Senior Project Accountant

About the Company

Our client is a highly successful real estate developer specializing in both condominiums and commercial properties, operating throughout Canada and the United States. The available position is located at the Canadian Corporate Headquarters in Mid-Town Toronto and requires full-time, in-office work five days a week. As a key member of the financial reporting and corporate finance team, this role is vital to the company’s ongoing growth and expansion plans. The executive leadership team prioritizes promoting from within, particularly for individuals who demonstrate a strong commitment to supporting the team and achieving the company’s growth objectives. This opportunity is ideal for candidates seeking leadership, mentorship, and ownership of full financial statements while working with a supportive team of shared services professionals.

About the Role

In this role, you will be responsible for preparing financial statements and management reporting packages, as well as managing treasury processes for various real estate projects currently under development. The role includes comprehensive training, allowing you to gradually take on specific initiatives and develop your technical skills. As proficiency grows, you will be encouraged to identify opportunities for process improvements and automation. This role offers a unique opportunity for professional growth.

Key Responsibilities

• Take ownership of financial statement preparation, management reporting packages, budgeting, and forecasting processes for up to five major real estate developments.
• Prepare monthly and year-end financial statements, including reviewing all job costs and account reconciliations.
• Lead the preparation of monthly financial draw packages, ensuring timely delivery and effective communication with the construction team and third-party consultants.
• Manage project cash flow, proposed cheque releases, and funding availability while performing monthly bank reconciliations, HST filings, and internal documentation.
• Prepare month-end management discussion and analysis reporting packages, including financial analysis, and provide verbal/written commentary.
• Review budgets and forecasts monthly, identifying potential cost savings and discussing them with management and the construction team.
• Evaluate ongoing project financial performance and cash flow issues, recommending actions to meet project completion dates, and prepare quarterly partner reports.
• Verify and reconcile construction contracts, customizations, and upgrade verifications, and assist with corporate income tax forecasting and budgeting.
• Participate and lead in external auditor processes and queries, while supporting team members and other departments.
• Contribute to various ad-hoc projects, including new hire training, supervising junior staff, and assisting with process enhancements around data visualization and automation.
• Collaborate with stakeholders to gather data and provide recommendations for financial and operational improvements.
• Develop and maintain financial models to support decision-making and provide analysis on cash flow forecasting and capital expenditure planning.
• Support M&A activities, including due diligence and financial integration.
• Develop and maintain relationships with external partners, including banks and financial institutions.
• Participate in the development and implementation of new accounting policies, ensuring compliance with relevant standards and regulations.
• Support corporate initiatives, such as strategic planning, budgeting, and forecasting.
• Coordinate with internal departments to ensure timely completion of financial reporting requirements, such as tax filings and regulatory reporting.
• Conduct research and analysis on industry trends to identify process improvement and automation opportunities.

About the Candidate

• Preferred candidates hold a CPA designation or are in the process of obtaining one.
• Experience in the real estate industry or a strong interest in pursuing a career in this field is preferred.
• Prior experience in real estate development or at a Big 6 accounting firm is highly desired.
• Excellent communication skills are a must.
• This position requires full-time, in-office work (5 days per week).

Other Details

• Comprehensive benefits package.
• Monthly salary includes a bonus.
• Free parking provided.
• Expect overtime during busy periods or initial onboarding.
• The effort invested in this role will correlate directly with the value gained. The real estate development industry offers high pay and growth opportunities, with potential for career advancement after just one year.