Manager of Accounting (Land Development) POST NUMBER: 306233
About the Company
Our client is a leader in Canadian real estate, having several divisions and associations. They are looking for a Manager of Accounting (Land Development) who will be responsible for overseeing accounting and financial operations for assigned land development projects, including journal entries, reconciliations, job costing, budgeting, variance analysis, and financial reporting. Manage project cash flow, funding draws, cash calls, distributions, loans, and equity reconciliations while reviewing invoices and change orders. Prepare year-end financial statement packages, support HST audits, maintain accurate financial documentation, supervise the land development department, and provide financial analysis and ad hoc support to management.
Why Work Here
· Opportunity to join a growing organization with room for development.
· Organization has real estate projects all over the GTA, with a constant pipeline of new and exciting projects.
· Get exposure to all real estate streams.
About the Opportunity
· Oversee the accounting and financial operations cycle for assigned portfolio of Land Development Companies, including high-risk transactions and journal entries (e.g. land purchase, land sales, cost recoveries, etc.), trial balance review, account reconciliations, job costing, and allocation reasonability.
· Accurate and timely monthly, quarterly, and annual reporting on project budgets and status, including project variance, cost analysis, and benchmarking to Project Managers and Senior Management.
· Preparation of year-end financial statement packages for the Company's financial reporting team and external accountants in accordance with generally accepted accounting principles.
· Preparation and maintenance of project budgets based on reviews with Project Managers and Finance Team for assigned portfolio, including detailed analysis on construction hard and soft costs as well as fee proposal analysis against budgeted amounts.
· Monitor and manage cash flow on development projects, including preparation of cash flow forecasts, cash progress funding draws, and analysis of loan and letter of credit utilization.
· Preparation of cash calls, distributions, and equity reconciliations for assigned portfolio of Land Development Companies and Holding Companies.
· Review of invoices and invoice coding, change order processing.
· Preparation, review, and reconciliation of internal and external loans and related interest calculations.
· Oversight and supervision of land development department.
· Document and maintain complete and accurate supporting information for all financial transactions.
· Assist in HST audits or reviews.
· Ad hoc projects and analysis as assigned to support the goals and objectives of the Company.
About You
· Professional Accounting Designation is required (CA, CGA, CMA, CPA).
· Bachelor’s degree in business or accounting.
· 5–7 years of experience in full-cycle accounting in development accounting and/or property accounting.
· Understanding of various joint business arrangements (JV, partnerships, etc.).
· Understanding of concepts and underlying details, ability to identify errors, and foresight to strategize and make decisions with consideration to both operational and financial implications.
· Experience with cash flow analysis and budgeting.
Salary Range
$110,000 - $130,000/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 #306233
This position for employment is for a current vacancy with Vaco/Highspring’s client. 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.
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com.
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
Representation Notice
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
For residents of Ontario, Canada: Based on Highspring’s discussions with its Client, Highspring’s understanding is that this position for employment is a current vacancy (either through Highspring as a contractor or with the client directly).
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring’s use of AI can be found here (https://www.highspring.com/ai-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client’s use of AI products in hiring.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.