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TITLE Senior Project Accountant or Project Accountant
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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