Project Accountant, Real Estate Development & Construction

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TITLE
Project Accountant, Real Estate Development & Construction

SALARY RANGE
$80,000 – $95,000

CASH BONUS
Discretionary

THE PERKS

• Standard health benefits

• Lifestyle Spending Account (up to $100/month)

• Professional development support (up to $2,500/year)

• CPA dues support

• 3 weeks of vacation

LOCATION
Toronto, ON

THE OFFICE
In-Office (4 days a week, 1 day remote)

TEAM SIZE
Under 5 people

THE ROLE
A key contributor responsible for end-to-end project accounting across an active portfolio of development and construction projects.

• Project Accounting & Financial Oversight (35%)

• Billing, Draws & Cash Flow (25%)

• Financial Reporting & Compliance (25%)

• Accounts Payable Oversight (15%)

THE TASKS
Project Accounting & Financial Oversight

• Maintain and reconcile project job cost records, general ledger accounts, and project subledgers

• Review budgets, forecasts, and cost-to-complete; monitor and explain variances

• Ensure accurate financial reporting throughout the project lifecycle, including project close-out

• Partner closely with project managers and construction leads, integrating into the day-to-day to support sound financial decision-making

Billing, Draws & Cash Flow

• Prepare and review lender draws, cash calls, and partner funding requests

• Liaise directly with external cost consultants on monthly draw processes

• Maintain continuity schedules for loans, interest, and amortization, and record project capital activity

Financial Reporting & Compliance

• Record journal entries and complete monthly reconciliations

• Support monthly, quarterly, and year-end reporting requirements including financial statements

• Coordinate government remittances and reporting (HST, CRA support as needed), and liaise with auditors, lenders, and joint venture partners

Accounts Payable Oversight

• Provide oversight and technical guidance on the construction accounts payable process performed by the AP team

• Review contracts, purchase orders, invoice coding, and cost allocations for accuracy, validating costs against approved budgets, contracts, and project status

THE COMPANY
An established real estate development firm with an active portfolio spanning development, construction, and property management. With multiple projects in development and a growing construction pipeline, the firm is in a meaningful phase of expansion and is actively building out its in-house accounting capabilities.

THE OPPORTUNITY
Step into a role with real ownership and visibility — supporting the build-out of an in-house construction accounting practice on the ground floor of multiple active and upcoming projects. Ideal for an experienced project accountant who wants to help shape processes, work closely with a tight-knit accounting team, and grow alongside a portfolio that is expanding into active construction.

THE EXPECTATIONS TIMELINE
By Month 1

• Take ownership of project accounting for assigned development and construction projects

• Document and understand existing accounting processes across the portfolio

• Build relationships with the accounting team, project managers, and external partners

• Get comfortable with the project accounting system (Yardi) configuration and reporting structure

By Month 3

• Lead month-end close for assigned projects independently

• Take full ownership of project job cost records, reconciliations, and journal entries

• Run lender draw processes and coordinate directly with external cost consultants

• Begin partnering with the AP function to ensure invoice coding and cost allocation accuracy

By Month 6

• Own all project accounting and financial oversight for an assigned project portfolio

• Drive process improvements as the firm scales its construction accounting practice

• Contribute to budget, forecast, and cost-to-complete review cycles

• Support audit, year-end reporting, and financial statement preparation

By Month 12

• Recognized as the go-to project accounting resource as new projects come online

• Lead onboarding of additional projects into the accounting system

• Establish efficient information flow between project teams and finance

• Position for advancement as the portfolio scales (CPA designation a nice-to-have for longer-term growth)

THE SKILL SET

• A minimum of 2 years of active construction project accounting experience (high-rise preferred)

• Strong intermediate to advanced Excel skills

• Hands-on experience with a project or construction accounting system (Yardi preferred)

• Excellent verbal and written communication skills

ONLY QUALIFIED CANDIDATES WILL BE CONTACTED. WANT TO SEE MORE JOBS OR GET MORE DETAILS?

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