Manager, Development Accounting

Choice Properties; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading real estate investment trust in Toronto seeks a Manager, Development Accounting to oversee accounting and reporting for various development projects. This role involves collaborating with key stakeholders to ensure accurate financial reporting and effective accounting procedures. Candidates should have at least 4 years of full cycle accounting experience, a CPA designation, and strong leadership abilities. Offering a dynamic work environment focused on growth and continuous development.

Qualifications

• Minimum 4 years of full cycle accounting experience, including at least 1 to 2 years in a managerial capacity.
• Strong knowledge/experience with job cost and construction accounting practices.
• Ability to adapt to new challenges in a fast-paced environment.

Responsibilities

• Oversee monthly and quarterly development accounting and reporting for multiple projects.
• Collaborate with Property and Capital departments for timely approvals.
• Identify areas for improvement in development accounting processes.

Skills

Full cycle accounting experience

Leadership and mentoring

Interpersonal and communication skills

Process improvement

Education

Post-secondary degree in Accounting, Finance, or related

CPA designation

Tools

Microsoft Excel

Power BI

Financial systems (JDE, BI tools)

Job description

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

The Manager, Development Accounting, reporting to the Director, Development Accounting, will support the leadership of the Development Accounting and Reporting Team. The Manager will have responsibility for accounting and reporting for the entire development lifecycle, from the planning and pre-development phase through to the transition to operations. This role is a key business partner to the Development & Construction group supporting the delivery of project level accounting, reporting, and budget monitoring for all development projects.

Responsibilities:

• Oversee monthly and quarterly development accounting and reporting for multiple large scale mixed use projects, including the monthly draw process and understanding budget and forecast variances.
• Support the ongoing build out of the end-to-end development accounting and reporting function including the development of comprehensive project level monthly reporting to support the business and quarterly reporting to support public disclosure documents.
• Prepare specific quarterly reports to support internal and external disclosure, including analysis of balances and changes from prior period.
• Collaborate with counterparts in Property and Capital departments to ensure timeliness of approvals and perform balance sheet reconciliation.
• Ensure all development related accounting transactions, including the transition from development to operational accounting, are completed with accuracy and in a timely manner.
• Support the implementation of accounting policies related to development accounting.
• Identify areas for improvement, recommend and implement enhancements to development accounting process and procedures, and ensure all internal controls are followed and documented.

Leadership

• Demonstrate strong leadership by providing on-going guidance, coaching, and mentoring to encourage both team and individual professional development.
• Promote a culture of collaboration, teamwork, high performance, accountability that values learning, and a commitment to quality.

Business Partnership

• Develop and maintain collaborative business relationships with internal stakeholders by understanding business needs and expectations to deliver timely, accurate, and relevant results successfully.
• Build and maintain a strong working relationship with our joint venture partners to ensure Choice financial reporting and accounting objectives are achieved.

Qualifications:

• Minimum 4 years of full cycle accounting experience, including at least 1 to 2 years in a managerial capacity.
• A post-secondary degree specializing in Accounting, Finance, Business, Real Estate, or a related field.
• CPA designation is required.
• Strong knowledge/experience with job cost, joint ventures, and construction accounting practices.
• Proficiency with Microsoft Suite applications (Excel, PowerPoint, Word), Financial systems (JDE, BI tools, Spreadsheet Server) SQL, Power BI is an asset.
• Previous real estate and/or development accounting experience is an asset.
• Ability to lead and direct others in a team environment.
• Excellent interpersonal and communication skills, both written and verbal, with the ability to collaborate effectively across all levels of the organization.
• Demonstrated ability to lead process improvements and adopt new technologies to enhance accounting operations.
• Ability to adapt to new challenges and prioritize tasks in a fast-paced, evolving environment.
• Strong proficiency in analyzing and resolving standard issues by applying experience, judgment, and established precedents to determine effective solutions.
• Ability to work well with others and develop cooperative working relationships.

About Choice Properties

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centers.

Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through high quality transactions, strategic development and active property management. We mainly focus on necessity-based retail, and high-quality industrial and mixed-use assets. In particular, we have a strategic relationship with Loblaw, our largest tenant, that provides us with access to high quality investment opportunities.

Our established operating platform with a proven track record of success also provides us with access to a transformational development pipeline that we believe supports superior long-term value creation and growth. A commitment to continuous learning and development is a strong part of our culture.

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.

Number of Openings:

1

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