Role details

Commercial Property Accountant

Toronto   •   CA$50,000 - CA$55,000   •  Permanent

Bullet points

  • Commercial Property Accountant
  • Property

About Our Client

Leading commercial real estate organization.

Job Description

Main Responsibilities and activities for allocated properties to accountant

  • Reporting: Prepare month-end journal entries, monthly bank reconciliation and general ledger reconciliations to the sub ledger; maintain schedules reconciling cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities. In addition, organize full accounting cycle for real estate properties. Review and prepare monthly, quarterly, and yearly financial statements and ensure that all monthly reporting deadlines are met. Prepare HST remittance for each property.
  • Budgets: Provide YTD actual, review final version and input into system. Update non- operational expenses such as mortgage interest legal and accounting fees and other administrative fees.
  • Year End: Prepare year-end working paper files, provide auditors with back up, financial statements, and comparative analyses and assist in audit.
  • Tenant's Reconciliation: Prepare accurately CAM, TAX and other recoveries within the specified deadlines utilizing the recovery module in Yardi and in Excel where applicable.



  • Transactions for new or sale properties: Ensure all transactions are recorded, including asset purchases / sales of land / building; monitor post closing to be completed within the timeframe dictated by the purchase and sale document.
  • Cash flow management: Prepare cash flow projection on a timely basis. Monitor and inform Senior Accountant of the cash position (distributions/contributions).
  • Monitoring A/R, A/P: Oversee accounts receivables and accounts payables including review of cash requirement reports and reconciliation of tenant statements. Monitor banking deposits and daily balances. Monitor operational expenses on a monthly basis by performing variance analysis.
  • Liaise with property administrators and property managers. Maintain records of all the Tenants Improvements, Building Improvements, leasing commissions, and other capital renovations. Communicate with outside parties (landlords, lawyers, accountants) when required.
  • Take initiative to propose improvements of the accounting process or management of the flow of information to Accounting Managers.
  • Coach and train Jr. Property Accountants in setup, system utilization and improving processes and work-flows.
  • Review the work and financial reporting prepared by Jr. Property Accountants.



Scope

  • Fulfill all responsibilities and activities in close cooperation with other Property Accountants, A/P-A/R Clerks, Property Administrators and Property Managers.

The Successful Applicant

Qualifications



Education

  • Minimum: College diploma or University degree preferable in business or financial management.
  • A professional accounting designation is an asset, active enrollment in the Canadian CPA program or a foreign accounting designation may be considered.Experience
  • 3 to 5 years of accounting experience preferable in commercial property management.
  • Minimum of 1 year experience working with Yardi Voyager accounting system.Skills and abilities
  • Excellent communication, interpersonal and customer service skills.
  • Support our company's values: integrity, accountability, service excellence and teamwork.
  • Possess strong analytical and problem solving skills.
  • Maintain attention to detail.
  • Possess strong computer skills, advanced in excel.
  • Take initiative.
  • Self-starter with ability to work independently as well as part of a team.

What's on Offer

Great environment * excellent location * opportunity for growth

Apply for this job

Click the Apply or LinkedIn button below or contact Shaina Lewin-Wright quoting job reference 1218227
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