Senior Accountant, Development

QuadReal Property Group, LP
Vancouver, British Columbia, Canada
Competitive salary
16 Sep 2020
18 Sep 2020
Job role
Experience level
Qualified accountant
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.

The role of the Sr. Development Accountant (Sr. DA) at QuadReal Property Group is to maintain and document the financial status of the Oakridge development within the Domestic portfolio. The successful Sr. DA takes full ownership of his/her portfolio and is fully proficient in both the technical and non-technical requirements of a complex multi phased, mixed use, complex Development project. In addition, the Sr. DA possesses qualities that set them apart and allows them to act as a resource for the development team(s).

  • Handle all aspects of accounting for the Oakridge development with minimal supervision.
  • Set up and maintain projects in the accounting system's job cost, including original and revised budgets, costs incurred, costs to complete, committed costs, and projected final costs.
  • Liaise and work closely with the development teams, including attending project status meetings and providing financial updates.
  • Ensure all invoices are properly coded into the accounting system; and paid in a timely manner.
  • Ensure development fees are properly calculated and paid in a timely manner.
  • Prepare loan draws and capital calls as required. Prepare financial reporting and draw requests where required for joint ventures and lenders.
  • 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 the preparation of Project Status Reports.
  • Coordinate with development and finance to track and report projected cash needs.
  • Prepare costing and profit reporting for individual residential unit sales if applicable
  • Track holdbacks and holdback releases in accordance with provincial lien holdback legislation.
  • Monitor committed costs and projected final costs relative to changes in contracts and commitments.
  • Work with property accounting to co-ordinate transition of properties under development to income producing.
  • Work with property accounting to co-ordinate transition of income producing properties to properties under development.
  • 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.
  • Provide accurate and timely financial information as monthly, quarterly and annually as required by internal and external stakeholders,
  • Involvement with year end audits and information required by various stakeholders.
  • Utilize and develop skills such as problem solving, decision making, time management, effective communication, and delegation to achieve the desired results.
  • Support members of their team, including coworkers and managers, by taking full responsibility for their own work.
  • Add value by providing accurate and timely financial information that helps the development team better manager projects and budgets, make timely decisions, provide meaningful financial reports, and monitor cash flows.

Experience and Qualifications:
  • Professional accounting designation or equivalent commercial real estate accounting experience required.
  • Minimum 3-5 years accounting experience in a development and construction accounting environment.
  • Specialized computer skills in a range of software including: Yardi, Procore, and Microsoft Office.
  • Self starter
  • Independent
  • Leadership
  • Mentorship, act as a resource to the development and finance teams
  • Effective Decision Making within level of authority
  • Problem Solving
  • Analytical Skills
  • 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.
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