Development Accountant

Senior Development Accountant

Real Estate Development

Toronto (downtown)

$80,000 - $100,000

Our client is growing quickly and looking to add a new Senior Development Accountant to their team! If you have accounting experience within the real estate, construction or property management industry, read on!

Senior Development Accountant, About the role:

The Development Accountant will maintain and manage a portfolio of both commercial and residential properties under development across different entities within a Domestic portfolio. You will be fully proficient in understanding the technical and nontechnical aspects of Development (Construction) and Project Accounting.

Senior Development Accountant Responsibilities:

Handle all aspects of accounting for development projects with minimal supervision.

Set up and maintain projects in the accounting system’s job cost, including original and revised budgets, costs incurred, costs to complete, committed costs, and projected final costs.

Prepare loan draws and capital calls as required.

Prepare monthly financial reports; providing timely and accurate analysis of financial results and operating metrics.

Coordinate with development and finance to track and report projected cash needs for all projects, including those in the pre-construction phase.

Track holdbacks and holdback releases in accordance with provincial lien holdback legislation.

Monitor committed costs and projected final costs relative to changes in contracts and commitments.

Work with property accounting team to transition properties under development to income producing.

Have full involvement, responsibility, and accountability for the portfolio, which includes all monthly, annual, and other duties as detailed in the job responsibilities.

Senior Development Accountant, About the candidate:

Professional accounting designation or equivalent commercial real estate accounting experience required.

Minimum 3-5 years accounting experience in a development and construction accounting environment.

Specialized computer skills in a range of software including: Yardi, JD Edwards enterprise software and Microsoft Office.

Effective communication, written and verbal

Contribute to a positive work environment / culture

Why Apply

This is an amazing opportunity to be a part of a new and growing organization early in its' inception and grow with them! There is a fun, positive culture within the office and those with an entrepreneurial mindset will flourish here!