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Project Accountant

Job Highlights

About the Opportunity

  • Liaison with development and construction team to prepare schedules to support financial proformas for internal approval
  • Prepare cash flow forecasts for the projects and cash requirements for partner funding
  • Prepare financial models, investor ratios and scenario analysis to present to potential investors
  • Using prescribed tools, prepare cost to date and cost to complete reports
  • Analyze project costs versus budgets and document variance for discussions with Project Accounting Manager and respective Project Managers
  • Assist Director, Financial Planning and Analysis with preparation of project information packages to attain financing from chartered banks or private equity
  • Prepare bank reconciliations, prepare and record journal entries to record loan, interest and bank charges. Manage cash receipts and disbursements
  • Prepare statement of adjustments for closings and record closing journal entries, after approval by Project Controller
  • Prepare and file (after approval by Project Controller) HST returns and assist Project Controller to respond to inquiries from CRA regarding HST reviews, audits and any other related matters
  • Follow up on outstanding ITC refunds. Prepare HST monthly tracking report for the CFO
  • Organize and review cheque runs for accuracy and timeliness, validate contents and identify cash requirements
  • Review and reconcile purchaser deposits. Enter cash receipts
  • Review and reconcile broker commission payable to 3rd party and internal sales agents
  • Prepare applications for new projects for Tarion, Builder’s Risk and GCNA insurance set up
  • Review and reconcile merchant account transactions and record upgrade deposits
  • Review and book accruals based on discussions with AP coordinators and project managers
  • Prepare required schedules and submissions for approval by Project Controller for bank and equity funding
  • Lead transition of financial data from legacy accounting program while providing insight and recommendations on workflow and accounting functions
  • Prepare ad-hoc financial reporting package for monthly internal meetings and assist with various accounting functions as necessary

About You

  • Accounting Degree required
  • 3-5 years of Project accounting experience in the real estate development environment is preferred
  • Experience with NewStar; advanced skills in excel and word
  • Ability to prioritize workload to meet deadlines
  • Organized and detail oriented with excellent analytical and communication skills
  • Ability to work with people at all levels


$65,000 - $70,000/year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #29805.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

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Project Accountant

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