Development Accountant

QuadReal; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading real estate investment firm in Toronto seeks a Development Accountant responsible for managing financial operations of development projects. Candidates must have a CPA or equivalent experience, and at least 3-5 years in real estate accounting. Proficiency in Yardi Voyager and Excel is essential, along with strong analytical and interpersonal skills. This role offers the opportunity to contribute to significant projects within a dynamic environment.

Qualifications

• Professional accounting designation or equivalent development accounting experience required.
• Minimum 3-5 years of accounting experience in a development real estate environment.
• Strong analytical skills and attention to detail.

Responsibilities

• Handle all aspects of accounting for various development projects.
• Set up and maintain job costs in the accounting system.
• Prepare monthly financial reports and analysis.

Skills

Analytical skills

Interpersonal skills

Communication skills

Proficiency in Yardi Voyager

Proficiency in Excel

Education

Professional accounting designation (CPA)

3-5 years accounting experience in development real estate

Tools

Microsoft Office

Job description

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating, and development company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships, and through operating platforms in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

Development Accountant

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

Role Description

1. Handle all aspects of accounting for various development projects (rental, condos, office, retail, mixed use) with minimal supervision.
2. 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.
3. 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.
4. Ensure all invoices are properly coded into the accounting system; and development fees are properly calculated and paid in a timely manner.
5. Prepare loan draws and capital calls as required. Prepare financial reporting and draw requests where required for joint ventures and lenders.
6. Ensure real estate commissions are properly calculated, compliant with internal controls and industry regulations, and paid in a timely manner.
7. Prepare monthly financial reports and working paper files, providing timely and accurate analysis of financial results and operating metrics.
8. Prepare GST returns, tax compliance tasks, and costing and profit reporting for the assigned portfolio.
9. Assist in the design and implementation of internal controls related to development activity.
10. Work with property accounting to coordinate the transition of properties under development to income-producing status.

Experience and Qualifications:

• Professional accounting designation (CPA) or equivalent development accounting experience required.
• Minimum 3-5 years of accounting experience in a development real estate environment.
• Proficiency in software such as Yardi Voyager, Excel, and Microsoft Office.
• Proven experience understanding the development cycle.
• Strong analytical and interpersonal skills.
• Excellent communication skills.
• Experience in a large company environment and handling complex GL transactions, reconciliations, and deadlines.
• Strong work ethic: driven, motivated to succeed.

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Note to Recruiters: QuadReal does not accept unsolicited resumes from any source other than directly from candidates. Any unsolicited resumes sent to QuadReal, directly or indirectly, will be considered property of QuadReal. QuadReal will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must have a valid, written, and fully executed agency agreement contract to submit resumes.

QuadReal Property Group will provide reasonable accommodations at any time throughout the hiring process for applicants with disabilities or those needing job postings in an alternate format. If you require accommodation, please advise the Talent Acquisition team member you are working with and include the following: Job posting #, your name, and your preferred contact method.