Development Accountant

Allied Properties REIT; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading company in real estate is seeking a Development Accountant to join their Finance and Accounting team. The role involves financial analysis, reporting, and supporting development projects. Ideal candidates will have strong financial modeling skills and a collaborative work style.

Qualifications

• Minimum of two years of professional experience.
• Strong financial modeling and variance analysis skills.

Responsibilities

• Support the development/construction team in all financial matters.
• Prepare quarterly development disclosure information for MD&A.
• Review proformas prepared by Construction/Development Managers.

Skills

Financial Modeling

Variance Analysis

Interpersonal Skills

Teamwork

Organization

Education

Bachelor's Degree

Pursuing CPA

Pursuing CFA

Tools

Excel

Word

Outlook

Job description

Allied is looking for a Development Accountant to join our Finance and Accounting team. At Allied, everything starts with purpose. In the role of Development Accountant, you will focus on reporting, forecasting, and financial analysis for current and future development projects, including maintaining schedules for external reporting disclosures. This position supports the construction and development teams in reviewing proformas for development projects and assists the finance team with annual budgets, liquidity forecasting, and capital approvals.

What will you do?

1. Support the development/construction team in all financial matters.
2. Prepare quarterly development disclosure information for MD&A.
3. Review proformas prepared by Construction/Development Managers for current, future, and potential acquisition projects, validating formulas, sensitivities, and reasonability of inputs.
4. Collaborate with development and construction teams to ensure project proformas are updated and accurate.
5. Work with joint venture partners to ensure accurate reporting for internal and external purposes.
6. Review monthly and annual cash flow forecasts for development projects.
7. Prepare funding requests and reconcile costs for joint-venture projects.
8. Analyze cash flows for liquidity reporting, reforecasting, and budgeting.
9. Review budgets and cash flows regularly.
10. Communicate with the Development team on project budgets, costs, and progress.
11. Support accrual processes for development projects.
12. Prepare leasing schedules for external reporting.
13. Assist with calculation of development fees per agreements.
14. Maintain organized project accounting files.
15. Maintain the schedule of potential intensification areas.
16. Validate amounts in quarterly external disclosures.
17. Coordinate with Capital Committee on capital requests and approvals.
18. Support property valuations as needed.
19. Perform other duties as required.

What are we looking for?

• Bachelor’s degree or equivalent; pursuing CPA, CFA, or similar is an asset.
• Minimum of two years of professional experience.
• Strong interpersonal skills and relationship-building ability.
• Team-oriented and collaborative work style.
• Strong financial modeling and variance analysis skills.
• Proficiency in Excel, Word, and Outlook.
• Ability to work under pressure, manage multiple priorities, and stay organized.