Senior Accountant, Residential Development

Job Description

Job Description

Title Senior Accountant, Residential Development

Department Accounting Department

Reports to VP, Accounting

New Position

General Description :

The Senior Accountant, Residential Development, will report to the VP, Accounting and is responsible for overseeing all the accounting functions within the residential development portfolio including low-rise developments and hi-rise (condo) developments.

Madison has over 5 million sq. ft of approved hi-rise development projects, to be constructed over the next decade or so, as well as over 2 thousand low rise approved units over the same period of time.

Main Responsibilities :

• Maintain the general ledger and annual working paper files for the housing development portfolio by posting year-end journal entries and preparing financial statements.
• Generate quarterly financial reports and monthly project reports required by lenders.
• Develop, implement, and maintain construction management system, including setting up projects (jobs), budgets, job costs, cost codes, contracts, change orders, purchase orders, and various construction progress reports.
• Perform and / or oversee monthly bank reconciliation and reconciliation of control accounts (accounts receivable and accounts payables) to subsidiary ledgers, intercompany balances, schedules of balance sheet accounts.
• Ensure accurate preparation of monthly HST reconciliations, file HST returns, and ensure remittances for each project on a prompt basis.
• Perform accounting duties throughout the project, such as posting acquisitions and sales closings entries for high-rise and low-rise projects, analyzing all transactions, and working unforeseen costs into the budget, and estimating cash flow.
• Perform / oversee intercompany charge-back billings and reconciliations.
• Review purchase orders and accounts payable listing, prepare accounts payable journals, and process invoices if needed.
• Oversee A / P staff and ensure that invoices are entered into the system correctly by AP staff and that all the relevant supporting schedules are complete and accurate.
• Oversee bank loans / BA renewals.
• Other duties / projects as assigned from time to time.

Required Skills and Qualifications :

Madison Group celebrates diversity and is proud to be an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applications and make all employment-related decisions without regard to race, color, religion, sex, national origin, sexual orientation, gender, age, or disability.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.

Salary $120,000 - $130,000

AI will not be used to screen resumes or during the interview process.