Development Accountant

2 weeks ago

Markham, Ontario, Canada RioCan Full time
Who We Are
For over 30 years, our entrepreneurial mindset and strategic vision have fueled our growth into one of Canada's largest and most successful REITs. Our retail-focused and mixed-use portfolio reflects our commitment to creating vibrant community spaces where people want to shop, live, work, and play. We take pride in our strong legacy while continuously adapting, innovating, and investing in the future. We are proud to be recognized as one of Canada's Most Admired Corporate Cultures, Canada's Greenest Employers and a Greater Toronto Top Employer.
At RioCan, we believe our people are our greatest strength. We foster a welcoming, inclusive culture where employees can connect authentically, grow continuously, and bring their whole selves to work. Here, you'll find opportunities to learn, lead, and make an impact every day.
POSITION OVERVIEW: Reporting to the Manager, Development Accounting, this position is responsible for Development Accounting analysis, Construction / Development project cash flows / budgeting / re-forecasting and all job cost / procurement input, and reporting. RESPONSIBILITIES:
  • Yardi Business Unit Set-up for Development, CapEx and Tenant Construction projects
  • Input, update and track Development, Construction and Renovation budgets
  • Support the Development department in Pro-Forma preparation, budgeting and reforecasting
  • Collaborate with the Development department in the preparation of monthly/quarterly variance reporting. Monitor and reconcile project variances(Budget, purchase orders, cost to date) to ensure financial reporting requirements are met
  • Development Cash-flow update
  • Enter Accounting and Procurement Ledger Journal Entries
  • Calculate cost to complete and PUD/IPP value splits for IFRS valuation purposes
  • Monthly Bank reconciliations
  • Monthly HST filing
  • Prepare working paper files for submission to internal and external auditors
  • Other duties / projects as assigned.
QUALIFICATIONS:
  • Ability to understand detailed financials and contractual information
  • Ability to identify deficiencies, errors and misrepresentations in financial reporting
  • Ability to apply logic and reasoning when analyzing development projects
  • College Diploma or Certificate in Finance or Accounting
  • Minimum 3 years of Development Accounting experience or equivalent
  • Experience with Residential
  • Proven verbal and written communication skills
  • Proven organizational and analytical skills
  • Experience using Yardi, Hubble, and Argus
  • Proficient in Word, Intermediate Excel and Outlook
$0 - $0 a year Why join RioCan?
We believe in rewarding you for what you do and investing in your career and long-term success. Our total rewards program is designed to help you thrive in every aspect of your life: physically, emotionally, financially, and socially. Here's what we offer:
An Extensive Health and Benefits Program that includes health and dental benefits starting on day one, healthcare and wellness/lifestyle spending accounts, access to an employee family and assistance program, virtual healthcare services, and other resources to support your overall well-being.
A Comprehensive Retirement Program to help prepare you for your future. This includes matching employee contributions in a retirement savings plan, pension plan, and an employee unit purchase plan.
Work/Life Balance that prioritizes you. Enjoy flexible work hours, an extra-long weekend with our RioCan Cares Day, and half days before every long weekend in the summer.
Professional Growth and Development opportunities to advance your skills and grow your career through our continuing education reimbursement, mentorship and leadership development programs, on-demand online learning, and cross-functional training opportunities.
Additional Perks and Benefits that include paid time off, parental leave top-up, employee discounts, referral and recognition programs, and year-round opportunities to connect through community initiatives, committees, and social events.
If you share RioCan's values and a passion for real estate, we want to hear from you.
We are committed to creating a diverse and inclusive work environment where all employees are valued, included, and empowered to do their best work and bring great ideas. People are at the core of who we are, and we respect that they have taken all paths to get here. RioCan welcomes applications from all candidates and is committed to providing accommodations for people with disabilities. If you require accommodation at any stage of the application process, please let us know, and we will be happy to work with you to meet your needs.
You can visit us at and follow us on LinkedIn to learn more about who we are and what a career at RioCan can look like for you. We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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