Finance

General Accountant

Concord, Ontario (Onsite – 5 days per week in office) 

$50k – $55k base salary plus great benefits

Posted on September 29, 2022.

Our client is a real estate company based in Concord. They are looking for a general accountant to join their team on a full time basis. This position offers an excellent opportunity to work in a company that offers lots of growth and learning potential with a good work-life balance and a positive, team-oriented culture.

Duties and responsibilities include:

• Post daily deposits that include house, upgrades extras, legal fees earned, intercompany transactions, HST refunds, and others
• Prepare monthly bank reconciliations
• Prepare monthly HST calculation and NETFILE
• Prepare deposit reconciliation for active projects
• Process closing journal entries reconciled by project accountants
• Update property tax bill spreadsheets for AP department that are to be recorded at the lot level
• Process realty tax refunds from home purchasers
• Assist with CRA related correspondence and HST reviews and audits
• Organizing files related to project expenditures, financing, and others
• Support other accounting duties as needed

Skills and Experiences:

• 1-3 years of experience
• A degree in accounting/commerce or a good accounting education
• Great communication skills and attitude

If you’re interested, please send your resume to laikyn@winchesters.ca

Responsibilities:

• Ensure that effective accounting and financial control practices and procedures are in place and that they are consistent with best industry practices and generally accepted corporate accounting and financial control policies and procedures.
• Support and manage the continuous improvement of business and financial accounting processes and related controls and provide recommendations for procedural improvements. 
• Act as a technical accounting expert, support the day-to-day needs of the operational team, and perform all operational accounting functions. 
• Analyze and present meaningful financial information to senior management, as required. 
• Assist with preparing and maintaining project job costing budgets, project budget vs. actual cost monitoring, and project funding.
• File tax returns and handle all tax-related matters for all entities.  Cooperate with senior management, and all external accountants, tax planning consultants and government agencies in the preparation of monthly and annual financial statements.
• Assist in managing the short- and long-term cash management and cash flow projections, in conjunction with senior management and various banking institutions.  
• Attend meetings with clients and/or senior management and present financial reports/ information as required.
• Perform general contract management including insuring that all contracts and agreements are fully complete and correct prior to execution.
• Administer and implement processes and procedures to ensure compliance with the Construction Act, including Prompt Payment Legislation.  
• Ensure all accounting records are accurate, current and prepared in compliance with corporate policies and GAAP.
• Perform the accounting functions for all entities including accounts payable, accounts receivable, vendor and trade partner payment processing, bank reconciliations, and credit card processing.
• Assist senior management in performing senior level accounting functions such as revenue accounting, general ledger, financial statement preparation and analysis, management information preparation, budgeting, forecasting and planning.
• Assist in maintaining all accounting records and complete the required accounting functions including remittances for government or other controlling bodies such as but not limited to T4, HST, Source Deductions, WSIB, EHT, Union reports and payments etc.
• Analyze and ensure the accurate collection, preparation and integrity of accounting/financial data including invoices, billings, and vendor contracts.
• Issue Notices of Non-Payment, Notices of Partial-Payment, Notice of Incomplete Invoice, Notice of Rejection of Invoice, all in accordance with the requirements of Prompt Payment Legislation. 
• Produce and manage purchase orders, change orders, contract reconciliation, and trade and supplier payments.  Monitor and report contract statutory holdbacks, maintenance and deficiency holdbacks to mitigate financial exposure to trades and suppliers.
• Process employee payroll timesheets, tracking employee vacation entitlements, and tracking employee expense reports, gas mileage, etc. 
• Manage and report on all property operating costs, together with the required payment recovery and payment to any trades and suppliers.
• Assist in managing, monitoring, reporting and maintaining the required financial records for all residential new sales, statement of adjustments, closing documents, deposits, extras to contract, upgrade and décor charges, sales commissions, revenues and profits.
• Communicate with vendors and trade partners effectively and in a timely fashion. 
• Manage all filing of accounting department including contracts, invoices, payments, close out documents, etc. 
• And/or any other duties or responsibilities as may be assigned by the Employer.

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 laikyn@winchesters.ca 

Vice President of Finance and Accounting
Toronto Ontario or Oakville, Ontario (on-site)
$180,000-$190,000 Base Plus 20 -25% Bonus, excellent Benefits and Vacation  

Our client is a growing Real Estate development company with offices in Oakville and downtown Toronto, Ontario. They are looking for an experienced Vice President of Finance andAccounting, from a real estate development backround to join the small and growing team.

