Development Accountant (6-Month Contract)

RioCan; Toronto; On-site; CAD 64,000 - 88,000; Full time

Benefits offered by this job

Health benefits

Retirement plan

Work-life balance

Growth opportunities

Employee perks

Job summary

RioCan is seeking a Development Accountant to own full-cycle accounting for our development portfolio. You will handle monthly/yearly statements, project setups in YARDI, bank reconciliations, cash draws, and IPP/PUD transfers, while partnering with construction teams to deliver accurate financial reporting and budget monitoring.

The role requires 1–2 years in real estate accounting, a post-secondary degree in accounting or finance, and strong communication and analytical skills.

Qualifications

• 1–2 years of real estate accounting experience is required.
• Post-secondary education in accounting or finance preferred.
• Experience preparing financial statements and accounting working papers.
• Highly organized with excellent documentation practices.
• Excellent written and verbal communication with stakeholders.
• Strong analytical and problem-solving skills.
• Experience with JD Edwards, Yardi and Hubble is an asset.
• Proficient in Microsoft Office (Excel, Word, Outlook).

Responsibilities

• Handle monthly, quarterly, and annual accounting for a portfolio of development projects.
• Set up development projects in YARDI and manage bank reconciliations and cash draws.
• Prepare financial statements and reporting packages for projects and joint ventures.
• Perform budget monitoring, variance analysis, and cost-to-complete calculations.
• Collaborate with development and construction teams on accounting matters and ad hoc analyses.
• Assist with PUD/IPP transfers and consolidations for third-party managed projects.

Skills

Real estate accounting

Financial reporting

Analytical skills

Communication skills

Attention to detail

Team collaboration

Education

Accounting or Finance degree

Tools

Yardi

JD Edwards

Hubble

Excel

Word

Outlook

Job description

Who We Are

For over 30 years, our entrepreneurial mindset and strategic vision have fueled our growth into one of Canada’s largest and most successful REITs. Our retail-focused and mixed-use portfolio reflects our commitment to creating vibrant community spaces where people want to shop, live, work, and play. We take pride in our strong legacy while continuously adapting, innovating, and investing in the future. We’re proud to be recognized as one of Canada’s Most Admired Corporate Cultures, Canada’s Greenest Employers, Canada’s Best Diversity Employers, and a Greater Toronto Top Employer.

At RioCan, we believe our people are our greatest strength. We foster a welcoming, inclusive culture where employees can connect authentically, grow continuously, and bring their whole selves to work. Here, you’ll find opportunities to learn, lead, and make an impact every day.

POSITION OVERVIEW:

Reporting to the Development Accounting Manager, this position is responsible for the full cycle accounting duties of the properties under development. This role will be an integral part of the Development Accounting team and is a key business partner to the development and construction group to deliver project level accounting, financial reporting, and budget monitoring for all development projects.

RESPONSIBILITIES:

Project Level Accounting:

• 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

• 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.

$64,000 - $88,000 a year

The base salary range for this role reflects compensation for candidates atvarying levels of experience and proficiency. The salary will be determined based on the successful candidate’s relevant competencies, including skills, experience, education, and our teams’ requirements.

This posting is for an existing vacancy within our organization.

Why join RioCan?

We believe in rewarding you for what you do and investing in your career and long-term success. Our total rewards program is designed to help you thrive in every aspect of your life: physically, emotionally, financially, and socially. Here’s what we offer:

An Extensive Health and Benefits Program that includes health and dental benefits starting on day one, healthcare and wellness/lifestyle spending accounts, access to an employee family and assistance program, virtual healthcare services, and other resources to support your overall well-being.

A Comprehensive Retirement Program to help prepare you for your future. This includes matching employee contributions in a retirement savings plan, pension plan,

and an employee unit purchase plan.

Work/Life Balance that prioritizes you. Enjoy 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 opportunities to advance your skills and grow your career through our continuing education reimbursement, mentorship and leadership development programs, on-demand online learning, and cross-functional training opportunities.

Additional Perks and Benefits that include paid time off, parental leave top-up, employee discounts, referral and recognition programs, and year-round opportunities to connect through community initiatives, committees, and social events.

If you share RioCan’s values and a passion for real estate, we want to hear from you.

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.