Finance

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.

Manager, Financial Planning and Analysis
Toronto, ON 
$90,000 – $100,000 (plus 10-15% bonus, benefits and vacation)

Posted on August 27, 2021.

Our client is a growing real estate company looking for a FP&A Manager to join their Toronto team. This is a new position, offering someone who has either been working in development accounting or financial planning and analysis, the opportunity to carve out a new position in the company. 

The FP&A Manager will focus on project budgeting, planning, and dealing with internal/external stakeholders to ensure information 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 FP&A Manager will enjoy being a part of a progressive, world-class work environment. 

Responsibilities

• Oversee and coordinate processes to prepare consolidated project level budgets, business plans while collaborating with the various project delivery groups to ensure reliable budgets and forecasts 
• Drive insightful analysis and financial viability through modelling and scenario analysis to enable strategic and operational decision-making
• Financial planning, including monthly/quarterly forecasts and variance analysis, update project budgets on key achieving key project milestones in conjunction with the project delivery groups 
• Work closely with the Project Finance Controller to update/manage the underwritten proforma for projects under development and assist in creating/implementing change management strategies that maximize employee adoption and usage and minimize resistance 
• Analyze project financials and margins during the development & construction stage, identify risks and trends of project budgets aligned to product delivery scope and milestones 
• Prepare project cash flow models encompassing actual performance till date and forecast to complete rolling up to portfolio level performance
• From time to time support the full-cycle accounting processes for the projects under management and ensure statutory compliance  
• Maintain constructive relationships with external partners, and liaise with external cost consultants and lenders
• Review cash activity such as capital calls, loan-drawdowns, distributions and cash reconciliations 
• Monitor industry best-practices, market trends, emerging processes and technologies, sharing these learnings internally  
• Actively encourage inter- and cross-functional collaboration, workflows, and effectiveness 
• Mentor and lead colleagues, and deepen the personal understanding of the company’s strategy, and help colleagues do the same on an ongoing basis 

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.

Property Accounting Manager
Toronto, Ontario
$90,000-$100,000 base plus bonus

Posted on January 31, 2022.

Our client is a large property management company in Toronto 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 Director 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

• Provide management, mentoring and coaching to direct reports, empowering individuals to make decisions and be accountable for their actions
• Responsible for team annual activities such as property budgets, final operating cost recovery adjustments, annual property taxes, and property audits
• Planning and completion of annual and monthly activities including annual budgets, annual audits, annual operating cost recovery adjustments, annual property taxes, monthly cut-off schedules, and monthly reporting
• Responsible for the team’s timely completion of property accounting activities including month-end, quarter-end, year-end, operating cost audits, recoveries, budgets, and forecasts
• Liaise with property management, asset management, and other stakeholders and functional groups to ensure the team is delivering top-tier service as well as provide assistance and advice as required
• Work with internal and external auditors on operational and SOX control reviews and audits as well as audit working papers, financial statement audits, and operating cost audits for tenants
• Help prepare final operating statements, distributions, tax reconciliation, bank accounts, and other acquisition and disposition related activities
• Act as the subject matter expert for the property accounting group
• Review and approve financial accounting working papers
• Deliver service excellence to all clients, customers, and team members

Requirements

• Professional accounting designation (CPA) is required or nearly finished
• 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

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 Analyst – Finance, Real Estate Development
Toronto, Ontario
$90,000-$100,000 base plus bonus and great benefits

Posted on January 19, 2022.

With this company being one of the fastest growing real estate companies in the Greater Toronto Area you will get experience and insight into the multifaceted operations and execution of high-profile real estate development projects. The Senior Analyst will primarily be focused on building and maintaining project proformas for Development and Construction projects in addition to analyzing and facilitating the origination of loan arrangements.

