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Project Accountant

About the Company
Our client is a leading company in the residential home construction and development industry. They are currently looking for a Project Accountant who will be responsible for performing the day-to-day accounting tasks as it relates to specific projects.

Why Work Here

• Comprehensive salary and benefits package
• Fast-paced, collaborative environment and workplace
• The company is very supportive of professional development

• Using prescribed tools, prepare cost to date and cost to complete reports.
• Prepare bank reconciliations; record journal entries to record loan, interest, draws, deposits, and bank charges, while managing cash receipts and disbursements.
• Prepare statement of adjustments for closings and record closing journal entries.
• Record trust deposits once confirmation of deposit received from the legal department and reconcile trust deposits on a monthly basis.
• Prepare and file HST returns and assist in responding to inquiries from CRA regarding HST reviews, audits and any other related matters; follow up on outstanding ITC refunds.
• Ensure government filings related to projects (T5018) are prepared and filed.
• Prepare management fee calculation and reconcile to management fee tracker.
• Prepare margin reports for revolving loans to submit to financial institutions.
• Organize and review cheque runs for accuracy and timeliness, validate contents and identify cash requirements.
• Ensure funding is available before releasing cheques and communicate with Accounts Payable Manager to release cheques.
• Transfer funds and make payments as required via online banking; obtain approvals for transactions.
• Review and reconcile purchaser deposits and enter cash receipts.
• Respond to inquiries from purchasers for refunds of property taxes and grading deposits.
• Review and reconcile broker commission payable to 3rd party and internal sales agents.
• Review and reconcile merchant account transactions and record upgrade deposits.
• Review and book accruals based on discussions with AP coordinators and project managers.
• Prepare funding cash calls for various projects and prepare financial statements and cash flow forecasts.
• Correspond and collect information for financial statement audits.
• Prepare ad-hoc financial reporting package for monthly internal meetings and assist with various accounting functions as necessary.

• CPA completed or in progress
• 3-5 years of accounting experience in real estate development environment.
• Experience with NewStar; advanced skills in excel and word.

Salary Range
$80,000 - $90,000/year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #362992.

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.