Senior Accountant, Residential Development

Job Description

<h3>Job Description</h3><p>Job Description<p><p>Title Senior Accountant, Residential Development</p><p>Department Accounting Department</p><p>Reports to VP, Accounting</p><p>General Description:</p><p>The Senior Accountant, Residential Development, will report to the VP, Accounting and is responsible for overseeing all the accounting functions within the residential development portfolio including low-rise developments and hi-rise (condo) developments.</p><p>Madison has over 5 million sq. ft of <strong>approved</strong> hi-rise development projects, to be constructed over the next decade or so, as well as over 2 thousand low rise approved units over the same period of time.</p><p>Main Responsibilities:</p><ul><li>Maintain the general ledger and annual working paper files for the housing development portfolio by posting year-end journal entries and preparing financial statements.</li><li>Generate quarterly financial reports and monthly project reports required by lenders.</li><li>Develop, implement, and maintain construction management system, including setting up projects (jobs), budgets, job costs, cost codes, contracts, change orders, purchase orders, and various construction progress reports.</li><li>Perform and /or oversee monthly bank reconciliation and reconciliation of control accounts (accounts receivable and accounts payables) to subsidiary ledgers, intercompany balances, schedules of balance sheet accounts.</li><li>Ensure accurate preparation of monthly HST reconciliations, file HST returns, and ensure remittances for each project on a prompt basis.</li><li>Perform accounting duties throughout the project, such as posting acquisitions and sales closings entries for high-rise and low-rise projects, analyzing all transactions, and working unforeseen costs into the budget, and estimating cash flow.</li><li>Perform / oversee intercompany charge-back billings and reconciliations. </li><li>Review purchase orders and accounts payable listing, prepare accounts payable journals, and process invoices if needed.</li><li>Oversee A/P staff and ensure that invoices are entered into the system correctly by AP staff and that all the relevant supporting schedules are complete and accurate.</li><li>Oversee bank loans/BA renewals.</li><li>Other duties/projects as assigned from time to time.</li></ul><p>Required Skills and Qualifications: </p><ul><li>Minimum of 5-8 years’ real estate construction/job cost accounting experience, or an equivalent combination of education and experience.</li><li>Excellent knowledge of construction cost accounting and related financial procedures.</li><li>Experience with Newstar (Constellation) is an asset, Advanced working knowledge of MS Excel and Word is required.</li><li>Experience and knowledge of all aspects of year-end working papers preparation and Caseware is required.</li><li>Professional Accounting designation </li><li>Knowledge of Yardi an asset</li><li>Excellent verbal and written communication skills and possess strong analytical and problem-solving skills.</li><li>Solid analytical and mathematical skills.</li><li>Meticulous attention to detail and a high level of accuracy.</li><li>Ability to multitask and thrive in a fast-paced environment.</li><li>Flexible with a “can-do” attitude – Team Player</li><li>Support our company’s values: Honesty, Integrity, Respect, Trust.</li></ul><p>Madison Group celebrates diversity and is proud to be an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applications and make all employment-related decisions without regard to race, color, religion, sex, national origin, sexual orientation, gender, age, or disability. </p><p></p><p>We thank all applicants for their interest; however, only those selected for an interview will be contacted. </p><p></p><p></p></p></p>