Development Accounting Analyst

Krissilas Group; Toronto; Hybrid; CAD 85,000 - 110,000; Full time

Job summary

Krissilas Group in Downtown Toronto is seeking a Development Property Accountant for a 6-month contract to lead financial management for a portfolio of mixed-use development projects.

Responsibilities include development accounting, budgeting, construction draws, funding packages and equity calls, reconciliations, cash flow forecasts and detailed reporting across departments, validating data and ensuring IFRS compliance.

Qualifications

• University degree in Accounting, Business, Finance or Economics.
• CPA designation is preferred.
• 5+ years in accounting with at least 3 years in real estate development/construction exposure.
• Strong financial analysis including NPV/IRR, cash flows and profitability.

Responsibilities

• Development accounting for a portfolio of mixed-use projects.
• Budgeting and construction draws.
• Funding packages and equity cash calls.
• Reconciliations and cash flow forecasts.
• Detailed project reporting for cross-functional partners.
• Map third-party-managed projects into accounts and conduct monthly audits.
• Identify data discrepancies and ensure compliance with accounting policies and JV protocols.

Skills

Financial analysis

Cross-functional communication

Joint ventures

Advanced Excel

IFRS

Education

University degree in Accounting, Business, Finance, Economics

CPA Designation preferred

Tools

Excel (Advanced)

Yardi Voyager

Job description

Development Property Accountant - 6-month contract

Our client is a global industry leader. They are looking for a Development Accounting Analyst who specializes in financial management for real estate development/construction projects. You will be responsible for development accounting, budgeting, construction draws, funding packages and equity cash call requests, various reconciliations, cash flow forecasts, and detailed project reporting for a portfolio of mixed-use projects. This role will maintain and prepare reports for distribution to various departments and business partners, map new and existing third-party managed projects into the accounts, conduct monthly audits, and identify data discrepancies to rectify issues and ensure compliance with accounting policies and joint venture protocols.

• University degree in any of the fields: Accounting, Business, Finance, Economics
• CPA Designation is preferred
• 5+ years of work experience in accounting, with a minimum of 3 years of direct real estate mixed-use development, property management and construction industry exposure
• Very good understanding of financial analysis, NPV, IRR, cash flows and profit return analysis related to real estate development & redevelopment projects
• Working experience with IFRS and financial reporting
• Working experience in communicating with all cross-functional organization teams
• Working experience with project/s in a joint ventures business environment
• Excellent proficiency in advanced Excel required (this includes, but is not limited to, H-lookup, V-lookup, macros, pivot tables); excellent proficiency in Yardi Voyager an asset

Hybrid role - 4 days in the office

Location: Downtown Toronto

Salary is based on experience