VP Finance and Operations – Toronto, ON – $150,000 – $175,000 (plus benefits)

Vice President Finance and Operations
Toronto, Ontario
$150,000-$175,000 base plus bonus, equity, excellent benefits and vacation

Posted on May 24, 2021.

Our client is Toronto is a small, yet growing real estate development company seeking an experienced VP Director of Finance and Operations to join their team. Reporting directly to the Partners, the VP Director of Finance and Operations will direct all finance, accounting and reporting for all real estate development projects by working with the executive and project teams, joint ventures, financiers, consultants, government agencies, and other stakeholders. An experienced accounting, investment, and finance team will also work under the VP Director of Finance.

The VP Director of Finance and Operations will be a part of a top-tier development company that possess a 5-year expansion plan for internal growth. Do you have accounting experience in real estate development? If so, apply now!

Role Responsibilities

  • Hire, train, mentor and retain top-tier accounting talent  
  • Establish and maintain controls to safeguard corporate assets and limit financial exposure; document and recommend improvements to internal financial policies and procedures  
  • Oversee and approve the completion of timely financial statements and reports on transactions and/or information requests from both lenders and investors  
  • Oversee, monitor, and report on project variances as they relate to project return targets and budgets  
  • Monitor the Company’s cash flow in regards to operating profits and projected capital requirements from the portfolio  
  • Manage and monitor corporate operating fee revenue, expenses and payroll  
  • Lead and manage the accounting team on all full cycle development accounting operations including 
    HST/GST, year end and interim financials, preparation of corporate and property audit and tax 
    returns  
  • Lead tax structuring to proactively minimize tax, in regards to corporate, holding company and property level activities  
  • Set up systems and assist in tracking of commissions, purchasers, deposits, upgrades, and chargebacks  
  • Lead regular monthly draw package co-ordination  
  • Lead in conjunction with asset management the preparation and distribution of capital calls  
  • Lead management of lender and investor reporting obligations  
  • Assist in maintaining existing and establishing new lending and investor relationships as part of new acquisitions and recapitalizations  
  • Assist in research and lead implementation of private securities structures and issuances including EMD qualification or partnerships, mutual fund trusts, and offering memorandums  
  • Lead corporate banking relationships including establishment of efficient operating facilities and credit card pools for construction  
  • Lead research and implementation of financial and tax structuring options for new businesses  
  • Set quarterly and annual operational objectives  
  • Design and implement operational strategies, systems, templates, plans and procedures to 
    support the Company’s growth  
  • Research, implement and maintain operating and accounting software 
  • Assist with preparation and distribution of marketing materials including press releases  
  • Lead implementation of construction financial and operating controls, management reporting, and contract and monitoring software for self-performing construction division 
  • Oversee and assist corporate responsibilities for Tarion and Home Construction Regulatory Authority (HCRA) registration and reporting  

Requirements

  • University degree 
  • CPA Designation 
  • 5+ years of experience in finance/accounting in real estate development at a senior level
  • Strong analytical and critical thinking skills 
  • Working knowledge of EXCEL 
  • Excellent interpersonal and communication skills 
  • Positive and professional demeanor 

If you are interested in learning more about this opportunity, please apply now and contact elan@winchesters.ca (with your resume and cover letter). Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.