Manager Development Accounting

Tricon Residential; Toronto; On-site; CAD 109,000 - 160,000; Full time

Job summary

A real estate management firm in Ontario is seeking a Development Accounting Lead to oversee daily accounting operations and ensure compliance with financial standards. This role involves mentoring team members and implementing the Yardi construction module, requiring a CPA with 5+ years of relevant experience. Candidates should excel in communication and have a thorough understanding of IFRS; residential real estate experience is a significant advantage. A competitive salary and benefits await qualified applicants.

Benefits

Discretionary bonus based on performance

Attractive benefits and wellness package

Qualifications

• 5+ years of industry or public audit experience, including 2+ years of people management.
• Able to work independently in fast-paced environments.
• Experience with residential real estate is preferred.

Responsibilities

• Oversee development accounting and payables functions.
• Lead implementation of the Yardi construction module.
• Mentor and lead team members, providing feedback and training.

Skills

Knowledge of IFRS

Attention to detail

Excellent communication skills

Self-motivation

Microsoft Excel proficiency

Education

University degree in Commerce or Finance

CPA designation

Tools

Yardi construction manager module

Microsoft Office

Job description

Overview

Tricon is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage.

Job Description

Responsibilities

• Oversee the day-to-day development accounting, including the development payable function.

• Lead and actively contribute to the implementation and ongoing optimization of the Yardi construction module.

• Review monthly construction loan draw and capital call packages in collaboration with internal and external stakeholders.

• Review monthly reporting packages prepared in accordance with IFRS and ASPE.

• Coordinate development and construction treasury and payables processes, including capital draws.

• Monitor loan accounts including construction draws, interest payments, loan renewals, quarterly loan compliance.

• Monitor and report on development management fee revenue.

• Prepare and review monthly reports and reconciliations and assist with the preparation of corporate’s consolidated financial statements, MD&A and supplemental package where needed.

• Participate in special projects and perform other ad-hoc tasks as assigned and develop/maintain standard operating procedures and training documentation.

• Mentor and lead team members including providing regular feedback, coaching, and training.

Qualifications

• Thorough knowledge of IFRS as it relates to development properties.

• Able to work independently in a fast-paced and challenging environment.

• Demonstrates strong attention to detail and adheres to high standards for work quality.

• Excellent verbal and written communication skills and interpersonal skills

• Self-motivated with good work ethic and willingness to learn.

• Advanced proficiency in Microsoft Office products, especially Excel.

Minimum Requirements

• University degree in Commerce, Finance or relevant field

• CPA designation

• 5+ years of industry or public audit experience, including 2+ years of people management experience

Preferred Attributes

• Residential real estate experience

• Experience with Yardi construction manager module

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

• Frequently required to sit, talk, and hear.

• Frequently required to stand and move; use hands to grasp, squeeze, finger, handle, and feel; reach, push, and pull with hands and arms; occasionally required to twist; reach overhead; stoop, kneel, squat, bend, and crouch.

• Occasionally lift, carry, and move up to 10 pounds.

• Vision abilities required by this job include close vision, distance vision, and depth perception.

Salary and Benefits

Salary Range: Placement within this compensation range will be determined by the candidate's knowledge, experience and skills.

$109,340.00 - $159,340.00

This position is eligible for a discretionary bonus based on company performance and individual contribution as well as an attractive benefit and wellness package.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.