for monthly budget meeting.
• Process invoices to ensure all necessary paperwork is received and all internal processes are followed.
• Attend all monthly progress draw and cheque signing meetings
• If requested, draft memos and covering letters
• This position is to be involved in the project closeout process, obtaining close out documentation from the trades and producing close out forms for review and sign off.
• Cost sharing rules – Certain projects will require you to become an expert on cost sharing rules by understanding which trades are affected and how they are applied. You will ensure all cost sharing rules are applied correctly and reflected in the schedule of values on the trade invoices.

Requirements:

• CPA designation
• Current or previous audit firm experience
• Highly proficient in Microsoft Excel
• Proficient in Microsoft Word, Outlook and PowerPoint, with good typing speed
• Enjoys a fast-paced environment and is highly professional, with excellent attention to detail
• Flexibility to work outside of core hours when business needs dictate.
• Open and adaptable to providing all types of support to the office and fellow team members as required
• Strong communication skills with an ability to present information in a clear manner
• Self-starter attitude with an ability to work in a small office environment without constant guidance and direction
• Strong organizational and planning skills with prioritizing and multi-tasking abilities to meet time sensitive deadlines

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume. Unfortunately, due to the high volume of applicants, only those individuals chosen for an interview will be contacted. To receive updates on new job postings regularly, follow us on LinkedIn.

Property Accountant 

Downtown, Toronto (4 days in office)

$70,000-$85,000 dependant on experience 

This well recognized and highly respected property management organization is looking for a new candidate with prior experience in the real estate industry to fill an exiting new position as Property Accountant. Located in downtown Toronto, this role could be an excellent fit if you posses the following;

Responsibilities:

• Ability to operate and organize property accounting records for designated commercial portfolio
• Produce monthly financial statements
• Conduct all capital cost analysis
• Compose annual Common Area Maintenance (CAM)
• Monitor amortization schedules and prepare year-end audit paper files
• Contribute to budget preparations
• Produce monthly HST reconciliation
• Overlook cashflow for assigned properties
• Perform other job related tasks as assigned

Requirements:

• Degree or diploma in Accounting or other related fields
• CPA or currently working towards the designation of one
• 2+ years experience in property accounting or an public accounting firm
• Strong computer skills and highly efficient in MS especially Excel and Word
• Knowledge of property management financial accounting systems and software
• Excellent analytical/ organization skills
• Experience with Yardi is considered an asset

How to Apply

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

Development Accountant

North York, Ontario – hybrid 3 days per week in-office

$75,000 – $95,000 base plus bonus, 3 weeks’ vacation, and excellent benefits

Our client is a well-established real estate organization looking to hire a 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 would like to work for a lovely positive company that really values its employees and has next to no turnover. This Development Accountant will form part of the company’s accounting and finance group, reporting directly to the Controller while working alongside a manager of accounting and other team members. The role is a key member of the accounting team and will be the finance lead on multiple significant low-rise land developments.

Responsibilities:

• Preparing, maintaining, and evaluating accounts for portfolio projects from inception to completion and from a costing and revenue perspective
• Preparing and submitting construction draws to the banks
• Preparing/reviewing, reconciling, and filing GST/HST return on a monthly basis
• Preparing/reviewing monthly bank reconciliations
• Reviewing, reconciling, and recording purchaser’s deposits
• Issuing cheques for GST/HST, deposit release, VTB payments
• Working closely with Construction and Land Development team throughout the life cycle of the projects
• Approving, reconciling, and posting statements of adjustments for residential unit sales
• Ensuring compliance with company’s policies, processes, and risk management practices
• Oversee all transactions related to general ledger, accounts payable/receivable
• Cash management and forecasting
• Liaise with internal/external stakeholders from various disciplines such as Development and Planning, Sales and Marketing, Construction, Engineering, Legal, Finance, Property Management, etc. to understand budgets including costs to-date and costs to-complete.
• Provide support in the creation and implementation of standard processes and procedures as they relate to monitoring and reporting for internal and external reporting
• Ensure all Leasing income, Sales revenue, Operating expenses, and Construction costs are accurately and adequately reflected in the general ledger for use in reports
• Prepare, and where necessary create, accounting reports based on data in the general ledger for use by other team members in Development, Construction and Finance as well as for Senior Management
• Monitor financial performance of Projects in Development and advise of variances and their impact to budget
• Become familiar with project financing arrangements for existing Projects in Development and assist in the preparation of ongoing reporting to lenders

Requirements:

• Degree or diploma
• Experience working in development or construction accounting
• Knowledge of accounting and finance principles and practices, and the analysis and reporting of financial-related reports
• Knowledge of accounting principles as applied to real estate development, project financing and asset management
• 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 now. Send your resume to [email protected] Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.