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.
• Experience analyzing lease agreements, managing CAM & RT reconciliations, and collaborating with realty tax consultants.
• 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 to explore further.