Development Accounting Manager

6 months ago

Vancouver, Canada Wesgroup Properties Full time

Wesgroup Properties started as a family business in British Columbia more than 60 years ago and today is one of Western Canada’s largest private real estate companies with a diversified portfolio spanning across residential and commercial real estate. Wesgroup owns and manages over 3.2 million square feet of commercial and multi-family real estate and has built more than 7,000 homes in 100 communities. With the active projects in our development pipeline, the portfolio will grow to over 7 million square feet over the next six years. Our operations are vertically integrated, encompassing land acquisition, construction, finance, design, marketing, sales, leasing, and property management. We have a long history of looking forward and we are dedicated to conducting business in line with our values of adaptability, accountability, relationships, and observing The Golden Rule without fail.

PROFILE SUMMARY

Wesgroup is poised for substantial growth over the next several years and in preparation for this exciting and challenging phase, we are actively seeking a highly engaged, driven and experienced Manager, Development Accounting to join our team.

As the Development Accounting Manager, you will play a pivotal role in guiding and mentoring our development accounting team. Your responsibilities will encompass overseeing loan draws, monthly project budget reporting, and ensuring compliance with established processes, procedures, and policies.

KEY ACCOUNTABILITIES
- Team Leadership:

- Provide guidance and mentorship to the development accounting team.
- Set clear goals and expectations for team members.
- Contribute proactively to enhancing the skills and knowledge of the team.
- Financial Reporting:

- Review monthly progress draws for submission to quantity surveyors and lenders.
- Analyze development project proforma, job cost reports, and project cashflow forecasts.
- Project Reporting:

- Prepare loan draw summaries, project cost summaries, project KPIs, and sales proceeds/loan paydown schedules.
- Generate ad-hoc analyses on insurance costs, property taxes, assessed values, cost allocations, sales, and project performance.
- System Implementation:

- Assist, lead, and/or oversee new system implementation.
- Conduct training sessions for the development accounting team.
- Create and maintain comprehensive documentation for established processes.

QUALIFICATIONS, KNOWLEDGE & EXPERIENCE
- Minimum of 5 years of progressive experience in development accounting, real estate finance, or a related field.
- Bachelor's degree in Accounting, Finance, or a related field. CPA is preferred.
- Demonstrated leadership skills with the ability to guide and mentor a team.
- Experience in setting clear goals and expectations for team members.
- Proven ability to contribute to the professional development of team members
- Strong understanding of project budgeting, loan draws, and cash flow reporting.
- Familiarity with financial reporting requirements for real estate development projects.
- Understanding development project proformas and real estate cycle

**EXPECTED COMPENSATION**:

- The expected salary range for this role is $110,000 - $125,000 per annum. Actual offered salary will depend on individual experience, qualifications, geographic location, market conditions for the role, and internal equity.
- Annual Bonus Program - Wesgroup also offers a competitive Annual Bonus Program that is intended to financially reward eligible employees for their contribution to the Company’s financial, and overall success.

WHAT WE OFFER
- A competitive compensation package with robust and extensive health benefits.
- A fun and inclusive culture supported by an employee-led Culture Committee with sponsorship from the President, providing you with opportunities to participate in group workouts, team sports, company-wide social events or celebrations, and other great initiatives that foster Wesgroup’s culture.
- The Wesgroup Store, stocked with amazing name-brand apparel and items to purchase using points earned for milestones, participation, and going above and beyond.
- A Lifestyle Spending Account which includes coverage for fitness, daycare, and eldercare costs. Wesgroup also covers the cost for all employees to attend two fitness classes per week at partnering fitness facilities to promote wellbeing.
- Wesgroup supports a broad range of community initiatives through donations and employee volunteer activities, including paid days off to volunteer your time each year and give back to our communities.
- Stocked kitchens with healthy (and not-so-healthy) snacks, fresh fruit and veggies, sparkling water, premium coffees and teas with a wide range of dairy alternatives to support your daily caffeine hit.
- A brand-new, beautifully designed office downtown with incredible views of the ocean and North Shore mountains, across from the Burrard sky train station.

HOW TO APPLY

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