The Director of Finance and Accounting will report directly to the CFO and will direct all finance, accounting and reporting for all real estate development projects by working with the executive and project team, joint ventures, financiers, consultants, government agencies and other stakeholders. This position is a very unique role giving the successful candidate the opportunity to work with a top-tier development company that puts their investors first and plans to expand dramatically in the next five years. You would be in charge of hiring a brand-new team to support you while working with an excellent VP of Development and Construction. If you have real estate development accounting experience, apply now.

Responsibilities:

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

 Requirements:

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

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

Manager, FP&A
Toronto, ON – 3 days per week in the office  downtown
$110,000 – $120,000 Base Plus %15 Bonus and Excellent Benefits

About the Job:

Our client provides distribution of products with a headquarters in Toronto and they looking for a Finance Manager of FP&A to join the team on a full-time basis. This position offers an excellent opportunity to play a key strategic role within the finance department and to play the lead support role for the Wholesale Team.

The successful candidate will need a strong background in accounting/finance, preferably with a CPG company or expertise in working closely with Sales and Marketing departments. You will also manage a team of analysts and senior analysts.

If you have the necessary finance background with the desire to join a dedicated and inviting environment, this could be an exciting opportunity for you.

Responsibilities:

• Working with Sales to analyze operating spend forecasts for specific customer accounts
• Meet with Key Account Managers on a monthly basis to review monthly and YTD results, also balance of year
• Monitor process to assess new changes while supporting Key Account Managers
• Oversee opportunities to provide optimization of profitability by working closely with Revenue Management
• Provide analysis of forecast of customer spend to financial leadership
• Lead and provide financial leadership to Sales Team
• Provide support for customer negotiations
• Oversee and support cross functional projects
• Manage trade spend liability accounts
• Handle issuance of credits against customer accounts
• Manage and lead 3 direct reports and 2 indirect reports
• Managing the efficiency of the team to appropriately complete tasks

Requirements:

• CPA designation
• 5-10 years of financial experience, preferably with CPG company or working with Sales/Marketing departments
• Strong leadership skills
• Impeccable communication and relationship building skills – both written and verbal
• Experience and a broad knowledge with financial practices
• Strong PowerPoint, Excel, financial modelling and system 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, please apply on our website or by sending your resume to elan@winchesters.ca

Financial Controller

Downtown Toronto, ON (hybrid)

$100,000-$120,000 base plus discretionary bonus, full health and dental benefits and great time off

Our architecture and engineering client is a leading Canadian studio based in Toronto with a reputation that is worldwide. The firm is recognized for design excellence across a broad range of building types. The company is a leading proponent of sustainable design innovation and is continuously one of Canada’s top employers.

We are seeking an energetic and enthusiastic individual to join their Accounting and Finance team as the new Financial Controller. This is an excellent role that will involve the candidate in various aspects of the finance related activities. The ideal candidate will have excellent verbal and written communication skills, very good organizational skills, and be able to multi-task in a busy office. This is a full-time position. Working hours are from Monday to Friday, 9:00 a.m. – 6:00 p.m. with summer hours and holiday closure.

Key responsibilities:

• Full financial responsibility for month-end, quarter-end and year-end financial reporting
• Preparation of monthly financial reporting package for Canada and the US
• Financial planning including annual budgeting, forecasting and variance analysis
• Tax and statutory Compliance and Filings
• Revenue recognition for all active projects
• Oversee and develop best practices for AP, AR and GL functions
• Manage and mentor accounting staff
• Annual audit
• Process improvement and establish adequate internal controls

Required background:

• A degree in accounting – (Advanced degree or accounting license preferred)
• CPA designation required
• Minimum seven years of professional accounting experience required
• Advance excel and computer skills
• BST10 experience is an asset
• Requires expert knowledge of local statutory financial reporting and local taxes
• Some experience in working with multi-currency, multi-entity organizations
• Ability to excel in a team environment and have the confidence to manage people effectively
• Excellent communication and interpersonal skills
• “Hands On” work style

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

Director of Finance
Downtown Toronto, ON – Hybrid
$140,000 – $150,000 Plus Bonus and Excellent Benefits

About The Job:

Our client is an excellent project-based business that is in growth mode. The company has excellent leadership in place and will look to continue its growth over the next couple of years. The Director of Finance will report to the CFO and will manage a small accounting team. The plan is to eventually have the Controller move up to CFO when that individual retires.

