FAQs

Corporate Controller
North York, Ontario, 5 Days a Week in Office
$150,000-$180,000 Base Plus Discretionary Bonus 

Our client is a growing real estate development firm with a brand-new head office in North York. They are looking for an experienced controller for this newly created role. The controller will play a key role in managing financial operations and implementing effective financial strategies. This role requires strong technical skills, knowledge of real estate accounting principles, and a demonstrated ability to lead and mentor a finance/accounting team. You should come with prior real estate industry experience and a proven track record successfully overseeing financial operations in a corporate setting.

Responsibilities:

• Oversee the preparation and analysis of financial statements, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with GAAP and applicable accounting standards in financial reporting.
• Develop and present financial reports to senior management, providing insights into the company’s financial performance and recommendations for improvement.
• Analyze financial data, identify trends, and develop financial models and forecasts to support strategic decision-making.
• Lead the development and implementation of the company’s annual budgeting process.
• Develop and maintain financial models to evaluate investment opportunities, property acquisitions, and development projects.
• Establish and maintain a robust internal control environment, ensuring compliance with company policies and procedures.
• Implement systems and processes to safeguard company assets and minimize fraud risks.
• Perform additional duties as assigned by management from time to time

Requirements:

• Bachelor’s degree in Accounting, Finance, or related field; CPA designation preferred.
• Minimum of 7-10 years of progressive experience in accounting and finance.
• Extensive knowledge of real estate accounting principles, including cost accounting, lease accounting, and revenue recognition.
• Strong technical skills in financial analysis, financial modeling, and budgeting.
• Proficiency in financial systems and software, including Yardi and Microsoft Excel.
• Excellent communication skills, with the ability to present complex financial information to non-financial stakeholders.
• Ability to work effectively in a fast-paced, dynamic environment while managing multiple priorities.

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. Please send resumes to [email protected]

Senior Associate, Underwriting and Portfolio Management
Located Downtown Toronto – possibility for hybrid
Competitive salary plus bonus and great bene

Our client, a non-bank lender specializing in real estate loans, is looking for a Senior Associate to join their Underwriting and Portfolio Management team. There is almost no lender offering the type of growth that this company is offering. With a great downtown Toronto office and excellent culture, you should apply now.

Responsibilities:

• Analyze a variety of commercial real estate transactions including, but not limited to, land, construction, office, retail, industrial, residential and hospitality
• Under the guidance of the Director, complete detailed Loan Summaries for submission and approval to Investors, which includes disciplined underwriting, thorough market research and accurate transaction representations
• Ensure all required due diligence material is obtained and reviewed, and is consistent with preliminary underwriting, deal structure, and Investor approval and/or, where applicable, advise Director of any material discrepancies
• Correspond with the borrower, mortgage and real estate brokers, and other industry professionals to validate and further substantiate the underwriting assumptions and gain a better understanding of particular markets and asset classes
• Perform modeling and quantitative analysis related to real estate developments, income-producing properties, and other real estate assets in order to substantiate value and profitability of loan transactions
• Review financial statements, credit reports and other financial data relevant to the borrower and transaction
• Identify risks and mitigants related to the loan transactions and the borrower, and make recommendations to Director
• Prepare commitment letters consistent with underwriting and approved deal structure, and, when required, prepare memos and amendments related to changes from the approved deal structure
• Provide potential investment partners with underwriting and transaction materials to support syndication activities;
• Review & make recommendations on Cost Consultant’s progress draw reports;
• Send out Call for Funds to Investors once approved

Qualifications:

• Post-secondary Degree in Commerce, Business Administration, Economics, or Finance with an educational focus on Real Estate or Land Development, or equivalent (required)

• • 2-4 years of related work experience in the real estate lending industry (required)

• Superior communication skills (written and verbal) and acute attention to detail
• Expertise in the use of Word, Excel, Office, and PowerPoint
• MBA, CFA, CSC considered an asset

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, Underwriting and Portfolio Management
Located Downtown Toronto (hybrid)
Competitive salary and great benefits

Our client, a non-bank lender specializing in real estate loans, is looking for a Director of Underwriting and Portfolio Management to join their team to help grow the group’s AUM further. The company has experienced tremendous growth nationally and with an exciting downtown Toronto head office, we feel proud to be representing such a great organization.

Responsibilities:

• Manage and develop the Underwriting team, including training new underwriters
• Uphold Underwriting quality throughout Loan Summary submission
• Manage the underwriting process
• Manage resource allocation on deals
• Manage the prioritization of deals as determined by the VP Underwriting and Sales Manager
• Ensure timely submission of loan applications to institutional and private investors
• Ensure quality control on all loan applications – you will be the second signature on loan applications
• Ensure consistent and sound risk assessments
• Act as the key contact for Underwriting with Investors as they adjudicate the loan application, ensuring that all questions regarding the loan application are answered in a timely manner and that the loan is adjudicated within the agreed upon service standards
• Establish and maintain positive relationships with Institutional and Private Investors alike

Qualifications:

• Post-secondary Degree in Commerce, Business Administration, Economics, or Finance with an educational focus on Real Estate or Land Development, or equivalent (required)
• 5+ years of related work experience in the real estate lending industry (required)
• Superior communication skills (written and verbal) and acute attention to detail
• Expertise in the use of Word, Excel, Office, and PowerPoint
• MBA, CFA, CSC considered an asset

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.

