Deal Accountant

3 weeks ago


Toronto, Canada myAbode Full time

Are you interested in joining a Canadian prop-tech startup leading the charge in real estate innovation? myAbode has big ambitions and we move fast – we’re looking for like minds who take initiative and think outside the box. If you're excited by the potential for significant growth and the chance to make a real impact, this is an opportunity to be part of something big. About Us One of the biggest decisions in life is finding a home. Yet, whether you’re buying, selling, or leasing, the process can feel overwhelming and disjointed. The same is true for real estate professionals, who often rely on antiquated systems and even older technology. We believe real transformation can only happen with a connected ecosystem — built for consumers, agents, and brokerages alike. That’s why we created myAbode. To simplify every part of homeownership, from search to signing. myAbode may be new, but our roots run deep. Our search platforms condos.ca, property.ca, and mrloft.ca— have helped thousands of Canadians find their perfect home. We build integrated tools that simplify each step of the homeownership journey for everyone involved. By empowering consumers and agents with powerful tools, myAbode enables real estate professionals to focus on what they do best: guide people home. The Role The Deal Closing Manager will lead our closing team and transform how we deliver real estate transactions across multiple brokerage clients. Your mission is to build a best-in‑class deal closing function and own the journey from approved deal to reconciliation while driving automation and standardization that scales our platform. You'll lead the team responsible for every transaction, ensuring compliance, accuracy, and speed at every step. What you’ll do Team Leadership: Lead and mentor 2‑5 Deal Accountants and/or Trust Clerk across multiple brokerage clients. Schedule work by close date, implement QA processes, track weekly metrics, and drive standardization of processes and best practices. Deal Intake & Workflow: Create files, confirm approval artifacts, enter critical dates, and drive closing plans with SLAs. Map the closing value stream, identify bottlenecks, and eliminate waste. Systems Ownership & Automation: Administer in‑house platform and Lone Wolf; partner with Product/Engineering on automation and data integrity. Automate data syncs, statement generation, payout packets, and variance alerts. Standardize artifacts (funds‑flow templates, disbursement checklists, lawyer instruction packs) and codify in software. Define SLAs with dashboards; pilot and roll out changes with testing. Lawyer Coordination: Orchestrate solicitors, conveyancers, lenders, and title insurers on undertakings, trust directions, adjustments, holdbacks, and funding confirmations. Trust Operations: Receive and deposit trust funds; maintain ledgers; perform daily three‑way reconciliations; investigate variances within one business day; manage outstanding deposits and unclaimed funds per provincial regulations. Payouts & Statements: Calculate commissions, splits, fees, referrals, and withholdings; handle GST/HST and T4A vendor setup; generate statements; initiate EFT/wire disbursements with maker/checker approvals within one business day of funding. Regulatory Compliance: Enforce FINTRAC/AML requirements; maintain compliance with provincial brokerage rules (e.g., RECO) and board requirements; ensure audit‑ready files and month‑end documentation. Reporting: Deliver weekly pipeline/SLA dashboards, month‑end trust reconciliations, and exception/variance reports to Finance/Compliance. Your Experience 5+ years in real estate deal operations, brokerage accounting, or transaction coordination. 3+ years managing trust accounting and three‑way reconciliations in a regulated environment. 2+ years leading teams (2‑5+ people) with demonstrated coaching and performance management skills. Experience with lawyer coordination, title insurance, and real‑estate closing workflows. Proven track record implementing process improvements and automation initiatives. Proficiency with Lone Wolf. Advanced Excel/spreadsheet skills for reconciliations and financial analysis. Experience with trust accounting software and EFT/wire payment systems. Strong understanding of FINTRAC/AML requirements. Knowledge of provincial real‑estate regulations (RECO in Ontario or equivalent). Familiarity with commission taxation (GST/HST, T4A requirements). Experience maintaining audit‑ready documentation and month‑end compliance. Excellent organizational skills with ability to prioritize across multiple brokerage clients. Strong communication skills to coordinate with lawyers, lenders, insurers, and internal teams. #J-18808-Ljbffr


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