Development Accountant

Date Posted: 20/07/2022
Department: Accounts
Company: Canary Wharf Ltd
Reporting to: Senior Development Accountant

Job Summary:

The Development Accountant, alongside the Senior Development Accountant (‘SDA’), is a key bridge between the various stakeholders across a development.

The role forms part of the newly established Development Accounts team and contributes to the business partnering relationship for the respective developments, the production of construction valuations as well as high quality spend, forecast and cash flow information related to their developments.

 

About Canary Wharf Group

Canary Wharf Group (CWG) is the developer of the largest urban regeneration project in Europe. CWG develops, manages and currently owns interests in approximately 9 million square feet of mixed-use space and over 1,100 Build to Rent apartments. 

CWG is the largest sustainable developer in the UK and also excels operationally as it has purchased 100% electricity from renewable sources since 2012 and sent zero waste to landfill since 2009. 

CWG has created a 24/7 city where people can live, work and thrive on the Canary Wharf estate and enjoy all the benefits: great transport links, access to green spaces and waterside living; and a wide range of amenities including an award-winning arts and events programme. Canary Wharf’s retail offering comprises over 300 shops, including grocery stores, pharmacies, health clubs, bars and restaurants, all within 15 minutes’ walk. 

The Company’s current £2bn construction activity and pipeline includes more than 500k square feet NIA of commercial properties and over 2,300 new homes for sale and rent.

Our Culture and Values

Working at Canary Wharf Group means working for a forward thinking, collaborative team. We hire staff who strive to make a difference and achieve the highest standards. Everyone is empowered to make a difference and our ethos encourages everyone to think like an owner. Our business puts our customers and people at the heart of everything, we work to meet their needs and exceed expectations.

Our mission is to empower our people, engage our communities and create sustainable places.

Our values help us achieve exceptional results:

Excellence: Commit to achieving the best with integrity

Collaboration: Make use of our vast experience and knowledge to work effectively together

Engagement: Develop our people, our communities, our stakeholders and our suitable environment and be exceptional while respecting others

Ownership: Take responsibility and pride in what we deliver. Everyone has the opportunity to make a difference.

Innovation: Embrace change and encourage innovation

Main Responsibilities

  • Produce monthly cashflows for each development, working closely with the SDA and partnering closely with stakeholders with the aim of achieving consistency across each development.
  • Control WIP figures in Yardi (which form the spend incurred figure in each CM cashflow), including various cross company recharges as required.
  • Support SDA and the Senior Manager – Development Accounts to produce post-development reviews and related reporting (i.e. review of previously approved cashflows to the current incurred and forecast spend assumptions). Key objective for this role will be applying learning where the business has over/under forecasted into future cashflows.
  • Set up of new jobs, packages, and commitments being raised.
  • Manage valuation certification process.
  • Support Investment team with development information in group cashflow analysis.
  • Play key role in developing process to meet the above tasks, constantly reviewing and refining to improve efficiency and information quality.
  • Contribute to finance systems discussions as related to developments with a focus on efficiency and automation of key analysis.
  • Provide general development analysis as required.
What We Require of You

  • Fluent with numbers – qualified accountant and/or has specific relevant experience within the construction/development industry.
  • Down to earth – able to build strong relationships with finance & non-finance individuals and have the confidence to challenge assumptions.
  • Dynamic thinker – confidence to challenge conventional wisdom and ways of working.
  • Strong attention to detail with a high level of proficiency in Excel – figures/analysis produced are correct, underlying workbooks are neat and easy to follow, and analysis is written in clear, very concise manner.
  • Very organised with exceptional time management skills – able to work under pressure, prioritising and meet competing deadlines.
  • Hunger to learn and develop.
  • Experience of Yardi would be a plus.
  • Knowledge of the construction/development industry a plus.

To achieve our company vision, mission and values, there are core responsibilities within each job role that helps us provide a consistent, safe and effective approach, whilst improving the service that we deliver.

All staff shall:

  • Adhere to our Health, Safety, Quality and Sustainability requirements as detailed in our policies within our Integrated Management System. The latest documents including relevant procedures and forms can be found on SharePoint, with Trade Contractor and Consultant related documents on Asite.
  • Act responsibly, and take care of yourselves and others. Follow all necessary precautions, guidance and instructions when conducting, supervising or managing a task. Further details regarding Health & Safety are set out in the Health & Safety Policy, within our Employee Handbook and are available within our health and safety management system located on SharePoint.
  • Protect the environment and reduce our environmental impacts through reducing energy use and minimising waste produced onsite. Staff should adhere to the procedures in our environmental management system. Relevant documents are located on SharePoint.

What We Offer

Diversity and Inclusion: We recognise the importance of embracing diverse experience, skills and perspectives at all levels and operating in an inclusive working environment, in order for everyone to reach their full potential. We also recognise that it makes business sense, since being an inclusive employer leads to better business performance and higher levels of employee engagement and satisfaction. We welcome applicants with diverse backgrounds, perspectives and skills and are committed to fostering a culture whereby everyone can reach their full potential.

Flexible Working: As an inclusive employer, we recognise the positive impact flexible working can have on an individual, their wellbeing, engagement and productivity. Therefore, we are open to consider flexible working arrangements, both temporary or permanent.

Learning and Development: At Canary Wharf Group, our employees receive a wide range of support to help improve their skills and achieve their career goals. We offer development opportunities through classroom and e-learning training, mentoring, cross department experience and on the job learning. We heavily invest in our staff attaining accreditations to develop existing and new skills, support chartered status, sponsorships and provide further educational opportunities which are job and business related. We never stand still and continually invest in developing skills and knowledge to ensure individual and company growth.

Other Benefits: We are committed to building a safe, happy and healthy community for our employees and we offer a comprehensive range of benefits, all designed with our employees and their wellbeing in mind. From generous pension and insurance plans, to health benefits, subsidised gym membership, store discounts and family leave, our benefits package allows our employees to choose the benefits that suit them and their individual needs.

If you are interested in joining our highly professional and skilled team for our next exciting phase of development, please complete the form on this page to apply online or send your cv and covering letter to: Personnel Department, Canary Wharf Group plc, One Canada Square, Canary Wharf, London, E14 5AB.

Early applications are encouraged as we reserve the right to appoint at any point.

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