FAQs

Senior Property Accountant
Vaughan, ON – 5 Days a Week in Office
Salary Between $80,000 – $95,000 Plus Great Benefits

Our client is a leading Ontario real estate asset management firm whose success is driven by providing their employees with an environment that fosters a people-first culture with a high priority on personal and professional growth. 

They are looking for a Senior Property Accountant (reporting to the Accounting Manager) to join their fast-paced team, who will be responsible for supporting a dedicated portfolio of properties, the group of companies and the finance teams through their continued growth. This individual will be responsible for full cycle accounting duties while supporting the day-to-day accounting functions of the property operations team for a diversified group of companies focused on real estate asset management. 

Responsibilities: 

• Responsible for full cycle property accounting for a dedicated portfolio of properties and corporate consolidated entities. 
• Assist in full monthly and quarterly financial and management reporting.
• Assist in the oversight and maintenance of the general ledger for the group of companies and portfolio of properties. 
• Perform month-end accounting cycle entries while ensuring the accuracy of all transactions and subledgers and maintaining all corporate workbooks.
• Post monthly recurring entries which include mortgages, pre-payments, property taxes, accruals of expenses, deferred financing costs, and related party transactions. 
• Post asset acquisition entries, mortgage, and refinance journal entries as well as property acquisition and disposition entries.
• Complete reconciliations for all balance sheet accounts including bank accounts and credit cards.
• Accounts Receivable, includes processing payments, creating, and posting intercompany invoices, and ensuring accurate recording of tenant transactions.
• Assist Accounts Payable with property related payables.
• Support the implementation of accounting changes and other process improvements.
• Support ad-hoc projects with the Accounting Manager.
• File and process HST returns and payments for all corporations within the CRA deadlines. 
• Gain full understanding of all invoice types and coding processes.
• Participate in special projects and take on other duties, as assigned

Requirements:

• Bachelor’s Degree in Accounting/Finance, real estate and/or related field 
• Minimum 2-3 years of experience in accounting, preferably in the real estate industry and/or   fund management
• Professional Accounting Designation (CPA-CA, CGA, CMA) or actively enrolled in the CPA program (midway through or nearing completion) is an asset
• Highly organized with the ability to multitask and work under pressure.
• Dedicated team player with a positive attitude and the flexibility to get the job done. 

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]

Associate Vice President, Investments – Real Estate Development
Downtown Toronto, ON – 5 Days a Week in Office
$1500,000 – $160,000 Base Plus $80,000 – $100,000 Bonus and Competitive LTIP

Our client is an established and growing real estate private equity firm with investments across North America. They are looking for an Associate Vice President of Investments for this exciting position in the dynamic department. The plan would be to have you join at this level and within two years, hopefully move up to the VP of Investments and Asset Management. This position will be instrumental in strategically evaluating new investment opportunities, offering someone a great opportunity to assist in sourcing and structuring new investments and monitoring the existing real estate portfolio.

The AVP will be responsible for a number of active investments and will directly work with JV partners to understand the plans, status and financial performance of the projects while making key decisions with the partners’ senior management teams. You will be responsible for updating the financial pro formas regularly, presenting financial and strategic updates to the executive team and preparing semi-annual investment reports for the large number of investors. The AVP will lead a team of analysts and associates and play a key mentoring role for their development. We will expect this candidate to come with several years of real estate development finance and investments experience.

Responsibilities:

• Support and manage a portfolio of active residential developments projects
• Participate in underwriting new investment opportunities to acquire land and develop residential assets.
• Maintain strong acquisition standards
• Oversee the execution of development plans for active development projects from acquisition to completion of the development or disposition taking a proactive and “hands-on” approach to managing risk and maximizing returns on all projects. Typically, Associate Vice President manages between 5 to 7 investments.
• 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 on time and on budget.
• Review, critically assess and prepare project cash flows and pro forma financial projections
• Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk.
• Prepare advanced financial analyses to assist senior management in the evaluation of various real estate decisions at different stages throughout real estate development cycle.
• Conduct budget-to-actual variance analysis for existing projects; ongoing budget management; in-depth understanding of costs incurred vs. cost to complete. Creating cash flow models, sensitivity tables, rent roll analyses, joint venture waterfall models, and other financial analyses required to evaluate and pursue acquisition opportunities.
• Prepare and present updated financial projections and executive reports to the executive team.
• Prepare semi-annual investor reports that concisely distill data in order to provide investors with required project progress updates and updated financial projections.
• Lead and mentor junior team members to support their development.

