Senior Accountant, Development Accounting

A leading Canadian real estate investment fund manager is seeking a Senior Accountant to join their accomplished Accounting team in Toronto. This is an exceptional opportunity for you to play a pivotal role in the financial stewardship of high-profile urban development projects, working alongside some of the most knowledgeable professionals in the industry.

The organisation is renowned for its commitment to environmental sustainability and its impressive track record in originating, structuring, and executing complex investments across residential, office, mixed-use, industrial, and condominium developments. As a Senior Accountant, you will be empowered to take ownership of accounting, financial planning and analysis, and reporting for both development and stabilised assets. You will benefit from a supportive workplace culture that values collaboration between teams and offers flexible working opportunities with four days in the office and one day remote each week. If you are looking to advance your career within a respected firm that champions professional growth and fosters a sense of shared achievement, this role provides the perfect platform.

What you'll do:

• Maintain accurate accounting records and project costs for a portfolio of development and stabilised assets by setting up job cost budgets, revising them as needed, and ensuring all contracts and purchase orders are properly managed.
• Prepare detailed journal entries for financial transactions such as land acquisitions, development costs, accruals, and ensure all related activities are tracked and analysed thoroughly.
• Perform monthly reconciliations of project-related accounts including bank accounts, loans, and general ledger accounts to guarantee accuracy and compliance.
• Manage the construction draw process by preparing comprehensive draw packages and collaborating closely with development teams, cost consultants, lenders, and other stakeholders.
• Respond promptly to inquiries regarding cash flow management and projections while providing timely updates on financial status to relevant parties.
• Drive the month-end and quarter-end close processes for both development and stabilised assets to ensure timely completion of all required tasks.
• Work collaboratively with development partners and general contractors to review change orders or adjustments to cost estimates while securing proper approvals and documentation.
• Prepare weekly cash flow analyses for ongoing projects including liquidity reporting, reforecasting needs, budgeting requirements, and business planning support.
• Adhere strictly to compliance procedures and internal controls while actively supporting process improvement initiatives within the finance function.
• Provide essential support during statutory audits as well as direct and indirect tax return preparation; respond effectively to governmental audit inquiries as required.

What you bring:

• At least two years’ experience overseeing accounting functions for a real estate development portfolio with demonstrated ability to manage multiple concurrent projects.
• Comprehensive understanding of accounting principles as they apply specifically to real estate development and asset management environments.
• Proficiency with financial software systems; experience with Yardi Voyager is highly desirable but not mandatory.
• High level of compliance knowledge regarding HST returns coupled with familiarity with Limited Partnership structures within Canadian real estate context.
• A university degree in Accounting or Finance from a recognised Canadian institution is required; progress towards or completion of Chartered Professional Accountant designation is strongly preferred.
• Exceptional analytical skills combined with keen attention to detail enabling you to meet strict deadlines without compromising quality or accuracy.
• Demonstrated ability to communicate effectively with internal teams (Accounting/Development/Asset Management) as well as external partners (Cost Consultants/Lenders/Contractors).
• Experience supporting statutory audits along with direct/indirect tax return preparation; ability to respond confidently to government audit inquiries when necessary.
• Track record of adhering rigorously to compliance procedures while contributing positively towards process re-engineering initiatives within finance functions.

What's next:

Apply today by clicking on the link provided—your future starts here