Financial Accountant

Outhire Inc.; Toronto; On-site; CAD 60,000 - 75,000; Full time

Job summary

Join a leading real estate developer as a Development Accountant in Toronto. This dynamic role involves managing project finances, overseeing bank draws, and ensuring compliance with construction budgets. You'll work alongside industry veterans, gaining hands-on experience and a clear path for career advancement.

Benefits

Up to 3 weeks PTO

Professional Development Support

Qualifications

• 3 years of full-cycle accounting experience.
• Ideally coming from a construction or construction related industry.
• Project accounting experience an asset.

Responsibilities

• Manage monthly bank draws and coordinate with external stakeholders.
• Oversee daily cash management and banking activities.
• Maintain and finalize construction budgets for assigned portfolio.

Skills

Full-cycle accounting experience

Intermediate Excel

Job description

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This range is provided by Outhire Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

CA$60,000.00 / yr - CA$75,000.00 / yr

Direct message the job poster from Outhire Inc.

Recruiter @ Outhire Inc. | Accounting & Finance Recruitment

Delivering a Better Hiring Experience.

At Outhire, we believe in revolutionizing the hiring process to make it more equitable and enjoyable for everyone involved. Our innovative approach puts candidates front and center, offering in-depth looks at open positions, personalized advice, and interview preparation. But we don't stop there - our Visual Resume feature ensures that hiring managers see the complete picture of who you are and what you bring to the table while eliminating biases you may face with traditional hiring practices. With Outhire, you can trust that we'll work tirelessly to match you with the role that truly fits your skills, experience, and aspirations. Join us in our mission to create a better hiring experience.

TITLE

SALARY RANGE

60,000 - $75,000

CASH BONUS

Discretionary

THE PERKS

• Up to 3 weeks PTO
• Professional Development Support

LOCATION

Toronto, ON

THE OFFICE

In-Office

TEAM SIZE

15+ Person Team

THE ROLE

A dynamic development accountant role handling complex real estate projects, overseeing project bank draws, vendor payments and construction budgets while partnering with stakeholders to drive financial excellence.

• Development Accounting (100%)

THE TASKS

Development Accounting

• Manage monthly bank draws and coordinate with external stakeholders (banks, cost consultants, project managers)
• Oversee daily cash management and banking activities including reconciliations
• Maintain and finalize construction budgets for assigned portfolio
• Track and reconcile sales schedules, including deposits and purchase agreements
• Process and verify closing documentation and funds
• Manage Tarion registration and compliance
• Monitor and reconcile upgrade / incentive programs
• Prepare and maintain sales journals and related documentation
• Coordinate with lawyers on statements of adjustments and closing matters
• Handle HST reporting and compliance

THE COMPANY

A prominent developer in the real estate industry, this company is renowned for its innovative urban projects that focus on sustainability and community enhancement.

THE OPPORTUNITY

Join a leading real estate developer as a Development Accountant managing project finances, bank draws, and construction budgets. This growth-oriented role offers a clear promotion path while working alongside industry veterans who will mentor you in real estate development accounting. You'll gain hands-on experience in development accounting while building a lasting career in Toronto's real estate sector.

THE EXPECTATIONS TIMELINE PREVIEW

By Month 1

• Learned development project accounting processes with focus on year-end audit preparation, financial statements, and reconciliations
• Mastered sales schedule maintenance including tracking mortgage confirms, deposits, and purchase / sale agreements
• Began learning bank draw processes and documentation requirements

By Month 3

• Achieved proficiency in construction budget setup, maintenance, and finalization for assigned portfolio
• Established working relationships with cost consultants, project managers, and banks for efficient draw processes
• Began handling Tarion registrations and statement of adjustments

By Month 6

• Took full ownership of development accounting process including intercompany reconciliations
• Managed complete sales cycle including upgrades, incentives, and deposit tracking
• Mastered monthly bank reconciliations and cash management procedures

By Month 12

• Independently prepared year-end audit files and handled auditor queries
• Mastered bank draw preparation and coordination with all stakeholders
• Managed complete portfolio of development projects while providing cross-coverage support

THE SKILL SET

• 3 years of full-cycle accounting experience
• Ideally coming from a construction or construction related industry
• Project accounting experience an asset
• Intermediate Excel

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

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Seniority level

Seniority level

Associate

Employment type

Employment type

Full-time

Job function

Job function

Accounting / Auditing

Real Estate, Construction, and Community Development and Urban Planning

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Financial Accountant • Toronto, ON, Canada