Senior Accountant, Financial Reporting

Grosvenor Property Americas (GPA) is an active developer and investor in select cities in the U.S. and Canada. Our strategy is to invest in vibrant urban locations where our activities can make a positive contribution to neighbourhoods and communities. 

Our active development pipeline focuses on projects in urban, transit-oriented and/or amenity-rich neighbourhoods. Our investment program adds value to residential, commercial and retail assets while also managing a portfolio of stable, high-quality properties across North America. Our Structured Development Finance (SDF) business co-invests with developers by providing equity to best-in-class developers to develop residential and mixed-use projects, with a focus on urban, transit-oriented, and amenity-rich locations. 

We are a values-led organisation which represents the Grosvenor family and shares a common purpose - to deliver lasting commercial, social and environmental benefit - addressing today’s needs while taking responsibility for those of future generations.  

At Grosvenor, we seek to recruit and develop people who share our values of integrity, respect and trust, and have the skills and ambition to help us successfully deliver our strategy. We live up to our promises, build lasting relationships with our partners and work closely and responsibly with local communities. 

This role is key in supporting the Financial Reporting team in managing all aspects of the GPA Canadian consolidation and reporting process, including Canadian partnerships and applicable audits. Applies accounting principles & knowledge to prepare, analyze and understand financial statements and financial information and ultimately prepare accurate financial reports in a timely manner. Possesses proficient speaking, writing, interpersonal and organization skills to facilitate collaborating with members of the Finance team, external advisory teams, and other departmental teams to ensure that the reporting is completed accurately, timely and within deadlines. This role is also responsible for supporting the completion of the timely and accurate Canadian tax compliance. Partner with the Co-Investment team to oversee financial, accounting, reporting and routine portfolio management aspects related to the SDF portfolio.  

To perform this role successfully, an individual must be able to perform each key responsibility satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability needed. Other duties may be assigned as required. 

• Preparation and consolidation of quarterly and annual financial reports, including meaningful variance analysis of actual, forecast, and budgeted consolidated Canadian results and other financial information, as required 

• Liaise with accounting operations staff to review and understand individual asset trial balances and general ledgers on a quarterly basis 

• Assist in the calculation of accounting for specific &/or non-routine transactions for Canadian entities (i.e. sales, acquisitions, etc.) 

• Assist with the preparation of quarterly statements for the Grosvenor Canada pension plans 

• Assist in the analysis and implementation of new IFRS / ASPE standards &/or accounting policies 

• Prepare IFRS (or ASPE, as required) financial statements with note disclosures for audits (or other) of all Canadian entities (including Canadian partnerships) 

• Assist in coordinating audits with Canadian external audit team during the interim and year end process for all Canadian entities 

• Provide auditors with timely required information, request responses and assistance during the audits 

• Assist in the preparation of Canadian quarterly and annual current and deferred tax calculations  

• Provide support to the Manager, Financial Reporting in completing the annual Canadian tax compliance process, including responding to questions and information requests from external tax advisors  

• Prepare quarterly schedules of the SDF portfolio and assist with the preparation of the fair value calculation 

• Manage and maintain SDF investor capital calls and distributions. Prepare capital call and distribution notices  

• Assist in preparing and maintaining accurate cash flow forecasts and portfolio investment returns for the SDF portfolio 

• Prepare quarterly portfolio dashboards and KPI analyses for Senior Management and Board of Directors and other ad hoc information as requested 

• Assist with the preparation of monthly and quarterly internal and external partnership reporting 

• Maintain strong communications and relations with partners and their respective team members to ensure they are provided professional, accurate, and consistent information 

• Chartered Professional Accountant designation or equivalent, or working towards, preferred   

• 3-4 years of audit and Canadian tax experience with public accounting firm or in real estate is an asset  

• Previous experience related to internal and external financial reporting preferred 

• Aptitude in interpreting financial, technical and legal documents   

• Finance modelling experience is highly valued 

• High level of attention to detail with the ability to step back and observe the bigger picture  

• Ability to meet tight deadlines and work under pressure 

• Ability to learn quickly and take on new tasks 

• Ability to readily adapt to changing priorities and work independently or as a team player 

• Excellent numerical and analytical skills; able to quickly interpret and explain financial data 

• A high degree of knowledge of general finance, accounting, and capital market concepts  

• Strong Excel and PowerPoint skills, proficiency in Power BI an asset 

• Experience in OneStream consolidation system an asset 

• Excellent organizational, written and verbal communication skills   

The expected base salary range for this role is $80,000 - 90,000.  Actual offered salary will depend on experience, skills and qualifications.  In addition to base pay, eligible employees participate in various incentive compensation plans, based on individual and business performance as well as a comprehensive range of health and wellness benefits. 

Working conditions and physical requirements 

The physical demands described here are representative of those that must be met by an Employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

• The Employee must be able to remain stationary for long periods 

• The Employee must be able to operate a computer and other office machinery 

• The Employee must be able to occasionally move about inside the office to access file cabinets, office machinery, etc 

• The Employee must be able to communicate and exchange information with co-workers and external vendors in person, over the phone, and via email. 

• The Employee must be able to decipher documents and other communications. 

• This role is in an office environment with a noise level that is usually quiet to moderate. 

Job description revision 

This is not necessarily an exhaustive list of all responsibilities, skills, duties, requirements, efforts or working conditions associated with this job.  While this job description is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.  This job description replaces all previous descriptions for this position.