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Corporate Accountant, RE Development

Richmond Hill, ON
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TITLE
Corporate Accountant, Real Estate Development

SALARY RANGE
$80,000 - $90,000

THE PERKS
  • Standard Health Benefits
  • RRSP
  • CPA Dues Support
  • CPA Program Support
LOCATION
Richmond Hill, ON

THE OFFICE
Permanently In-Office

TEAM SIZE
Under 5 people

THE ROLE
An individual contributor providing full-cycle corporate accounting support across multiple entities within a private real estate development group, with exposure to property accounting and intercompany transactions.
  • Corporate Accounting & Financial Operations (60%)
  • Property Accounting (30%)
  • Other Duties (10%)
THE TASKS
Corporate Accounting & Financial Operations (60%)
  • Complete full-cycle accounting functions including recording all pertinent transactions and intercompany reconciliations for management, property, and corporate entities
  • Perform GL reconciliations on a monthly basis, clearing legacy balances and reclassifying intercompany loans to equity where appropriate
  • Ensure vendor payments are approved and paid in accordance with AP processes, including corporate credit card reconciliation
  • Complete reconciliations for all bank accounts
  • Provide monthly cash projections for the management company
  • Complete HST returns and assist with CRA audits as required
  • Complete year-end working paper files including interaction with external accounting firm
  • Create monthly management fee invoices and initiate collection from project entities
  • Determine cost recoveries from projects and invoice monthly
  • Ensure corporate and union payroll amounts are accurately recorded and reconciled via ADP
  • Record all intercompany transactions including monthly equity contributions and distributions on both sides of the books
  • Reconcile all equity accounts with project ledgers and assist with intercompany settlements
Property Accounting (30%)
  • Maintain rent roll for various properties and ensure rents are collected, deposited, and recorded on time
  • Set up new leases and tenants in the ERP system
  • Prepare annual operating and tax recovery adjustments (TMIs)
  • Prepare chargebacks for tenants where applicable
  • Support year-end property accounting deliverables
Other Duties (10%)
  • Ensure proper filing of documents in accordance with policy
  • Collaborate cross-functionally with various departments to support business decisions
  • Prepare management reports in Excel for senior leadership review
THE COMPANY
A well-established, family-run real estate development firm with over five decades of experience building communities across the Greater Toronto Area. The organization operates with a flat, collaborative structure where every department has an open-door policy and individual ownership of work is highly valued.

THE OPPORTUNITY
This is an opportunity to take full ownership of a diverse corporate accounting function spanning management companies, investment entities, and property portfolios within a stable, privately held organization. Ideal for an accountant looking to move away from rigid corporate structures into an environment that rewards autonomy, cross-functional collaboration, and a roll-up-your-sleeves mentality.

THE EXPECTATIONS TIMELINE PREVIEW
By Month 1
  • Begin processing day-to-day transactions for all corporate, management, and property entities following existing workflows
  • Observe and participate in at least one full monthly close cycle alongside the controller
  • Understand how the management company acts as the financial hub for all other entities and how transactions flow between them
  • Build working relationships with the controller, CFO, and project accounting team
By Month 3
  • Handle all regular duties independently — full-cycle accounting, AP, AR, intercompany entries, and property transactions — with minimal oversight
  • Manage the monthly close and HST filing cycle end-to-end and on schedule
  • Ensure intercompany transactions are recorded accurately and settled monthly so nothing falls behind
  • Demonstrate a working knowledge of how equity contributions, distributions, and loan reclassifications are booked on both sides
By Month 6
  • Take ownership of clearing and reclassifying legacy intercompany balances that have accumulated over time
  • Own the full property accounting cycle independently, including TMI adjustments and tenant chargebacks
  • Begin identifying process improvements and presenting recommendations to the controller and CFO
By Month 12
  • Deliver consistently accurate reporting that senior leadership can rely on without needing to verify or second-guess
  • Have implemented at least one meaningful process improvement that measurably increases efficiency or accuracy
  • Demonstrate a holistic understanding of financial interactions across the entire organization, not just your own ledgers
  • Be recognized for bringing new ideas and a higher standard of accuracy and initiative to the function
THE SKILL SET
  • Minimum 3 years of relevant experience in a multi-entity corporate accounting environment
  • Strong understanding of intercompany transactions, equity accounting, and GL reconciliation
  • Property management or commercial real estate accounting experience preferred

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED.

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