Latest Job Opening for Accounting & Finance  Job #00831 Position Manager Development Accounting Salary Reports to $70K – 85K Corporate Controller Responsibilities · Oversee and manage the Development Accounting Department, which has responsibility for the development reporting, budgeting and cash forecasting for Calloway; · Nurture the relationships within your area of responsibility and ensure that each member of the team understands his or her position, where they fit into the process, and assist in their growth and development; · The duties and responsibilities for the accounting areas include, but are not limited to, the following: 1) Review and prepare the compilation of monthly DSR’s for development projects; 2) Prepare, review and analyze cash flows, cost variances, equity requirements, and fee payments; 3) Ensure Cost Recoveries are processed for Parcels under developments; 4) Review the draws for submission to various lending institutions such as CIBC, HSBC, Scotia Bank, Royal Bank, and others; 5) Review project cost analysis in conjunction with agreements and business unit requirements; 6) Review monthly/quarterly reporting to partners; 7) Supervise the analysis of project costs v. budget costs; investigate variances and explain it in monthly reporting package; 8) Co-ordinate/Supervise inter-company data entry between operations and development accounting; 9) Determine the necessity of Holdback bank accounts for General Contractors and instruct the creation of same when required. Analyze and maintain the appropriate balances in all Holdback Accounts, and monitor the release of payments; 10) Oversee all construction invoicing for all properties; 11) Review and submit to corporate accounting development fees invoices for all projects; 12) Review and request inter-company bank transfers as necessary; 13) Supervise and prepare bank reconciliations as required; 14) Analyze cash balances and recommend to cash management the release of payments; 15) Supervise the Development Accounts Payable function; 16) Review all payments/cheques and submit for signature in conjunction with institutional funding and/or cash availability; 17) Continually liaise with all departments to achieve information sharing; 18) Manage the architectural certificates and their reconciliation; 19) Oversee the processing and payment of consultant invoices; 20) Oversee the processing of outside leasing commissions for all properties; 21) Oversee the processing of Tenant Allowances for all properties; Expectations: · Leadership and People Development – The expectation is that the Manager, Development Accounting will lead and manage the Development Accounting Team in carrying out all its responsibilities, including reporting and budgeting. The Manager, Development Accounting will provide training, staff development and will provide semi-annual performance reviews. · Process Improvement and Innovation – The expectation is that the Management, Development Accounting will participate in COE (correction of error) meetings and then assist in the implementation of the results of each COE meeting in which process improvements are identified. The Manager, Development Accounting 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 Manager, Development Accounting 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 5th level of Professional Accounting Program (CA, CGA, CMA); 2) University or college degree; 3) Good knowledge of accounting practices as applied to real estate development and cash flow forecasting; 4) Good knowledge and experience related to the appropriate use of technology and information systems in a real estate development environment; 5) Experience in managing an Accounting team of at least three people, within a real estate organization with a proven track record of follow through to achieve results; 6) Good oral and written communication skills with the ability to effectively communicate across all levels within the organization; 7) Intermediate to Advanced Excel skills.