Property Accountant

Totem is managing a search for a Senior Property Accountant on behalf of our real estate client in Vaughan, ON. About the Company : This leading development and property management firm boasts a diverse portfolio exceeding 16 million square feet across industrial, retail, and office spaces.

Position Summary : Leveraging your accounting expertise, you'll analyse financial data, prepare comprehensive reports, and contribute to the organization's financial success.

Key Responsibilities : - Prepare year-end financial data for external audits and address any inquiries. - Create quarterly financial statements and covenant calculations for lenders.

• Reconcile income tax accounts to interim statements and official assessments. - Handle stub period income calculations.
• Manage common area maintenance (CAM) and realty tax (RT) reconciliations. - Develop and implement utility charge-back systems for high-usage tenants.
• Analyze lease agreements, ensuring accurate operating expense recovery. - Address tenant inquiries regarding CAM and RT invoices.
• Collaborate with realty tax consultants on tax bills and tenant allocations. - Record year-end audit entries, validate final financial statements, and deliver them to owners / partners.
• Uphold all company, client, and regulatory safety policies and procedures. - Perform additional duties and projects as assigned.

Minimum Qualifications : - 3+ years of experience in property management accounting with a focus on ASPE application. - Proficient use of Yardi Voyager and advanced Excel skills.

• Proven track record in preparing financial reports for external audits, quarterly statements for lenders, and reconciling income tax accounts.
• Strong written and verbal communication skills demonstrated in a professional accounting environment. Preferred Qualifications : - Professional accounting designation (CPA, CA, CGA, CMA, CFA).
• University degree in a relevant field. - In-depth knowledge of relevant federal, provincial, and municipal reporting requirements.

Intrigued by this position and think you might be a good fit? Contact Tim Dunn at [email protected] to explore further.