Senior Project Accountant
Etobicoke, ON
Finance – Project Accounting /
Permanent Full Time /
On-site
At Beedie, we foster talent, encourage innovation, and reward success.
We’re always looking for like-minded people to join our team and share our passion for doing the best work of our lives. Our approach is simple: we work hard, we have fun, and we make a difference. And, we’ve been recognized as a top employer provincially and nationally. Our people are the heart and soul of our organization. If you are passionate, hardworking, ambitious, and want to be part of a dynamic and growing company that will take your career forward, join us.
Since 1954, Beedie has combined innovation and craftsmanship to bring new possibilities to life. Today, we are one of Canada’s largest industrial and residential developers, having completed more than 35 million square feet of new development across BC, Alberta, southern Ontario, and Las Vegas, Nevada. With multiple industrial projects currently under construction and 9 projects totaling over 1.5M SF currently in development across the GTA, Beedie is looking for talented individuals to join our growing Ontario team as we continue to be built for good.
Position Overview
Operating as the financial lynchpin of the project, the Senior Project Accountant (“Sr. PA”) will bring together multiple stakeholders and budget owners to manage and oversee the financial performance of the project and related entity. Responsible for ensuring all steps of project accounting are complete in accordance with the underlying contracts, including job costing, cost allocation, revenue, and billings.
Key Responsibilities – Project Focused
- Monitor project costs, prepare interim and final reports, and explain/investigate variances
- Advise on coding of project costs and prepare reallocation entries as needed
- Build financing proforma and manage collection of documents and reports required by lenders / QS
- Prepare monthly bank draws and manage treasury function for project ensuring sufficient funds are available to cover costs in place; manage and report on project working capital
- Prepare and update project cash flow models incorporating forecasts from budget managers and anchor to proforma values; attend project cost to complete meetings and provide relevant budget and cost information
- Prepare monthly progress draws/invoices and monitor related collections for external construction contracts; initiate payment for internal progress claims
- Review subcontracts and purchase orders for supporting documentation, coding, and approvals
- Assist project team in tracking specific project scopes that have special tax treatment. Advise on when tracking is necessary by reviewing project scopes and special proforma items
- Review project invoices for correct coding and required change orders; follow up with budget managers
- Manage Procore/Yardi integration for respective projects including adding vendors and syncing budgets and cost codes
- Ensure Procore / Yardi workflows are set up with correct individuals
- Review current contract balances with budget managers in conjunction with forecasts and advise on potential change orders required
- Holdback and prompt-payment management for vendors
- Review and understand project contracts (construction contract, JV agreement, lending agreements, development management agreement, etc.); enforce contractual terms with project teams and identify gaps to management
- Distributions and external investor communications; prepare legal documentation for distributions and p-notes
- Create, maintain, and update job records for new and existing projects
- Ensure uploaded budgets align with approved project proformas
- Advise on insurance values for GC projects
- Monitor letters of credit and bonds requested by project team
- Provide support / training to support groups for financial systems
Key Responsibilities – Financial Reporting
- Responsible for all Ontario projects
- Prepare year-end file for assigned projects / entities
- Prepare project and entity financial statements, ensuring project reporting can be clearly tied back to financial accounting records and equity
- Prepare and deliver reporting to institutional partners for JV and development management arrangements
- Prepare monthly and quarterly financial reports for internal and external stakeholders
- Manage and maintain project trial balances and reconcile GL and WIP
- Maintain the integrity of the general ledger for Land Development, Construction, Development and third-party development management projects
- Prepare audit information and support related to Construction and Development transactions
- Review SOA’s and prepare JE’s to record strata sales and construction revenue & cost of sales. Prepare entries to capitalize lease assets to various asset classes
Desired Skills and Experience
- Experience in construction and development operations, and project accounting
- An understanding of construction financing requirements
- Capacity to connect with construction and development teams, understand their perspectives and communicate effectively with an operational mindset
- Excellent interpersonal skills with a natural inclination for collaboration
- An organized self-starter with a strong work ethic who can succeed both independently and collaboratively within a team environment
- Able to be flexible and manage multiple objectives, likely with competing priorities
- Strong attention to detail balanced with an awareness of the bigger picture
- University degree and accounting designation (CA, CPA, CGA, CMA)
- Strong understanding of GAAP, REALpac and financial reporting
- Intermediate to advanced knowledge of MS Office
- Experience with Yardi ERP and Procore project management software is an asset
We value your interest in Beedie. While we can only respond to shortlisted applicants, we will keep your information on file and consider you for future opportunities as they come available.
