Development Accountant (12 Month Contract)

Medium; Toronto; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A major Canadian Real Estate Trust is seeking a Development Accounting Analyst in Toronto. You will manage cash flows, budgeting, and project cost input. The ideal candidate has a background in finance or accounting with at least 3 years of relevant experience, particularly in residential development. This role offers competitive benefits, a hybrid work model, and opportunities for professional growth.

Benefits

Hybrid work model

Continuing education reimbursement

Health and dental benefits

Matching contributions in retirement plan

Paid time off and parental leave top-up

Qualifications

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

Responsibilities

• Set up Yardi for Development, CapEx, and Tenant Construction projects.
• Update and track Development, Construction, and Renovation budgets.
• Collaborate on monthly/quarterly variance reporting.
• Prepare working paper files for auditors.

Skills

Understanding detailed financials and contractual information

Identifying deficiencies in financial reporting

Applying logic in project analysis

Verbal and written communication skills

Organizational and analytical skills

Education

College Diploma or Certificate in Finance or Accounting

Tools

Yardi

Hubble

Argus

Word

Excel

Outlook

Job description

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

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 that prioritizes YOU. Enjoy a hybrid work model with flexible work hours, an extra‑long weekend with our RioCan Cares Day, and half days before every long weekend in the summer.
• Professional Growth and Development that includes a continuing education reimbursement, a mentorship and leadership development program, on‑demand online learning, and cross‑training opportunities.
• An Extensive Health and Benefits Program that includes health and dental benefits for you and your family starting on day one, a healthcare spending account, an employee family and assistance program, virtual healthcare, and other resources.
• A Comprehensive Retirement Program to help prepare our employees for the future. This includes matching employee contributions in a retirement savings plan, pension plan, and an employee unit purchase plan.
• Additional Perks and Benefits that include paid time off, parental leave top‑up, various employee discounts, employee referral and recognition programs, and opportunities to participate in community initiatives, committees, and social events throughout the year.

We are committed to creating a diverse and inclusive work environment where all employees are valued, included, and empowered to do their best work and bring great ideas. People are at the core of who we are, and we respect that they have taken all paths to get here. RioCan welcomes applications from all candidates and is committed to providing accommodations for people with disabilities. If you require accommodation at any stage of the application process, please let us know, and we will be happy to work with you to meet your needs.

You can visit us at www.riocan.com and follow us on LinkedIn to learn more about who we are and what a career at RioCan can look like for you.