Finance

Senior Analyst – Real Estate Private Equity
Toronto, ON – Hybrid
$90k – $140k base plus bonus and great benefits

Our client is a very active and growing real estate private equity group. Reporting to the EVP, the senior analyst will help grow the group’s AUM further beyond its $2B size. The organization invests heavily in real estate development with over 2000 units in development. They focus on high rise development, low rise and some commercial development as well.  

Responsibilities:

• Take the lead on underwriting new real estate acquisition opportunities and prepare investment decks for presentation to the Investment Committee
• Monitor the current investment proformas and business plan vs actual results and re-underwrite accordingly. This will involve reviewing site plans, development schedules and construction schedules for the existing developments and reflecting revisions to plans and schedules in the proforma as directed.
• Take the lead on obtaining financing for the current projects under management where required. This will involve preparing financing packages and handling any requests from the respective lender group.
• Complete the quarterly external investor reporting process which will involve providing an update on the projects under management and incorporating updated business plans and metrics when relevant.
• Provide support in the creation and implementation of standard processes and procedures as they relate to financial monitoring and reporting for internal reporting as well as external reporting to investors and lenders.
• Gather and analyze financial statements, market data, industry reports, and other relevant information to assess investment viability.
• Stay informed about macroeconomic trends, industry developments, regulatory changes, and geopolitical factors that may affect investment decisions.

Requirements:

• Minimum of 2-4 years of relevant experience with real estate finance, or development management
• Experience conducting financial analysis for potential land/real estate acquisitions using advanced models in MS-Excel
• Experience developing and maintaining budgets, project proformas, cash flow projections and financial reports
• Strong understanding of development financing (typical financing structures at various stages of development) and land economics.

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.

Senior Development Accountant
Hybrid, Downtown Toronto, ON
$90,000 – $105,000 Base Plus Bonus, Pension, 3 Weeks Vacation & Excellent Benefits 

Our client is a large real estate organization looking to hire a senior development accountant in this new position for the department. This is an excellent role for an accountant who has worked in development or construction and has experience with the draw process, working with cost consultants, and dealing with joint venture partners. This company can offer unparalleled benefits that go along with a great compensation package.

The Senior Development Accountant will work on a varied array of interesting responsibilities like monthly draw work, monthly percentage/cost to complete analysis, forecasting, budgeting, and more.

Responsibilities:

• Perform month-end, quarter-end development project level close, all related accounting activities including recording journal entries, accruals, maintaining and reconciling the general ledger
• Maintain working paper files for each project including full project GL balance reconciliations
• Prepare working paper files and draft journal entries for development related transactions and PUD to IPP transfers
• Build working relationship with joint venture partners to deliver accurate and timely consolidated month-end financial results
• Communicate and collaborate with internal business partners to remain informed about development project status
• Assist in the maintenance of internal control policies and procedures
• Assist capital projects team in preparation of cash calls
• Continuously implement process improvement initiatives to increase effectiveness and productivity
• Compile supporting documents for auditors on a quarterly basis
• Complete ad-hoc analyses or reports as required

Qualifications:

• CPA or pursuing it
• Minimum of 2-3 years’ experience within accounting and reporting
• Commercial & mixed-use real estate industry experience is an asset
• Ability to organize and prioritize various tasks in a fast-paced environment
• Excellent communication and interpersonal skills
• Proficiency with Microsoft Suite applications (Excel, PowerPoint, Word), Financial systems (JDE, BI tools, Spreadsheet Server), Power BI is an asset

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

Financial Controller
Fully remote, head office in Toronto, ON
$100,000-$130,000 base plus bonus and other compensation available

Our client is a private, entrepreneurial real estate investment company founded over five years ago and growing at a rapid yet steady pace. They take pride in their ability to forge strong relationships, acquire and manage high quality real estate assets in Canada and the US, and consistently execute value-add projects. Their current owned and asset managed portfolio consists of multi-family residential assets. You will engage in a diverse range of responsibilities encompassing accounting, reporting, treasury, FP&A, transactions, and investor relations, ultimately offering a comprehensive view of the financial landscape. You will report directly to the CFO who is a partner in the business, but the plan will be to have you eventually take over as CFO.

This will truly be an exciting role where you will be working fully remote, being given a lot of freedom. This also comes with high expectations and while there is flexibility, people strictly looking for a 9-5 environment should not apply. Because ownership in the future is a real possibility for this role, they want someone fully committed to the growth of the business and that means putting in the hours and energy that the founders are doing themselves.

