Manager, Development Accounting

1 week ago

Toronto, Canada Choice Properties Full time

**Location**:
22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

Development initiatives are a key component of Choice Properties’ business model, providing the opportunity to add high quality real estate at a reasonable cost. Choice Properties has internal development capabilities as well as established relationships with strong real estate developers. With significant intensification and redevelopment opportunities and a long-term pipeline of potential mixed-use development projects, Choice Properties is well positioned for long-term growth and value creation.

**Position Overview**

The Manager, Development Accounting, reporting to the Director, Development Accounting, will support the leadership of the Development Accounting and Reporting Team. The Manager will have responsibility for accounting and reporting for the entire development lifecycle, from the planning and pre-development phase through to the transition to operations. This role is a key business partner to the Development & Construction group supporting the delivery of project level accounting, reporting, and budget monitoring for all development projects.

**Responsibilities (in relation to assigned portfolio)**
- Oversight of monthly and quarterly development accounting and reporting, including an understanding of budget and forecast variances
- Support the ongoing build out of the end-to-end development accounting and reporting function including the development of comprehensive project level monthly reporting to support the business and quarterly reporting to support public disclosure documents
- Prepare certain quarterly reports to support internal and external disclosure, including analysis of balances and changes from prior period
- Collaborate with counterparts in Property and Capital departments to ensure timeliness of approvals and perform balance sheet reconciliation
- Ensure all development related accounting transactions, including the transition from development to operational accounting, are completed, accurate and timely
- Support the implementation of accounting policies related to development accounting
- Identify areas for improvement; recommend and implement enhancements to development accounting process and procedures; ensure all internal controls are followed and documented

**Leadership**
- Demonstrate strong leadership by providing on-going guidance, coaching, and mentoring to encourage both team and individual professional development
- Promote a culture of collaboration, teamwork, high performance, accountability that values learning and a commitment to quality

**Business Partnership**
- Develop and maintain collaborative business relationships with internal stakeholders by understanding business needs and expectations to deliver timely, accurate, relevant results successfully
- Build and maintain a strong working relationship with our joint venture partners to ensure Choice financial reporting and accounting objectives are achieved

**Qualifications**
- Minimum 4 years full cycle accounting experience
- University degree Business, Accounting / Finance and CPA designation is required
- Previous real estate and/or development accounting experience is an asset
- Experience leading a team with diverse levels of expertise
- Proactive, self-motivated, flexible and collaborative individual
- Excellent verbal and written communication skills
- Strong client service mindset; exceptional relationship skills
- Strong analytical skills, critical thinking, problem solving skills with high level of attention to detail and accuracy
- Ability to identify opportunities and develop solutions where there may be no precedent
- Strong knowledge / experience with job cost, joint ventures, and construction accounting practices

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct - it reinforces what our customers and stakeholders expect of us.

Number of Openings:
0

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