Finance

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 elan@winchesters.ca

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 elan@winchesters.ca 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.

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 elan@winchesters.ca 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 elan@winchesters.ca Unfortunately, due to the high volume of applicants, only those individuals chosen for an interview will be contacted.

Acquisitions Manager
Toronto, Ontario (hybrid)
$110,000-$140,000 base plus bonus

Posted April 29,2022.

The company is one of the most innovative and fastest growing companies in the industry. They are currently accepting applications for the role of Acquisitions Manager for the corporate office located in Toronto, ON. This is a place where individuals are respected and growth is encouraged and fostered. The Acquisitions Manager will have the opportunity to step up and play an important role in the development of multiple high rises and low-rise acquisitions in the GTA.

The role of the Acquisitions Manager will handle and support the intricate operations and executions of acquisitions within the GTA. The manager will be responsible for managing and identifying all new and existing acquisition developments/opportunities. The role also includes being accountable for liaising with real estate agents and property owners, conducting site identifications and reviews, handling necessary research of sites (including but not limited to transactional, sales, planning and marketing), liaising with various internal divisions and third-party consultants, working with budgets and schedules, reporting to executive teams, partners, managers and assisting with other duties as requested by management in Acquisitions, Development, Finance, Construction, Sales & Marketing.

Responsibilities

• Manage property and land acquisitions, initial site identifications/analysis, concept plans, market research, and pro forma financials
• Negotiate residential development acquisitions in the GTA
• Manage third-party consultants and review/summarize proposals, reports, plans, and legal documents
• Liaise with internal departments to ensure accuracy of financial/non-financial input
• Tracks new opportunities and owns acquisition documents in the pipeline
• Accurately prepare internal and external meeting agendas
• Assist with general administration and track project deadlines and progress

Requirements

• University degree in business, finance, and/or accounting. MBA and/or CFA a plus.
• 3-5 years of relevant work experience including internships & co-op in residential real estate development
• Demonstrated ability with financial and quantitative analysis, emphasis on financial modeling, development of pro forma budget and schedule
• Proficient within Microsoft Office, including Excel
• Good understanding of core development and construction concepts
• Strong communication skills – written and oral

If you would like to find out more about the role, please email Elan Van Wyck (elan@winchesters.ca) 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 Financial Analyst
Toronto, ON – Onsite
$85,000 – $95,000 Base Plus 20 % Bonus and Excellent Benefits 

Our client is a renowned private equity firm in Toronto looking to find a strong CPA-designated (or close to) senior financial analyst for this new division in the group.

Reporting to the VP of Finance, the Senior Financial Analyst (SFA) will be responsible for performing assigned corporate finance and accounting duties, including the month-end close process, the coordination of the year-end audit process, the development of new financial reports in the accounting system, and assisting with corporate level budgeting and forecasting, while ensuring constant adherence to internal financial controls and up to date with accounting standards.

Responsibilities:

• Assist with monthly financial close and preparation of the monthly management financial presentation including follow-up on key issues identified.
• Act as the primary point of contact for third party property managed investments, including review and oversight of their work, recording of corporate adjustments, as well as coordinating funding requests and construction draws
• Maintain established audit systems and procedures, oversee audit working papers and schedules and resolve any audit issues efficiently.
• Develop and foster positive relationships with internal and external stakeholders. Ensure proactive timely resolution of all co-worker inquiries.
• Complete variance analysis for forecasts prepared.
• Perform special projects and ad hoc reporting as required.
• Act as one of the primary points of contact for external auditors and tax consultants.
• Other responsibilities as needed.

Requirements:

• University degree in Business and/or Accounting.
• Recently qualified CPA and a proven track record of high performance.
• Self-motivated and adaptable to a changing and fast paced corporate environment managing multiple competing deadlines.
• Excellent verbal, written, analytical, and problem-solving skills.
• Team player, willing to always support the team.
• Strong organizational and time management skills with keen attention to detail and an open attitude towards learning.
• Real Estate industry experience is an asset, but not necessary.
• Computer literate including strong Excel skills and ability to adapt to and learn software

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

Property Accounting Manager
Toronto, Ontario (hybrid)
Competitive salary with great bonus and benefits

Posted April 29,2022.

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 would like to find out more about the role, please email Elan Van Wyck (elan@winchesters.ca) 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.

Corporate Controller
Toronto, Ontario (4 days per week in the office)
$125,000 – $135,000 and excellent benefits/vacation

Our client is a Toronto-based real estate company. They are looking for a Senior Manager or experienced manager who comes from a public accounting firm background and has at least 1 year of industry experience. This position offers an excellent opportunity to use your strategic thinking skills to identify opportunities and analyze issues.

The successful candidate will be responsible for managing and leading a small team of accountants through many different corporate accounting and analytical duties. This role will provide the right candidate the opportunity to work closely with senior management and the CFO in playing a critical role for the whole company’s accounting/finance department.