This role will focus on performing day-to-day head office accounting, US operational/financial accounting, payroll, and help with financial planning and analysis for the global operations. Key to success with this role will be mentoring, training and managing the accounting team.

Responsibilities:

• Full financial responsibility for the multiple offices in North America with the CFO
• Preparation of monthly financial reporting package locally and to the international parent including operational statistics
• Financial planning including annual budgeting, forecasting and analysis
• Tax and statutory Compliance and Filings
• Act as financial advisor to the Senior Management team in developing and implementing business strategies
• Assist in fee quotes and budgeting project costs
• Manage a team of financial and administrative staff
• Banking and cash-flow management
• Annual audit lead
• Internal controls and policies/procedures

Requirements:

• Post-secondary education with a specialty in accounting
• Designation or working towards a CPA designation is an asset
• Minimum of 8 years’ experience in a similar role in professional services – ideally design, architecture, engineering, or a billable environment
• Exposure to IFRS
• Requires expert knowledge of local statutory financial reporting and local taxation
• Hands-on leader who can roll up one’s sleeves versus just leading from the top
• Highly driven, committed, organized and flexible with the ability to meet challenging deadlines and multiple priorities
• Self-motivated with excellent attention to detail.

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

Project Accountant 

Toronto, Ontario (4 days in office)

This small, but rapidly growing Toronto condo developer is looking to expand their operations, with a new and exciting construction division within the company. Being one of Canadas most respected real estate company, this is an excellent opportunity for those with the skills and characteristics to fill this role.

Requirements: 

• Process all paperwork on purchases activity with vendors including  matching invoices to POs, posting items in the account systems, and extend/ input invoices’
• Communicate with accountant and operations teams to ensure that job costs an budgets are in order
• Responsible for reconciliation tasks
• Process and manage cheque deadlines
• Maintain age reports and accounts receivable
• Efficiently evaluate payables and receivables
• Various other projects and tasks may be required as assigned

Qualifications:

• Minimum of 1-2 years of experience in project accounting
• Strong problem solving skills
• Great communications skills (both written and oral)
• Excellent attention to detail
• Efficiency in Microsoft Excel

How to Apply

We would like to thank all applicants for your interest in working as part of the team. Only those applicants selected to move forward in the recruitment process will be contacted. If you’re interested, email your resume to laikyn@winchesters.ca

Commercial Property Accountant

Etobicoke, Ontario, Canada

$70,000 and $85,000 plus benefits and 3 weeks vacation

Posted on June 10, 2022.

This organization is a real estate development and management company. They are landlord for a number of interesting commercial properties. They are looking for a driven individual to join their team as a Commercial Property Accountant.

The Commercial Property Accountant will work to ensure that all tenant/client matters are dealt with to the highest level of service. The role requires previous property accounting experience, ideally with commercial properties but not mandatory. The role will offer the successful candidate the opportunity to work on a number of interesting responsibilities like financial preparation, CAM and property tax recoveries, and dealing with all accounting/financial matters.

Responsibilities

• Manage financial categories in relation to account invoicing, maintenance contract negotiation and preparation
• Handle financial records and ledgers for commercial/retail properties
• Preparation of financial statements (monthly and annually) for the reviewing by senior management
• Work closely to ensure effective accounting/financial controls and procedures are being followed
• Oversee all accounting categories including A/P, A/R, revenue, accounting, general ledger, financial statement preparation and analysis, information preparation, budgeting, forecasting and planning for commercial/retail properties
• Oversee the full compliance of GAAP and ASPE policies and practices being maintained
• Work with senior management and consultants to improve financial controls
• Develop annual operating budgets
• Manage cash flow and keep senior management fully informed with operational results
• Preparation of letters for tenants, consultants, clients and senior management
• Oversee purchase and sale related agreements to new or prospective commercial/retail properties
• Manage seller/purchaser obligations to ensure compliance
• Other ad hoc duties

Requirements:

• Some experience in property accounting would be nice
• Minimum 2 years of property accounting experience
• Superior oral and written communication and interpersonal skills
• Ability to effectively work in a group setting and independently
• Excellent analytical skills

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 Associate – Real Estate Development Investments

Toronto, ON – in-office

$125,000-$140,000 base plus $100,000 bonus and excellent benefits

Our client is a well-established real estate PE firm looking to hire a Senior Associate of Development Investments. This is an excellent role for a an real estate professional who has a strong financial modelling skillset and has participated in underwriting new investment opportunities to acquire land and development residential assets. The client would like an individual who has experience with development projects from acquisition to completion of the development or disposition, taking a proactive role to manage risk and maximize returns. As a senior associate you would be in charge of between 5 and 7 active investments.

