Projects Accountant (18-month contract) (Toronto or Calgary)

March 29 2021
Industries Real Estate
Categories Accounting, Finance, Financial Accounting, Management accounting, Accounting, Finance
Calgary, AB

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.

Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held close to C$64 billion in real estate assets as at December 31, 2019 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

Department : Finance and Accounting, Retail

Position type : Contract (18-month contract)

Location  : Calgary or Toronto

Specific accountabilities

In your role as Project Accountant, you will support the Canadian shopping centre development, finance and accounting teams. Reporting to the Manager, Financial Administration and Accounting, you will assist in preparing financial information and other figures required to produce monthly reports for development projects. You will also use your analytical skills in budgeting, cost control, accounting, reporting and managing to contribute to the production of financial analyses and budget reports for designated construction projects. You will work closely with the Senior Property Accountants in Calgary, Toronto and Montréal and support them in their routine operations.

Your main responsibilities will include the following:

Development projects

  • Process all invoices: check for accuracy, compare to contracts as necessary, code all invoices, ensure proper approvals are received and assist with the invoice payment process;
  • Validate year-end accruals and follow up on accruals the following year;
  • Assist and participate in maintaining project forecasts (Forecast to Complete) during construction;
  • Assist construction, asset management and operations teams by providing data, as required;
  • Prepare contractual obligations report on a monthly basis;
  • Prepare monthly reimbursement claims for co-owners;
  • Understand and comply with key control measures and internal policies to ensure safeguarding of funds;
  • Provide the required data to transfer files to the operations phase;
  • Work with the tenant coordination team to ensure a schedule is maintained showing all tenants, allowances and terms of payout;
  • Attend monthly forecast at completion/monthly financial review and budget meetings, when needed;
  • Assist in preparing and providing financial information and reports as required, including quarterly board reporting and year-end reporting;
  • Participate in the implementation of invoicing and development systems and tools: validate data between the systems (PTP, JDE, development tool, leasing tool).

Property accounting

  • Perform various tasks related to monthly processes:

  • Calculate accruals and adjustments for both revenues and expenses;

  • Track various accruals;
  • Prepare and reconcile journal entries for the gift card program;
  • Analyze intercompany transactions and record the corresponding journal entries;

  • Produce certain documents and analyses for partners:

  • Prepare documents for cash calls and distributions;

  • Prepare monthly files for financial reports;

  • Support Senior Property Accountants with various queries and requests:

  • Assist in financial control review of properties;

  • Assist in transactions;
  • Contribute to the year-end budgeting process;
  • Assist with various ad hoc requests as required.

  • Assist with continuous improvement initiatives.

Key requirements

  • Three to five years of relevant accounting experience, preferably in the real estate industry;
  • University degree in business administration or accounting;
  • Excellent analytical skills and strong knowledge of cost control, accounting and forecasting practices;
  • Self-motivated, proactive, team player, ability to work under pressure and meet deadlines.
  • Organized, attention to detail and presentation of information;
  • Advanced proficiency in Microsoft Office suite applications, including Excel;
  • Familiarity with JD Edwards, an asset.

If you are interested in this challenge, please submit your resume.

You have everything to gain!

When you join the Ivanhoé Cambridge team, you are eligible for employment benefits and a pension plan that are among the best in the industry. Our many health and wellness programs encourage you to balance your work and personal lives and fulfil your desire for social involvement, while maintaining a healthy lifestyle. At Ivanhoé Cambridge, you will have many opportunities to develop your skills and thrive professionally, in Canada or elsewhere in the world. Our initiatives aimed at creating an exceptional working environment that inspires our employees to give the best of themselves elevated Ivanhoé Cambridge into the ranks of 100 Top Employers in Canada.

Ivanhoé Cambridge's commitment to diversity and inclusion spans the breadth of its operations. Accommodations are available upon request for candidates taking part in all aspects of the selection process. We take pride in creating a working environment where everyone is set up for success. Please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially .

Apply now!

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