Accounting Manager

New Market Funds (NMF) is an ImpactAssets 50 manager and Certified B Corp company. They are a multi-fund impact investment fund manager with offices in Vancouver and Toronto. They have a mission to deliver investment opportunities that have a lasting benefit for communities and concentrate our efforts on community-focused real estate and lending. They are a values-driven, innovative resource for social enterprises, co-operatives, and nonprofits. The New Market Funds platform includes NMF Rental Housing Fund I and II, New Commons Development, New Commons Housing Trust, Community Forward Fund, and the Canadian Cooperative Investment Fund.

New Market Funds envision a new market in which investment capital seeks to create value that includes clear social and environmental outcomes as well as financial returns. They do this by living our values in our work every day. They are guided by our principles about building strong communities, creating a positive workplace in which everyone feels welcomed and empowered, working towards Reconciliation with Indigenous peoples, and building an impact legacy.

THE OPPORTUNITY

The Accounting Manager will report to the Controller and will focus primarily on managing NCD (New Commons Development) accounting operations, month-end closings, and providing critical documentation and process improvement support. The ideal candidate will be a strong senior accountant ready to step into a management role, with the ability to work independently while collaborating effectively with our finance team.

KEY RESPONSIBILITIES

●        NCD Management: Take full ownership of New Commons Development accounting operations and reporting

●        Monthly Financials – Support the month end closings for our 4 other operating entities as well as the multi-family residential buildings owned by our non-profit housing society

●        Process Documentation: Shadow and document existing accounting procedures and workflows to create comprehensive SOPs

●        Project Accounting: Manage complex real estate project accounting including cost tracking, revenue recognition, and project-specific reporting

●        Audit Support – You will assist in the preparation of working papers, supporting schedules and support the finance team and auditors throughout annual audits and review engagements of all legal entities

●        Reporting – You will support the Controller and CFO in producing a wide range of reports (financial and non-financial) for staff, boards and investors, including budget vs. actuals, cash flow projections, portfolio summaries and high-level dashboards

●        Special Projects – You will support the finance team in responding to new investor diligence questions, collaborate with the team on investment and loan closings, and other ad hoc projects that are driven from internal and external stakeholders.

ADDITIONAL RESPONSIBILITIES  

●        Ensure compliance with accounting standards and regulatory requirements

●        Support audit processes and liaise with external auditors

●        Assist with treasury and cash flow management as needed

●        Collaborate with operations teams using appropriate communication channels

●        Provide analytical support for business decision-making

●        Mentor and support junior accounting staff as the team grows

QUALIFICATIONS

●        CPA designation required

●        Minimum 3-5 years of hands-on project accounting experience, specifically in real estate development

●        Strong Month-End Close and reporting experience

●        Solid understanding of Canadian GAAP and regulatory requirements

●        Audit Background: Previous experience as an external auditor with strong understanding of documentation, controls, and compliance requirements, is an asset but not a requirement

●        Proficiency with Microsoft Office Suite (e.g., Word, Excel, Outlook), Google Suite, and experience with ERPs or other accounting software.

●        Bilingual in French and English is an asset but is not required.

●        Some IT experience is an asset (to potentially support the back end of our ERP, Netsuite as well as to streamline our processes using AI) but not required.

More specifically, you are:

●        Detail-oriented – You check and double-check your work and that of others to minimize mistakes and things falling through the cracks.

●        Analytical – You are responsive and analytical by nature, with a strong aptitude for finance/numbers.

●        Independent – You are happy working independently and also know when to bring others in for help.

●        An excellent communicator – You know how to get your message across clearly and effectively. Whether it’s through email communication, in-person conversations or written reporting, you’re concise and thoughtful with your messages.

●        Always improving – You identify ways to streamline processes and continuously improve, both with your own work and with that of your team as a whole.

●        Excited about community impact – You relish the opportunity to use your skills to create a positive impact in your community through innovative financing tools.

●        A problem-solver – When you run into a problem, you’re resourceful to try to find a way through it (Google, phone-a-friend, CPA Handbook, excelguru.com, etc.) If you don’t find a solution in a reasonable amount of time, you’re never afraid to ask for help and you know you can count on your team to support you.

This role offers significant growth potential and the opportunity to make a meaningful impact on our accounting operations and team development.

NMF will provide a professional and rewarding working environment with the opportunity for career growth and expects the salary to range between $95,000 - $105,000 for the right candidate, commensurate with experience. Other benefits include extended health and dental benefits plan, phone allowance, wellness allowance, enjoy Summer Fridays with early office closures throughout the summer months, professional development allowance and eligibility to join the New Market Funds Team Ownership Plan after two years.

NMF is committed to equity in employment, diversity in our team, meaningful reconciliation, and social inclusion. We welcome and encourage applications across any race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, Indigenous status, or any other legally protected factors.

Applications from all qualified candidates are welcome. If you are an applicant with a disability and require accommodation during the hiring process, please contact us. We thank all applicants for their interest, however, only those selected for follow-up will be contacted.