Growth and earning potential is unmatched with this company, apply now to find out more.

Responsibilities:

• Participate in underwriting new investment opportunities to acquire land and develop residential assets
• Create the pro forma, assist the VP in coordinating all underwriting and acquisition activities, prepare the Investment Committee memo, present to the Investment Committee and prepare all necessary investor presentations, investment offering documents and legal agreements
• Oversee the execution of development plans for active development projects from acquisition to completion of the development or disposition taking a proactive and “hands-on” approach to managing risk and maximizing returns on all projects
• 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 on time and on budget.
• Review, critically assess and prepare project cash flows and pro forma financial projections
• Regularly evaluate market conditions to identify changes that give rise to opportunities to either further maximize returns or mitigate risk.
• Prepare advanced financial analyses to assist senior management in the evaluation of various real estate decisions at different stages throughout real estate development cycle.
• Conduct budget-to-actual variance analysis for existing projects; ongoing budget management; in-depth understanding of costs incurred vs. cost to complete. Creating cash flow models, sensitivity tables, rent roll analyses, joint venture waterfall models, and other financial analyses required to evaluate and pursue acquisition opportunities.
• Review and critically analyze progress draw reports.
• Perform an active and critical role in the construction financing stage of each project.
• Maintain project files and follow-up on all necessary correspondence and communications.
• Prepare and present updated financial projections and executive reports to the executive team.
• Support and mentor junior team members.

Requirements:

• Must have a minimum of four years of relevant real estate development experience
• Minimum of a bachelor’s degree in business / finance, economics, engineering or related field.
• A strong understanding of the full lifecycle of development from acquisition to approvals, unit sales, financing, construction, home closings and disbursements.
• Experience conducting financial analysis for development projects using advanced models in MS-Excel.
• Strong understanding of and ability to interpret, analyze and challenge project budgets and pro formas (experience analyzing financial statements is an asset).
• Experience developing and maintaining budgets, project pro formas, cash flow projections and financial reports.

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

Senior Project Accountant (18-month contract)

Mississauga, ON (Hybrid- 3 days in office)

$77,000-$85,000 salary + health/ dental and 3 weeks vacation

Our client is a highly accomplished residential builder/ developer based in Mississauga with extensive experience throughout Canada and the US.

Looking for a temporary Senior Project Accountant to play a pivotal role in overseeing accounting, taxation, cash flow, and reporting for assigned projects. Collaborating closely with an Accounts Payable Administrator dedicated to their projects, the Senior Project Accountant ensures accuracy and compliance.

This role is a fixed-term contract lasting 18 months, and is set to begin in October 2023. The business operates a hybrid work environment with 3 days per week in-office. 

Responsibilities:

• Compiling annual and interim financial statements
• Creating budgets and generating monthly/quarterly cash flow statements
• Crafting monthly investor reports for all assigned projects
• Managing external and government audit requirements for allocated projects
• Reconciling project-related accounts
• Balancing and recording Statement of Adjustments and unit closings
• Reviewing and preparing GST/HST returns, as well as establishing new HST accounts
• Posting accounting entries like bank deposits, HST filings, bank reconciliations, distributions, etc.
• Participating in regular meetings with site and project teams to monitor project changes and progress
• Cultivating and implementing best practices within the team

Requirements: 

• Exceptional interpersonal skills and a collaborative mindset
• Meticulous attention to detail
• Experience thriving in a high-volume, deadline-oriented environment
• Adaptability and the ability to prioritize in the face of shifting demands
• A genuine dedication to delivering exceptional customer service

Key qualifications/skills:

• A university degree and an accounting designation (CPA/ in the process would be considered an asset)
• 5+ years relevant experience in Accounting
• Asset: Background in real estate and construction industries
• Proficiency in Microsoft Office, particularly Excel
• Outstanding interpersonal and communication aptitude, along with high emotional intelligence
• Strong teamwork skills
• Robust technical and analytical capabilities

How to Apply?

If you are interested in learning more about this exciting opportunity, please send your resume to eric@winchesters.ca. Due to the high volume of applications, only those chosen for the interview will be contacted.