Senior Manager Project Accounting

Manager, Development Accounting

Toronto, ON - 3 days per week in-office

$105,000 - $150,000 (plus 15% bonus, pension, benefits and lots of time off)

Our client is a growing real estate company looking for a Senior 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 large company.

The Senior 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 downtown Toronto office.

Our client offers a competitive compensation package with excellent benefits and personal/sick days off. As an industry leader in real estate, the Senior Development Accounting Manager will enjoy being a part of a progressive, world-class work environment.

Responsibilities:

• 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
• Play a key role in supporting the budget process and managing cash flows for the various development projects, and will work closely with the construction, development, and finance teams
• Oversee all aspects of accounting and reporting for a portfolio of assets being developed
• Manage equity draws for project ownership entities, partnerships, and joint ventures consistent with their respective legal structuring
• Produce and continuously analyze cash flow projections for projects from conception to closing
• Prepare quarterly reports on projects with financial statements to be distributed to investors and partners and financiers
• 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
• Manage the monthly construction draw process with the project cost consultant and construction lender
• Direct, monitor and manage invoice payables of projects while reconciling with the contracts to ensure accurate and consistent procedure and payment

Qualifications:

• Strong critical thinking skills with good attention to detail
• Strong working knowledge of accounting principles, practices and their application in real estate
• Bachelor’s degree
• Strong skills and experience with Excel (i.e. modelling, data analysis, presentation)
• Excellent team player with the ability to work independently
• Minimum 5 years of relevant work experience in the real estate development industry

How to Apply

If you would like to find out more about the role, please apply now or visit our website to apply. 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.