Senior Manager, Project Finance

Vaco Recruiter Services; Mississauga; On-site; CAD 115,000 - 130,000; Full time

Job summary

A growing residential development company in Peel Region, Mississauga is seeking a Manager, Project Finance to develop financial reports, handle project finance responsibilities, and support internal analysis. The ideal candidate will have 4-5 years of relevant experience and a CPA designation is a plus. This role offers a competitive salary range of $115,000 - $130,000/year.

Qualifications

• Minimum of 4-5 years of experience in a similar role.
• Experience in project finance on development projects is considered a strong asset.

Responsibilities

• Develop and maintain accurate financial reports for stakeholders.
• Prepare equity and debt draws for project ownership entities.
• Perform monthly bank and HST reconciliations.
• Monitor working capital balances and prepare funding schedules.
• Prepare year-end financial reports and P&L schedules.

Skills

Financial reporting

Project finance knowledge

Bank reconciliations

Budget monitoring

Education

CPA designation

Job description

About the Company

Our client is a boutique residential development company that is rapidly growing. They are looking for a Manager, Project Finance to join their team!

Why Work Here

• Fast growing boutique residential and multi-residential real estate portfolio that is serving the GTA community
• Company is comprised of entrepreneurial leaders
• Opportunity to progress and head the Finance team in future
• Massive pipeline of current and upcoming development projects that this position will be able to get involved with

About the Opportunity

• Develop and maintain accurate financial reports for internal and external stakeholders of projects, on a timely basis
• Prepare equity and debt draws for project ownership entities, partnerships, and joint ventures consistent with their respective legal structures, and in coordination with cost consultants and construction lenders
• Prepare and review monthly Job Cost reports, monitor current budgets and actual costs and propose budget transfers, when appropriate;
• Perform monthly bank and HST reconciliations and ensure HST filings are submitted on a timely basis, in accordance with CRA requirements;
• Ensure that invoices are entered into the system correctly by AP Clerks and that all the relevant supporting schedules are complete and accurate;
• Liaise with cost consultants and lenders to ensure monthly project monitor reports are completed accurately and that the funding is issued on time;
• Monitor working capital balances, analyze project cost requirements and prepare funding schedules to be used when issuing capital calls to the partners;
• Review monthly construction progress billing packages, to ensure these are prepared accurately and that all the required statutory documents are included;
• Prepare year-end financial reports and P&L schedules and provide all required information to external accountants for preparation of financial statements and tax filings;
• At the time of project completion, prepare SOA and Final Closing trackers and ensure that all the SOAs are accurate and that all the closing funds received tie to our records;
• Support internal teams with requested financial analysis on an ad-hoc basis;
• Perform other accounting duties, as required.

About You

• CPA designation considered an asset
• Minimum of 4-5 years of experience in a similar role; project finance experience on development projects is considered a very strong asset

Salary Range

$115,000 - $130,000/year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.

When referencing this job, quote #460372

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.