Accountant, Development Accounting

Posted 5 Days Ago
Be an Early Applicant
Toronto, ON
1-3 Years Experience
Real Estate
The Role
The Accountant, Development Accounting at Tricon Residential is responsible for coordinating development and construction treasury processes, reporting on development cost spend, monitoring loan accounts, preparing financial reports, and assisting with audits and special projects.
Summary Generated by Built In

Tricon Residential is an owner and operator of a growing portfolio of more than 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential. For more information, visit Tricon Residential.

Job Description

Reporting to the Manager, Development Accounting, the Accountant, Development Accounting is responsible for the Company’s Canadian residential developments.

  • Coordinate development and construction treasury and payables processes, including reviewing development invoices, preparing capital draws, etc.
  • Account and report on development cost spend to relevant stakeholders
  • Monitor loan accounts including construction draws, interest payments, loan renewals, quarterly loan compliance
  • Monitor and report on development management fee revenue
  • Assist with review of monthly financial reports from property and development managers
  • Perform month-end close processes, including preparing journal entries, balance sheet reconciliations, accruals, etc.
  • Prepare monthly financial reporting packages for external stakeholders
  • Assist with the preparation of annual audited financial statements, including note disclosures, and assist in quarterly review and annual audit process
  • Liaise with the development team, property managers, developers, equity partners, lenders, and other external parties
  • Assist with and/or lead special and ad hoc projects as necessary

Qualifications (About You):

To be successful in this role, you should possess the following qualifications:

  • University degree in Finance or accounting
  • Must be a CPA or on track to become a CPA
  • A self-starter who is able to work independently in a fast-paced and challenging environment
  • Demonstrates strong attention to detail and adheres to high standards for work quality
  • Excellent verbal and written communication skills and interpersonal skills
  • Self-motivated with good work ethic and willingness to learn
  • Advanced proficiency in Microsoft Office products, especially Excel

Physical Demands: 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including: 

  • Frequently required to sit; talk; and hear. 
  • Occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop; kneel; or crouch. 
  • Occasionally lift and/or move up to 10 pounds. 
  • Vision abilities required by this job include close vision, distance vision and depth perception. 

#LI-Hybrid

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.

Top Skills

Excel
The Company
HQ: Toronto, Ontario
688 Employees
On-site Workplace
Year Founded: 1988

What We Do

At Tricon Residential, we imagine a world where housing unlocks life’s potential.

Tricon Residential is an owner and operator and developer of a growing portfolio of more than 36,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage.

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