Full-Time

Project Accountant

Construction

Posted on 11/28/2024

Adi Development Group

Adi Development Group

51-200 employees

Develops luxury residential and commercial properties

Real Estate

Mid

Burlington, ON, Canada

Hybrid position in Burlington, Ontario.

Category
Financial Accounting
Management Accounting
Accounting
Required Skills
Financial analysis
Requirements
  • 3-5 years of experience as a Project Accountant in the construction or real estate development industry
  • Bachelor’s degree in Accounting, Business Administration or closely related
  • CPA designation complete or in progress
  • Advanced Excel skills
  • Strong skills in budget monitoring and variance analysis.
  • In-depth understanding of GAAP and tax regulations.
  • Proficiency in financial analysis
  • Proficiency in accounting software and advanced skills in Microsoft Excel
  • High attention to detail and exceptional organization skills
  • Takes proactive steps in identifying and resolving financial issues.
  • Maintains high ethical standards and confidentiality.
  • Committed to ongoing learning and process optimization.
  • Proven problem solver
  • Customer and deadline focused
Responsibilities
  • Responsible for the payment and draw cycles, project budget system update and coding & adherence and project reporting to operating teams
  • Maintain strict payment draw schedule ensuring all draws are prepared and reviewed according to the standard process
  • Prepare various Project funding draws
  • Review invoices that have been processed by Accounts Payable
  • Update and maintain all project budgets within Sage and ensure accurate data interface between Sage system and Procore construction management systems
  • Work closely with Construction Project managers to ensure coding accuracy and in accordance with budgets. Raise early notice of budget variances. Hold training sessions as necessary for new PMs
  • Work with the Project Accounting Manager, Sales & Marketing department and external law office to prepare each Project’s closing site record to support each unit closing statement
  • Work with Project Accounting Manager to complete each Project’s budgeted cost, unit allocations and cost recognition
  • Complete HST filings and T5018 returns on time
  • Other responsibilities as required
Adi Development Group

Adi Development Group

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Adi Development Group focuses on real estate development in Burlington, Ontario, specializing in high-quality and sustainable residential communities and commercial spaces. The company builds luxury townhomes, condominiums, and commercial properties, catering to homebuyers and businesses. Their process involves acquiring land, obtaining zoning approvals, and developing properties for sale, with prices ranging from $200,000 to $1,500,000. A key aspect that sets Adi Development Group apart from competitors is their successful navigation of zoning regulations, allowing for timely project completion. Their goal is to create exceptional value through luxury and sustainable developments while keeping clients informed about project progress through regular updates.

Company Stage

N/A

Total Funding

N/A

Headquarters

Burlington, Canada

Founded

2007

Growth & Insights
Headcount

6 month growth

-7%

1 year growth

-7%

2 year growth

-7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing a $155.5m construction loan demonstrates strong financial backing and confidence in their projects.
  • The launch of limited penthouse suites at Nautique Lakefront Residences indicates a focus on high-value, exclusive offerings.
  • Regular project updates and a transparent development blog foster trust and engagement with clients.

What critics are saying

  • The high-end market focus may limit their customer base, making them vulnerable to economic downturns.
  • Delays in construction or zoning approvals could impact project timelines and client satisfaction.

What makes Adi Development Group unique

  • Adi Development Group focuses on high-quality, sustainable residential and commercial properties, setting them apart in the Burlington real estate market.
  • Their expertise in navigating zoning regulations, as evidenced by their successful Section 43 Zoning Appeal, ensures timely project completion.
  • The company’s commitment to sustainability and luxury design appeals to a niche market of high-end homebuyers and businesses.

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