Finance

Project Accountant
Toronto, Ontario
$70,000-$85,000 plus excellent benefits

Posted on February 28, 2022.

Our client is a growing Real Estate company in mid-town Toronto. They are looking for a strong Accountant to join the dynamic and growing accounting team. Previous real estate accounting experience is a nice to have, but the real focus of this role is to prepare working papers and draft financial statements for the Controller’s review.

The Project Accountant will report directly to the Controller and deal with accounting for both income-producing properties and accounting for development projects. This position is a very unique role giving the successful candidate the opportunity to have a great amount of autonomy while working in a company that really values work/life balance. This employer will require the Project Accountant to be in the office five days per week.

Responsibilities:

• Handle full-cycle accounting for a real estate portfolio of income-producing properties that are pre-development
• Have full involvement, responsibility, and accountability for the portfolio, including all monthly, quarterly, and annually financials
• Reconciliation and understanding of all balance sheet accounts, produce monthly financial statements and supplementary reporting
• Track capital expenditures against budget
• Monitor cash positions and anticipate future cash deficiencies
• Monitor and review monthly receivables for accuracy, adjustments/corrections
• Monthly bank reconciliations including follow up and correction of outstanding items
• Responsible for completing accounting portion of assigned property budgets
• Assist in tenant lease set up and monthly rent roll review process
• Assist in preparation of supporting working papers, documentations for the year-end audit process and tax filing process
• Develop and maintain accurate financial reports for internal and external stakeholders of the company’s projects on a timely basis
• Prepare and review monthly Job Cost reports, monitor current budgets and actual costs, and propose budget transfers when appropriate
• Perform monthly bank and HST reconciliations and ensure HST filings are submitted on a timely basis, in accordance with CRA requirements
• Liaise with cost consultants and lenders to ensure monthly project monitor reports are completed accurately and that the funding is issued on time
• Monitor working capital balances, analyze project cost requirements, and prepare funding schedules to be used when issuing capital calls to the partners
• Review monthly construction progress billing packages to ensure these are prepared accurately and that all the required statutory documents are included
• Support internal teams with requested financial analysis on an ad-hoc basis;

Requirements:

• University degree
• CPA Designation is nice to have
• 3+ years of accounting experience
• Hands-on experience preparing working papers and drafting financial statements
• Strong analytical and critical thinking skills
• Working knowledge of EXCEL
• Excellent interpersonal and communication skills
• Positive and professional demeanor
• Ability to work in the office five days per week

How To Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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.

Project Accountant
Midtown Toronto, ON (hybrid)
$80,000-$90,000 base plus company-paid benefits

 Posted on February 24, 2022.

Our client is a Toronto-based real estate company looking to find a Project Accountant for a newly created role in the accounting team due to growth of the department. The position will have full-cycle accounting duties for a brand-new project for the group while being supported by an AP/Admin team. Individuals who are pursuing their CPA designation or who already have it are encouraged to apply as the role reports to a CPA-designated Manager who can sign off on your experience.

The Project Accountant will report to the Manager of Accounting and will be responsible for managing the monthly accounting and reporting cycle for some high-profile residential development projects. Additional responsibilities will be required on a periodic basis including supporting project managers with information requests or financial analysis. The ideal candidate must be detail-oriented, well organized and hard-working. They also must feel comfortable multi-tasking in a fast-paced environment.

Responsibilities

• Develop and maintain accurate financial reports for internal and external stakeholders of the company’s projects, on a timely basis;
• Prepare and review monthly Job Cost reports, monitor current budgets and actual costs and propose budget transfers, when appropriate;
• Perform monthly bank and HST reconciliations and ensure HST filings are submitted on a timely basis, in accordance with CRA requirements;
• Ensure that invoices are entered into the system correctly by AP Clerks and that all the relevant supporting schedules are complete and accurate;
• Liaise with cost consultants and lenders to ensure monthly project monitor reports are completed accurately and that the funding is issued on time;
• Monitor working capital balances, analyze project cost requirements and prepare funding schedules to be used when issuing capital calls to the partners;
• Review monthly construction progress billing packages, to ensure these are prepared accurately and that all the required statutory documents are included;
• Prepare year-end financial reports and schedules and provide all required information to external accountants for preparation of financial statements and tax filings;
• Support internal teams with requested financial analysis on an ad-hoc basis;

