Accounting Manager, Residential Development (Accounting)
at Madison Group
North York, ON, Canada -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 27 Nov, 2024 | USD 110000 Annual | 29 Aug, 2024 | 8 year(s) or above | Communication Skills,Management Skills,Yardi,Financial Procedures | No | No |
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US Citizen | Student Visa |
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Employment Type:
Full Time | Part Time |
Permanent | Independent - 1099 |
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C2H W2 | Contract – Corp 2 Corp |
Contract to Hire – Corp 2 Corp |
Description:
GENERAL DESCRIPTION:
The Accounting Manager, Residential Development, will report to the Director of Accounting and is responsible for overseeing all the accounting functions within the residential development portfolio including low-rise developments and hi-rise (condo) developments.
Madison has over 5 million sq. ft of approved hi-rise development projects, to be constructed over the next decade or so, as well as over 2 thousand low rise approved units over the same period of time.
REQUIRED SKILLS AND QUALIFICATIONS:
- Minimum of 8+ years’ real estate construction/job cost accounting experience, or an equivalent combination of education and experience.
- Excellent knowledge of construction cost accounting and related financial procedures.
- Proficient in Newstar (Constellation), and advanced working knowledge of MS Excel and Word is required.
- Experience and knowledge of all aspects of year-end working papers preparation and Caseware is preferred.
- Professional Accounting designation
- Knowledge of Yardi an asset
- Previous management skills in managing and motivating staff
- Excellent verbal and written communication skills and possess strong analytical and problem-solving skills.
- Solid analytical and mathematical skills.
- Meticulous attention to detail and a high level of accuracy.
- Ability to multitask and thrive in a fast-paced environment.
- Support our company’s values: Honesty, Integrity, Respect, Trust.
Responsibilities:
- Maintain the general ledger and annual working paper files for the Housing Development portfolio by posting year-end journal entries and preparing financial statements.
- Prepare cost analyses by interpreting projects’ financial data and information and report any financial risks and budgetary discrepancies to management for review.
- Generate quarterly financial reports and monthly project reports required by lenders.
- Develop, implement, and maintain construction management system, including setting up projects (jobs), budgets, job costs, cost codes, contracts, change orders, purchase orders, and various construction progress reports.
- Monitor budgets, costs incurred, costs to complete, committed costs and anticipated final costs in project management and accounting system.
- Perform and /or oversee monthly bank reconciliation and reconciliation of control accounts (accounts receivable and accounts payables) to subsidiary ledgers, intercompany balances, schedules of balance sheet accounts.
- Perform monthly HST reconciliations, file HST returns, and ensure remittances for each project on a prompt basis.
- Perform accounting duties throughout the project, such as posting acquisitions and sales closings entries for high-rise and low-rise projects, analyzing all transactions, and working unforeseen costs into the budget, and estimating cash flow.
- Ensure accurate preparation of SOAs and verify that all SOAs align accurately with records at the time of closings, confirming that all closing funds received match with sales records.
- Generate intercompany charge-back billings and reconciliations.
- Review purchase orders and accounts payable listing, prepare accounts payable journals, and process invoices if needed.
- Manage A/P staff and ensure that invoices are entered into the system correctly by AP staff and that all the relevant supporting schedules are complete and accurate.
- Ensure that holdbacks are retained and released in compliance with contractual agreements.
- Oversee bank loans/BA renewals.
- Other duties/projects as assigned from time to time.
REQUIREMENT SUMMARY
Min:8.0Max:13.0 year(s)
Accounting
Accounts / Finance / Tax / CS / Audit
Accounts Management
Graduate
Proficient
1
North York, ON, Canada