**Delivering a Better Hiring Experience**

**Title:** Senior Financial Accountant, Real Estate
**Location:** Toronto, ON
**Salary Range:** $85,000 - $95,000
**Cash Bonus:** Discretionary
**Perks:** 100% coverage health benefits, Up to 3 weeks PTO, Professional Development Support
**Team Size:** 15+ Person Team
**Office:** In-Office

**The Role:**
A strategic finance business partner focused on development project modeling and financial analysis.
- Development Accounting (70%)
- Financial Reporting Support (20%)
- Team Management (10%)

**The Tasks:**
**Development Accounting**
- Manage monthly bank draws and coordinate with external stakeholders (banks, cost consultants, project managers)
- Oversee daily cash management and banking activities including reconciliations
- Maintain and finalize construction budgets for assigned portfolio
- Track and reconcile sales schedules, including deposits and purchase agreements
- Process and verify closing documentation and funds
- Manage Tarion registration and compliance
- Monitor and reconcile upgrade/incentive programs
- Prepare and maintain sales journals and related documentation
- Coordinate with lawyers on statements of adjustments and closing matters
- Handle HST reporting and compliance

**Financial Reporting Support**
- Prepare year-end audit files and respond to auditor queries
- Support consolidated financial statement preparation for Limited Partnership
- Perform monthly account reconciliations and maintain general ledger accuracy

**Team Management**
- Supervise and mentor Project Accountants
- Drive process improvements and ensure operational efficiency

**The Company:**
A prominent developer in the real estate industry, this company is renowned for its innovative urban projects that focus on sustainability and community enhancement.

**The Opportunity:**
Step into a key finance role at a leading real estate developer and make a direct impact on urban projects shaping communities. As a Senior Financial Accountant, you’ll influence development accounting, streamline financial reporting, and mentor junior team members. Grow your strategic business partnership skills alongside a talented finance team.

**The Expectations Timeline Preview:**
**By Month 1**
- Learned development project accounting processes with focus on year-end audit preparation, financial statements, and reconciliations
- Mastered sales schedule maintenance including tracking mortgage confirms, deposits, and purchase/sale agreements
- Began learning bank draw processes and documentation requirements

**By Month 3**
- Achieved proficiency in construction budget setup, maintenance, and finalization for assigned portfolio
- Established working relationships with cost consultants, project managers, and banks for efficient draw processes
- Mastered monthly bank reconciliations and cash management procedures
- Began handling Tarion registrations and statement of adjustments

**By Month 6**
- Took full ownership of development accounting process including intercompany reconciliations
- Managed complete sales cycle including upgrades, incentives, and deposit tracking
- Mastered bank draw preparation and coordination with all stakeholders
- Began supervising project accountants on routine tasks

**By Month 12**
- Independently prepared year-end audit files and handled auditor queries
- Mastered HST returns preparation and CRA audit responses
- Led preparation of consolidation financial statements for Limited Partnerships
- Managed complete portfolio of development projects while providing cross-coverage support
- Took ownership of annual tax estimates and budget proforma preparation

**The Skill Set:**
- 5 years of full-cycle accounting experience, ideally coming from a construction or construction-related industry
- Project accounting experience an asset
- Intermediate Excel

**Only qualified candidates will be contacted.**

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