Job Description

Do you believe that a company's success depends on its people? Do you want to support a development pipeline of more than 2,000 housing units?

If so, ELM Developments is the place for you! ELM is nothing without the people who build, design, and support it. We are currently looking for an

Junior Financial Analyst (Development Accounting and Reporting)

to join our scaling organization.

At ELM, our legacy is in construction and value engineering. ELM has always been boots on the ground, doing whatever it takes and whenever it's required to get the job done. Our mission is to go deep on every single line item, on every single contract.

That level of meticulousness allows us to deliver rationale, stay accountable, and consistently answer the work. However, we have much more to accomplish for our customers, and we're looking for a culturally aligned individual to join our dynamic team located in Vaughan.

ROLE

Reporting to the Sr. Director, Accounting, the Junior Financial Analyst (Development Accounting and Reporting) will support the financial reporting team with financial analysis, monthly budgeting, development reporting, construction reporting, investor relations, lender reporting, and other tasks as required. This role requires strong analytical and organizational skills, attention to detail, and excellent communication skills to effectively collaborate with other members of the bookkeeping and project management teams.

This role is essential for supporting the company's growth and profitability by providing support to ELM Group's internal and external reporting team.

RESPONSIBILITIES

Ensuring underlying general ledger and accounting records are accurate and up-to date; review invoices for proper cost coding and cut-off Record routine journal entries for capital contributions/distributions, loan drawdown/repayment, depreciation, retained earnings allocations, and bank & interest Assistance with annual financial statement preparation & submission of year-end files to external accountants; assist in preparation of responses to queries from external accountants and record adjusting journal entries Assist with preparation of monthly construction draw, including reviewing internal documentation (invoices, contracts, etc.) and co-ordination with cost consultant, and confirmation of funding receipt to ensure timely payment of invoices Assist in cross-referencing monthly budget maintained by project management team with underlying data (i.e. contracts, invoices, change orders etc.) and raise any issues to manager for further liaison with construction team Preparation of monthly internal reporting (i.e. trial balance, WIP schedule, etc.) Assist in review of cash flow forecasts for development projects provided by project management team, to determine monthly funding requirements Assist in preparation of monthly project proforma, including forecasts for interest risk analysis, financing costs, and other soft costs Assist in preparation of master reporting (Letters of Credit, Equity, Loans, Guarantees) Assist in preparation of quarterly investor reporting, including development updates from projects team, development cost schedules, and financial statements Prepare and issue capital/cash calls in the investor portal, in line with monthly cash flow needs of projects; monitor receipt of funds and follow up on outstanding amounts Maintaining investor relations; update transactions, database and contact list in the investor portal and respond to any investor inquiries Co-ordinate and ensure timely submission of annual bank reporting deadlines Other ad hoc items as required

QUALIFICATIONS

Bachelor's degree in business, finance, accounting, or a related field Working experience in finance, accounting, or a related field, preferably within the real estate development and construction sector is an asset Strong interest with the construction and development industry, to understand project state and day-to-day transactions Strong analytical skills and ability to prepare reporting to meet both internal and external stakeholder needs Excellent communication and interpersonal skills, with the ability to work collaboratively with diverse teams and stakeholders Detail-oriented and able to manage multiple tasks and deadlines in a fast-paced environment Knowledge of and proven experience in Microsoft Office suite (Excel, Word, Outlook) Proficiency in using construction accounting software and tools is an asset (QuickBooks, Jonas Premier, Yardi, etc.)

BENEFITS AND SUPPORT

At ELM, we strive to provide our team members with the best possible support. Here is an overview of the current perks we offer:

Ongoing learning and development opportunities to help build the career you want and hit the goals you set, while ensuring you're reaching your fullest potential Two weeks of vacation in addition to public holidays Health, dental, and vision benefits A unique opportunity to build, grow and leave your impact on the historically significant and fast-growing industry of creating places to live, work and play To find your place within a small team of quality professionals passionate about improving, supporting each other and our partners, and caring about our customers Company events including bi-weekly Lunch & Learns, and Summer/Winter celebrations.
If you are a results-driven, self-motivated individual who thrives in a collaborative and fast-paced environment, we invite you to join our team at ELM. You will have the opportunity to make a meaningful difference, while working in an inclusive and supportive environment.

Thank you to all the applicants who have shown interest in this position. We appreciate the time and effort you have taken to apply.

We look forward to carefully reviewing every application we receive, however only the candidates who are being considered for further evaluation will be contacted.

ELM Development is an equal opportunity employer and encourages all qualified candidates to apply. In accordance with the Accessibility for Ontarians with Disabilities Act (AODA), we are committed to providing accommodations for people with disabilities to support their participation in all aspects of the recruitment and selection process.

Job Types: Full-time, Permanent

Pay: $45,000.00-$50,000.00 per year

Benefits:

Dental care Employee assistance program Extended health care Vision care
Schedule:

8 hour shift Monday to Friday
Education:

Bachelor's Degree (required)
Work Location: In person