Location:
22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5
Senior Manager, Development Accounting – Residential
The Senior Manager, Development Accounting – Residential, reporting to the AVP, Development Portfolio Management & Accounting, will oversee the financial management, accounting, and reporting for specific residential development projects managed by Choice. This role is responsible for ensuring robust project accounting, and providing timely, accurate financial information to support strategic decision-making throughout the development lifecycle.
Responsibilities:
- Support the Development Accounting team to ensure departmental objectives are achieved.
- Oversee end-to-end project accounting for assigned residential projects, ensuring comprehensive monthly and quarterly financial reporting for internal and external stakeholders.
Manage project-specific accounting tasks, including:
- Preparation and submission of loan draws and cash calls to related party and lenders.
- Preparation of accurate bank and balance sheet reconciliations
- HST filings and compliance, including the HST self-supply rule for residential projects.
- Project profit and cash flow reporting, including variance analysis.
- Reporting to lender and ensuring compliance with financing agreements.
- Collaborate with internal teams (Development, Construction) and external stakeholders to ensure timely approvals and effective cash flow management.
- Ensure all project-related accounting transactions, including the transition from development to operational accounting, are completed accurately and timely.
- Implement and maintain accounting policies and procedures specific to complex residential development projects, ensuring compliance with internal controls and IFRS.
- Identify opportunities for process improvement; recommend and implement enhancements to existing project accounting processes.
- Ensure all Internal Control Policies and Procedures are followed, including the documentation and completion of proper audit trails.
- Support related party accounting, including financial reporting and compliance with other reporting requirements.
Business Partnership
- Build and maintain effective relationships with internal and external stakeholders, understanding their needs and delivering timely, accurate, and relevant financial information.
- Act as a trusted advisor to project team, supporting strategic decision-making and risk management.
Qualifications:
- Minimum 5-7 years full cycle accounting experience; preferably within real estate development and complex residential projects.
- Minimum 2-4 years supervisory experience, working with team members of diverse levels of experience.
- Post-secondary education with specialization in Accounting, Business, Economics, Real Estate or a related field.
- CPA (CGA, CMA, CA) designation is required.
- Demonstrated experience with full-cycle project accounting, job cost, and development accounting practices.
- Proficiency with Microsoft Suite (Excel, PowerPoint, Word), financial systems (JDE, BI tools, Spreadsheet Server), and experience with SQL and Power BI is an asset.
- Experience with HST filings and compliance, including the HST self-supply rule for residential projects, is strongly preferred.
- Strong analytical, critical thinking, and problem-solving skills, with high attention to detail and accuracy.
- Excellent interpersonal and communication skills, both written and verbal, with the ability to collaborate effectively across all levels of the organization.
- Ability to adapt to new challenges and prioritize tasks in a fast-paced, evolving environment.
- Strong proficiency in analyzing and resolving standard issues by applying experience, judgment and established precedents to determine effective solutions.
About Choice Properties
Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centers.
Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through high quality transactions, strategic development and active property management. We mainly focus on necessity-based retail, and high-quality industrial and mixed-use assets. In particular, we have a strategic relationship with Loblaw, our largest tenant, that provides us with access to high quality investment opportunities.
Our established operating platform with a proven track record of success also provides us with access to a transformational development pipeline that we believe supports superior long-term value creation and growth. A commitment to continuous learning and development is a strong part of our culture.
Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and employees with disabilities.
In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.
Number of Openings:
1
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