Accounting Manager Adi Development Group Burlington, Ontario

We are one of Canada’s most forward-thinking real estate development, construction management and investment companies — a vertically integrated developer, builder and operator — with 4,000+ units in the pipeline, $3 billion in built value taking shape across the GTA and $1 billion+ in completed residential projects delivered.

Everyone we hire is a leader, and every leader at Adi operates by our Leadership Principles. We are obsessed with our customers and we insist on excellence in everything we do. We are never satisfied with the status quo. We hire and develop the best and give them ownership. We move with a bias towards action. We go see and dig deep to solve problems at the root. We debate, we disagree and we commit. We run lean. We think big and deliver big results. We invent and keep things easy. We earn and build trust. These aren’t posters on a wall. They’re the operating standard here, including for you.

THE ROLE

Reporting to the Controller, the Accounting Manager runs the day-to-day accounting function across the corporate and project entities — the month-end and year-end close, accounts payable and receivable, project accounting and the monthly construction draw cycle, payroll, and the accounting team that produces them. We are looking for a leader and a builder: someone excited about building this function, not simply maintaining it.

This is a working manager’s role. In the accountabilities below: prepare means you do the work yourself; review means your team prepares it and you are accountable for it being right before it leaves the department; approve means you are the sign-off in the workflow; own means you are accountable for the outcome, whoever does the work.



Expect more than half your week in preparation.

ACCOUNTABILITIES

Leading the team

- Lead and develop the accounting team — senior and associate accountants on the corporate entities, associate project accountants on the projects, accounts payable and payroll — with objectives aligned to the department’s strategy plan and a written development plan for every team member, reviewed quarterly.
- Train the team on systems and standards so the function does not depend on any one individual.

Month-end close and financial reporting

- Run the month-end and year-end close for all corporate and project entities against the published close calendar: prepare the judgment entries yourself and review every entry, reconciliation, HST return and supporting schedule your team prepares before the books close.
- Prepare the monthly and annual financial statements, the accounting for joint arrangements and related-entity investments, and the lender, investor and partner reporting packages for the Controller’s review and issuance.
- Review intercompany billings and settlements; every intercompany balance agreed monthly.
- Own the balance sheet: review every reconciliation monthly, with every reconciling item cleared within the period.
- Review the weekly bank reconciliations for every entity,



and the monthly debt reconciliations for every loan and facility — principal, draws, repayments, accrued interest and fees — and keep the debt schedule current at all times.

Project accounting

- Oversee the associate project accountants: review job cost accounting on every active project — budgets, commitments, change orders, actual costs and cost to complete — before it goes to the project teams and the Controller.
- Prepare the capitalized interest and capitalized cost entries, and ensure statutory holdbacks are accounted for under the applicable standard and each project’s financing agreements.
- Review the accounting for occupancy and final closings; prepare the revenue and cost of sales recognition on closing.

Accounts payable, construction draws and receivables

- Own accounts payable from intake to payment: approve the payment runs and ensure the monthly AP close is on time.
- Own the monthly construction draw cycle on every active project: all draws processed on time at 28 days, every month, no exceptions. Review the draw packages for reconciliation to the job cost ledger, commitments and change orders; manage escalations with the cost monitors; and ensure timely funding from lenders and partners.
- Review receivables and cash receipts — purchaser deposits and trust reconciliations, occupancy fees, closing statements of adjustments, HST rebate assignments, partner billings and rental receivables — and manage collections escalations.

Audit, tax, payroll and compliance

- Lead audit fieldwork: your team prepares the standard working papers, you prepare the judgment areas and assemble the full package in advance, and you are the day-to-day contact for the external au

📌 Accounting Manager (Burlington)
🏢 Adi Development Group
📍 Burlington