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Medallion Corporation is a privately owned, Toronto-based real estate company with over 60 years of experience in property ownership, development, and management. As a fully integrated firm, we take pride in being involved in every stage of the development process. Our portfolio includes residential subdivisions and multi-family rental communities, with a strong focus on purpose-built rental housing.

Since 2000, we have delivered over 5,000 rental units, with 1,200 more nearing completion—plus thousands more in the pipeline. As a long-standing leader in Canada’s housing sector, we are committed to providing high-quality, affordable housing solutions that help address the country’s housing needs.

About the Role Medallion Corporation is seeking a Controller, Development to oversee the accounting, financial reporting, and treasury functions across its active land development and high-rise purpose-build rental development projects. This role will be responsible for ensuring accurate project accounting, strong financial controls, and effective cash flow management throughout the development lifecycle.

Working closely with the development and construction teams, the Controller will play a key role in managing project financial performance, contractual obligations, and lender requirements, while providing leadership to the development accounting function.

Key Responsibilities

Oversee the full accounting cycle for development entities, including accounts payable, accounts receivable, bank reconciliations and construction draw reporting

Manage month-end and year-end close processes for development projects

Prepare and review project-level financial statements, cost reports, and variance analysis





Monitor project budgets, commitments, and cash flows to ensure alignment with pro formas and lender requirements

Oversee construction draw processes, including lender reporting and supporting documentation

Oversee monthly billing process to owners for active high-rise projects

Monitor cash inflows and outflows, including daily banking activity, and prepare cash flow forecasts for active projects

Review and interpret development-related contracts, including construction agreements, consultant contracts, municipal agreements, and joint venture agreements

Oversee and manage

letters of credit , including applications, tracking, reporting, and coordination with lenders and municipalities

Work closely with development and construction teams to track project costs, identify variances, and provide financial insights

Ensure proper accounting treatment of development costs, including capitalized interest and project-related expenditures

Coordinate with external auditors to support year-end reporting, including preparation and review of reporting packages and required financial information

Establish and maintain internal controls, policies, and procedures to ensure accuracy and minimize risk across projects

Set-up properties and projects when required





Review of Development payroll and related journal entries to ensure proper allocation to projects and preparation of monthly invoices to homebuilding projects

Ensure back-charges to trades or builders are issued and processed

Identify and implement process improvements to enhance efficiency and effectiveness of accounting workflows

Supervise and mentor a

Project Accountant , providing guidance and oversight of day-to-day project accounting activities

Support project close-out processes and transition of completed developments to stabilized operations

Perform ad hoc analysis and reporting as required by the VP Finance and CFO

Qualifications & Skills

8–12+ years of accounting experience, with a focus on high-rise residential

development accounting

Strong understanding of the

full development lifecycle , including budgeting, cost tracking, construction draws, and project close-out

Strong understanding of land development and subdivision processes, with experience in cost sharing tracking, and reconciliation of shared project costs

Experience working with

development contracts, joint venture agreements, lender requirements and letters of credit

Strong knowledge of cash flow management and forecasting within high-rise residential development projects

Proven ability to oversee full-cycle accounting and financial reporting for multiple projects

Experience supervising and mentoring accounting staff

Solid attention to detail and ability to manage multiple priorities across active developments

Excellent communication skills and ability to work closely with cross-functional teams

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Apply on Kit Job: kitjob.ca/job/2g8st2

📌 Financial Controller-Development (Toronto)
🏢 Medallion
📍 Toronto