Manager Development Accounting
Toronto, Ontario – 5 days per week in-office
$100,000-$120,000 annual salary and great health/dental benefits

Our client is an growing real estate development company looking for a manager of development accounting to join the team in the north Toronto office. This is a great opportunity for either a senior accountant/manager currently working in construction/development company or a CPA-designated audit manager coming from public accounting looking to get into the hottest industry in the Greater Toronto Area – real estate.

Our well-known client in Toronto develops real estate primarily in the GTA and is looking to add a strong self-motivated development accounting manager to the team. This Accounting Manager will work on a varied array of interesting responsibilities like monthly draw work and preparing project pro forma statements, to name a few. Don’t wait longer to apply.

Responsibilities:

• Prepare monthly financial draw package, effectively communicating with construction team and third-party cost consulting firm to ensure timely delivery of package and receipts of funding
• Monthly/year end financial statements
• Preparation of monthly cash flows, reviewing all job costs, account reconciliations
• HST remittances submission to CRA
• Customization and upgrades verification & reconciliations
• Commissions verification and reconciliations
• Review budget and costs on monthly basis, identifying and discussing potential cost savings with management and construction team
• Prepare proforma reports, evaluating and discussing financial performance and cash-flow issues of ongoing project, recommending actions to meet project completion date
• Perform monthly bank reconciliations and financial reporting
• Release all cheques, ensuring project funding is available
• Support team members and other departments as required

Requirements:

• Degree or diploma and CPA designation completed
• Experience working at a small to mid-sized public accounting firm or experience working with a construction/development company as a senior accountant
• Knowledge of accounting and finance principles and practices, and the analysis and reporting of financial-related reports
• 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 emailing 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.

Accounts Payable Coordinator
Concord Ontario, 5 Days a Week in Office
$60,000-$65,000 

Our client, a real estate developer in Concord, is looking for an Accounts Payable Coordinator to join their growing team. 

Job Description: 

• Full payment cycle including 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
• Good understanding of basic bookkeeping
• Data entry skills
• Detailed oriented
• Newstar software experience preferred

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]

Senior Project Accountant

Toronto, Ontario (hybrid set up)

$100,000-$120,000 base plus lucrative bonus, 3 weeks of vacation and benefits

Posted on November 8, 2022.

Our client is a growing company with their head office on the edge of Toronto and North York. The Finance Director 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 lovely progressive work environment. The Senior Project Accountant will handle both project and corporate level accounting, and at several operating platforms including new corporate initiatives. The position will have full ownership over a number of interesting real estate projects, handling all the accounting/finance for them. You would be responsible for an array of duties like month-end, draw process, working papers and reporting, some analysis and occasional budgeting. If you’re looking for a role where you will be exposed to more than just accounting, apply now!

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

Requirements:

• Post-secondary education with a specialty in Accounting, Business or Finance
• CPA designation is an asset or pursuing it
• Minimum of 3 years of experience in a similar role or public accounting firm focused on real estate clients
• 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 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.

Cost Accountant
5 days per week in the office in Newmarket, Ontario
$60,000-$62,000 base, normal weeks of vacation and benefits package

About the Job

We are seeking an experienced, hands-on, costing/general accountant who enjoys rolling up their sleeves in a fast-paced environment. The Cost Accountant will perform analysis to support strategic decisions as well as identifying cost improvement opportunities. The role is responsible for performing general accounting functions including preparing journal entries, maintaining balance sheet schedules and accruals, bank reconciliations, inventory management, costing, accruals at month-end and more. This role directly reports directly to the CFO who is CPA-designated and a wonderful, thoughtful leader.

Responsibilities:

General Accountant Duties (50%)

• Ensure tax fillings, government remittances & reporting are done accurately on a timely manner
• Reconciliation of various G/L accounts including bank, AR, AP, inventory, accruals and expenses
• Maintenance of recurring invoice payments and tax installments
• Capital project reporting and maintaining Fixed Asset System
• Ensure accruals and journal entries are done on time for period closures, including year-end
• Timely reconciliation for all bank accounts including credit card and loan accounts
• Perform balance sheet reconciliations, and journal entries
• Prepare and post general ledger entries for the month-end close process
• Assist in timely, accurate and efficient month, quarter, and year end closings
• Prepare monthly and quarterly accounting reports for submission to management
• Review JE’s carefully for anomalies and other inconsistencies
• Provide full backup for Finance Team for vacations and time-off
• Identify opportunities for process improvements
• Assist special projects and ad hoc as required

 Cost Accountant Duties (50%)