Requirements:

• Must have over 7 years of relevant real estate development experience
• Minimum of a bachelor’s degree in business / finance, economics, engineering or related field
• A strong understanding of the full lifecycle of development from acquisition to approvals, unit sales, financing, construction, home closings and disbursements.
• Experience conducting financial analysis for development projects using advanced models in MS-Excel.
• Excellent communication skills

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

Accounting Manager 

Toronto Ontario (midtown, 4 days in office)

$100,000-$115,000+ excellent benefits 

This innovative and rapidly growing developer is looking to fill the role of Accounting Manager. Located in midtown Toronto, this highly respected real-estate company is an amazing opportunity for those with a strong understanding of financial reporting and audit working papers to work and grow within the group.

Requirements: 

• Provide insight and direction on head office invoices, distribution cheques, and general accounting transactions
• Guaranteed that all head office duties are correct and accomplished amongst accountant operations
• Manager the year end paper and tax preparation process for all p
• Manage and work with individual accountants throughout the team
• Organize and track monthly Bankers Acceptances, security bonds, letters of credit, etc.
• Oversee credit agreements, sales documents and all other documents/ draft disclosures for year end statements
• Responsible for the closing process of all projects and the duties that come with these operations (tracking occupancy cheques deposited and received, oversee accounting entries, communicate with the legal administrative team, etc)
• Arrange wire transfers, prepare banking activities and obtain LC’s, set up new accounts, and more
• Various other duties and tasks may be necessary as required

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 [email protected]

Property Accountant
Mid-town Toronto – hybrid role
$70,000 – $80,000 base plus bonus and great benefits

Our client is a successful real estate company that develops and builds properties in North America. They are looking for a Property Accountant to join the team on a full-time basis. This position offers an excellent opportunity to work in a fast-paced role while being a key member in the finance department.

The successful candidate will be a responsible for the full cycle accounting for a portfolio of management and property entities.

If you have the necessary accounting background with the desire to join a successful team of like-minded team players, this could be an exciting opportunity for you.

Responsibilities:

• Full cycle of accounting for a portfolio of properties.
• Provide support to the sites’ Directors including resident account ledger reconciliations, system questions and payables processing support.
• Prepare supporting schedules for monthly accruals and prepaid expenses.
• Responsible to ensure all invoices processed by the residences in Yardi Payscan are correctly coded and distributed by the right approval workflow. Process corporate invoices for payment.
• Prepare standard monthly working paper files including key account reconciliations and detailed income statement actual variance analysis to budget.
• Prepare monthly, quarterly, and annual operational reporting packages for review.
• Prepare year-end working paper files and assist with year end audit requests.
• Assist with operating budget process with information requests from the Operations team.
• Support the Accounting Manager in providing accurate and timely financial and non-financial information requests to other departments in the group.
• Ad hoc as required.

Requirements:

• University degree in accounting or college diploma
• At least two years of accounting experience
• Real estate accounting experience preferred along with Yardi software experience
• Strong EXCEL skills
• Great communication skills

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 your resume in confidence to [email protected]

Vice President Finance
North York, Ontario – Onsite
$200,000-$225,000 base plus 15-20% bonus and good benefits

Our client is a private, entrepreneurial real estate investment company founded over fifteen years ago and still growing at a steady pace. They take pride in their ability to forge strong relationships, acquire and manage high quality real estate assets, and consistently execute value-add projects. Their current owned and asset managed portfolio is comprised of multi-family residential assets throughout Ontario. They also asset/property manage a portfolio of commercial assets. Reporting to the President, the VP Finance will be an integral part of the senior management team and will be responsible for the organization’s accounting and finance practices.

