Development Accountant Specialist

6 days ago

Burnaby, British Columbia, Canada Wesgroup Full time

Wesgroup Properties, a family business in British Columbia with over 60 years of experience, has grown into one of Western Canada's largest private real estate companies. Our diversified portfolio encompasses residential and commercial properties, spanning over 4 million square feet of commercial and multi-family real estate. We have built thousands of homes in dozens of communities and continue to expand our asset portfolio through various development projects.

We operate with a vertically integrated model, encompassing land acquisition, construction, finance, design, marketing, sales, leasing, and property management. Our long history of adaptability, accountability, relationships, and adherence to The Golden Rule has guided us in conducting business with integrity.

PROFILE SUMMARY

We are seeking a highly engaged, driven, and experienced Senior Development Accountant to join our team. As the Senior Development Accountant, you will work closely with several internal departments to prepare monthly progress draws, including accurate reporting of project status, sales progress, costs incurred, and costs to complete.

This role reports to the Assistant Manager, Development Accounting and is an integral part of the Development Accounting team.

KEY ACCOUNTABILITIES

  • Review and approve payables, contracts, and CO's/PO's for accuracy and prepare invoice accruals as requested by the project managers.
  • Prepare and analyze job cost reports, working closely with the project manager and development manager to manage the project budget.
  • Prepare monthly loan progress draws including supporting documentation.
  • Complete monthly trial balance reviews with variance analysis to identify any adjustments required.
  • Prepare project cashflow forecasts, updating monthly for project proforma changes in estimates and schedules.
  • Prepare GST reconciliations and monthly journal entries including chargebacks, cost allocations, asset transfers, amortizations, sales closings, and loan fundings.
  • Prepare weekly, mid-month, and month-end payment listing and ensuring WCB, COI, and Stat Decs are all received on contractor invoices.
  • Training other team members, mentoring, and reviewing their work.
  • Assist with external audit and review engagements as required.

QUALIFICATIONS, KNOWLEDGE & EXPERIENCE

  • Bachelor's degree in Accounting.
  • 3-5 years of Development/Construction Accounting experience.
  • 5+ years of Accounting experience preferred.
  • CPA Designation preferred.
  • Experience with mentoring and training other team members preferred.
  • Yardi Voyager 7S experience preferred.
  • Solid organizational and time management skills, with an ability to effectively manage and prioritize multiple tasks while working independently.
  • Excellent oral communication skills and ability to draft clear and concise written communications.
  • Strong analytical, problem-solving, and decision-making skills with ability to develop creative and strategic solutions to issues.
  • Excellent interpersonal skills, including a proven ability to build relationships.
  • High level of attention to detail and accuracy.
  • Must have strong Microsoft Excel Skills.
  • Ability to analyze trial balance, job cost report, or other financial reports to identify variances and errors, and provide recommendations/suggestions for correction.
  • Accounting knowledge specifically for real estate under ASPE.

EXPECTED COMPENSATION

  • Annual Base Salary: $90,000 - $105,000 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 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

  • An entrepreneurial environment that enables people to do their best work and make a meaningful contribution to our local communities.
  • A competitive compensation package with robust and extensive health benefits including a generous Health Care Spending Account.
  • 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.
  • A fun and inclusive culture supported by an employee-led Culture Committee with sponsorship from the President & CEO, providing you with opportunities to participate in group workouts, team sports, company-wide social events or celebrations, and other great initiatives.
  • Wesgroup supports a broad range of community initiatives through donations and employee volunteer activities, including five paid days off to volunteer your time each year and give back to our communities.
  • 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 brand-new, beautifully designed office downtown with incredible views of the ocean and North Shore mountains, directly across the street from the Burrard sky train station.

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