• Ensure standard product cost system is maintained and changes are processed in an accurate and timely manner
• Account for all inventory transactions and account reconciliation through GL
• Examine, analyze, and interpret production variances for financial and management reporting purposes
• Analyzing actual manufacturing costs and preparing periodic report comparing standard costs to actual production costs
• Inventory management: review, analyze and report on inventory valuation, raw materials, an WIP
• Assist in various inventory related tasks including cycle counts, annual physical inventory counts, reconciliation of differences, inventory adjustments and item maintenance
• Work closely with Materials and Manufacturing personnel to ensure accurate inventory

  Requirements

• Bachelor’s degree in Accounting or Finance
• Ideally CPA enrolment or designation completed
• Minimum of 3 years of experience in cost accounting or manufacturing accounting
• Ability to work closely with cross-functional teams and management
• Excellent computer skills with EXCEL using Pivot tables and vlookups
• Strong written and verbal communication skills
• Ability to work in the office at the Woodbridge head office

If you are interested in learning more about this opportunity, please apply 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.

Accounting Manager
Toronto, Ontario – 5 days per week in the office
$80,000-$95,000 base plus bonus, excellent benefits and vacation

Posted on May 5, 2022.

Our client is a growing Real Estate company in mid-town Toronto. They are looking for a Senior Accountant or Accounting Manager to join the small and growing team. Previous real estate accounting experience is definitely a nice to have. You must come with experience preparing financial statements and working papers.

The Accounting Manager will report directly to the Controller and will assist with handling the senior level accounting work in the department while supervising a few individuals. The company does five days per week in the office, located mid-town Toronto. Looking for individuals who don’t take themselves too seriously.

Responsibilities:

• Develop, review and deliver monthly accounting reports to management, external partners and financial institutions
• Prepare detailed year-end working papers up to draft financial statements, including costs to complete analysis and cost share reconciliations for active long-lived land development projects and for projects in pre-development and wrap-up stages
• Act as main point of contact with CRA on behalf of the company. Maintain relationships with external auditors
• Provide monthly financial analysis of projects and operations to the Controller with a goal to seek improvements and compliance with project/partnership goals and continuously seek financial improvement and efficiency for all project and operations
• Prepare quarterly reports on projects with financial statements to be distributed to investors and partners and financiers
• Direct, monitor and manage invoice payables of projects while reconciling with the contracts to ensure accurate and consistent procedure and payment
• Manage the monthly construction draw process with the project cost consultant and construction lender
• File monthly HST input tax credits on projects

Requirements:

• University degree or College diploma
• 5+ years experience in finance/accounting ideally in real estate
• Some mentorship or supervisory experience
• Must have financial statement and working paper preparation experience
• Strong analytical and critical thinking skills
• Working knowledge of EXCEL
• Excellent interpersonal and communication skills
• Positive and professional demeanor

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.

Senior Project Accountant

Aurora, Ontario

$70,000-$85,000 base plus bonus, 3 weeks of vacation and benefits

Posted on August 4, 2022.

Our client is a growing company with their head office in Aurora, Ontario, Canada. The Finance Director is looking for a Senior Project Accountant to come with experience in construction accounting or development accounting. This is a great position for someone looking for a stable company that has a lovely comfortable work environment. You would be in charge of cash flow forecasting, financial statement preparation and more. We’re looking for someone beyond a bookkeeper.

Drop that corporate stuffy downtown office job and apply to this unique, family-focused developer in Aurora, Ontario. If you think this is you, apply now!

Responsibilities:

• Responsible for development projects with a total budget of $250m+
• Maintain budgets, review cost to Complete and forecast expenses to incorporate project changes.
• Identify, discuss & resolve budget-related concerns internally with the construction management team.
• Discuss, monitor and resolve issues regarding budget, cost movement and forecast with independent cost consultants. Track budget changes and perform budget updates on a monthly basis.
• Prepare budget reports for Senior Management including income and cash flow projections and pro-forma analysis.
• Prepare a monthly cash flow statement for the Finance Director and discuss cash requirements and plan accordingly for it.
• Prepare project updates information package (Draws) for Cost Consultants for funding requirements of the project.
• Communicate with Lending Institutions regarding funding release.
• Review the release of AP based on approvals, project requirements and funds available.
• Prepare monthly financial statements and stub period ends including recording revenue, cost of sale and cost to complete accruals.
• Prepare financial analysis and reports as required to support management’s decision making.
• If any internal control issues are found, take steps to ensure management is informed and the solution rolled out and the staff understand it.

Requirements:

• Post-secondary education with a specialty in Accounting, Business or Finance
• Deep understanding of Accounting Standards for Private Enterprises (ASPE)
• Minimum of 3 years of experience in a similar role – land development or construction / home building
• Newstar is a nice to have
• 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

Director of Finance

$140,000 – $160,000 base plus bonus

Toronto, ON – 3 days per week in office

Posted on August 10, 2022.

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 (number one reporting to the CEO), 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
• Monitor underwriting and acquisitions and debt originations
• 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 finance team
• 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
• Previously external audit 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. If you’re interested, email your resume to [email protected].