Description:
They are seeking a Development Accountant to take on a "cradle-to-grave" project-focused role within their North York office.
This role is designed for an experienced accounting professional who is ready to move beyond traditional property management into the analytical and dynamic world of land development. Reporting to the Directors of Land Development Accounting, you will manage a diverse portfolio of approximately 15-25 entities, overseeing projects from pre-development through to post-construction.
Key Responsibilities
- Project Accounting: Lead the "cradle-to-grave" full-cycle accounting for a portfolio of land and holding companies (approx. 75% of the role is focused on Job Costing).
- Job Costing & Analysis: Maintain daily records and monthly reporting in accordance with GAAP, ensuring accuracy in cost allocations and trial balance reviews.
- Cash Flow & Funding: Monitor and manage project cash flow, including the preparation of forecasts and processing of progress funding draws and loan utilization.
- Lot Discharges & Closings: Track and reconcile house closings and lot discharges to ensure accurate financial recognition of project milestones.
- Treasury & L/C Management: Handle complex bank and loan reconciliations and manage the lifecycle of Letters of Credit (setup, reductions, and cancellations).
- Partnership Support: Provide underlying data and reporting for multi-tiered Joint Ventures and partnership structures to support cash calls and distributions.
- Compliance & Remittances: Manage intercompany reconciliations and assist with HST returns, filings, and audit preparation.
- Process Oversight: Maintain complete supporting documentation for all financial transactions and identify opportunities to streamline project reporting.
Requirements
- Degree or Diploma in Accounting, Business, or a related field.
- 3+ years of experience specifically within Development or Property Accounting.
- Technical Knowledge: Proven understanding of Joint Venture (JV) arrangements and complex partnership structures.
- Systems: Intermediate to Advanced Excel skills are essential; experience with Newstar is a significant asset.
- Communication: Excellent written and oral communication skills to interact across various functional areas of the company.
- Asset: Completion of (or active enrollment in) the CPA Professional Education Program (PEP).
Why This Role
- Professional Mentorship: Join a robust team structure (including Senior Managers and Directors) that actively supports your professional development.
- CPA Support: Company-reimbursed CPA dues and exposure to complex development accounting that satisfies PEP requirements.
- Stability: Join a highly respected developer with a 60-year history and a reputation for high performer retention.
- Competitive Rewards: Competitive base salary, discretionary annual bonus, free on-site parking, and employer-paid benefits (post-probation).