Development Accountant

Vaco Recruiter Services; Toronto; On-site; CAD 39,000 - 51,000; Full time

Job summary

Vaco Recruiter Services is seeking an accounting professional to manage monthly, quarterly and annual duties for a portfolio of development projects from inception to completion. Responsibilities include monthly financial statements, PUD schedules, project setup in YARDI, bank reconciliations, HST/GST remittances, and cash draws.

You will consolidate results for third-party managed projects and support IFRS valuation with cost-to-complete and PUD/IPP value splits, while collaborating with

Qualifications

• 1-2 years working experience in real estate accounting.
• Post-secondary education in accounting or finance.
• Experience in preparing financial statements and working papers.
• Strong written and verbal communication with stakeholders.
• Proficient in Microsoft Office (Excel, Word, Outlook).

Responsibilities

• Complete monthly, quarterly and annual accounting duties for a portfolio of development projects.
• Prepare monthly financial statements and PUD schedules.
• Set up development projects in YARDI and perform bank reconciliations.
• Process construction draws/cash calls and reconcile project distributions.
• Consolidate monthly results for third-party managed projects.
• Collaborate with stakeholders on accounting matters and ad hoc analysis.

Skills

Real estate accounting

Excel

Communication skills

Attention to detail

Education

Accounting/Finance degree

Tools

Yardi

JD Edwards

Job description

About the Opportunity

• Complete monthly, quarterly, annual accounting duties of a portfolio of development projects from project inception to completions. Duties include (but not limited to):
• Monthly financial statements, PUD schedules
• Development project setup in YARDI
• Recurring bank reconciliations, HST/ GST remittances
• Process construction draws /cash calls, and record and reconcile project distributions/contributions
• Condominium sales and closings
• PUD to IPP transfer
• Consolidate monthly financial results for 3rd party managed projects

Financial Reporting:

• Prepare financial statements and reporting packages for co-ownership / joint venture projects
• Calculate cost to complete and PUD/IPP value splits for IFRS valuation purposes

Budget monitoring:

• Prepare project budget and reforecast of a portfolio of development projects
• Prepare monthly variance reporting and analysis of project budget vs. actuals

Others:

• Collaborate with business stakeholders and external parties on accounting matters and ad hoc analysis of development projects

About You

• 1-2 years working experience in real estate.
• Post-secondary education preferably in accounting or finance.
• Experience in preparing financial statements and accounting working papers.
• Highly organized, logical with strong attention to detail and excellent documentation practices.
• Excellent written and verbal communication skills with the ability to communicate accurate accounting results with financial and non- financial stakeholders.
• Strong analytical skills, critical thinking, problem solving skills with high level of attention to detail and accuracy.
• Excellent interpersonal skills, with the ability to effectively interact with team members.
• Experience using JD Edwards, Yardi and Hubble would be an asset.
• Proficient in Microsoft Office - Excel, Word, Outlook, etc.

Pay Range

$28 - $37 /hour

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity.