accountant Markham
Job description
We are seeking a Development Accountant to join its Development Accounting team. The Development Accountant is an integral member of the Development Accounting Team and will assist in the day-to-day accounting of selected development properties. Key responsibilities will include preparing journal entries, preparing loan, PUD and other account reconciliations. Also, the Development Accountant is responsible for ensuring the accuracy of forecasts for development properties and general administrative and reporting roles. This position reports directly to the Owners. We work collaboratively in a team structure and the Development Accountant will work closely with the other staff members.
Job Responsibilities: Financial Planning & Analysis
· Review payables postings to ensure accuracy of accounting
· Prepare journal entries for month-end accruals
· Review Development Manager-prepared proformas for accuracy
· Review Project Manager-prepared job cost reports for accuracy; perform variance analysis on month-over-month changes in estimated project costs, documenting reasons for change
· Review sales & marketing-prepared project budgets for accuracy
· Prepare project cashflow forecasts, updating monthly for changes in estimates and schedules based on information provided by other functional teams Financial & Regulatory Reporting
· Prepare journal entries for non-recurring and significant transactions pertaining to development projects, such as allocation of common costs, sales and costs of sales, and transfers to income producing property
· Prepare standalone and consolidated financial statements required for various stakeholder groups
· Assist with preparation of working papers for annual financial statement reviews and audits
· Ensure our accounting policies are appropriately applied to new development projects Financing
· Provide quantity surveyors with the required information to complete budget reviews for construction loan facilities
· Prepare monthly progress draws for submission to quantity surveyors and/or directly to bank lenders
· Ensure accurate reporting of project status, costs incurred, and costs to complete in monthly reporting to bank lenders
· Prepare monthly construction progress billings by our internal construction team
· Administration. Will have responsibilities to run administrative tasks for the office as well as participate, when able, in company meeting and minute them.
Management Reporting and Performance Measurement
· Assemble reports for inclusion in monthly development reporting package
· Complete “post-mortem” financial analysis of completed projects, documenting lessons learned from projects that can be applied to future projects
Risk Management
· Assist with preparation of insurance applications for new development projects
Ad Hoc
· Assist with ad hoc financial analysis of new and existing development projects
· Manage ad hoc tasks as assigned by the Owners.
Qualifications and Knowledge
· An accounting designation or related real estate experience is required
· Attention to detail and strong organizational skills are required
· Strong Microsoft Excel skills are required
· A working knowledge of Builder Trend is an asset
Job Type: Full-time
Salary: $60,000.00-$80,000.00 per year
Benefits:
- Dental care
- Extended health care
- Life insurance
Flexible Language Requirement:
- French not required
Schedule:
- Monday to Friday
Supplemental pay types:
- Bonus pay
Ability to commute/relocate:
- Markham, ON L3R 9W8: reliably commute or plan to relocate before starting work (required)
Education:
- Secondary School (preferred)
Experience:
- Accounting (preferred)
Language:
- English (preferred)
Licence/Certification:
- Chartered Professional Accountant (preferred)
Work Location: In person
Expected start date: 2023-06-15
