Development Accountant

Toronto, Canada Full time


  • 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.


  • 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.