Responsibilities:

• Oversee all operational and internal accounting functions and external financial reporting
• Optimize all technology systems and platforms to help achieve strategic objectives
• Own the FP&A function, which includes the creation of monthly dashboards, forecasts, and ad hoc analysis
• Guide financial decisions by establishing and executing accounting policies, procedures, and internal controls
• Manage the cash and treasury process, with a focus on optimizing the entire function
• Responsible for all payroll, admin, HR, compliance, and corporate legal matters
• Oversee all fund and investor administration and assist with investor communications
• Provide technical and strategic support on all real estate acquisitions and dispositions
• Lead all risk mitigation initiatives and supports takeout refinancing activities
• Take a key role in the firm’s U.S. expansion which includes building out all infrastructure
• Hire, lead, inspire, coach and develop a team of accountants
• Provide timely and strategic advice to leadership and other stakeholders

Requirements:

• Degree or diploma and CPA designation
• At least 5 years of professional work experience with 2+ years in a managerial role
• Comfortable in a multi-entity environment
• Ability to travel to the US
• 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 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 – Onsite
$75,000 – $90,000  Plus Great Benefits

The company is a full integrated real estate company. They are currently accepting applications for the role of Senior Project Accountant to deal with the tremendous growth they are experiencing. They have a number of interesting new projects coming up this summer that will last for 5-6 years. This role will eventually take supervisory responsibilities over an AP Specialist. The business has a very relaxed, calm atmosphere where individuals are respected by trusting and kind owners.

The role of the Senior Project Accountant or Project Accountant will be managing the costs and budget for several projects. The accountant will report to a Controller and will be responsible for ensuring best practices are implemented and adhered to. This includes reviewing and analyzing job profitability, reviewing payables and receivables for accuracy, ensuring timely payments and collections, analyzing budget variances, and working closely with the AP Specialist.

Responsibilities

• Review payables for accuracy
• Assess any escalated payable matters and discuss resolutions with Project Management team
• Provide, maintain, and record any issues/concerns about payables
• Ensure timely and accurate billings by working with PM team to ensure all deadlines are met, and all billings are reflective of percentage of completion
• Work closely with clients to ensure demands are met, ensuring valid documentation and variance analysis
• Ensure variances are accounted for
• Ensure change orders are billed correctly and in full, in a timely manner
• Prepare monthly project summary of the cost and revenue details with analysis
• Schedule and run monthly meetings with PM team to troubleshoot any issues and ensure targets are being met
• Analyze monthly payroll and post journals
• Prepare monthly bank reconciliations and report to the Controller on cash health
• Review, prepare and Netfile monthly HST
• Assist with ad hoc projects as required, including year-end working paper preparation, and assist with annual external review by responding to auditor inquiries
• Assist with monthly forecast preparation

Requirements

• Diploma or university degree
• 2-3 years of project accounting experience minimum
• 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 apply now by sending your resume to [email protected]. Unfortunately, due to the high volume of applicants, only those individuals chosen for interview will be contacted.

Accounts Payable Administrator
Downtown, Toronto (4 days in office)
$60,000- $65,000 Salary + Benefits

Our client is a highly reputable property development company located in the heart of downtown Toronto. This role will report directly to the Manager, Development Accounting & Reporting and is an excellent opportunity to work in a fast paced, team environment.

Responsibilities:

• Enter accurate and timely accounts payable invoices for each development project using established internal control practices.
• Process approved accounts payable invoices for payment.
• Maintain appropriate physical or electronic support for all accounts payable transactions.
• Contracts, Change Orders, Purchase Orders: Create purchase orders in Excel for the development team and enter them into the Yardi system once approved.
• Accounts Payable Processing: Input vendor invoices into the Yardi system weekly, ensuring correct legal entity and association with the appropriate contract, change order, or purchase order.
• Review vendor invoices for accuracy, including totals, taxes, billing entities, and matching them to purchase orders, contracts, and receiving reports.
• Verify vendor account status, respond to vendor inquiries, and ensure accounts are settled or outstanding balances are accurate.
• Follow up with vendors, development, and construction teams regarding monthly billing at month-end, ensuring all bills are received with correct supporting documentation.
• Assist with the development and implementation of new process improvement initiatives.
• Cheque Processing: Ensure all invoices entered are committed for payment in a timely manner and process cheques weekly.
• Ensure cheques have appropriate signatures.
• Determine the method of cheque delivery (mail, courier, or pick-up) in consultation with accountants.
• Ensure all bills are paid on time, and due dates are tracked appropriately.
• Update the vendor master list.
• Review the accounts payable aged listing monthly and follow up with accountants for any accounts payable over 30 days.

