Project Accountant l Real-Estate
Location: Vaughan
Work Model: Onsite
About the Company:
Our client, a leading real estate development company based in Vaughan, is hiring for a Project Accountant. The company offers a dynamic work environment and exciting opportunities for professional growth.
About the Opportunity:
As the Project Accountant, you will report to the Project Controller, being involved in the full-cycle project accounting process and helping to prepare impactful analysis and reports.
- Prepare working paper files at both the general ledger and subledger levels.
- Generate monthly financial reports, providing timely and accurate analysis of financial results and operational metrics.
- Set up and maintain project details in the accounting system's job cost module, including original and revised budgets, actual costs incurred, projected costs to complete, committed costs, and estimated final costs.
- Monthly mapping and recording of financials for third-party managed development projects.
- Attend project status meetings with development teams, providing financial updates such as cash flow requirements, including projects in the pre-construction phase.
- Ensure accurate coding of all invoices in the accounting system; calculate and process development fees promptly.
- Prepare loan draws and capital calls as necessary; handle financial reporting and draw requests for joint ventures and lenders.
- Calculate and process real estate commissions in compliance with internal controls and industry regulations, ensuring timely payments.
- Handle GST returns, ensure tax compliance, and manage costing and profit reporting for individual residential unit sales.
- Collaborate with property accounting to facilitate the transition of properties from development to income-producing status.
Qualifications:
- Previous experience in full-cycle project or property accounting within the real estate industry
- CPA designation is an asset but not required
- Strong communication and interpersonal skills
- Excellent analytical and problem-solving skills, with the ability to interpret financial data and trends
- Proficiency in accounting software and Microsoft Excel
What this offers:
- Competitive compensation and benefits
- Positive and supportive company culture in a high-growth industry
- Exciting prospects for career advancement
