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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