Development Accountant

Toronto, ON, Canada

Job Description


Development Accountant
Real Estate Development
Toronto (downtown)
$80,000 - $100,000Our client is growing quickly and looking to add a new Development Accountant to their team! If you have accounting experience within the real estate, construction or property management industry, read on!!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.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.
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!

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Job Detail

  • Job Id
    JD2298581
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    $80000 - 100000 per year
  • Employment Status
    Permanent
  • Job Location
    Toronto, ON, Canada
  • Education
    Not mentioned