11/15/2012
Project Accountant
Toronto
Toronto
Development - Central Region
2012-11-15_793
Contract

JOB DESCRIPTION

As the Project Accountant you will provide support to the Development team located in Toronto. This is an exciting long term contract opportunity, which reports to the Manager, Development Analysis, Central Region in Toronto. Responsible for preparing all financial and other data required in the monthly reporting of the Outlet Collection at Niagara. Utilizing key analytical skills including budgeting, financial analysis, valuation, cost control, accounting, forecasting, reporting and management you will provide financial analysis of the construction project, maintain cost control processes and provide financial reporting and financial review. You will prepare and maintain revenue models supporting the development pro-forma and monitor and report on actual costs versus approved budget.

Specific duties expected to be performed on site include:

 

  • Coordinate preparation and distribution of the Monthly Financial Review report;
  • Prepare elements of the Monthly Financial review; comprehensive analysis on key components of the development, identifying key issues impacting profitability;
  • Attend development meetings as required;
  • Work with the General Contractor to ensure timely response and communicate responsibilities;
  • Maintain project forecasts (Forecast to Complete) during construction;
  • Instruct and assist departments that have role in FTC by providing financial tools;
  • Assist Construction Manager with management of construction documentation;
  • Work with administration assistant to process all invoices; check for accuracy, compare to contracts as necessary, code all invoices and ensure proper approval received, assist with invoice payment process;
  • Prepare and provide financial information and reports as required, including Quarterly Board reporting and Year End;
  • Provide financial data to various departments including Insurance, Property taxes, Finance, Operations and Legal;
  • Understand and comply with key control measures to ensure safeguarding of funds, including identifying relevant policies of developer and Ivanhoe Cambridge;
  • Assist with Letters of Credit and assist development with posting, reducing and cancelling Letters of Credit and maintain schedule showing existing Letters of Credit and associated fees;
  • Assist with transition to Operations by providing data, as required;
  • Update tenant data monthly;
  • Coordinate payments of tenant allowances ensuring timely and accurate payments;
  • Work with tenant coordination to ensure a schedule is maintained showing all tenants, allowances and terms of payout.
 

 

KNOWLEDGE AND SKILLS REQUIRED

 

  • You will possess a minimum of 3 years real estate experience, with excellent analytical skills, cost control, accounting and forecasting knowledge. A business degree or diploma is necessary, a CMA or CGA designation is preferred, along with advanced Excel skills. You will be an independent thinker and self motivated with exceptional communication and organizational skills.