FAQs

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 [email protected] 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 [email protected] Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted. 

Chief Financial Officer
Toronto, ON -Hybrid
$250,000-$300,000 Base Plus $100K Bonus and Profit Sharing Plan

Our client is a private, entrepreneurial real estate investment company founded over 25 years ago and is still growing at a steady pace. They take pride in their ability to forge strong relationships, acquire, develop, and manage high quality real estate assets, and consistently execute value-add projects. They currently own real estate assets in Ontario in excess of $2B AUM. Reporting to the President, the CFO will be an integral part of the senior management team and will be responsible for the organization’s accounting and finance practices, financing, and help lead acquisitions/investments in the group.

Responsibilities:

• Provide leadership for the organization’ s financial analysis, strategic planning, and investor reporting
• Implement processes and related monitoring/reporting systems necessary to provide timely, accurate, targeted financial information and KPI’ s accompanied by the appropriate level of in-depth analysis and interpretation necessary to add value to leadership, senior staff, and investors in making sound business decisions
• Manage financing with lenders and investment partners
• Develop and present monthly financial packages to the company’ s executive leadership team
• Review Financial Statements prepared by the team
• Manage the full budgetary process
• Handle monthly, quarterly, and annual closes
• Ensure consistent and accurate investor reporting on a monthly, quarterly and annual basis
• Coordinate tax schedules, returns and information with the assistance of a strong controller
• Manage relationships with insurance providers and ensure compliance
• Manage all internal/external Audits – directly liaising with the external auditing company
• Manage and report on cash flows, pro-formas, and waterfall distribution models
• Build and manage a high-performing team that can effectively execute plans in support of the company’ s growth
• Other finance duties as required

Requirements:

• At least 15 years of professional work experience
• Knowledge of accounting and finance principles and practices, and the analysis and reporting of financial-related reports
• Expert real estate experience
• Strong managerial skills to manage and mentor a group of accountants
• An ambitious and can-do attitude with an ability to work with little supervision
• 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 by sending your resume to [email protected]. 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 [email protected] 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.

Property Accounting Manager
Toronto, Ontario (Hybrid)
$110,000-$120,000 Base With Great Bonus & Benefits

Our client is a growing real estate asset manager in Toronto, ON looking for a Manager Property Accounting for this diverse and interesting portfolio. This company offers an unparalleled work environment with state-of-the-art facilities and a positive and team-oriented culture. The Controller is open to seeing individuals coming from a senior property accounting position or someone who is a supervisor / manager currently. Don’t wait any longer to apply!

The Property Accounting Manager will be responsible for the preparation of accurate and timely monthly, quarterly, and annual financial, management, and budget reports and tenant recovery calculations for a portfolio of investment properties.

Key Responsibilities:

• Ensure monthly financial reports are delivered accurately and timely
• Ensure all accounting records are kept up to date within guidelines
• Assist with auditors’ requirements
• Review of annual budgets and assist Property Managers in completion of annual budgets
• Assist in the accounting of property acquisitions and dispositions, due diligence and preparation of statement of adjustment and post closing adjustments, as required
• Continually monitor and review accounting processes and procedures and recommend changes as appropriate to ensure internal controls and/or efficiencies are improved to meet industry best practices
• Responsible for CAM & Tax recoveries including year-end billing
• Assist in capital costs tracking
• Responsible for review of working papers
• Assist with Yardi upgrades and implementations of new accounting software/modules
• Support the property administration staff in the financial management of their properties
• Developing and maintaining Standard Operating Procedures for accounting functions
• Supervise Property Accountants in full cycle accounting on an on-going basis
• Train and mentor accounting staff in all aspects of property accounting
• Handle all aspects of training, development, and continuous improvement of staff, processes, and procedures
• Perform ongoing performance management for team members
• Motivate staff and promotes a positive work atmosphere

Requirements:

• Professional accounting designation (CPA) is required
• Proven track record in property accounting and real estate accounting
• Exceptional communication skills
• Effective time management skills, works well under pressure to meet tight deadlines
• Keen interest and dedication to life-long learning and self-improvement
• Ideally some supervisory experience over a team of accountants – not mandatory

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

Corporate Accountant
North York (In-office)
$70k – $80k Base Plus Bonus

Our client, an automotive supplier specializing in manufacturing very specific components, is looking for a Corporate Accountant to join their team. This role reports to the Corporate Controller, and is responsible for providing financial leadership support to the organization.

RESPONSIBILITIES 

• Maintain and improve the cashflow forecasting model
• Accurately maintain and reconcile the cashflow model daily
• Report on material weekly cashflow variances and present to the Corporate Controller weekly
• Provide expertise and support for testing and implementing systems and/or process changes to increase efficiencies
• Prepare the monthly Bank BBC (Borrowing Base Certificate) Reporting
• Assist in creating and maintaining Treasury related dashboards and analysis
• Actively manage the Positive Pay process
• Manage AR insurance monthly reporting
• Develop, support & monitor business control requirements, including taking the lead on external bank audits
• Preparation of monthly lead schedules and account reconciliations
• Prepare and process corporate journal entries as required
• Financial reporting for internal and external stakeholders as needed
• Prepare monthly HST analysis and filings
• Assist in the analysis of financial results, including highlighting accounting, financial and operational issues

EDUCATION, SKILLS AND EXPERIENCE 

• Bachelor’s degree in accounting or business administration
• 5 years of related experience
• Proven analytical skills
• Strong communication skills
• Strong Excel 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.