Requirements

• Post-secondary education with a specialty in Accounting or Business Administration
• CPA designation or actively pursuing it
• At least 2 years of experience in a similar role; real estate accounting experience with exposure to development projects is considered an asset
• Proficient in Microsoft Word, Excel and PowerPoint
• Flexibility to work outside of core hours when business needs dictate
• Highest degree of integrity, honesty and commitment to professionalism
• Strong communication skills with an ability to present information in a clear manner

How To Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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 Corporate Accountant
Toronto, ON
$80,000-$90,000 base plus bonus and excellent benefits

Posted on March 15, 2022.

This growing real estate company in Toronto is looking for a new Senior Corporate Accountant.

Our client is a well-known company with a great name in the real estate industry located in Toronto. This role is pivotal for the financial operations of the business and will not manage any individuals, but will act as a senior over an AP associate.

The Senior Corporate Accountant will support the accounting department through the accurate and timely preparation of journal entries, working papers and account reconciliations for the company’s corporate entities in North America, in addition to participating in budgeting, reporting and other processes. The Senior Corporate Accountant is expected to add value to this role by developing an understanding of the businesses supported and the relevance of accounting entries and reconciliations for which he/she is responsible, as well as his/her drive for continuous improvement.

Responsibilities:

• Assist with daily operations of corporate accounting functions, including journal entries and maintenance of the general ledger, recording of intercompany loans, investments, distributions and management fees, maintaining third party debt and equity transactions, accounts payable, cash and fixed assets and preparation of working papers as required.
• Prepare month-end reconciliations and journal entries including accruals, prepayments, amortization, bank reconciliations and other entries as required.
• Analyze variances from budget, forecast and prior period to provide commentary.
• Work proactively to identify and resolve issues regarding the monthly financial results and liaise with various departments (Tax, Treasury, Legal) as required.
• Prepare HST returns and initiate payments for HST-registered entities in Canada.
• Assist with the preparation of the quarterly and annual financial statements.
• Participate in annual budgeting process.
• Provide assistance to external and internal auditors as required.
• Assist with the preparation of statutory financial statements for legal entities.
• Assist where necessary on any special projects or other duties as assigned.

Requirements:

• Minimum of 3 years’ experience in a corporate accounting function
• Experience in a large corporate/publicly traded organization and/or in a multi-currency environment considered is preferred
• University degree is an asset
• CPA designation or CPA program substantially completed is an asset
• Large ERP is an asset
• Advanced knowledge of Excel
• Strong analytical and accounting skills with excellent attention to detail
• Effective written and oral communication skills

How To Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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 Property Accountant
Toronto, Ontario
$70,000-$80,000 base plus bonus, group retirement plan, and great benefits

Posted on February 24, 2022.

Our client is an organization where you join, grow, and stay for a while. People are tenured and they typically promote from within as they continue to grow. If you’re in property accounting and live in Toronto, this is the role for you! They are currently doing 2 days per week in the office with the other 3 working from home. It is not guaranteed that this set-up will remain forever, but definitely for the short term.

The team is looking for a property accountant who wants to take the step up to senior property accountant, coming with experience in commercial, industrial, or retail portfolios. Unfortunately, if you only have residential experience, you will not be considered for interview.

This company has a great reputation and is growing so it’s a great time to join. The reason for the opening is because of growth of the portfolio. Also, this company is the one of the few property management companies that has excellent work/life balance.

