Senior Development Accountant
Toronto, ON
Posted on April 29,2022.
Our client is a growing real estate company looking for a Senior Development Accountant to join their Toronto 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, while spending some days at the client’s offices in Midtown Toronto.
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
- Work directly with the Finance Director and CFO in the design of the initial ownership structuring of projects and partnerships
- Produce and continuously analyze cash flow projections for projects from conception to closing
- Manage equity draws for project ownership entities, partnerships and joint ventures consistent with their respective legal structuring
- Provide monthly financial analysis of projects and operations to the internal executive team 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
- Conduct reconciliation of all project accounts and report to external accounting/auditing firms for month end, quarterly and year end filings
- File monthly HST input tax credits on projects
Qualifications
- Bachelor’s degree in accounting or business administration
- Minimum 3-5 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
- Strong critical thinking skills with good attention to detail and an ability to thrive in a fast-paced environment
- Excellent team player with the ability to work independently
How to Apply
If you would like to find out more about the role, please email your resume in confidence to [email protected] 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.