Senior Accountant, Residential Development

1 week ago

Markham, Ontario, Canada Madison Homes Holdings Full time $80,000 - $120,000 per year

Title Senior Accountant, Residential Development

Department Accounting Department

Reports to VP, Accounting

General Description:

The Senior Accountant, Residential Development, will report to the VP, Accounting and is responsible for overseeing all the accounting functions within the residential development portfolio including low-rise developments and hi-rise (condo) developments.

Madison has over 5 million sq. ft of approved hi-rise development projects, to be constructed over the next decade or so, as well as over 2 thousand low rise approved units over the same period of time.

Main Responsibilities:

  • Maintain the general ledger and annual working paper files for the housing development portfolio by posting year-end journal entries and preparing financial statements.
  • Generate quarterly financial reports and monthly project reports required by lenders.
  • Develop, implement, and maintain construction management system, including setting up projects (jobs), budgets, job costs, cost codes, contracts, change orders, purchase orders, and various construction progress reports.
  • Perform and /or oversee monthly bank reconciliation and reconciliation of control accounts (accounts receivable and accounts payables) to subsidiary ledgers, intercompany balances, schedules of balance sheet accounts.
  • Ensure accurate preparation of monthly HST reconciliations, file HST returns, and ensure remittances for each project on a prompt basis.
  • Perform accounting duties throughout the project, such as posting acquisitions and sales closings entries for high-rise and low-rise projects, analyzing all transactions, and working unforeseen costs into the budget, and estimating cash flow.
  • Perform / oversee intercompany charge-back billings and reconciliations.
  • Review purchase orders and accounts payable listing, prepare accounts payable journals, and process invoices if needed.
  • Oversee A/P staff and ensure that invoices are entered into the system correctly by AP staff and that all the relevant supporting schedules are complete and accurate.
  • Oversee bank loans/BA renewals.
  • Other duties/projects as assigned from time to time.

Required Skills and Qualifications:

  • Minimum of 5-8 years� real estate construction/job cost accounting experience, or an equivalent combination of education and experience.
  • Excellent knowledge of construction cost accounting and related financial procedures.
  • Experience with Newstar (Constellation) is an asset, Advanced working knowledge of MS Excel and Word is required.
  • Experience and knowledge of all aspects of year-end working papers preparation and Caseware is required.
  • Professional Accounting designation
  • Knowledge of Yardi an asset
  • Excellent verbal and written communication skills and possess strong analytical and problem-solving skills.
  • Solid analytical and mathematical skills.
  • Meticulous attention to detail and a high level of accuracy.
  • Ability to multitask and thrive in a fast-paced environment.
  • Flexible with a �can-do� attitude � Team Player
  • Support our company�s values: Honesty, Integrity, Respect, Trust.

Madison Group celebrates diversity and is proud to be an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applications and make all employment-related decisions without regard to race, color, religion, sex, national origin, sexual orientation, gender, age, or disability.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.

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