Responsibilities

• Responsible for the full cycle day-to-day accounting which includes: recording transactions, accruals, reviewing accounts payable, completion of bank reconciliations, HST returns, and reconciliations of inter-company transactions and balance sheet accounts.
• Prepare CAM and Tax recoveries and reconciliations for properties.
• Prepare monthly cash flow projections and cash distributions.
• Review and generate monthly billings for tenants.
• Liaise with property management, leasing and other departments pertaining to daily operations.
• Oversee lease setup and create recovery models for newly acquired properties.
• Month-end close procedures, including the preparation of monthly financial statements and financial reports, as well as monthly variance analysis and discussion to support budget overages and margin erosions for assigned properties.
• Work with property management and other parties to prepare annual budgets and reforecasts.
• Assist with year-end audit processes and quarterly reviews through the preparation of audit working papers.
• Identify opportunities for process improvements or efficiencies.
• Other ad-hoc projects.

Responsibilities

• College diploma or University degree and preferably pursuing a designation (CPA, CGA, CMA)
• Minimum of 2-3 years of experience in Property Accounting for office or retail portfolios
• Excellent verbal and written communication skills
• Advanced MS EXCEL skills and proficient with MS Word and Outlook
• Experience with the integration of all accounting related activities on property acquisitions

How To Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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.

Accounting Manager

Toronto / North York, Ontario

Competitive base salary plus bonus, excellent benefits and vacation

Posted on March 28, 2022.

Our client is a growing Real Estate company in North York, ON. They are looking for an experienced Accounting Manager to join the small and growing accounting team.

Reporting directly to the President and the Controller, the Accounting Manager will be responsible for oversight of all finance, accounting and reporting activities with a focus on AP and AR. The Accounting Manager will lead all day-to-day finance operations of this construction company. This position is a very unique role in a company that promotes great work life balance and a positive, relaxed working environment. Don’t wait to apply.

Responsibilities:

• Manage and supervise a team of two direct reports.
• Manage full cycle A/P.
• Oversee workflow of A/P team to ensure efficiency of processing.
• Timely posting of monthly vendor construction to draw invoices.
• Review of monthly A/P project construction draws.
• Cheque run management.
• Monitor and maintain controls over the A/P process and policies.
• Manage credit card expenses and employee expense reimbursement.
• Remit monthly HST reports to the CRA.
• Manage full cycle A/R.
• Post invoices from monthly draws created by the project managers.
• Ensure all necessary documentation is provided to the client.
• Ensure A/R payments are posted and following up on overdue payments.
• Maintain excellent working relationships with project managers to ensure timely approvals and resolution of issues.

Requirements:

• Construction related experience is a must.
• Experience in Jonas Premier Construction software is preferred.
• Post-Secondary Education in Business/Accounting, an accounting designation is considered an asset.
• 2-3 years’ experience in a leadership role in full cycle A/P.
• Strong interpersonal skills for interacting with external vendors and the internal team.

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
Toronto, Ontario (hybrid set up)
$90,000-$110,000 base plus bonus, 3 weeks of vacation and benefits

Posted on February 23, 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

How To Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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.

Accounts Payable Administrator
Toronto, Ontario (hybrid)
$50,000-$60,000 plus great benefits

Posted on February 23, 2022.

The company is a full integrated real estate company. They are currently accepting applications for the role of Accounts Payable Administrator for the corporate office located on the edge of Toronto and North York. 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 the owners have worked hard to create an unmatched culture.

The role of the Accounts Payable Administrator provides overall support for the Finance/Accounting team in a fast-paced, multi-company environment. The Accounts Payable Administrator will handle AP functions of assigned corporate entities and will report to a great VP of Finance, supporting the AP manager and various Project Accountants. Apply now!

Responsibilities

• Enter invoices into the accounting system on a daily basis
• Ensure processing of invoices in an accurate and timely manner
• Process cheques ensuring all supporting documentation is attached
• Meet payment due dates
• Manage and maintain the tracking of full cycle A/P process (from receiving invoices to releasing cheques)
• Reconciling vendors’ statements in the event of discrepancies
• Contact vendors to resolve invoice and payment issues
• Monthly review of the A/P aging report and inform the manager of any outstanding amounts
• Monthly review of the outstanding cheque report provided by the manager and investigation of outstanding cheques
• Assisting the Accounts Payable Manager as required
• Able to meet deadlines and cope with a high volume of data entry

Requirements

• Diploma or university degree
• A minimum of 2 years 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

How To Apply

Accountant
Downtown Toronto, ON
$50,000-$60,000 base plus discretionary bonus, full health and dental benefits and 3 weeks of vacation

 Posted on January 11, 2022.

