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. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest. QuadReal 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.

www.quadreal.com Role Description

Reporting directly to the SVP, Development - Finance, the Sr. 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 is responsible for managing the accounting team overseeing Parkbridge Development projects. The Sr. Manager provides financial and technological oversight to current and new staff, acts as a business partner to the QR Development Team and external Development Partners, and facilitates training on systems, tools, and QR processes. The position incorporates analysis and coordination across the Accounting, Finance, and Development teams. Responsibilities

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

Plan an organizational structure for the accounting staff, assembling a team that will perform all accounting for the development, maintaining flexibility and efficiency to adapt to regular changes and demands

Oversee the accounting team, providing leadership and guidance in all aspects

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

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

Accounting

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

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

Maintain all short term and long term cash flow projections, obtaining financing from partners, lending institutions and others in an efficient and timely manner

Administer all costing pool allocations for mixed use projects (specific invoice/contract allocations, overall net yield allocations)

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

Communication

Coordinate activities and expectations with both internal and external partners, including development, finance, marketing, sales, property management, leasing, administration and accounting departments

Provide support to the finance departments for both internal and external partners

Primary liaison for all accounting related consultants, including auditors, tax advisors, legal support, CRA

Coordinate all accounting related activities of construction management teams, whether internally or externally operated

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

Other

Ensure adherence by consultants of all insurance requirements

Coordinate annual audit requirements, banking reporting and other

Adhere to all financial, legal and international (where required) governance requirements per separate partnership/joint venture agreements, government regulations and legal responsibilities

Required Experience and Qualifications

Post-Secondary Degree and CPA designated

Minimum 5+ years’ directly related accounting experience with a minimum of 2 years in a Sr. Manager level position

Extensive experience within the Real Estate industry, particularly in accounting for complex multi-phased project developments

Experience with complex budgets, forecasting and executive presentations

Superior communication skills, both written and oral

Superior attention to detail and organizational skills

Extensive computer knowledge, including Excel

Preference in knowledge in Yardi

Thrives working in a busy, high volume challenging environment

Ability to handle and prioritize conflicting deadlines from various sources

Note to Recruiters: QuadReal does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to QuadReal, directly or indirectly, will be considered QuadReal property. QuadReal will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for engaged services to submit resumes. 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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