Director of Finance
Toronto, ON – 4 days per week in office
$140,000 – $160,000 base plus bonus

Our client is a real estate company with a mission to create warm environments for residents. They are looking to hire a dedicated Director of Finance to join the growing team. This position will offer the opportunity to make a significant contribution to the lives of residents.

As a Director of Finance reporting to the CFO, you will be responsible for providing operational and corporate leadership.

Responsibilities:

• Direct and oversee the monthly and quarterly financial reporting and forecasting
• Monitor internal control environments on processes across all residences
• Implement and develop policies to guide day-to-day practices
• Manage processes to report on group’s capital
• Lead budget processes, operating, and capital planning
• Monitor cash flow by overseeing cash flow and treasury
• Lead Yardi optimization
• Lead financial management and functions
• Participate in capital planning process and business case
• Maintain positive working relationships with lenders and investment company
• Manage appropriate risk management
• Implement financial controls and oversee corrective actions
• Complete financial regulatory filings
• Manage the accounting team of 10
• Prepare and present financial presentations, reports, and analyses
• Collaborate with the team while taking a leadership role in the finance team

Requirements:

• CPA designation and university degree in business management, finance or accounting
• 7 + years of experience in financial accounting roles
• Some level of operational finance experience
• Must have real estate development experience
• A nice to have is experience in private equity
• Proven experience systems and process optimization

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. Please send resume to [email protected]

Associate – Real estate development

Downtown Toronto, Ontario – 4 days per week in office

$100,000-$125,000 base plus bonus and great benefits

Our client is an established and growing private equity firm with a focus on residential development in Canada. They are looking to find a new associate in the investments and asset management team. This role will report to the Director and play a crucial role in the organization by analyzing financial data, creating robust financial models, and generating comprehensive reports. The focus will be to evaluate investment opportunities and provide essential support for the real estate development initiatives, ultimately guiding well-informed business decisions.

The Associate will be accountable for the financial analysis and modelling for all new and existing business investment opportunities in areas such as real estate development / asset management for residential properties. As a close-knit team, this office is seeking someone with a strong work ethic desiring a long-term future with the firm.

Responsibilities:

• Support the team in conducting due diligence and feasibility studies for new development projects
• Develop and maintain comprehensive financial models for effective financial planning
• Utilize key operational data, statistics, and financial information to build strategic data models projecting the financial implications of various projects and business cases
• Conduct scenario and sensitivity analyses to provide valuable insights for critical business decisions
• Review drawings, schedules, and market metrics, skillfully incorporating these inputs into various proformas, cash flow projections and analyses
• Collaborate with appraisers and external consultants, lenders and financial institutions to obtain required reports and insights
• Collect, analyze, and report data for real estate forecasting

Requirements:

• Strong eagerness to learn and a high degree of humility
• Must have at least 2-3 years of experience in financial analysis in real estate development, PE, investment banking, or similar
• Minimum of a bachelor’s degree in business / finance, mathematics, engineering, or related field
• Possess excellent communication (both written and verbal) and presentation skills

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

Director of Finance
Downtown Toronto, ON – Hybrid
$140,000-$150,000 Base Plus Bonus and Great Benefits

As a pivotal leader within the North American Insurance Portfolio’s finance team, this role encompasses a broad spectrum of responsibilities supporting financial oversight and the seamless integration of newly acquired businesses. You will play a crucial role in ensuring the integrity of all consolidated financial information and reporting, while collaborating closely with senior leaders across the organization to deliver top-notch financial support.

Responsible for: Providing leadership and support to the Business Units in addition to Corporate, while ensuring integrity of the consolidated financial results, management reporting, and monitoring of the Internal Control Environment.

Key Responsibilities

• Provide dynamic leadership and support for financial functions across the Insurance Portfolio.
• Collaborate with Business Unit Financial Controllers to uphold the accuracy, integrity, and completeness of accounting records and financial statements in accordance with IFRS and corporate policies.
• Continuously review month-end processes, documentation, and controls to ensure smooth operations at the Portfolio Level.
• Support business units in implementing effective accounting systems and processes.
• Foster financial understanding at all levels across Business Units by collaborating with internal teams.
• Oversee all financial audits, including internal audit, corporate audit, and standalone audits.
• Act as a liaison with Corporate Finance & Tax departments as necessary.
• Assist in the financial integration of newly acquired businesses into the Group, including reporting on financial results against investment memorandums.
• Provide oversight of financial planning and analysis, including consolidated management reporting to support decision-making.
• Generate ad-hoc finance-related reports and projects as required by Portfolio CFO, Portfolio Manager, and corporate.

Requirements

• CPA designation
• Previously audit firm experience
• 7+ years of progressive accounting experience, including previous experience in a managerial accounting position.
• Strategic thinker with strong technical skills, analytical ability, good judgment, and operational focus.
• Proficiency in accounting and management software, Microsoft Office products (especially Excel and PowerPoint); experience with Great Plains is a plus.
• Excellent communication (verbal and written), interpersonal, and team-building skills, with the ability to interact comfortably and motivate personnel at all levels of the organization.

If you’re interested, don’t hesitate to apply now! Please send resume