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Senior Project Accountant

Mississauga, ON
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TITLE
Senior Project Accountant or Project Accountant

SALARY RANGE
Senior Project Accountant: $90,000 – $112,000
Project Accountant: $75,000 – $85,000

CASH BONUS
10% of base salary

THE PERKS
  • $4,000 Health Spending Account
  • 3 weeks vacation
  • Education Fund
LOCATION
Mississauga, ON, Canada

THE OFFICE
5 days in-office

THE ROLE
Reporting to the SVP and Assistant Controller, you will oversee the full financial lifecycle of a diverse, high-rise real estate development portfolio spanning pre-development, active construction, and near-closing stages. You will manage one AP specialist and work closely with senior leadership to ensure the accuracy, integrity, and timeliness of all project accounting and reporting functions. The role breakdown is as follows:
  • 40% Project Accounting
  • 20% Reporting & Analysis
  • 20% Month-End Close
  • 20% Ad-Hoc & Process Improvement
THE TASKS
Project Accounting (40%)
  • Oversee and manage full-cycle project accounting activities for all development projects
  • Create and maintain project accounts, cost codes, and non-stock items in the ERP and accounting system
  • Prepare and submit monthly construction draw packages with supporting documentation for lenders and equity partners
  • Prepare monthly equity cash calls for pre-construction projects
  • Review and approve AP work, bank reconciliations, and deposits and commission reconciliations
  • Oversee handling and processing of contracts, purchase orders, and invoices
  • Review and reconcile cost consultant reports monthly for funding and budget control
  • Prepare and submit HST returns
  • Responsible for complex entries including final close and land acquisitions
  • Prepare year-end working paper files for project entities
  • Ensure project registration and renewals with HCRA & Tarion
Reporting & Analysis (20%)
  • Prepare monthly project variance reports for management review, including cash flow analysis for all projects
  • Produce management reports covering profitability, monthly variance, capital structure, and sensitivity analysis
  • Prepare quarterly reporting packages for internal and external stakeholders
  • Run monthly reasonability analyses to ensure accuracy and consistency across financial reports
  • Maintain accurate monthly project forecasts to anticipate financial needs and performance
  • Collaborate cross-functionally to maintain proper reporting for each project
  • Prepare ad-hoc reports and analyses as requested
Month-End Close (20%)
  • Lead the monthly financial close process for all project entities
  • Prepare and review journal entries and account reconciliations
  • Ensure timely and accurate financial statements are produced each month
  • Coordinate with internal stakeholders to resolve outstanding items prior to close
Management & Process Improvement (20%)
  • Train, manage, mentor, and develop AP specialists
  • Assist with hiring AP specialists as needed
  • Work alongside HR and the SVP to conduct annual performance reviews
  • Promote continuous process improvements across project accounting and reporting functions
THE COMPANY
Based in Mississauga, ON, this mid-sized real estate development firm is renowned for creating modern, sustainable, and community-focused living spaces. With a strong emphasis on innovation and quality, the company is continuously expanding its portfolio with exciting new projects. This is an excellent opportunity for professionals looking to make a significant impact in a dynamic environment dedicated to excellence and creativity in urban development.

THE EXPECTATIONS TIMELINE
By Month 1
  • Familiarize with the ERP and accounting systems, real estate projects, and existing accounting processes
  • Establish relationships with the finance and accounting teams, as well as key project stakeholders
  • Begin overseeing daily accounting operations for development and construction projects, ensuring a smooth transition into the role
  • Review existing project accounts, cost codes, and reconciliation processes to identify immediate areas for improvement
By Month 3
  • Take full responsibility for managing all project accounting activities, including review and approval of AP work, bank reconciliations, and monthly construction draw packages
  • Ensure accuracy in equity cash calls in collaboration with lenders and equity partners
  • Lead the month-end close process independently
  • Implement and maintain accounting policies and procedures tailored to project needs
By Month 6
  • Prepare and lead year-end audit and closing processes for project entities
  • Develop and submit year-end working paper files, coordinating with external auditors for a smooth process
  • Evaluate and refine internal controls and reporting mechanisms to improve financial accuracy
  • Drive process improvement initiatives across project accounting and reporting functions
By Month 12
  • Demonstrate strong command of all project accounting operations and reporting requirements
  • Show measurable improvements in process efficiency and reporting accuracy
  • Mentor and develop the AP specialist, enhancing team capabilities and performance
  • Support strategic financial planning and ad-hoc analysis for senior leadership
THE SKILL SET
  • Minimum 3 years of accounting experience (Senior level); 1–2 years accepted for Project Accountant level
  • CPA designated or actively pursuing is preferred
  • Intermediate to advanced Excel skills
  • Experience in real estate or construction industries strongly preferred
  • Strong analytical skills with attention to detail
  • Excellent written and verbal communication skills
ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

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