Development Accountant Jobs

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TITLE

Development Accountant (12-month contract)

AVERAGE SALARY

$75,000

CASH BONUS RANGE

Up to 5%

THE PERKS

• CPA Dues Support
• 100% Health Benefits Coverage

LOCATION

Calgary, AB

THE OFFICE

In-Office

THE ROLE

Intermediate Accountant – the role will focus on development accounting responsibilities of the assigned projects which can vary in complexity.

· 100% Development Accounting

THE TASKS

Development Accounting

May include, but not be limited to, the following tasks:

• Assisting in the adherence to Canadian accounting standards, particularly as they relate to construction and development activities.
• Coordinating with cost consultants to obtain necessary approvals for construction loan draws, ensuring compliance with Canadian regulations and lender requirements.
• Participating in financial planning and strategy for future development projects, including engagement with cost consultants, lenders, and other stakeholders specific to the Canadian market.
• Managing financial accounting for development projects, tracking all project-related income, expenses, and construction loan draws.
• Collaborating with project managers and development teams to establish and monitor project budgets, including a detailed focus on construction costs.
• Preparing monthly financial reports and loan draw schedules, analyzing variances, and providing insights into the financial performance of development projects.
• Reconciling project-related accounts and ensuring the accuracy of construction cost recording, including the approval process with cost consultants.

THE COMPANY

Join the team at a progressive development firm that's making waves in the real estate industry. With a focus on innovative construction and a growing portfolio, for the company is seeking accountants ready to engage with the dynamic world of property development. Play a vital role in building communities and be part of their exciting expansion journey.

THE OPPORTUNITY

This is a 12-month contract opportunity with a strong possibility for conversion to permanent if the conditions are right. The team consists of a combination of long-time employees and newer additions to match the growth in business over the last few years. The team leaders are foundational to the team, offer great work-life balance, mentorship, and 10+ years of stability and experience building the company. Overall, an excellent contract opportunity to join a great company in the real estate development space.

THE EXPECTATIONS TIMELINE PREVIEW

By Month 1

• Work closely with the construction and finance team to ensure budgets and costs are up-to-date.
• Familiarize with the weekly cash flow snapshots and master loan schedules, understanding the levels of complexity in different projects.
• Begin managing development accounting responsibilities, focusing on accuracy and attention to detail.

By Month 3

• Monitor budgets and actuals with the finance and operations team.
• Adjust to the office schedule and develop a collaborative relationship with the team.
• Have an understanding of full-cycle accounting, including loan draw and capital calls, and actively contribute to it.
• Independently handle draws and cash calls, with minimal changes to email responses.

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

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