Permanent
Job title:
Senior Development Accountant
Salary:
$90,000-$95,000 base salary + 10% bonus + benefits
Role status:
Toronto, ON - 4 days in office
Our client:
We are hiring on behalf of our client, a well-established real estate development and asset management organization with a diversified portfolio across residential and commercial assets, along with an active pipeline of development projects in the GTA. The company is financially stable, continues to invest in new opportunities, and is known for offering a collaborative environment with strong exposure to senior leadership and long-term career growth.
Intro paragraph:
Our client is seeking a Senior Development Accountant to support the accounting and financial management of several active development projects. This role works closely with the finance and development teams and will support projects through the full lifecycle, from acquisition and pre-construction through construction and stabilization. The portfolio includes a mix of residential and commercial projects, offering strong exposure to the operational and financial side of real estate development.
Principal tasks and responsibilities include:
- Manage accounting for multiple active development projects
- Prepare and submit construction loan draws
- Track development costs, capitalized interest, and project funding activity
- Monitor development budgets against actual spending and investigate variances
- Prepare monthly and quarterly financial statements and supporting schedules
- Support JV, lender, and investor reporting requirements
- Review work from outsourced property accountants and ensure accuracy of reporting
- Assist with forecasting, project cash flow tracking, and financial analysis
- Support ongoing project reporting and ad hoc development finance requirements
Qualifications and pre-requisites:
- 2+ years of development accounting experience
- Strong understanding of development project accounting and project cost tracking
- Experience with construction loan draws, development budgets, and project reporting
- Exposure to financial statements, lender reporting, and JV structures
- Strong attention to detail, organizational skills, and analytical ability
- Ability to work independently in a fast-paced environment
- Must be comfortable working in office four days per week
Additional information or perks:
- Join a stable, well-established real estate platform with a diversified commercial and residential portfolio
- Exposure to large-scale development projects across multiple asset classes
- Work closely with senior development and finance leadership
- Opportunity to join a business that remains active and growth-oriented in the current market
- Strong opportunity for career growth within development accounting
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