Residential Land Development Controller

1 week ago

Ottawa, Ontario, Canada The Taggart Group of Companies Full time

Job Title:
Residential Land Development Controller

Reports to:
Director of Development, Finance

Company:
Taggart Investments Inc.

Location:3187 Albion Road South

Taggart Investments


Part of the Taggart Group of Companies, Taggart Investments' primary focus is on acquiring and developing residential land across Eastern Ontario.

Taggart Investments manages a number of projects, at various stages of the development cycle, on behalf of both internal and external stakeholders.


Work Description

Project Management Responsibilities

Ongoing responsibility for management of development projects:

  • Oversee monthly financial reporting for development sites, as well as special projects, including verification of compliance with cost sharing agreements, recoveries from other developers, etc.
  • Compile initial budget for new projects and new phases of existing projects. This includes detailed analysis of site plans, construction contracts, cost sharing agreements, development schedules, and proposals from various consultants.
  • Arrange financing for projects with lenders as required. Ensure completeness of development budgets and sufficiency of sales revenue to support requested loan.
  • Ensure lot purchase agreements are executed as required for land available for sale.
  • Review loan agreements and ensure compliance with all relevant provisions, including the satisfaction of prefunding conditions and reporting requirements.
  • Analyze ongoing project budgets and report variances to development team/other stakeholders.
  • Maintain cash flow forecasts and update stakeholders on requirements on an ongoing basis.
  • Prepare monthly construction draw requests from lenders.
  • Calculate and invoice all entitled recoveries from external parties pursuant to frontending and cost sharing agreements as required.

Monthly Reporting
Review monthly accounting files for development projects to consistently ensure:

  • all costs are properly supported and coded consistent with budget.
- all lot closings are billed in accordance with approved lot purchase agreements.
- all billings are properly calculated, supported, and completed.
- all bank reconciliations are completed.
- all HST returns are completed.
- all documentation completed consistently with high-quality standards, and
- follow up of outstanding items, like AR, deposits, and approvals.

Annual Reporting

  • Conduct comprehensive annual review of all files at yearend. This includes detailed analysis of accounting, budgets, costing, and forecasts.
  • Prepare annual financial statements in accordance with ASPE and coordinate with external auditors and thirdparty accountants.
  • Coordinate the preparation of tax provision for financial statement purposes.
  • Support the reporting requirements to the stakeholders and owners on project performance and forecast of future cash requirements and distributions.

Statement of Qualifications:

Knowledge, Skills and Abilities:

  • A minimum of 10 years of experience, with 57 years of experience in a senior accounting role with experience managing fullcycle reporting process, or similar duties.
  • A Chartered Professional Accountant designation is required.
  • Experience in enterprise class accounting software (ERP) is required, experience with NewStar is considered an asset.
  • Advanced knowledge of Microsoft Office Suite products.
  • Exceptional customer service skills with the ability to work with internal and external clients at all levels.
  • Experience engaging with multiple stakeholders, with strong communication skills.
  • Ability to multitask and prioritize.
  • Innovative and creative problem solver who has experience challenge the status quo to create a better product.
  • Strong organizational and administrative skills with keen attention to detail and time management skills.
  • Selfmotivated with the ability to work independently and in a team environment.
  • Experience in the real estate development or construction would be considered an asset.
  • Experience in a multicompany environment would be considered an asset.
  • Experience working in a public accounting firm would be considered a strong asset.

Physical/Sensory Effort/Work Environment:

  • Occasional travel may be required for the purposes of attending meetings and visits at development sites.
  • Several deadlines, and year end processes can make for high volume periods and overtime work.
  • Providing service to several people or departments, working under many simultaneous deadlines.
  • Sitting or standing for long periods of time at workstation.
  • Overtime as required.

Application

Accommodation
The Taggart Group of Companies is an equal opportunity employer.

All qualified applicants are considered without regard to race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, gender, sexual orientation, age, marital status, physical or mental handicap, or financial ability.

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