Senior Development Accountant

QuadReal; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading real estate investment firm in Toronto is seeking a Senior Development Accountant to manage accounting for residential and land development projects. The successful candidate will need a CPA designation and 3-5 years of experience in real estate development accounting. Responsibilities include preparing financial reports, managing GL transactions, and ensuring compliance with regulations. This hybrid position offers a dynamic work environment.

Qualifications

• Minimum 3-5 years accounting experience in a development real estate environment.
• Proven experience in understanding Development and Development cycle.
• Ability to manage multiple conflicting deadlines.

Responsibilities

• Handle all aspects of accounting for development projects with minimal supervision.
• Prepare monthly financial reports and provide timely analysis of financial results.
• Ensure real estate commissions are calculated and paid on time.

Skills

Analytical skills

Interpersonal skills

Communication skills

Accounting knowledge

Project management

Education

Professional accounting designation (CPA)

Equivalent development accounting experience

Tools

Yardi Voyager

Microsoft Excel

Microsoft Office

Job description

Overview

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

Senior Development Accountant

Based in Toronto, the Senior Development Accountant at QuadReal Property Group is to maintain and document the financial status of residential and land under development. The successful Senior Development Accountant will take full ownership of assigned development properties, projects and tasks and should be fully proficient in both the technical and non-technical requirements of development accounting.

Role Description

• Handle all aspects of accounting for development projects with minimal supervision.
• Set up and maintain projects in the accounting system’s job cost, including original and revised budgets, costs incurred, costs to complete, committed costs, and projected final costs.
• Monthly mapping/recording of financials for third-party managed development projects.
• Liaise and work closely with the development teams, including attending project status meetings and providing financial updates, such as cash needs for all projects, including those in the pre-construction phase.
• Ensure all invoices are properly coded into the accounting system; and development fees are properly calculated and paid in a timely manner.
• Prepare loan draws and capital calls as required. Prepare financial reporting and draw requests where required for joint ventures and lenders.
• Ensure real estate commissions are properly calculated, compliant with internal controls and industry regulations and are paid in a timely manner.
• Prepare working paper files at GL and subledger level.
• Prepare monthly financial reports and provide timely and accurate analysis of financial results and operating metrics.
• Prepare GST returns, tax compliance tasks and costing and profit reporting and recording for individual residential unit sales.
• Assist in the design and implementation of internal controls related to development activity.
• Work with property accounting to coordinate transition of properties under development to income producing.

Experience and Qualifications

• Professional accounting designation (CPA) or equivalent development accounting experience required.
• Minimum 3-5 years accounting experience in a development real estate environment.
• Specialized computer skills in a range of software including Yardi Voyager, Excel and Microsoft Office.
• Proven experience in understanding Development and Development cycle.
• Strong analytical and interpersonal skills.
• Excellent communication skills.
• Solid accounting knowledge with experience handling complex GL transactions and reconciliations.
• Ability to manage multiple conflicting deadlines.
• Excellent work ethics: driven, motivated to succeed.

#LI-CD1

#LI-Hybrid

Note to Recruiters: QuadReal does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to QuadReal, directly or indirectly, will be considered QuadReal property. QuadReal will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for engaged services to submit resumes.

QuadReal Property Group will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format. If you require accommodation, please advise the Talent Acquisition team member you are working with and include the following: Job posting #, your name and your preferred method of contact.