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 include but are not restricted to:

Management & Review

• 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
   

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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.