Development Accountant

Morgan McKinley; Toronto; On-site; CAD 65,000 - 90,000; Full time

Job summary

Morgan McKinley is seeking a Development Accountant in Toronto to join a growing accounting team focused on real estate development projects. You will manage day-to-day accounting for development entities and oversee project financials, cash flow, and reporting.

Ideal candidates have 3+ years of full-cycle accounting, a background in real estate, and strong Excel skills. CPA is a plus. This is an in-office, full-time role based in North Toronto.

Qualifications

• 3+ years of full-cycle accounting experience.
• Background in real estate, property accounting, development accounting, or related environment.
• Strong understanding of general accounting principles and financial reporting.
• Experience with multiple entities, including joint ventures or partnerships.
• Exposure to cash flow forecasting, budgeting, or project financial analysis.
• Strong Excel skills with large financial data sets.
• Excellent attention to detail with ability to see the bigger picture.
• Strong organizational skills and ability to juggle priorities.
• Proactive, analytical approach to problem-solving.
• Strong communication with internal and external stakeholders.
• Bachelor's degree in Accounting, Finance, Business, or related field.
• CPA designation or progress toward CPA is an asset.
• Experience with real estate accounting software is an asset.

Responsibilities

• Manage day-to-day accounting for a portfolio of development entities.
• Prepare journal entries, reconciliations, account analysis, and monthly financial reporting.
• Oversee A/R and A/P activity, including invoice review, coding, and vendor-related matters.
• Review project costs and allocations to ensure accuracy and proper support.
• Reconcile intercompany balances and project-related accounts.
• Maintain organized supporting documentation for financial transactions.
• Assist with year-end, audit, tax, and other compliance requirements.
• Monitor project cash flow and funding requirements.
• Prepare and maintain cash flow forecasts.
• Assist with project funding draws and lender-related reporting.
• Monitor financing activity, including loans and letters of credit.
• Support cash calls, distributions, and equity reconciliations.
• Track financial activity related to development milestones.

Skills

3+ years full-cycle accounting

Strong Excel skills

Communication skills

Analytical mindset

Education

Bachelor's degree in Accounting, Finance, Business, or related

CPA designation or progress toward CPA

Tools

Real estate accounting software

Job description

Development Accountant

Full-Time | Permanent

Location: Toronto, ON (North Toronto | In Office)

A well-established real estate organization is looking to add a Development Accountant to its growing accounting team. This is an opportunity to join a collaborative and entrepreneurial environment and work closely with senior finance leadership across a diverse portfolio of real estate development projects.

The successful candidate will have a strong accounting foundation along with experience in either development or property accounting. This role offers broad exposure beyond traditional month-end accounting, with involvement in project financials, cash flow, financing, joint ventures, and the ongoing accounting requirements associated with land development.

This would be a strong opportunity for an accounting professional who enjoys taking ownership, working through complex financial information, and understanding how accounting decisions connect to the broader business.

The Opportunity

• Join an established organization with a significant presence in the real estate sector
• Work directly with senior members of the accounting and finance team
• Take ownership of accounting activities across a portfolio of development entities
• Gain exposure to the financial side of land development projects from acquisition through to sales and closing activity
• Work with joint ventures, partnerships, lenders, and other external stakeholders
• Develop broader experience across project accounting, cash flow, financing, and financial reporting
• Work in a fast-paced environment where initiative and independent problem-solving are valued
• Competitive compensation and benefits package
• Full-time, permanent position based in North Toronto

Key Responsibilities

Development & Project Accounting

• Manage day-to-day accounting for a portfolio of development entities
• Prepare journal entries, reconciliations, account analysis, and monthly financial reporting
• Oversee A/R and A/P activity, including invoice review, coding, and vendor-related matters
• Review project costs and allocations to ensure financial information is accurate and properly supported
• Reconcile intercompany balances and other project-related accounts
• Maintain organized supporting documentation for financial transactions
• Assist with year-end, audit, tax, and other compliance requirements

Project Finance & Cash Flow

• Monitor project cash flow and funding requirements
• Prepare and maintain cash flow forecasts
• Assist with project funding draws and lender-related reporting
• Monitor financing activity, including loans and letters of credit
• Support cash calls, distributions, and equity-related reconciliations
• Track financial activity associated with development milestones, including land transactions and closings

Reporting & Analysis

• Prepare financial information and reporting for internal and external stakeholders
• Analyze project and entity-level financial information and investigate variances or discrepancies
• Identify potential accounting issues and work toward practical solutions
• Support budgeting, forecasting, and financial analysis
• Provide financial insight to assist with project and business decisions
• Participate in ad hoc analysis and projects as required

What We're Looking For

• 3+ years of full-cycle accounting experience
• Background in real estate, property accounting, development accounting, or a closely related environment
• Strong understanding of general accounting principles and financial reporting
• Experience working with multiple entities, ideally including joint ventures or partnerships
• Exposure to cash flow forecasting, budgeting, or project financial analysis
• Strong Excel skills and confidence working with large amounts of financial data
• Excellent attention to detail with the ability to understand the bigger picture
• Strong organizational skills and the ability to manage multiple priorities
• A proactive, analytical approach to problem-solving
• Strong communication skills and the ability to work effectively with both internal and external stakeholders
• Bachelor's degree in Accounting, Finance, Business, or a related discipline
• CPA designation or progress toward the CPA is an asset
• Experience with real estate accounting software is an asset

The Ideal Candidate

This role would suit an accounting professional who wants to build deeper expertise within real estate development and take on a position with meaningful exposure to the financial side of projects.

You should be comfortable owning your accounting responsibilities while also looking beyond the numbers to understand what is driving them. The team is looking for someone who is curious, commercially minded, and comfortable taking initiative rather than simply working through a checklist.

If you have a strong foundation in property or development accounting and are interested in gaining broader exposure to project finance, cash flow, and real estate development, this could be an excellent next step in your career.

Compensation & Benefits

A competitive compensation package will be offered based on experience and qualifications, along with a comprehensive benefits package and additional employee benefits.

This is a full-time, permanent opportunity based in North Toronto.