Development Accountant

QuadReal - Vancouver, BC (30+ days ago)

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About QuadReal

Headquartered in Vancouver, Canada, QuadReal Property Group is a global real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $153.4 billion portfolio.

QuadReal manages a $37.6 billion portfolio spanning 23 Global Cities across 17 countries. The company seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

Role Description

The role of the Development Accountant (DA) at QuadReal Property Group is to maintain and document the financial status of commercial and residential properties under development across different entities within the Domestic portfolio. The successful DA takes full ownership of his/her portfolio and is fully proficient in both the technical and non-technical requirements of Development/Cost accounting. In addition, the DA possesses qualities that set them apart and allows them to act as a resource for the development team(s).

Responsibilities

Accounting for 3rd Party and Joint Ventures including -
Uploading and review of JV Financials and Job Cost
Liaise and work closely with the development teams and 3rd Parties, including attending project status meetings and providing financial updates
Monthly review of job cost activity to ensure consistent and proper coding.
Prepare monthly financial reports, providing timely and accurate analysis of financial results and operating metrics.
Assist in Interim and Annual Audits
Assist in 3rd Party and Joint Venture Cash Management including -
Draw packages
Capital calls
Coordination of funding between parties
Assist in budget tracking including projected final, committed, CTC and forecasting for 3rd Parties and Joint Ventures
Assist in annual budget process
Work with property accounting to co-ordinate transition of properties under development to income producing.
GST & HST returns
Bank Reconciliations, where required
Assist invoice process in accordance to internal payment policy
Ensure development fees are properly calculated and paid in a timely manner.
Become subject matter expert in JV accounting and reporting
Assist in updating and maintaining the Development Accounting Policies and Procedures Manual.
Assist in the design and implementation of internal controls related to development activity.
Complete all job functions relating to assigned properties accurately, efficiently, and by the assigned deadlines.

Experience and Qualifications:
Post secondary education in, business or real estate considered an asset
Minimum 1-3 years accounting experience in a development and construction accounting environment.
Specialized computer skills in a range of software including: Yardi, JD Edwards enterprise software and Microsoft Office.
Self starter
Independent
Time management and priority to organization
Effective Decision Making within level of authority
Problem Solving
Analytical Skills
Accurate
Effective communication, written and verbal
Teamwork, ability to develop and maintain cooperative working relationships
Contribute to a positive work environment / culture

QuadReal Property Group will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format. If you require accommodation, please advise the Talent Acquisition team member you are working with and include the following: Job posting #, your name and your preferred method of contact.

Want to learn about our end-to-end recruitment process? Click this link for a short video that will take you through each step, so you’ll know exactly what to expect.