Adi Development Group
Adi Development Group
51 – 200 Employees
ConstructionReal Estate
Adi Development Group is a real estate developer and construction company serving the Greater Toronto Area. Its work spans the full property lifecycle, including investment, planning, design, construction, and management for residential and commercial developments. The company positions each project around community growth and high standards of quality, and was included among The Globe and Mail’s Top 10 Growing Companies in 2019.

Senior Accounting Manager - Adi Development Group (Hybrid, Burlington)

Lead close, project accounting, construction draws, and finance transformation for a Canadian real estate developer and builder while scaling accounting systems and processes.

Description

  • Report to the Controller and manage daily accounting across corporate and project entities
  • Lead, develop, and set objectives for the accounting team in line with department strategy
  • Maintain development plans and train team members on systems and accounting standards
  • Manage month-end and year-end close, including judgment entries, financial statements, reporting packages, joint arrangements, and related-entity investments
  • Review intercompany billings and settlements and oversee monthly balance-sheet reconciliations
  • Review weekly bank reconciliations and monthly debt reconciliations while keeping debt schedules current
  • Oversee corporate accounting, including journal entries, reconciliations, HST returns, and supporting schedules
  • Oversee project accounting for job costs, budgets, commitments, change orders, actual costs, and cost-to-complete estimates
  • Prepare capitalized interest and cost entries and verify proper accounting for statutory holdbacks
  • Review occupancy and final closings and prepare revenue and cost-of-sales recognition
  • Manage accounts payable, approve payment runs, and ensure the monthly AP close is completed on time
  • Manage monthly construction draws for active projects, review draw packages, escalate cost-monitor issues, and ensure lender and partner funding is delivered
  • Review receivables, cash receipts, purchaser deposits, occupancy fee billing, closing adjustments, HST rebates, partner billings, and rental receivables while managing collection escalations
  • Lead audit fieldwork, prepare judgment-area analyses, assemble working papers, and serve as the day-to-day external-auditor contact
  • Resolve control deficiencies and maintain documentation for internal financial-reporting controls
  • Manage the compliance calendar, review HST returns and rebate claims, and ensure corporate returns are filed on schedule
  • Prepare tax-planning schedules, regulatory and lender filings, and covenant calculations
  • Review and approve payroll, source-deduction remittances, and year-end filings
  • Advance lean accounting, process standardization, and continuous improvement across close, draws, AP, reconciliations, and reporting
  • Implement AI for invoice intake, reconciliations, working papers, and recurring reporting, and measure the results
  • Support finance ERP implementation through chart-of-accounts design, process definition, migration validation, user acceptance testing, and cutover
  • Use Power Query and Power BI to improve manually prepared reporting
  • Document procedures, close checklists, and reconciliation templates
  • Prepare monthly inputs for budgets, rolling forecasts, and cash-flow models, including variance commentary

Requirements

  • CPA designation completed; candidates still pursuing the designation are not considered
  • At least 7 years of progressive accounting experience, including 2 or more years leading and developing a team
  • Experience leading accountants while personally preparing financial statements, reporting packages, and covenant calculations
  • Experience establishing and scaling a finance and accounting function
  • Full-cycle close and financial statement experience with responsibility for issuance
  • Real estate development or construction accounting experience preferred, including multi-entity structures, job costing, development cost capitalization, holdbacks, construction draws, construction loan accounting, and Construction Act prompt-payment compliance
  • Public accounting training preferred, especially audit or assurance experience with a Big Four or national firm
  • Experience with multi-entity and intercompany accounting; consolidation, joint venture, or partnership accounting is an asset
  • Working knowledge of corporate tax and HST in a development business
  • Experience owning payroll, including source deductions, remittances, and year-end filings
  • Experience managing accounts payable and monthly construction draws, including holdbacks, statutory declarations, and lien compliance
  • Advanced Excel and financial modeling skills, including Power Query
  • Lean accounting experience focused on removing waste, reducing variation, and standardizing processes, with the ability to demonstrate changes in cycle times
  • Demonstrated use of AI in daily workflows with quantified savings
  • Experience with Sage 300 CRE, Sage Intacct, Yardi, TimberScan, or a comparable construction or real estate ERP preferred
  • Finance or ERP implementation experience is a significant asset
  • Sound judgment in maintaining technical accounting positions under pressure and explaining them to non-financial audiences

Benefits

  • Employee Home Ownership Program allowing eligible team members to live in company-built communities at a discount on the purchase price
  • Reimbursement for learning and development, including CPA dues and professional development
  • Paid vacation, wellness days, and sick days
  • Comprehensive employee and dependent coverage, including dental, prescription, vision, paramedical, and life insurance benefits
  • Health, lifestyle, and wellness spending account supporting fitness, gym memberships, family and pet needs, and additional health expenses
  • Dedicated online mental health partner with 24/7 access to an online therapy provider
  • 15% target bonus

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