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U Developments



Downtown Toronto1524640

Company Information

We are a fast growing real estate development company, primarily serving the real estate market in the Greater Toronto Area. With previous experience in accounting, the Accountant is responsible for all required accounting functions of multiple projects in a timely and accurate manner. This role will focus on performing day-to-day head office accounting and processing and day-to-day development and construction accounting and processing.

Job Description


  • Must have complete knowledge of all accounting functions and procedures. 
  • Provides computer input and performs analytical review of reports generated. 
  • Proficient in computer software systems for the preparation of reports, spreadsheets, and other accounting analysis that may be required by management. 
  • Prepares monthly aged trial balances, job cost summary schedules, supporting schedules for month-end close. 
  • Interface with project managers and executives to accurately charge and code invoices to proper job cost and General Ledger. 
  • Processes and reviews all accounts payable and subcontractors payments. 
  • Processes accounts payable. Processes all receipts, invoices, and payments. 
  • Processes POs and change orders.
  • Processes payroll, including payroll tax remittance
  • Prepares draw requests for project monitor, a third party consultant on behalf of financial institution lending the funds for construction. 
  • Identifies and performs variance analysis on project monitor draw reports.
  • Maintains and reconciles the general ledger accounts monthly.
  • Reconciles bank accounts and credit cards.
  • Prepares all government filing such as income taxes, HST, and payroll deduction.
  • Identifies and analyzes variances on a monthly basis.
  • Processes periodic journal entries for various development companies in QuickBooks.
  • Prepares and files monthly HST for all development companies.
  • Prepares monthly cost to budget reports.
  • Prepares holdback calculations and maintain a holdback schedule.
  • Completes bank reconciliation and addresses any outstanding discrepancies between the bank and company statements in a proactive manner to ensure accuracy of statements.
  • Prepares periodic reconciliations with suppliers and related companies.
  • Facilitates and communicates with suppliers.
  • Prepares various working papers for month / quarter / year end.    
  • Records and summarizes expenses and cost for various projects and maintains accurate cost summary of all projects.
  • Prepares all cheques with backup for signature.
  • Prepares and records journal entries.
  • Prepares and checks all employee expense reports.


Experience and Qualifications:

  • University degree or college diploma in Accounting, Business Administration, or Finance.
  • Completed or working towards completion of a Professional Accounting Certification (CPA) is an asset.
  • Minimum 2 years of relevant accounting experience.
  • Previous experience in real estate industry and/or development and construction accounting is an asset.
  • High computer literacy. Advanced working knowledge of MS Office (Word, Excel, and Power Point). Understanding of various accounting systems and software (QuickBooks).



  • Ability to plan and manage multiple tasks. 
  • Ability to work well as an integral part of a project team. 
  • Excellent written and verbal communication skills. 
  • Strong analytical and interpersonal skills. 
  • Excel in a fast paced, dynamic environment and enjoy new challenges.
  • Strong organizational skills with the ability to work well under pressure.
  • Reliable and punctual.
  • Strong attention to detail and efficient time management skills.
  • Willingness to perform at an accelerated pace and work overtime when needed.
  • Ability to work independently.

Contact Information

U Developments
Posting Date: 21-Jul-2017Accounting and Finance Permanent, Full-Time Open 1Member or Student15-Aug-2017
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