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Manager, Property Development Accounting (Hybrid)

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Job ID:
R10642
Full Time/Part Time:
Full Time
Location:
Toronto, ON
 
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Description

Revera is a leading owner, operator and investor in the senior living sector. We offer seniors’ apartments, independent living, assisted living, memory care and long term care. We understand how to create the best experience for people living in a Revera home. We believe everyone should have the opportunity to live a life of purpose, and we create environments that make that possible.

Our mission is to celebrate the human spirit in every way possible – and that applies to both our residents and our employees. There’s a lot that goes into being a member of our team – and there’s a lot that you’ll get out of the experience too. We go the extra mile to ensure that each member of our staff feels safe, secure, enriched and empowered in their role. So that everyone under our roof is given the opportunity to thrive, grow and make the most of every day.

Vaccines are a proven, safe and powerful weapon in our battle against COVID-19. Now that vaccines are widely available and recognizing that many of our staff are already vaccinated, vaccination will be a condition of employment for new hires, except when impossible due to legitimate, established exceptions. The vaccine must be a two-dose COVID-19 vaccination series approved by Health Canada. This is one more important step to protect both our residents and staff as we continue to battle this deadly virus.

Mission:

The Manager – Property Development Accounting will be responsible for tasks associated with Brighton Asset Management’s (BRAM) investment in developments (new build constructions) and redevelopment projects. This role is responsible for the review and approval of journal entries, reconciliations, financial analysis and related reporting prepared by the Development Account Team. The Manager - Property Development Accounting will ensure the company's accounting and corporate policies are properly adhered to. Furthermore, this role will be responsible for team meeting reporting requirements, while maintaining and improving efficiencies across the departments as it relates to BRAM’s development activity. The Manager will organize and lead the team through acquisitions, divestitures, joint ventures, business combinations and other projects.


 
Key Outcomes:                      

  • Accounting and financial reporting processes for development projects are consistent, accurate and timely, meeting internal and external stakeholder needs;

  • Team is high-functioning and engaged;

  • Project financials are accurate and understood by client business leaders at all levels;

  • Team operates as a ‘one stop shop’ for accounting as it relates to development projects;

  • Overall functioning of the team scales up effectively with development pipeline growth; and

  • Operate as an effective liaison for Accounting/Finance teams at JV partners.

Key Responsibilities:

  • Recruit, train, develop and performance manage direct staff;

  • Provide day-to-day leadership to the team, including guidance to staff on financial and accounting principles and best practices;

  • Manage key client relationships with stakeholders including a variety of internal teams (e.g., developments, finance, operations) and external parties (e.g., development partners, GC’s, financial institutions);

  • Oversee the compilation of financial information for construction draw processes;

  • Monitor accounting for project costs for compliance with capitalization/accounting policies and reporting impacts;

  • Calculate and account for management fees associated with development activities;

  • Ensure team performs accounting for Brighton’s equity investments in development partnerships and debt financing relating to developments;

  • Ensure accurate import into Brighton’s systems of financial information (e.g., trial balances) from development partners;

  • Support key stakeholders with monthly financial reporting and value-add analysis;

  • Support with organizational changes (e.g., acquisitions, dispositions, and joint ventures);

  • Work with peers and stakeholders to identify opportunities for process improvement and value-add, and oversee their implementation;

  • Ensure completion of all departmental month-end, quarter-end and year-end processes, and achieve established timelines for reporting periods;

  • Support both internal and external audits;

  • Monitor team’s processes to ensure that internal controls are maintained;

  • Uphold and promote the organization’s values and philosophy relating particularly to ethics, morality, and integrity as set out in Revera’s Code of Conduct; and

  • Complete all other duties as assigned.

Required Education, Credentials and Experience:

  • 5 + years of relevant working experience, preferably in the seniors housing or similar hospitality-related real estate space;

  • Bachelor’s Degree in Commerce/Accounting; CPA is an asset;

  • Leadership experience managing a team, process or project is preferred;

  • Ability to prioritize tasks, work on multiple assignments and manage rapidly changing assignments in a team environment;

  • Strong communication and interpersonal skills;

  • Experience with accounting and/or enterprise reporting systems;

  • Experience working with acquisitions, dispositions and joint ventures;

  • Strong accounting, financial and business acumen;

  • Strong analytical, comprehension and problem-solving skills;

  • Must be a self-starter and a team player;

  • Detail-oriented individual who emphasizes accuracy;

  • Ability to build strong working relationships across the organization;

  • Strong personal integrity; and

  • Desire to learn more.

#LI-Hybrid

Revera is committed to ensuring that all employment practices are inclusive. As an organization we are committed to providing and arranging accommodation for candidates upon request. 

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