Senior Accountant, Residential Development

Madison Group; Toronto; On-site; CAD 75,000 - 95,000; Full time

Job summary

A leading construction and development firm in Toronto is seeking an experienced Senior Accountant to oversee accounting functions within residential development projects. The ideal candidate will have a strong background in construction cost accounting with 5-8 years of experience. Responsibilities include maintaining financial records, preparing reports, and managing budgets for various development projects.

Qualifications

• 5-8 years of real estate construction/job cost accounting experience.
• Excellent knowledge of construction cost accounting and related financial procedures.
• Strong analytical and problem-solving skills.

Responsibilities

• Maintain the general ledger and annual working paper files.
• Generate quarterly financial reports and monthly project reports.
• Develop, implement, and maintain the construction management system.

Skills

Construction cost accounting

MS Excel

Analytical skills

Attention to detail

Communication skills

Education

5-8 years’ real estate construction/job cost accounting experience

Education in finance/accounting

Tools

Newstar (Constellation)

Yardi

Caseware

Job description

Career Opportunities with MADISON HOMES HOLDINGS

A great place to work.

Current job opportunities are posted here as they become available.

Senior Accountant, Residential Development

Title Senior Accountant, Residential Development

Department Accounting Department

Reports to VP, Accounting

General Description:

The Senior Accountant, Residential Development, will report to the VP, Accounting and is responsible for overseeing all the accounting functions within the residential development portfolio including low-rise developments and hi-rise (condo) developments.

Madison has over 5 million sq. ft of approved hi-rise development projects, to be constructed over the next decade or so, as well as over 2 thousand low rise approved units over the same period of time.

Main Responsibilities:

• Maintain the general ledger and annual working paper files for the Housing Development portfolio by posting year-end journal entries and preparing financial statements.
• Generate quarterly financial reports and monthly project reports required by lenders.
• Develop, implement, and maintain construction management system, including setting up projects (jobs), budgets, job costs, cost codes, contracts, change orders, purchase orders, and various construction progress reports.
• Perform and /or oversee monthly bank reconciliation and reconciliation of control accounts (accounts receivable and accounts payables) to subsidiary ledgers, intercompany balances, schedules of balance sheet accounts.
• Ensure accurate preparation of monthly HST reconciliations, file HST returns, and ensure remittances for each project on a prompt basis.
• Perform accounting duties throughout the project, such as posting acquisitions and sales closings entries for high-rise and low-rise projects, analyzing all transactions, and working unforeseen costs into the budget, and estimating cash flow.
• Perform / oversee intercompany charge-back billings and reconciliations.
• Review purchase orders and accounts payable listing, prepare accounts payable journals, and process invoices if needed.
• Oversee A/P staff and ensure that invoices are entered into the system correctly by AP staff and that all the relevant supporting schedules are complete and accurate.
• Oversee bank loans/BA renewals.
• Other duties/projects as assigned from time to time.

Required Skills and Qualifications:

• Minimum of 5-8 years’ real estate construction/job cost accounting experience, or an equivalent combination of education and experience.
• Excellent knowledge of construction cost accounting and related financial procedures.
• Experience with Newstar (Constellation) is an asset, Advanced working knowledge of MS Excel and Word is required.
• Experience and knowledge of all aspects of year-end working papers preparation and Caseware is preferred.
• Knowledge of Yardi an asset
• Excellent verbal and written communication skills and possess strong analytical and problem-solving skills.
• Solid analytical and mathematical skills.
• Meticulous attention to detail and a high level of accuracy.
• Ability to multitask and thrive in a fast-paced environment.
• Flexible with a “can-do” attitude – Team Player
• Support our company’s values: Honesty, Integrity, Respect, Trust.