Responsibilities:

• Prepare various financial analyses as they relate to calculating project margins in order to maximize IRR’s
• Prepare internal analysis for the executive team to review project decisions and value creation opportunities
• Analyze monthly financial and management reports and compare with approved business plans and budgets/proformas
• Create and modify models in line with evolving project performance and variance analysis relative to anchor proformas
• Participate in project level discussions and meetings to expand knowledge base and support the decision-making process
• Conduct ad hoc analyses of the financial impacts of proposed changes to the project plans
• Investor Reporting – Analyze and report on financial and management reports for various investment partners on a quarterly and semi-annual basis as applicable

Requirements:

• Must have at least two (2) or more years’ experience in financial / development analysis in real estate
• Completed a university degree
• Advanced level of skill working in Excel, specifically building flexible, robust and user-friendly financial models
• Possess excellent communication (both written and verbal) and presentation skills
• Have strong process management/improvement skills with a mindset for continuous improvement
• Have ability to manage your time, with strong organizational skills and ability to prioritize tasks within a demanding environment

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.

Director of Finance
Markham, Ontario
$130,000-$140,000 base plus bonus, excellent benefits and vacation

Posted on January 18, 2022.

Our client is a growing Real Estate company in Markham, ON. They are looking for an experienced Accounting coming from real estate development to join the small but growing team. This position will support the current CFO and will ultimately move up to lead a significant portion of the business. As it stands now, the position will be very hands-on sole contribution role.

Reporting to the CFO, the Director of Finance will be responsible for oversight of all finance, accounting and analysis for a portfolio of real estate assets. Working with the Corporate Controller, the Director will aid in all corporate accounting, including yearly reviews and tax planning, and reporting for certain legal entities, assist with financings for new and existing assets and be a key liaison with lenders. Responsibilities will also include due diligence for acquisitions and help with pro-forma modeling, sensitivity analysis along with purchase and divestiture analysis. You will also lead development and project accounting for certain key projects, including monthly draw process. The role will provide significant exposure to senior executives and help chart the strategic growth for the organization.

Responsibilities:

• Prepare financial statements with notes in accordance with accounting standards on a monthly/quarterly/semi-annual/annual basis as per company requirements.
• Perform cash flow analysis on an individual entity and portfolio basis Perform monthly analysis of hospitality portfolio, including benchmarking
• Assist in the preparation of detailed year end working paper files for audit or review purposes.
• Manage and prepare all lender reporting along with internal debt schedules
• Assist with new and existing financings including review, drafting and negotiations of credit agreements and working with legal counsel
• Produce portfolio metrics looking for opportunities for improvement of margins
• Manage banking relationships and assist with wire transfers and cash management
• Assist in preparing budgets and forecast as required
• Assist in reviewing due diligence materials, review of asset purchase & sale agreements for the acquisition of hospitality and real estate assets.
• Develop acquisition pro-formas and perform sensitivity analysis.
• Lead project accounting and monthly draw process for key projects
• Work with tax consultants and CFO for tax review and planning for entities
• Additional duties and responsibilities as required

Requirements:

• Education level – University degree,
• Experience – Minimum 5 years’ experience, preferable in real estate
• Exposure to financing; due diligence; acquisitions/divestitures, project accounting and corporate tax an asset
• Specific skills – Strong computer skills, specifically in Excel with strong proficiency developing pro-formas and financial modeling.
• Personal characteristics – strong communication skills, detailed orientated, logical thinker, ability to present numbers
• Certifications – CPA certification, CFA – preferred
• Physical abilities – Must be able to sit and concentrate for long periods of time

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 Accountant
Toronto, Ontario (hybrid)
$65,000-$85,000 base plus full benefits, bonus, 4-5 weeks of vacation, and great company culture

Posted on January 11, 2022.

Our client is an established and respected real estate organization located in downtown Toronto, ON.

Our client is looking for a Senior Accountant to join the team. In this role you will report to an experienced VP Finance who believes in treating people with respect and giving lots of autonomy. The position will handle the financial accounting for a number of different companies in this organization. Individuals who have experience doing the accounting for private family business will be given preference – ideally individuals who have dealt with complex holding and trust company set-ups and doing the working papers, reviews and variance analysis for all of these, including partnerships.

As the Senior Accountant you will be given the opportunity to do full-cycle financial 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. As we are currently dealing with year-end, whoever gets this role will be expected to come in and with little hand-holding grasp the financials for the year-end.