Requirements:

• 3-5 years of AP experience, preferably in development accounting
• Detail-oriented and organized
• Excellent communication skills
• Basic knowledge of Excel

If you would like to find out more about the role, please email Eric Synowicki ([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 Financial Analyst (SPA)
Toronto, ON – Most Days In-Office with A Few From Home Every Month
$80,000-$90,000 Base Plus Bonus, Great Benefits And LTIP

A well-established GTA developer that develops residential real estate is looking for a Senior Financial Accountant to join a dynamic team environment. The company has been experiencing a high level of growth and seeking for an individual with a drive to achieve excellence within. This is a great opportunity for someone who wants to work under a great CFO who is focused on employee development and would be a great mentor for the right person.

Reporting to the VP Finance, the Senior Financial Analyst (SPA) will play a key role to provide reliable, timely, and efficient support and reporting for pre-development, construction, and closing projects for cost consultants, internal and external partners. The position entails preparation of monthly and annual financial statements and providing meaningful analysis on said statements. You will assist in the budgeting and forecasting process and maintain full accounting cycle for development projects.

RESPONSIBILITIES:

• Oversee the full accounting cycle for multiple development projects.
• Perform monthly calculations, reconciliations and recording of revenues, management fees, and interest for each project.
• Perform timely month-end close and ensure recording all pertinent transactions including setting up monthly accruals and properly document journal entries.
• Prepare monthly construction draws and co-ordinate with cost consultants.
• Coordinate with the operations and other teams to process monthly property financials (i.e. invoice coding, purchase orders, project details and variance analysis) as needed.
• Maintain ongoing analysis of project budgets on a pro forma basis from joint venture partners.
• Perform regular bank and trust deposit reconciliations.
• Set up project budgets, change orders and estimate in the accounting system, as well as implement control and maintenance activities.
• Prepare and process cash calls, record and reconcile project distributions/ contributions.
• Assist in cash flow reconciliations and analysis.
• Prepare internal and external partner reporting for each project including support for GL balances.
• Assist in monthly compliance reporting to lenders, government, and partners.
• Identify and implement process re-engineering opportunities.
• Ensure compliance with Generally Accepted Accounting Standards (IFRS and ASPE), internal audit and client accounting services and internal review standards.

QUALIFICATIONS:

• Bachelor’s degree in Accounting (preferred) or Finance required; CPA a plus
• 2-5 years of accounting experience
• Preference for individuals who have worked at an audit firm
• Advanced accounting and analytical skills
• Excellent verbal and written communication skills

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

Accounts Payable Coordinator
Vaughan, ON – Onsite
$60,000 – $65,000 

Responsibilities:

• Full accounts payable cycle
• 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
• 3-5 years experience in accounts payable
• Good understanding of basic bookkeeping
• Data entry skills
• Detailed oriented and organized
• Newstar software experience preferred

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

Accountant

Brampton – 5 days per week on site

$60,000 – $65,000, 2 weeks of vacation, plus great benefits

Posted on August 23, 2022.

Our client is a growing company with headquarters in Brampton. They are looking for an Accountant to join the team on a full-time basis. This position offers an opportunity to work in a fast-paced role while handling general accounting, balance sheet reconciliations, financial statement preparation, internal controls, and working with Sales and Operations on productivity.

The successful candidate will also have the opportunity to move up to manager within the next few years.

If you have the necessary accounting background, this could be an opportunity for you. In the role, you will be responsible for the following tasks:

• Handle balance sheet accounts
• Perform monthly balance sheet analyses and reconciliations
• Prepare working papers and handle undeposited funds
• Reconcile supplier clearing accounts and follow up O/S balance
• Handle the processing of monthly bottle deposits
• Handle tax filing and journal entries
• Manage inventory audit and support inventory counts
• Handle financial accounting cycle
• Oversee accounting cycle for AP/AR and intercompany transactions
• Prepare annual working paper files and year-end audit
• Communicate and work with finance department
• Advise on technical accounting guidance
• Improve and assist in process improvements
• Ad hoc duties as requires

Requirements:

