Development Accountant

RioCan Real Estate Investment Trust; Toronto; On-site; CAD 42,000 - 110,000; Full time

Job summary

A leading real estate investment trust is seeking a Development Accountant in Toronto, Ontario. This role involves managing development accounting analysis, budgeting for projects, and ensuring accurate financial reporting. Candidates should have at least 3 years of relevant experience and proficiency in accounting tools like Yardi and Excel. This position offers a collaborative work environment with opportunities for professional growth.

Benefits

Flexible hours

Education reimbursement

Health and dental benefits

Retirement programs

Paid time off

Qualifications

• Minimum 3 years of Development Accounting experience or equivalent.
• Experience dealing with Residential projects.

Responsibilities

• Input, update, and track Development, Construction, and Renovation budgets.
• Monitor and reconcile project variances.
• Prepare working paper files for submission to auditors.

Skills

Detailed financial analysis

Identify deficiencies and errors

Logical reasoning

Verbal and written communication

Organizational skills

Analytical skills

Education

College Diploma or Certificate in Finance or Accounting

Tools

Yardi

Hubble

Argus

Word

Excel

Outlook

Job description

Join to apply for the Development Accountant role at RioCan Real Estate Investment Trust

Who We Are

RioCan is one of Canada's largest Real Estate Investment Trusts (REIT). We own, manage, and develop retail-focused, increasingly mixed-use properties in Canada's major markets. We pioneered the REIT concept over 30 years ago and have transformed Canadian real estate.

We are proud to be recognized as one of Canada's Greenest Employers and a Greater Toronto's Top Employer. At RioCan, you can build a career with real impact and longevity. You get the stability and resources of an established company and the entrepreneurial and collaborative spirit of a start-up. Life at RioCan is dynamic and fast-paced. We know that great ideas can come from anywhere, and we empower our people to suggest and implement them. We value different voices and perspectives and appreciate that the unique backgrounds and identities we each bring to our jobs make the whole business stronger.

Position Overview

Reporting to the Manager, Development Accounting, this position is responsible for Development Accounting analysis, Construction / Development project cash flows, budgeting, re-forecasting, and all job cost / procurement input, and reporting.

Responsibilities

• Yardi Business Unit Set-up for Development, CapEx, and Tenant Construction projects
• Input, update, and track Development, Construction, and Renovation budgets
• Support the Development department in Pro-Forma preparation, budgeting, and reforecasting
• Collaborate with the Development department in the preparation of monthly / quarterly variance reporting. Monitor and reconcile project variances (Budget, purchase orders, cost to date) to ensure financial reporting requirements are met
• Development Cash-flow update
• Enter Accounting and Procurement Ledger Journal Entries
• Calculate cost to complete and PUD / IPP value splits for IFRS valuation purposes
• Monthly Bank reconciliations
• Monthly HST filing
• Prepare working paper files for submission to internal and external auditors
• Other duties / projects as assigned.

Qualifications

• Ability to understand detailed financials and contractual information
• Ability to identify deficiencies, errors, and misrepresentations in financial reporting
• Ability to apply logic and reasoning when analyzing development projects
• College Diploma or Certificate in Finance or Accounting
• Minimum 3 years of Development Accounting experience or equivalent
• Experience with Residential
• Proven verbal and written communication skills
• Proven organizational and analytical skills
• Experience using Yardi, Hubble, and Argus
• Proficient in Word, Intermediate Excel, and Outlook

Salary range: $0 - $0 a year

Why join RioCan?

We Believe In Rewarding You For What You Do And Investing In Your Career And Long-term Success. Our Total Rewards And Perquisites Program Is Designed To Fit And Enrich Your Life Physically, Emotionally, Financially, And Socially. We Offer Eligible Employees:

• Work / Life Balance with flexible hours, RioCan Cares Day, and half days before long weekends
• Professional Growth including education reimbursement, mentorship, online learning, and cross-training
• Health and Benefits including health/dental, healthcare spending, assistance programs, and virtual healthcare
• Retirement programs with matching contributions, pension, and employee unit purchase plan
• Additional perks like paid time off, parental leave top-up, discounts, referral and recognition programs, community involvement

We are committed to diversity and inclusion. RioCan welcomes applications from all candidates and provides accommodations for disabilities. For assistance, please contact us.

Visit www.riocan.com and follow us on LinkedIn for more information.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function

Accounting / Auditing and Finance

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