Senior Manager, Development Accounting

Overview Senior Manager, Development Accounting – Toronto, Full time (Posted 2 days ago). Company: Parkbridge Lifestyle Communities is Canada’s leading developer and owner/operator of 90 residential and resort communities. Parkbridge enriches the lives of Canadians by enabling couples to buy their first home sooner, seniors to downsize and enjoy a more carefree retirement, and families to vacation at RV resorts that benefit from activity programs and included amenities. Role Description Reporting directly to the SVP, Development – Finance, the Sr. Manager, Development Accounting oversees a team of Development Accountants and ensures the delivery of accurate financial information without material misstatements. The position requires experience in real estate accounting, with emphasis on project development, LP structures, and complex real estate transactions, including single-family housing and multi-phased community projects. Responsibilities Management & Review: Provide monthly reporting (both verbal and written) to internal and external partners, identifying issues, KPIs, costing updates and cash flow projections. Plan an organizational structure for the accounting staff, assembling a team that will perform all accounting for the development, maintaining flexibility and efficiency to adapt to regular changes and demands. Oversee the accounting team, providing leadership and guidance in all aspects. Review monthly project draws and financial statements prepared by the accounting team. Review and provide accounting support for all major contracts encompassing organizational structure, governance, development, marketing, financing and property management. Oversee the preparation of all monthly accounting reports, proformas, bank draws, budgets & forecasts, including all supporting working papers. Set accounting standards, policies, procedures and controls for all accounting functions. Maintain short-term and long-term cash flow projections, obtaining financing from partners, lending institutions and others in an efficient and timely manner. Administer all costing pool allocations for mixed-use projects (specific invoice/contract allocations, overall net yield allocations). Utilize the net yield method to allocate costs within house building and complex multi-phased development projects. Coordinate activities and expectations with both internal and external partners, including development, finance, marketing, sales, property management, leasing, administration and accounting departments. Provide support to the finance departments for both internal and external partners. Primary liaison for all accounting related consultants, including auditors, tax advisors, legal support, CRA. Coordinate all accounting related activities of construction management teams, whether internally or externally operated. Work directly with project managers, development accountants, finance analysts, project coordinators and development managers to understand and maintain budget analysis and cost overages. Ensure adherence by consultants of all insurance requirements. Coordinate annual audit requirements, banking reporting and other. Adhere to all financial, legal and international governance requirements per separate partnership / joint venture agreements, government regulations and legal responsibilities. Qualifications Post-Secondary Degree and CPA designation. Minimum 5+ years of directly related accounting experience with a minimum of 2 years in a Sr. Manager level position. Extensive experience within the Real Estate industry, particularly in accounting for complex multi-phased project developments. Experience with complex budgets, forecasting and executive presentations. Superior communication skills, both written and oral. Superior attention to detail and organizational skills. Extensive computer knowledge, including Excel. Preference in knowledge of Yardi. Thrives working in a busy, high-volume challenging environment. Ability to handle and prioritize conflicting deadlines from various sources. Salary $120,000–$130,000 (Hybrid). We encourage applicants who may not fully align to apply, as we value diverse experiences and perspectives. #J-18808-Ljbffr