Development Accountant

Development Accountant 

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

Role Description  

• Handle all aspects of accounting for various development projects (rental, condos, office, retail, mixed use) with minimal supervision.
• Set up and maintain QR- managed 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.
• 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 and working paper files, providing timely and accurate analysis of financial results and operating metrics.
• Prepare GST returns, tax compliance tasks and costing and profit reporting for assigned portfolio
  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.

Experience and Qualifications:

• Pursuing professional accounting designation (CPA) or equivalent development accounting experience required.
• Minimum 1-2 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.
• Excellent Communication skills
• Large company experience and/or experience handling complex GL transactions, reconciliations, and competing deadlines
• Excellent work ethics: driven, motivated to succeed.