Senior Development Accountant

  • Full Time
  • Toronto

Website QuadReal Property Group

Excellence lives here.

Based in Toronto, the Senior Development Accountant at QuadReal Property Group is to maintain and document the financial status of commercial, residential and land under development.  The successful Senior Development Accountant will take full ownership of assigned development properties, projects and tasks and should be fully proficient in both the technical and non-technical requirements of development accounting.

 As a Senior Development Accountant, You Will:   

  • 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.
  • Liaise and work closely with the development teams, including attending project status meetings and providing financial updates, such as cash needs for all projects, including those in the pre-construction phase.
  • Ensure all invoices are properly coded into the accounting system; and development fees are properly calculated and paid in a timely manner.
  • Prepare loan draws and capital calls as required. Prepare financial reporting and draw requests where required for joint ventures and lenders.
  • Ensure real estate commissions are properly calculated, compliant with internal controls and industry regulations and are paid in a timely manner.
  • Prepare monthly financial reports; providing timely and accurate analysis of financial results and operating metrics.
  • Prepare GST returns, tax compliance tasks and costing and profit reporting and recording for individual residential unit sales.
  • Assist in the design and implementation of internal controls related to development activity.
  • Work with property accounting to co-ordinate transition of properties under development to income producing.

 Your Background:   

  • Professional accounting designation (CPA) or equivalent development accounting experience required.
  • Minimum 3-5 years accounting experience in a development real estate environment.
  • Specialized in computer skills in a range of software including: Yardi Voyager, Excel and Microsoft Office.
  • Proven experience in understanding Development and Development cycle.
  • Strong analytical and interpersonal skills.

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