Our client is a dynamic force in the Toronto real estate scene, specializing in developing transformative residential and commercial properties that elevate urban living. With a strong focus on quality, design, and sustainability, they have made a name for themselves by creating spaces that blend modern aesthetics with functionality. Their commitment to innovation is evident in every project, with each development thoughtfully integrated into the city's fabric, contributing to Toronto's evolving skyline. Through a customer-centric approach and a passion for excellence, they continue to redefine the urban landscape.\r\n Project Accounting and Financial Management\r\nMaintain project-related general ledger accounts and ensure the timely and accurate recording of all project financial transactions\r\nPreparation of statement of adjustments for closings and record closing journal entries after review by the Manager.\r\nReview and reconcile purchaser deposits and record cash receipts.\r\nReview and reconcile merchant account transactions and record upgrade deposits.\r\nAssist in the month-end and year-end closing processes for project-related accounts, which include but are not limited to:\r\nPrepare bank reconciliations and record journal entries related to loans, interest, and bank charges.\r\nReview and reconcile broker commission payables to third-party and internal sales agents.\r\nReview and book accruals based on discussions with Accounts Payable coordinators and project managers.\r\nPrepare trust account reconciliations and record journal entries related to the deposit funds and liabilities.\r\nEnsure that proper documentation and backup for all project-related transactions is maintained.\r\n\r\n Project Financial Reporting\r\nPrepare monthly\/quarterly financial statements\r\nPrepare monthly\/quarterly project financial information packages for internal and external stakeholders\r\nPrepare and provide financial information for internal project management team as required to assist with their analysis\r\n\r\n Tax and Regulatory Compliance\r\nPrepare and file HST returns (after approval by the Manager of Project Finance) and assist with responding to CRA inquiries regarding HST reviews, audits, and related matters.\r\nFollow up on outstanding ITC refunds and prepare monthly HST tracking reports for the Manager of Project Finance.\r\nAssist with external audits and tax filings by preparing necessary documentation and answering inquiries related to project accounting.\r\nPrepare applications for new projects related to Tarion, Builder\u2019s Risk, and GCNA insurance setup.\r\n\r\n Budgeting and Cost Tracking\r\nMonitor and allocate costs to specific project categories and cost codes.\r\nCoordinate with project managers to ensure all project costs are captured and recorded accurately in the financial system.\r\nPerform regular budget updates and re-forecasts throughout the project lifecycle to ensure budget alignment.\r\n\r\n Cash Flow Management\r\nMonitor project cash flows to ensure timely draws, cash calls, and payments to contractors, suppliers, and other stakeholders.\r\nMaintain the project loan facilities, including submission of draw requests, coordination with the quantity surveyor, and conversion to CORRA for interest cost savings.\r\nOrganize and review cheque runs for accuracy, timeliness, and cash requirements.\r\nAssist in preparing cash flow projections and track actual cash flow against projections.\r\n\r\n

TMGMS\r\n"