Responsibilities:

• Manage the day-to-day accounting and finance functions of the department
• Provide direction on invoices to be paid, cash call and distribution cheques to be cut, general ledger accounting transactions and journal entries to be recorded
• Oversee and manage the collection of accounts receivable of the head office and different real estate companies
• Responsible for banking activities
• Manage and oversee the payroll process, chargeback of all payroll costs to projects and coordinating approvals
• Oversee bank reconciliation process and ensure all accounts are reconciled on a regular basis
• Oversee and manage the year end working paper and tax file preparation process for all companies and review work prepared by other members of the team, co-ordinate timing and answer queries by external accountants, review draft financial statements and provide comments to the CFO
• Review credit agreements, sale documents and any other applicable documents and draft disclosures in accordance with ASPE for year end financial statements
• Cash Management and reviewing monthly loan balances
• Oversee and review quarterly head office reporting prepared by Senior Accountant
• Manage employee health and disability insurance plans, track employee vacation accruals
• Manage the operations of some owned properties including activities performed by Senior Accountant: review of tenant packages and reconciliations, communication with tenants, prepare budget and yearly owner distributions, ensure HST is filed and paid
• Oversee cash flows of projects at the end stage and processing of invoices and reporting
• Ad hoc duties

Requirements:

• Bachelor degree in accounting/finance with CPA designation
• Minimum of 4-5 years of proven experience in an accounting role
• Supervisory experience over others
• Foundational public accounting with audit experience is preferred
• Experience with reviewing financial statements, tax, and working paper packages
• Proficient Microsoft Office skills
• Good team building, communication, and multitasking 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. If you’re interested, email your resume to elan@winchesters.ca

Investment Associate – Real Estate Development and IPP
Downtown Toronto, ON – 5 Days a Week in Office
Very Competitive Compensation Including a Solid Bonus Structure

Our client is an established and growing private equity firm with a focus on residential development in Canada and the US. They are looking for an associate in this newly created role to step in and report directly to the VP of Investments and Acquisitions. 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 portfolio.

Our client is probably one of the most active investment firms in the GTA Real Estate Development sector and for that reason they have faced next to no turnover. With a very collaborate and positive team culture, individuals are treated with respect and given opportunities to grow. This is a very busy transaction team. This is the type of company where you work hard and you get compensated accordingly.

 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:

• Underwrite new investment opportunities to acquire land and develop residential and mixed-use assets. For each investment opportunity, the Associate will be responsible for creating the pro forma, and will assist the VP in coordinating all underwriting and acquisition activities. The Associate will conduct due diligence, prepare the investment committee memo, and assist in the preparation of all necessary investor presentations, investment offering documents and legal agreements required for the capital raising arm.
• Create complex financial models for ground-up residential, mixed-use and commercial real estate development.
• Review and analyze pro formas and conduct diligence and market research as required.
• Conduct financial analysis, prepare scenarios and sensitivity analysis to inform key decisions and evaluate investment options.
• Support the VP in the preparation of financial reporting and analysis of results on a semi-annual basis.
• Assess, monitor, and provide updates on project budgets and schedules, with focus on variance analysis and cash flow forecasts, etc.
• Create real estate market intelligence / data reports on specified local markets to support due-diligence, project underwriting and monitoring.
• Gather, track, maintain, and disseminate up-to-date market data with commentary pertaining to the target real estate market with focus on residential development and multi-family by collecting and analyzing data from CoStar.
• Manage and maintain project records and data to effectively manage a large number of projects in a fast-paced environment.

 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
• Enthusiastic, energetic and self-motivated and able to collaborate openly within a team environment

If you are interested in learning more about this opportunity, please send resume to elan@winchesters.ca. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Accounts Payable Associate

Toronto, Ontario (hybrid)

$55,000-$60,000 plus great benefits

Posted on November 8, 2022.

The company is a full integrated real estate company. They are currently accepting applications for the role of Accounts Payable Associate for the corporate office located near Yonge and Eglinton. The business is one of Canada’s top real estate firms with unparalleled growth potential in this department. This is a place where individuals are respected, given autonomy and ownership has worked hard to create an unmatched culture.

The role of the Accounts Payable Associate provides overall support for the Finance/Accounting team in a fast-paced, multi-company environment. The role will be responsible for processing invoices and preparing payments accurately, efficiently and within a suitable time frame. This position will allow for growth with the department, so apply now!

Responsibilities

• sort, code and match invoices
• enter and upload invoices into system
• track employee expenses and process expense reports
• prepare and perform check runs
• reconcile accounts payable transactions
• research and resolve invoice discrepancies and issues
• correspond with vendors and respond to inquiries
• post transactions to journals, ledgers and other records
• prepare monthly HST report
• perform monthly bank reconciliation
• record accounts receivable payments

Requirements

• Diploma or university degree
• A minimum of 1 year of Accounts Payable experience
• Strong organizational skills with an ability to prioritize tasks with a keen attention to detail
• Strong communication skills – written and oral
• Priority will be given to individuals coming from construction or development but it is not required
• Proficient in data entry and document management

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