21 Oct
|
DEG Services
|
Canada
21 Oct
DEG Services
Canada
Company Description
For over forty years, DG Group has been a leader in planning and developing properties in a sustainable manner. In recognizing the link between creating progressive communities and nurturing a healthy environment, we have helped develop vibrant living places across Southern Ontario for future generations. Through continual innovation and constant collaboration, we remain committed to our original philosophical goal of bringing life to land.
To learn more about DG Group and how you will be challenged and inspired, please visit Home | DG Group .
Position Summary
The Accounting Manager supports the financial oversight, accounting, reporting, and cash management of a portfolio of real estate land development projects. Reporting to the Project Controller and working closely with the Finance & Project Management teams, this role provides review and guidance to the accounting team while supporting strong financial reporting and internal controls. The Accounting Manager applies solid analytical and business judgment to complex matters, connects information across projects and transactions, identifies interdependencies and downstream impacts, and contributes to process and systems improvements. The ideal candidate is a proactive and intellectually curious problem solver with strong technical capabilities, sound judgment, and excellent communication and interpersonal skills.
Key Responsibilities
Project Financial Reporting
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- Accountable for the day-to-day management of accounting and reporting for assigned real estate development projects, ensuring accuracy, completeness, and compliance with ASPE and internal policies;
- Ensure accurate and timely completion of:
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- externally prepared (PwC) year-end financial statements; review completed statements and support approval by the Project Controller;
- Periodic investor financial reporting;
- internally prepared investor stub period reporting;
- Review quarterly investor management reports to ensure timely and accurate reporting for all assigned projects;
- Work closely with the Project Managers to address project-specific matters as required;
- Conduct on-going corporation maintenance (e.g. new company set-up, dissolutions, amalgamations, etc.);
- Review loan, cash, and interest rate data supporting Sigma dashboard reporting, ensuring accuracy and consistency with underlying financing and banking information;
- Review project management fee calculations for accuracy and consistency with underlying agreements and project financial results;
- Review monthly bank reconciliations and investigate reconciling items and discrepancies;
- Review bookkeeping journal entries for accuracy, appropriate accounting treatment, and supporting documentation;
Financing Administration
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- Review loan draw packages and supporting documentation in accordance with credit facility requirements;
- Review monthly bank reporting packages, including financial and margin information;
Treasury, Tax & Compliance
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- Review and approve invoices related to accounting expenditures and management company operations, ensuring appropriate coding, supporting documentation, and alignment with underlying services and agreements;
- Oversee monthly cash management activities, including cheque runs, EFT payments;
- Monitor treasury activities, including review of investor funding requests and distributions;
- Oversee government reporting and tax compliance (HST, T5018, etc.);
- Prepare head office tax projections, including identification and analysis of items impacting taxable income and applicable tax adjustments;
- Prepare HST self-assessments for land acquisitions and land exchanges, including analysis of applicable tax treatment and supporting calculations;
- Oversee A/R collections and aging analysis; provide guidance to team on customer follow-ups and escalations;
People Leadership
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- Provide training, mentoring, and technical support to accounting staff;
- Assist with recruitment and onboarding;
Systems, Process Improvement & AI
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- Serve as Oracle NetSuite subject matter expert, leading period-close activities, maintaining accounting calendars, and collaborating on system enhancements;
- Drive continuous improvement initiatives, including the evaluation and implementation of AI-enabled tools to improve efficiency, controls, and reporting quality;
Other duties/projects as assigned from time to time.
Education and Exp
📌 Accounting Manager (Canada)
🏢 DEG Services
📍 Canada