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
• Develop and present monthly financial packages to the company’ s executive leadership team
• Prepare and review Financial Statements
• 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 and/or prepare tax schedules, returns and information
• 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:

• Degree or diploma and CPA designation
• At least 10 years of professional work experience
• Knowledge of accounting and finance principles and practices, and the analysis and reporting of financial-related reports
• Supervisory experience
• 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 a resume to [email protected] or by visiting www.winchesters.ca to apply. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Financial Controller
North York, ON – Onsite
$120,000 – $140,000 Base Plus Bonus, potentially some flexibility

Our client is a private, entrepreneurial real estate investment company founded over fifteen years ago and still growing at a steady pace. Our client takes pride in their ability to forge strong relationships, acquire and manage high quality real estate assets, and consistently execute value-add projects. Their current owned and asset managed portfolio is comprised of multi-family residential assets throughout Ontario. They also asset/property manage a portfolio of

commercial assets. Reporting to the VP Finance, the Controller will ensure the timeliness and accuracy of key deliverables including financial reporting, cash management, and residential property accounting.

Key Responsibilities:

• Timely preparation and review of monthly, quarterly and year-end financial statements and reporting packages for the various entities, ensuring that the financial statements are accurate and in accordance with statutory requirements;
• Supervise and review the preparation of the general ledger and working paper files including review of journal entries and bank reconciliations to ensure that financial reports and statements are accurate;
• Lead a residential property accounting team
• Review monthly accounting packages from third party residential property management including but not limited to rent roll, accruals, accounts receivable and property management fees
• Prepare monthly financial results for the commercial portfolio and assist with review of monthly accounting process
• Key player in financial system enhancements, improvements and implementations;
• Develop and enhance current accounting templates and create efficiencies to improve reporting
• Maintains compliances with regulations by forwarding timely required information, remittance to federal, provincial and municipal authorities;
• Prepare financial analysis to assist management in various real estate asset management decisions and strategies;
• Manage day to day banking and preparation of daily cash flows;
• Preparation of annual property business plans, including operating, capital and leasing budgets;
• Perform other responsibilities and duties as assigned;

Education & Experience:

• University degree in business/accounting combined with accounting designation (i.e. CA/CMA/CGA) preferable, but not required;
• 5+ years of experience within property accounting
• Some supervisory experience
• Familiarity with real estate accounting and reporting systems, ideally specifically Yardi;
• Detail oriented and focused on accuracy of reporting;
• Ability to proactively lead and manage a team by coaching and mentoring junior staff;
• Excellent verbal and written communication skills;

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.

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.

Manager Development Finance

3 days in office in Toronto

Competitive salary, bonus, and package

Posted on November 9, 2022.

Our client is a well-known Toronto-based developer with a large portfolio of retail and commercial real estate across Canada.

They are looking for an experienced individual to join the team as a Manager, Development Finance. This is an exciting opportunity to join the Development team to oversee industrial, residential, and mixed-use developments. The candidate will be a team player with a self-starting attitude.

This will provide an exciting opportunity for the right candidate to build a career and gain valuable experience in real estate development.

Responsibilities:

• Represent the company at all development partner meetings, progressing all projects forward in a timely and economical manner

• Follow project performance by tracking financial, schedule, construction, and leasing progress

• Effectively identify risks to the construction schedule and budget, communicate and mitigate issues

• Ownership and management of the development project tracker and associated materials

• Review, critically assess, and prepare project cash flows and pro forma financial projections, with an active role in the quarterly budgeting process through the Retool program

• Build strong relationships across the company

• Engage with planning, design & engineering, construction, leasing and asset management to prepare presentation materials for Capital Committee Meetings

• Interact with the Corporate finance team in the preparation of Quarterly Business Review materials and any ad-hoc development updates

• Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk

• Review and evaluate monthly JV partner project reports and provide input into the bi-monthly JV project updates to senior management

• Conduct budget-to-actual variance analysis for existing projects; ongoing budget management; in-depth understanding of costs incurred vs. cost to complete

• Liaise with Corporate Finance and prepare construction financing packages for lenders

• Review, negotiate and finalize loan term sheets and credit agreements

Qualifications:

• A minimum of 5-7 years of relevant real estate development experience working within a development firm or equivalent

• Bachelor’s degree in business/ finance, economics, engineering or related field

• A strong understanding of the full lifecycle of development

• Ability to operate and thrive in a fast-paced, dynamic environment

• A critical and strategic thinker, identify risks and opportunities and creatively problem-solve to achieve high-performance outcomes

• A strong communicator both verbally and written

• A strategic and analytically-minded professional with strong quantitative skills

• Ability to work independently and collaboratively to enact results and achieve desired outcomes

• Adept at managing and building relationships with partners, stakeholders, and the team

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