Senior Project Accountant

Your new company

A well-established development company known to be one of its kind. Has been in business for a number of years with large scale projects and is known for both their construction and development projects.

Your new role

• Monitor project costs, prepare interim and final reports, and explain/investigate variances
• Advise on coding of project costs and prepare reallocation entries as needed
• Build financing pro forma and manage collection of documents and reports required by lenders / QS
• Prepare monthly bank draws and manage treasury functions for projects, ensuring sufficient funds are available to cover costs in place; manage and report on project working capital
• Prepare and update project cash flow models incorporating forecasts from budget managers and anchor to pro forma values; attend project costs to complete meetings and provide relevant budget and cost information
• Develop and maintain interest and financing-related KPIs, including: interest carry and capitalization metrics, project IRR and return-based indicators, compliance with lender and partner reporting requirements
• Prepare monthly progress draws/invoices and monitor related collections for external construction contracts; initiate payment for internal progress claims
• Review subcontracts and purchase orders for supporting documentation, coding, and approvals
• Assist the project team in tracking specific project scopes that have special tax treatment. Advise on when tracking is necessary by reviewing project scopes and special pro forma items
• Review project invoices for correct coding and required change orders; follow up with budget managers
• Manage Procore/Yardi integration for respective projects, including adding vendors and syncing budgets and cost codes
• Ensure Procore / Yardi workflows are set up with correct individuals
• Review current contract balances with budget managers in conjunction with forecasts and advise on potential change orders required
• Holdback and prompt-payment management for vendors
• Review and understand project contracts (construction contract, JV agreement, lending agreements, development management agreement, etc.); enforce contractual terms with project teams and identify gaps in management
• Lead the preparation, review, and delivery of monthly, quarterly, and ad hoc financial reporting packages for external partners, joint venture partners, and lenders, including legal documentation for distributions and P-notes.
• Create, maintain, and update job records for new and existing projects
• Ensure uploaded budgets align with approved project proformas
• Advise on insurance values for GC projects
• Monitor letters of credit and bonds requested by the project team
• Provide support / training to support groups for financial systems

What you'll need to succeed

• Experience in construction and development project accounting, with demonstrated exposure to external partner and lender reporting
• An understanding of construction financing requirements, interest mechanics, and covenant reporting.
• Capacity to connect with construction and development teams, understand their perspectives and communicate effectively with an operational mindset
• Excellent interpersonal skills with a natural inclination for collaboration
• An organized self-starter with a strong work ethic who can succeed both independently and collaboratively within a team environment
• Proactively design and implement process improvements that enhance accuracy, efficiency, and consistency across project reporting, interest calculations, and financing metrics
• Able to be flexible and manage multiple objectives, likely with competing priorities
• Strong attention to detail balanced with an awareness of the bigger picture
• University degree and accounting designation (CA, CPA, CGA, CMA) or in progress
• Strong understanding of GAAP, REALpac and financial reporting
• Intermediate to advanced knowledge of MS Office
• Experience with Yardi ERP and Procore project management software is an asset

What you'll get in return

You will gain a competitive salary of $95k — $105k, RRSp, vacation, benefits, exceptional individual and team performance through our pay-for-performance bonus program.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.

If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.

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#1126524 - Sarah Ryan