Our client is a leading Canadian architecture firm based in Toronto with a reputation that is worldwide. The firm is recognized for design excellence across a broad range of building types for cultural, civic, academic, healthcare, residential and commercial clients. The company is a leading proponent of sustainable design innovation and consistently is rated one of Canada’s top employers.

We are seeking an energetic and enthusiastic individual to join our Finance and Accounting team as a General Accountant. This is an excellent role that will involve the candidate in various aspects of the finance related activities and will report to a CPA-designated CFO.

Duties Include

• Reconciling sub-consultant statements on a monthly basis
• Preparing monthly account receivable reports for the project managers
  • Following up with clients on outstanding invoices

• Banking – processing deposits in the accounting software
• Coding and processing vouchers for expenses
• Reconciling credit card expenses
• Assisting the accounts payable with weekly cheque run
• Reviewing and processing expense reports
• Preparation of reports or schedules for year-end audit
• Archiving and file storage management
• Miscellaneous tasks such as scanning/filing/uploading, etc.
• Other tasks as assigned

 Necessary Skills Include:

• 2 – 3 years’ experience in an accounting department, or post-secondary education (or equivalent)
• Advanced computer skills in Microsoft Office, particularly Excel
• Detail oriented and highly organized
• Excellent written and verbal communication skills
• Ability to learn quickly with strong time-management skills
• Ability to analyze and problem solve
• Previous experience in an architectural or engineering firm is an asset

How to Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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.

Financial Accountant
Toronto, Ontario (hybrid work set up)
$65,000-$80,000 base plus full benefits, bonus, 4 weeks of vacation, and great company culture

Posted on December 24, 2021.

Excellent established and respected organization in Toronto, ON.

Our client is looking for a Financial Accountant to join the team. In this role you will report to an experienced VP Finance who is a big developer of people and believes in a positive work culture. The organization is a family-run business and offers competitive compensation along with recognition of the important of career development. This is a mid-level position and is a great opportunity for growth, autonomy, and career progression.

As the Financial Accountant you will be given the opportunity to do full-cycle accounting for a number of different companies with multiple partners. You will gain exposure to real estate management, real estate development, and several other industries

Responsibilities

• Responsible for all financial working papers, reviews and variance analysis for corporate entities, partnerships, joint ventures, trusts and holding companies
• Responsible for financial review and variance analysis for investments
• Responsible for accurate completion of monthly, quarterly and year-end files
• Assist and co-ordinate with the year-end audits and working papers for various legal entities
• Responsible for all aspects of General Ledger accounting
• Record and analyze transactions for multiple tiers holding entities, and apply the proper
• accounting solution
• Assist with the establishment of standardized reporting, policies and procedures and systems to support a standardized platform
• Ensure consistent adherence of accounting standards, principles, policies and procedures.
• Other analyses and special projects as required by Management Team

Requirements

• Experience with full disclosure financial reporting and consolidation
• 3 years of experience in Financial Accounting
• University Degree or College degree in Accounting or Finance
• Effective attention to detail and a high degree of accuracy
• Proven track record of financial analytical skills
• Strong time management, organizational and problem-solving skills
• Good interpersonal and communication skills
• Self-starter with a willingness to learn and grow
• Strong system skills (Quickbooks, Yardi, Excel, Word,) required

How to Apply

If you would like to find out more about the role, please email Elan Van Wyck ([email protected]) with your resume and cover letter. 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.

Manager, Development Accounting
Toronto, ON
$90,000 – $100,000 (plus 15% bonus, long-term incentive plan, benefits and vacation)

Posted on September 20, 2021.

Our client is a growing real estate company looking for a Development Accounting Manager 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 Development Accounting Manager 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 Development Accounting Manager 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; with a professional accounting designation – CPA (CA or CMA)
• Minimum 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 Elan Van Wyck ([email protected]) with your resume and cover letter. 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.