Job Title: Residential Land Development Controller
Reports to: Director of Development, Finance
Company: Taggart Investments Inc.
Location: 3187 Albion Road South
Date: November 2021
Part of the Taggart Group of Companies, Taggart Investments focuses on acquiring, developing, and managing residential land for the purposes of supporting new home construction. Taggart Investments manages a number of projects, each at varying stages of the development process. The projects are primarily located in Ottawa and Kingston. As we continue to grow our real estate development practice, we are looking for a candidate in the role of Residential Land Development Controller to support our development teams by managing all financial requirements of assigned projects, from acquisition to sale to homebuilders.
Project Management Responsibilities
Ongoing responsibility for management of development projects:
Oversee monthly financial reporting for residential development sites, as well as special projects, including verification of compliance with cost sharing agreements, recoveries from other developers, etc.
Compile initial budget for new projects and new phases of existing projects. This includes detailed analysis of site plans, construction contracts, cost sharing agreements, development schedules, and proposals from various consultants.
Arrange financing for projects with lenders as required. Ensure completeness of development budgets and sufficiency of sales revenue to support requested loan.
Ensure lot purchase agreements are executed as required for land available for sale.
Review loan agreements and ensure compliance with all relevant provisions, including the satisfaction of prefunding conditions and reporting requirements.
Analyze ongoing project budgets and report variances to development team/other stakeholders.
Maintain cash flow forecasts and update stakeholders on requirements on an ongoing basis.
Prepare monthly construction draw requests from lenders.
Calculate and invoice all entitled recoveries from external parties pursuant to front-ending and cost sharing agreements as required.
Review monthly accounting files for development projects as follows, to consistently ensure:
all costs are properly supported and coded consistent with budget.
all lot closings are billed in accordance with approved lot purchase agreements.
all billings are properly calculated, supported, and completed.
all bank reconciliations are completed.
all HST returns are completed.
all documentation completed consistently with high-quality standards, and
follow up of outstanding items, like AR, deposits, and approvals.
Conduct comprehensive annual review of all files at year-end. This includes detailed analysis of accounting, budgets, costing, and forecasts.
Prepare annual financial statements in accordance with ASPE and coordinate with external auditors and third-party accountants.
Coordinate the preparation of tax provision for financial statement purposes.
Support the reporting requirements to the stakeholders and owners on project performance and forecast of future cash requirements and distributions.
Ensure satisfaction of all reporting requirements with respect to lenders.
Statement of Qualifications:Knowledge, Skills and Abilities:
A minimum of 10 years of experience, with 5-7 years of experience in a senior accounting role with experience managing full-cycle reporting process, or similar duties.
A Chartered Professional Accountant designation is required.
Experience in enterprise class accounting software (ERP) is required, experience with NewStar is considered an asset.
Advanced knowledge of Microsoft Office Suite products.
Exceptional customer service skills with the ability to work with internal and external clients at all levels.
Experience engaging with multiple stakeholders, with strong communication skills.
Ability to multitask and prioritize.
Innovative and creative problem solver who has experience challenge the status quo to create a better product.
Strong organizational and administrative skills with keen attention to detail and time management skills.
Self-motivated with the ability to work independently and in a team environment.
Experience in the real estate development or construction would be considered an asset.
Experience in a multi-company environment would be considered an asset.
Experience working in a public accounting firm would be considered a strong asset.
Physical/Sensory Effort/Work Environment:
Occasional travel may be required for the purposes of attending meetings and visits at development sites.
Several deadlines, and year end processes can make for high volume periods and overtime work.
Providing service to several people or departments, working under many simultaneous deadlines.
Sitting or standing for long periods of time at workstation.
Overtime as required.
All candidates are asked to apply via the following link: taggartgroup.bamboohr.com/jobs. Any questions regarding the position can be directed to email@example.com.
We thank all candidates for their interest, however only applicants selected for an interview will be contacted.
The Taggart Group of Companies is an equal opportunity employer. All qualified applicants are considered without regard to race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, gender, sexual orientation, age, marital status, physical or mental handicap, or financial ability.
In accordance with the Accessibility for Ontarians with a Disabilities Act, we’re committed to providing accommodations for people with disabilities in all aspects of the recruitment and selection process. If you require accommodation or special assistance, please send an email to firstname.lastname@example.org with your request. Your information will be treated as confidential.