• 2-3 years of experience in general accounting roles
• BA or BS in Accounting, Finance, or Business Management
• Balance sheet reconciliations on the GL
• Understanding of ERP Software
• Ability to work collaboratively in a team-setting
• Ability to work towards improving processes/systems
• Impeccable communication and relationship building skills – both written and verbal

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]

Financial Analyst – Costing and FP&A
Located in Markham, ON – 3 Days a Week in Office Minimum
$80,000 – $85,000 Base Plus Bonus, Excellent Benefits 

Our client is a large global manufacturing company. This is a position due to a promotion within the team. The successful candidate will be responsible for forecasting, planning, budgeting, costing, and analysis of the Company’s manufacturing operations.

Responsibilities

• Provide monthly reporting on key performance measures such as cost center spending, capital expenditures, production volumes, machine productivity, reject rates, headcount, and others
• Conduct monthly reviews with cost center owners and assign corrective measures
• Prepare and present monthly business reviews for operations leadership
• Provide support on product pricing by integrating relevant cost parameters from the production environment
• Address pricing requests from sales or client services
• Prepare monthly inventory analysis and meet with stakeholders to discuss and address key issues
• Work with leadership on the feasibility of capital expenditures and monitor from submission through approval and execution
• Work to develop a better understanding of production cost drivers and ensure that the ERP system is reflective of operational economics
• Review, analyze and update standards and key figures in ERP system on a regular basis
• Analyze and monitor changes in material and production costs and anticipate the financial impact
• Support with analysis of the financial implication of company initiatives
• Analyze and explain actuals results and any deviations from the plan
• Perform ex-post review of business cases and capital investments
• Coordinate with regional and global stakeholders on recurring reporting requirements
• Other analysis and special projects as required

Requirements

• 5 Years of financial-analytical work experience
• Relevant experience in a manufacturing environment is beneficial
• Excellent verbal and written communication skills
• Advanced skills in Excel and proficient computer skills (i.e. Microsoft Office, SAP is nice to have)
• Ability to work with large amounts of data
• Strong problem solving and analytical skills
• Degree in Finance, Business, Commerce or a quantitative discipline

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

Asset Manager – Real Estate Development
Downtown Toronto – hybrid (Fridays from home)
$110,000-$140,000 base plus 10% bonus and a lucrative profit-sharing piece

Our client is a growth-oriented real estate development firm in downtown Toronto. The company is adding this brand-new position to the team where you will truly own the proformas for 10+ mid- and high-rise projects in the GTA. Post acquisition, the project will move to your division and you will have full financial responsibility for a number of interesting projects, while managing one analyst.

Responsibilities:

• Take ownership of the development models / proformas for each active real estate project and oversee the execution of development plans for active development projects from acquisition to completion of the development; taking a proactive and “hands-on” approach to managing risk and maximizing returns on all projects;
• Oversee monthly performas updates, equity requirements, upcoming property tax payments, upcoming loan and insurance renewals and expirations;
• Run various scenarios in pro forma to evaluate options (e.g. sales launch date; additional height, unit mix, etc.) and determine best outcome for the project;
• Review, critically assess and provide updates to the company’s investment committee on overall project budgets with inputs from each functional group (finance, construction, development, sales and project monitoring consultants).
• 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 target returns.
• Review legal documents/agreements typical in real estate development projects (LOI, DM Agreement, JV Agreements, loan docs, fee proposals); ensure the financial models are accurately tracking the agreements
• Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk
• Manage the execution of the forecasting process through the maintenance of monthly forecast models and ensuring financial models reflect market realities as well as information from each functional group
• Review and critically analyze progress draw reports
• Oversee the organization and consolidation of project information, including financial summaries from the development models, to prepare regular quarterly or monthly investor reporting packages
• Maintain strong financial modeling standards (e.g. employ prudent leverage, limit our exposure to planning and development risk, etc.)
• Drive process improvements and maximize efficiency
• Identify and rectify “red flags” (e.g. budget overruns) and have a working understanding of the financial results to provide operational insights and recommendations to correct or mitigate these issues
• Support and mentor the Senior Analyst

Qualifications

• Minimum of 4 years of relevant experience with real estate finance, development or project management
• Experience conducting asset management and financial analysis for development projects using advanced models in MS-Excel
• Experience developing and maintaining budgets, project proformas, cash flow projections and financial reports
• Strong understanding of development financing (typical financing structures at various stages of development) and land economics.

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