Senior Financial Accountant

Calgary, AB, Canada

Job Description


Gracorp is an experienced real estate developer that has evolved from a nearly century-old, established construction company, the Graham Group. We are passionate about transforming spaces and communities.
As a subsidiary of Graham Group, a dynamic construction solutions provider with a history of success dating back to 1926, Gracorp partners with a variety of landowners, developers and investment firms to deliver real estate investment opportunities to the marketplace, including, retail, hospitality and industrial to mixed use multi-family residential projects.
About the Role

Reporting to the Managing Director, Real Estate Finance, the Senior Financial Accountant is responsible for providing all aspects of accounting and financial support Gracorp Properties LP and Gracorp Capital Advisors Ltd. (collectively, \xe2\x80\x9cGracorp\xe2\x80\x9d) and all the funds and projects managed by Gracorp. The incumbent is responsible for implementing and maintaining accounting processes and controls in accordance with company policies and procedures, and ensuring the delivery of clear, accurate, consistent, and relevant financial information on a timely basis.
As a Senior Financial Account at Gracorp, you will:


  • Lead general transactional accounting processes, reconciliations, and month/quarter/year-end procedures.
  • Review and understand contractual (Limited Partnership Agreements, Declaration of Trusts, loan agreements etc.) terms and conditions in relation to project reporting requirements, performance measurement, and compliance.
  • Examine and review project cost reports and identify and communicate any cost overruns / anomalies.
  • Prepare financial statements and note disclosures.
  • Create schedules to support tax returns/slips (corporate, trust, and limited partnership) and ensure compliance with deadlines.
  • Actively support embedding financial competency and acumen into the business.
  • Ensure progress billings are complete, accurate, timely, and in accordance with contracts.
  • Oversee cash distribution calculations, including estimating taxable income amounts and calculating non- resident withholding taxes.
  • Oversee accounts receivable reports and collections, resolutions of disputes, and timely collection of outstanding balances.
  • Support the reconciliation, clean-up, and analysis of key balance sheet items and resolution of issues.
  • Contribute to the ongoing development of standards, systems, and processes.
  • Ensure adherence to company policies, procedures and relevant accounting standards (IFRS, ASPE, US GAAP)
  • Ensure adherence to government regulations and tax compliance.
  • Support internal and external audits and ensure compliance.
  • Consolidate and analyze monthly cash flow forecasts and consults with Development Vice-Presidents as required.
  • Coordinate and manage progress draws on project level loan advances under construction loan facilities and cash calls to equity partners.
  • Contribute to treasury management of equity financings.
  • Ensure consistent, accurate, relevant, and timely management reporting.
  • Provide quarterly P&L variance analysis for Gracorp and its funds and projects.
  • Oversee management reporting, budgeting, and forecasting for limited partnership Projects as required.

If this sounds like you, then Graham may be the right fit. Apply today.

Gracorp is an Equal Opportunity Employer, and employment selection decisions are based on merit, qualifications, and abilities. Gracorp does not discriminate in employment opportunities or practices on the basis of race, color, religion, gender, national origin, age, sexual orientation, gender identity, disability, veteran status or any other characteristic protected by country, regional or local law.
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Job Detail

  • Job Id
    JD2160487
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Calgary, AB, Canada
  • Education
    Not mentioned