Latest Job Opening for Accounting & Finance  Job #00830 Position Development Accountant Salary Reports to $45K - $60K Manager, Development Accounting Responsibilities The duties and responsibilities for the position include, but are not limited to, the following: 1) Preparation of “Development Status Reports” (summary of actual development costs compared to contracts and proformas) for a portfolio of developing projects. 2) Prepare, review and analyze cash flows, cost variances, equity requirements, and fee payments. 3) Preparation and submission of monthly draws to various lending institutions in conjunction with loan facilities arranged for each development property. 4) Prepare cost analysis in accordance with agreements and business unit requirements. 5) Prepare and deliver monthly/quarterly development reporting to partners. 6) For all development projects, review, summarize and ensure compliance with all financial aspects of agreements with partners and lenders. 7) Calculation and invoicing of development, leasing, disposition and acquisition fees; as permitted under various partner/lender agreements for each property. 8) Administration and processing of outside agent leasing commissions for all properties. 9) Administration and processing of consultant invoicing. 10) Prepare construction invoicing for all properties. 11) Prepare bank reconciliations as required. 12) Analyze cash balances and monitor the release of payments. 13) Ensure that the property WIP ledgers are kept current and accurate. 14) Ensure that Holdback accounts are properly managed and released only when due with proper funding. 15) Prepare inter-company bank transfers as necessary; 16) Review all payments/cheques and submit for signature in conjunction with institutional funding and/or cash availability. Expectations: · Process Improvement and Innovation – The expectation is that the Development Accountant will continually address any changes and/or improvements that present themselves on a day-to-day basis. The Development Accountant will also strive, continuously, to not only improve the accounting and administrative process, but also ensure that appropriate respect and attention is given by each member of his/her team to the other functional areas of the company, our unit holders, our partners/co-owners, our auditors, our tenants, and outside vendors with which they must coordinate to accomplish their mission. · Relationship Management – The expectation is that the Development Accountant will take ownership of the management of any and all relationships outside of the company to unit holders, partners/co-owners, auditors, tenants and vendors.   Requirements 1) Enrolled in the 3rd or 4th level of Professional Accounting Program (CA, CGA, CMA). 2) University or college degree. 3) Minimum 2 to 3 years accounting experience – 1 to 2 years property accounting experience would be preferred. 4) Good oral and written communication skills. 5) Intermediate to Advanced Excel skills.