Development Payment Coordinator

3 months ago

Vancouver, Canada Pacific Cove Properties Full time

**Job Title: Development Payment Coordinator**
**Primary Location: Vancouver, BC**
**Job Status: Full Time, Permanent**

Primex Investments Ltd. (Primex) is a BC-owned and operated real estate investment company. With more than $500 million in assets under management and 150+ staff province-wide, Primex is a leader in the development and operation of multi-family residential rental housing in BC. Founded in 1972, Primex, through its wholly owned property management subsidiary, Pacific Cove Property Management Ltd., provides rental accommodation to almost 3,000 families and individuals in Metro Vancouver, the Fraser Valley, Vancouver Island, and the Okanagan. Our talented in-house team includes specialists in acquisitions, finance, development, construction, marketing, leasing, and property management.

We are currently seeking a **Development Payment Coordinator** to join the team at our Vancouver head office. The Development Payment Coordinator will work with the Development team and report to: Director of Development.

**What you are great at doing**:

- Receiving and organizing development invoices. Forwarding to approvers as required and following up to ensure that approvals are completed on time per billing guidelines.
- Providing accurate cost coding to invoices.
- Review invoices for correct attachments (per Development Guidelines) and billing entity. Following up with vendor for correction as required.
- Following up with Accounting Team to ensure payments are issued per Primex Development Payment Guidelines.
- Updating the billing tracker to ensure all invoices are processed internally.
- Updating development budgets with cost to date as provided by the accounting team.
- Consulting with Development Managers to track various fees and coordinate payment to the appropriate party.
- Tracking security bonds and Letters of Credit, following up when bond release is due, and ensuring that payments/refunds are received.
- Coordinating development incentives (Fortis, BC Hydro, Telus, etc.).
- Advising the Development Team when cost commitments require budget revisions.
- Tracking expenses and compiling expense reports for Development Team members (submitted monthly).
- Assisting with updating cost trackers with fee expectations and cost to date.
- Other duties as assigned.

**What you need to be successful**:

- A minimum of 2 years of relevant real estate development experience.
- Post-secondary Payment Coordinator related Degree/Diploma/Certificate or equivalent Payment Coordinator related experience.
- Self-starter.
- Leadership in ethical standards and integrity.
- Ability to organize multiple priorities.
- Detail oriented.
- Strong document tracking and Excel skills.
- Exceptional English communication skills, both verbal and written.

**Why choose us**:

- We are a supportive team which thrives on collaboration and innovation.
- We have an exciting pipeline of projects.
- We regularly engage in fun corporate social activities and charitable events.
- We provide our team with a comprehensive extended health plan.

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