TITLE
Financial Accountant, Real Estate

SALARY RANGE
$60,000 - $75,000

CASH BONUS
Discretionary

THE PERKS

• 100% coverage health benefits
• Up to 3 weeks PTO
• Professional Development Support

LOCATION
Toronto, ON

THE OFFICE
In-Office

TEAM SIZE
15+ Person Team

THE ROLE
A dynamic development accountant role handling complex real estate projects, overseeing project bank draws, vendor payments and construction budgets while partnering with stakeholders to drive financial excellence.

• Development Accounting (100%)

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

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
Join a leading real estate developer as a Development Accountant managing project finances, bank draws, and construction budgets. This growth-oriented role offers a clear promotion path while working alongside industry veterans who will mentor you in real estate development accounting. You'll gain hands-on experience in development accounting while building a lasting career in Toronto's real estate sector.

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
• 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 monthly bank reconciliations and cash management procedures

By Month 12

• Independently prepared year-end audit files and handled auditor queries
• Mastered bank draw preparation and coordination with all stakeholders
• Managed complete portfolio of development projects while providing cross-coverage support

THE SKILL SET

• 3 years of full-cycle accounting experience
• Ideally coming from a construction or construction related industry
• Project accounting experience an asset
• Intermediate Excel