Accounting Manager, Residential Development

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Company: IMS Group

Location: Toronto, ON M4E 3Y1

Description:

Job Descriptions:
  • 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.


Job Requirements:
  • 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
  • Experience with Newstar (Constellation) is an asset, 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.

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