Financial Accountant

Vaco by Highspring; Toronto; On-site; CAD 65,000 - 95,000; Full time

Job summary

Vaco by Highspring seeks an experienced accounting professional to support a portfolio of entities and projects in Canada. You will perform full-cycle accounting activities, including A/R, A/P, journal entries, trial balance review, and cost allocations, across real estate ventures.

Responsibilities include reconciliations, vendor inquiries, and preparing monthly financial reporting for internal and external stakeholders, with a focus on cash flow forecasting and project funding analysis.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, or a related field.
• Progress toward a professional accounting designation is considered an asset.
• 3+ years of experience in full-cycle accounting, ideally within real estate, property, development, or a related environment.
• Experience working with joint ventures, partnerships, or other shared business arrangements.
• Strong understanding of accounting concepts, with the ability to identify discrepancies, assess financial impacts, and make sound business decisions.
• Experience with cash flow analysis, forecasting, and budgeting.
• Strong organizational skills with the ability to manage multiple priorities, deadlines, and projects simultaneously.
• Excellent written and verbal communication skills, with the ability to work effectively across various levels and functions.
• Advanced proficiency in Microsoft Office, particularly Excel.
• Experience with real estate or property accounting software is considered an asset.

Responsibilities

• Prepare and review monthly bank and loan reconciliations, including related interest calculations.
• Perform full-cycle accounting activities, including A/R, A/P, invoice coding, journal entries, trial balance review, account reconciliations, job costing, and cost allocations.
• Support the management of accounts payable activities, including invoice processing, vendor inquiries, and issue resolution.
• Track and reconcile property/project transactions related to closings and other development milestones.
• Maintain and reconcile letters of credit and other financial instruments, including setup, adjustments, and cancellations.
• Reconcile intercompany accounts and investigate discrepancies.
• Prepare monthly financial and management reporting for internal and external stakeholders.
• Monitor project cash flow, including preparing forecasts, funding requests, and analysis of financing and financial instrument utilization.
• Prepare cash calls, distributions, and equity reconciliations.
• Assist with various accounting, reporting, and financial analysis projects as required.

Skills

Full-cycle accounting

Real estate accounting

Joint ventures

A/R A/P

Forecasting

Budgeting

Excel

Intercompany

Communication

Education

Bachelor's degree in Accounting/Finance

Tools

Real estate accounting software

Accounting software

Microsoft Excel

Job description

The successful candidate will support the accounting and financial management of an assigned portfolio of entities and projects, including:

• Prepare and review monthly bank and loan reconciliations, including related interest calculations.
• Perform full-cycle accounting activities, including A/R, A/P, invoice coding, journal entries, trial balance review, account reconciliations, job costing, and cost allocations.
• Support the management of accounts payable activities, including invoice processing, vendor inquiries, and issue resolution.
• Track and reconcile property/project transactions related to closings and other development milestones.
• Maintain and reconcile letters of credit and other financial instruments, including setup, adjustments, and cancellations.
• Reconcile intercompany accounts and investigate discrepancies.
• Prepare monthly financial and management reporting for internal and external stakeholders.
• Monitor project cash flow, including preparing forecasts, funding requests, and analysis of financing and financial instrument utilization.
• Prepare cash calls, distributions, and equity reconciliations.
• Assist with various accounting, reporting, and financial analysis projects as required.

About You

• Bachelor's degree in Accounting, Finance, Business, or a related field.
• Progress toward a professional accounting designation is considered an asset.
• 3+ years of experience in full-cycle accounting, ideally within real estate, property, development, or a related environment.
• Experience working with joint ventures, partnerships, or other shared business arrangements.
• Strong understanding of accounting concepts, with the ability to identify discrepancies, assess financial impacts, and make sound business decisions.
• Experience with cash flow analysis, forecasting, and budgeting.
• Strong organizational skills with the ability to manage multiple priorities, deadlines, and projects simultaneously.
• Excellent written and verbal communication skills, with the ability to work effectively across various levels and functions.
• Advanced proficiency in Microsoft Office, particularly Excel.
• Experience with real estate or property accounting software is considered an asset.

Salary ranges will be disclosed where required by law. The individual may also be eligible for discretionary bonuses and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan (or similar retirement benefits).