Ref ID : 05090-0012444965
Classification : Sr. Accountant
Compensation : $45.00 to $55.00 hourly
Our Downtown client, a massive player in the full-service real estate space, is looking to hire a Senior Development Accountant for their well-established and still growing team.
The Senior Development Accountant will be responsible for :
- Handling all aspects of accounting for development projects with minimal supervision.
- Maintaining job cost chart of accounts in Yardi.
- Set up and maintain projects in Yardi job cost, including original and revised budgets, costs incurred, costs to complete, committed costs, and projected final costs.
- Liaise and work closely with the western development teams, including attending project status meetings and providing financial updates.
- Prepare loan draws and capital calls as required. Prepare financial reporting and draw requests were required for joint ventures and lenders.
- Prepare monthly financial reports; providing timely and accurate analysis of financial results and operating metrics.
- Assist in the preparation of Project Status Reports.
- Coordinate with development and finance to track and report projected cash needs for all projects, including those in the pre-construction phase.
- Prepare costing and profit reporting for individual residential unit sales if applicable
- Prepare development budgets utilizing the latest job cost reports, including the timing of cash outflows.
- Track holdbacks and holdback releases in accordance with provincial lien holdback legislation.
- Work with property accounting to coordinate the transition of income-producing properties to properties under development.
- Assist in updating and maintaining the Development Accounting Policies and Procedures Manual.
- Assist in the design and implementation of internal controls related to development activity.
- Provide accurate and timely financial information as required internally by management and other departments, and externally to the client.
- Have full involvement, responsibility, and accountability for the portfolio, which includes all monthly, annual, and other duties as detailed in the job responsibilities.
- Complete all job functions relating to assigned properties accurately, efficiently, and by the assigned deadlines.
- Add value by providing accurate and timely financial information that helps the development team better manage projects and budgets, make timely decisions, provide meaningful financial reports, and monitor cash flows.
Job Requirements :
The ideal Senior Development Accountant will have 3+ years of hands-on Development Accounting and have experience liaising and working with the Development team and Finance / Corporate Accounting.
Experience with proformas and Yardi are assets but not requisite. Intermediate / Advanced level MS Excel skills and ERP experience are necessary as are excellent written and verbal communication skills.
If you are looking for growth and this sounds like the position for you, please apply today!
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