Senior Manager, Development Accounting

About QuadReal Property Group QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves.

Role Description Reporting directly to the SVP, Development - Finance, the Senior Manager, Development Accounting oversees a team of Development Accountants and ensures the delivery of accurate financial information without material misstatements. The position requires experience in real estate accounting, with emphasis on project development, LP structures, and complex real estate transactions, including single family housing and multi-phased community projects. The role oversees Parkbridge Development projects, provides financial and technological oversight to staff and external partners, acts as a business partner to the QR Development Team, and facilitates training on systems, tools, and QR processes. The position includes analysis and coordination across the Accounting, Finance, and Development teams.

Responsibilities

Provide monthly reporting (verbal and written) to internal and external partners, identifying issues, KPIs, costing updates and cash flow projections

Plan an organizational structure for the accounting staff to perform all development accounting, maintaining flexibility and efficiency to adapt to changes

Oversee the accounting team, providing leadership and guidance

Review monthly project draws and financial statements prepared by the accounting team

Review and provide accounting support for major contracts covering organizational structure, governance, development, marketing, financing and property management

Oversee the preparation of all monthly accounting reports, proformas, bank draws, budgets & forecasts, and supporting working papers

Set accounting standards, policies, procedures and controls for all accounting functions

Maintain short- and long-term cash flow projections and coordinate financing from partners and lending institutions

Administer costing pool allocations for mixed-use projects

Apply the net yield method to allocate costs within in-house building and complex multi-phased development projects

Coordinate activities with internal and external partners across development, finance, marketing, sales, property management, leasing, administration and accounting

Support finance departments for internal and external partners

Serve as the primary liaison for accounting-related consultants (auditors, tax advisors, legal support, CRA) and coordinate activities of construction management teams

Collaborate with project managers, development accountants, finance analysts, project coordinators and development managers to understand budget analysis and cost overages

Ensure adherence by consultants to insurance requirements

Coordinate annual audit requirements, banking reporting and other relevant activities

Adhere to financial, legal and international governance requirements per partnership/joint venture agreements and government regulations

Required Experience And Qualifications

Post-Secondary Degree and CPA designation

Minimum 5+ years’ directly related accounting experience with at least 2 years at a Senior Manager level

Extensive Real Estate industry experience, particularly with complex multi-phased project developments

Experience with complex budgets, forecasting and executive presentations

Superior communication skills, both written and oral

Strong attention to detail and organizational skills

Extensive computer knowledge, including Excel

Knowledge in Yardi is preferred

Ability to thrive in a busy, high-volume environment and manage competing deadlines

Job Details

Seniority level: Director

Employment type: Full-time

Job function: Accounting/Auditing and Finance

QuadReal does not accept unsolicited resumes from any source other than directly from a candidate. QuadReal 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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