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.

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

Posted on January 11, 2022.

The company is a full integrated real estate company. They are currently accepting applications for the role of Accounts Payable Specialist for the corporate office located near Yonge and St. Clair. 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 Specialist 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

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 Accountant
Ancaster, ON – In office
$75,000-$100,000 base plus full benefits, bonus, 3 weeks of vacation, and great company culture

Posted on January 11, 2022.

Our client is an established and respected non-profit organization located in Ancaster, Ontario. We are looking to find a strong Senior Accountant to join this small, positive and unique accounting department. We are looking for someone who has their CPA completed or is pursuing it and has experience with well-rounded accounting duties. Excellent hands-on training will be provided, but with at least several years of experience in accounting, you will be able to pick up the work fairly quickly.

This organization has a notoriously low turnover rate with a high level of ethics and respect within the company. Individuals who take pride in their work and can work well in a team will fit in perfectly.

As the Senior Accountant you will be given the opportunity to do full-cycle financial accounting for a number of different companies with multiple partners involved. One key selling feature is that it is expected in 5-7 years that this individual will take over as Finance Director, when the incumbent retires. If you’re looking for a place with unique non-profit accounting work, some investment work as well as great work life balance, look no further!

Responsibilities:

• Reconciliation of all corporate bank accounts
• Prepare monthly accounting and investment journal entries
• Responsible for the timely and accurate completion of the trial balance and all site financial statements
• Responsible for the preparation and upkeep of monthly corporate supporting schedules
• Responsible for monthly investment reports for all investments, including social impact investments
• Responsible for investment withdrawal requests and new investments, ensures proper corporate authorization
• Authorize bank wires and transfers as well as payroll transfers and payments for all payroll accounts
• Responsible for the corporate account analysis of balance sheet, income, and expense accounts for financial statement backup
• Prepare corporate working papers, records, and draft statements for the Auditors
• Help prepare the T3010 Charities Return
• Involved in the annual operating and capital budgets
• Responsible for credit card applications and tracking
• Responsible for annual reporting with the Provinces and Territories
• Responsible for sharing of data at Finance and Investment zoom meetings
• Responsible for minutes of Investment meetings
• Responsible for review of investment invoices to ensure proper fees paid
• Responsible for quarterly packages for investment meetings
• Responsible for calculation of quarterly investment asset mix reports
• Responsible for preparation of investment income and expense budgets
• Ensure all investment management agreements, contracts and account documentation is up to date

Requirements:

• CPA designation or pursuing it
• 5-10 years of experience in accounting
• Ideally some experience within the non-profit sector, but it is not mandatory
• Effective attention to detail and a high degree of accuracy
• 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 (EXCEL, accounting software, tax software, zoom, teams, etc.)

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 Accountant
Toronto, Ontario
$70,000-$80,000 base plus bonus, 3 weeks of vacation and benefits

Posted on January 11, 2022.

Our client is a growing company with their head office in midtown Toronto, Ontario, Canada. The Finance Director is looking for a Senior Accountant to come with experience in full cycle accounting. This is a great position for someone looking for a stable company that has a lovely progressive work environment. You would be responsible for an array of duties like month-end, draw process, working papers and reporting, some analysis and occasional budgeting.

Responsibilities:

• Prepare year-end financial packages and liaise with external auditor
• Prepare bank and credit card reconciliations
• Reconcile intercompany accounts
• Verify and approve statement of adjustments, prepare and post interim occupancy closing and final closing entries
• Prepare Construction Draw Package
• Review and process all commission invoices
• Review and process all trade invoices
• Track budget changes and perform budget updates on a monthly basis
• Prepare monthly HST filing
• Keep track of all sales and purchaser deposits, reconcile with lawyer’s trust report monthly

Requirements:

• Post-secondary education with a specialty in Accounting, Business or Finance
• CPA designation is an asset or pursuing
• Deep understanding of Accounting Standards for Private Enterprises (ASPE)
• Minimum of 3 years of experience in a similar role or public accounting firm focused on real estate development 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.