Development Accountant

$70K- $80K + Benefits

Toronto, ON (Fully Onsite)

Our client, an established real estate development company, is seeking a Development Accountant to join their Development Accounting team.

The team is looking for someone who is proactive, detail-oriented, and motivated to work in a fast-paced, entrepreneurial environment. Candidates with experience in real estate development and/or property accounting will be strongly preferred.

Key Responsibilities

- Manage full-cycle accounting for an assigned portfolio of land development companies, including journal entries, reconciliations, and trial balance reviews.
- Prepare monthly bank and loan reconciliations, including related interest calculations.
- Review and process accounts payable and receivable, including invoice coding and vendor management.
- Prepare journal entries related to land purchases, land sales, and cost recoveries.
- Monitor project costs, job costing, and cost allocations.
- Track and reconcile lot discharges, house closings, and letters of credit.
- Prepare intercompany reconciliations and monthly financial reporting for internal and external stakeholders.
- Monitor development project cash flow and prepare cash flow forecasts.
- Prepare funding draws and analyze loan and letter of credit utilization.
- Assist with joint venture accounting, including cash calls, distributions, and equity reconciliations.
- Support HST returns, audits, and other financial reporting requirements.




- Assist with ad hoc accounting projects and financial analysis.

Qualifications

- Minimum 3 years of full-cycle accounting experience within real estate development and/or property accounting.
- Bachelor's degree in Accounting, Business, or a related field.
- Understanding of joint ventures, partnerships, and other business arrangements.
- Experience with cash flow analysis, forecasting, and budgeting.
- Strong understanding of general ledger accounting, reconciliations, and financial reporting.
- Experience with development project costing and financing is an asset.
- Advanced Excel skills and strong proficiency in Microsoft Office.
- Newstar experience is considered an asset.
- CPA designation completed or nearing completion is considered an asset.
- Strong analytical and problem-solving skills with excellent attention to detail.
- Ability to manage multiple projects and deadlines in a fast-paced workplace.
- Excellent communication skills and the ability to work collaboratively across different departments.

What's Offered

- Competitive compensation based on experience and qualifications.
- Comprehensive benefits package, including health, dental, and vision coverage.
- Paid time off.
- On-site parking.
- Opportunity to gain exposure to a diverse portfolio of land development projects and work closely with senior accounting leadership.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.

📌 Development Accountant (Toronto)
🏢 Winchesters
📍 Toronto