Senior Project Accountant

Key Responsibilities – Project Focused

• 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 proforma and manage collection of documents and reports required by lenders / QS
• Prepare monthly bank draws and manage treasury function for project 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 proforma values; attend project cost to complete meetings and provide relevant budget and cost information
• 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 project team in tracking specific project scopes that have special tax treatment. Advise on when tracking is necessary by reviewing project scopes and special proforma 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 to management
• Distributions and external investor communications; prepare 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 project team
• Provide support / training to support groups for financial systems

Key Responsibilities – Financial Reporting

• Responsible for all Ontario projects 
• Prepare year-end file for assigned projects / entities
• Prepare project and entity financial statements, ensuring project reporting can be clearly tied back to financial accounting records and equity 
• Prepare and deliver reporting to institutional partners for JV and development management arrangements
• Prepare monthly and quarterly financial reports for internal and external stakeholders
• Manage and maintain project trial balances and reconcile GL and WIP
• Maintain the integrity of the general ledger for Land Development, Construction, Development and third-party development management projects
• Prepare audit information and support related to Construction and Development transactions
• Review SOA’s and prepare JE’s to record strata sales and construction revenue & cost of sales. Prepare entries to capitalize lease assets to various asset classes

Desired Skills and Experience

• Experience in construction and development operations, and project accounting
• An understanding of construction financing requirements
• 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
• 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)
• 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