Senior Manager
4 weeks ago
Vaco is a private property development company seeking a Senior Manager - Project Accounting to join a dynamic team environment.
About the OpportunityThe Senior Manager - Project Accounting will be responsible for managing and overseeing the full accounting cycle for multiple development projects. This includes performing timely month-end close, recording all pertinent transactions, and setting up monthly accruals and journal entries. Additionally, the Senior Manager will perform regular bank, trust deposit, and loan reconciliations, review and prepare receivables, and ensure timely collections.
The Senior Manager will also be responsible for monthly reconciliation of intercompany accounts, review of projects' trial balances, and maintenance of key schedules for letters of credit, loan amortizations, and other liabilities. Furthermore, the Senior Manager will manage cost ledgers for misclassification of costs and record required cost accruals, record acquisition entries, and analyze joint venture and management agreements.
The Senior Manager will also prepare monthly draw requests, coordinate, and respond to project monitor inquiries. This includes maintaining ongoing analysis of project budgets on a pro forma basis, cost variance analysis and accruals, tracking and analyzing joint venture fees, and recording of loan proceeds.
The Senior Manager will also manage home closing process and bank loan pay-out, including reviewing of purchasers' files, preparing interim and final closing worksheets, coordinating and approval of Statement of Adjustments, and posting sales. Additionally, the Senior Manager will record unit closing entries and loan payments, calculate cost of sales allocation on closed units, and cost-to-complete accruals.
The Senior Manager will also prepare cashflow forecast including waterfall distribution, reconcile property taxes by unit, and calculate purchasers' tax refund, if any. Furthermore, the Senior Manager will facilitate mortgage and construction financing and maintain schedules.
The Senior Manager will also manage projects' reporting, including preparing financial reports for submission to internal and external partners, assisting in compliance reporting to lenders and government, monthly filing of projects' HST return, and preparing year-end working papers, review adjustments, and manage audit requirements.
The Senior Manager will also be responsible for administration and process improvements, including setting up project budgets, change orders, and estimates in the accounting system, coordinating with operations and other teams to process monthly property financials, identifying and implementing process re-engineering opportunities, and ensuring compliance with Generally Accepted Accounting Standards (IFRS and ASPE), internal audit, and client accounting services and internal review standards.
About YouWe are seeking a highly experienced Senior Manager - Project Accounting with 5+ years of experience in project, development, and construction accounting as a manager. The ideal candidate will have experience with construction draws and project closures, worked with small to mid-sized developers, and be proficient in real estate software (e.g. JDE, Newstar, Yardi). Supervisory experience and CPA certification are also highly desirable.
The Senior Manager - Project Accounting will be responsible for managing a team of accounting professionals and will be expected to provide leadership, guidance, and support to ensure the successful delivery of accounting services to our clients.
Salary RangeThe salary range for this position is $130,000 - $140,000 per year, depending on experience and qualifications.
How to ApplyTo apply for this position, please click the "Apply Now" button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #427283.
You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity.
A recruiter will be in touch with you if your profile meets our client's requirements for this role.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
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