Finance Specialist
Bryan, Jason & Associates - Greater Toronto Area, ON

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Position Summary:

Prepare, review and/or maintain a variety of JV business/financial submissions and reports required on a timely basis for use by the JV partners.

Academic/Education Requirements:

  • College/University degree in the field of finance, accounting or business administration;
  • A professional accounting designation (CGA, CMA) is an asset.

Required Skills/ Experience:

  • Minimum 4 years professional work experience in related field and/or experience within a real estate development organization.
  • Knowledge of real estate development accounting practices is an asset
  • Detail oriented and responsible individual with a proven track record of proactive planning, taking ownership, and following through to ensure all loose ends are resolved.
  • Good business judgment and numerical skills.
  • Ability to develop and manage a wide range of working relationships with internal staff and external partners, consultants and suppliers.
  • Excellent organization and time management skills in dealing with changing priorities in a fast paced environment, in order to complete a wide variety of responsibilities on a very timely basis.
  • Strong oral and written communication skills with the ability to effectively communicate across all departments within the organization.
  • Good computer skills, including intermediate Excel, Word and PowerPoint.

Responsibilities:

The specific duties and responsibilities for this position include but are not limited to the following:

Loans

  • Maintain a complete and accurate JV loan spreadsheet file (in Excel) with reporting on a weekly and monthly basis.
  • Prepare/maintain JV loan facility documentation, including application packages for new loans, loan renewals and loan amendments, and obtaining approvals for such applications.
  • Request/maintain title searches required from lawyers prior to loan funding.

Letters of Credit (“L/C”)

  • Review JV L/C application packages from internal Portfolio Teams to ensure such packages are complete, accurate, and properly supported.
  • Coordinate with Portfolio Teams, JV partner and bank

Land Acquisitions and Dispositions

  • Monitor/maintain various internal land closings databases/communications
  • Prepare all JV land acquisition funding request packages as required for all closings, including:

o obtaining/reviewing all supporting documentation;
o preparing a detailed reconciliation of the funding request to the project proforma plan; and

  • Coordinate all details of land closings with internal and external lawyers, and prepare land acquisition/disposition backup files for internal use and JV partners’ auditors.
  • Review land purchase/sale statement of adjustment (“SOA”) packages and related agreements to ensure SOA calculations are correct and properly supported.
  • Communicate land closings internally and provide accounting with related financial information for use in preparing closing journal entries.
  • Provide assistance to, and undertake special projects with, other departments as necessary in relation to land closing queries from various external auditors.
  • Maintain a bi-weekly Master Land Purchase and Sale Report for all JV and non-JV land transactions.
  • Monitor and approve legal bills for all JV land purchase/sale transactions, including prepaid accounts and trust reconciliations.
  • Monitor and book all prepaid legal costs for all JV land transactions including general ledger coding; trust account reconciliations, and clearing all prepaid legal costs on a timely basis.

Other

  • Prepare monthly statements of adjustment and summary schedules
  • Perform quarterly review of JV project metrics and provide basic variance analysis
  • Gather/validate due diligence materials pertaining to real estate portfolio transactions.
  • Take on special projects and other duties as assigned.

The successful candidate will be:

  • a strong relationship builder who is intelligent, reliable and dependable
  • is logical, task oriented and analytical and has the ability to identify patterns
  • is conscientious and co-operative
  • is good with detail and takes his/her duties seriously
  • tends to be cautious and deliberate in approach
  • is likely to be a good team member who will be careful about making decisions
  • is inclined to be relaxed, patient and easy going will likely be good at and enjoy

routine work

  • someone who is looking for a long-term role

This is an excellent opportunity to work with some of the most talented individuals in the industry in a fast paced environment.


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About this company
Bryan, Jason & Associates Inc. is a Canadian leader in search and recruitment solutions. We specialize in the placement of Real Estate,...