Senior Development Accountant

4 weeks ago

Toronto, Ontario, Canada TalentSphere Staffing Solutions Full time
Senior Development Accountant Job Description

We are seeking a highly skilled Senior Development Accountant to join our team at TalentSphere Staffing Solutions. As a Senior Development Accountant, you will play a key role in maintaining and managing a portfolio of commercial and residential properties under development across different entities within a Domestic portfolio.

About the Role:

The Senior Development Accountant will be responsible for handling all aspects of accounting for development projects with minimal supervision. This includes setting up and maintaining projects in the accounting system's job cost, preparing loan draws and capital calls as required, and preparing monthly financial reports.

Responsibilities:
  • Handle all aspects of accounting for development projects with minimal supervision.
  • Set up and maintain projects in the accounting system's job cost, including original and revised budgets, costs incurred, costs to complete, committed costs, and projected final costs.
  • Prepare loan draws and capital calls as required.
  • Prepare monthly financial reports; providing timely and accurate analysis of financial results and operating metrics.
  • Coordinate with development and finance to track and report projected cash needs for all projects, including those in the pre-construction phase.
  • Track holdbacks and holdback releases in accordance with provincial lien holdback legislation.
  • Monitor committed costs and projected final costs relative to changes in contracts and commitments.
  • Work with property accounting team to transition properties under development to income producing.
About the Candidate:

We are looking for a professional with a strong accounting background and experience in development and construction accounting. The ideal candidate will have a professional accounting designation or equivalent commercial real estate accounting experience, as well as specialized computer skills in a range of software including Yardi, JD Edwards enterprise software and Microsoft Office.

The successful candidate will be a team player with effective communication, written and verbal skills, and a positive attitude. If you are a motivated and detail-oriented individual who is passionate about accounting and real estate development, we encourage you to apply for this exciting opportunity.

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