Accounting Manager

Job title:

Accounting Manager

Company

Vaco

Job description

About the Company
Our client is a real estate development company. They are looking for an Accounting Manager to join their team!Why Work Here

• Opportunity to work with one of the leading developers in North America
• Company is privately owned with a ton of pipeline and opportunities to progress
• Hiring manager was placed by Vaco and now promoted
• Fantastic office environment, newly renovated space with on-site gym and parking

About the Opportunity

• Maintain the general ledger and annual working paper files for the Housing Development portfolio by posting year-end journal entries and preparing financial statements.
• 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.
• 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.
• Review 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.

About You

• 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

Salary Range
$125,000 – $135,000/yearHow 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 #441514You 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.

Expected salary

$120000 – 130000 per year

Location

Toronto, ON

Job date

Sat, 05 Apr 2025 01:05:16 GMT

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