Responsibilities:
- Prepare Development status reports comparing development cost to contracts, budgets and proformas
- Prepare draws to lenders and cash calls to partners/co-owners
- Perform cash balance analysis and monitor release of payments
- Review Invoices, cheque requisitions and ensure in line with budgets
- Prepare bank reconciliations
- Review and reconcile monthly progress billings from general contractors and sub-trades
- Monthly / quarterly / annual development reporting
- Perform monthly review of development cost to confirm they are in alignment with partner and lender agreements.
- Review construction chargeback invoicing for all assigned properties
- GST/HST, QST & PST reconciliations for development properties
- Setup holdback bank accounts and manage them in accordance with the legislature
- Review approved budgets in accounting system
- Analyze and review development cash flows and cost variances
- Ensure that all accounting records related to all properties are kept up to date within guidelines established by GAAP and IFRS
- Preparing journal entries
- Preparing and reviewing Year End working paper files
- Assist with all audit requirements
- Participate in special projects as assigned.
Requirements:
- At least 3 years of experience with Construction / Project Accounting
- Strong working knowledge of accounting practices (IFRS) as applied to real estate development, property management, cash flow forecasting and financial and management reporting
- Proficiency in reading and interpreting legal agreements such as co-owner’s agreements, development agreements, property management and leasing agreements, and other similar real estate agreements
- Excellent oral and written communication skills with the ability to effectively communicate across all levels within the organization
- Yardi Voyager 7s experience is an asset.
- Intermediate MS Excel skills.