Senior Property Accountant

Job Title : Senior Property Accountant

Location : North York, ON.

Permanent, full-time.

Hybrid.

Main responsibilities :

• Prepare month-end journal entries and maintain monthly bank reconciliation, general ledger reconciliations to the sub ledger : cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities.
• Organize full accounting cycle for real estate properties.
• Prepare monthly Accounts Receivable reports, monthly vacancy loss reports, weekly availability reports, report of proposed tenant increases approximately 120 days in advance of tenants’ anniversary dates.
• Prepare other reports such as move in / move out reports as and when required by relevant parties.
• Prepare monthly operating income statements and balance sheets for all Company owned and third-party residential properties with supporting schedules and submit to operation department for review.
• Prepare budget template including previous year’s budget and current year forecast to Property Managers and assist Property Managers and Senior Accountants in preparing each property’s yearly budgets.
• Prepare year-end working paper files, provide auditors with financial statements, comparative analyses, sub ledger schedules, backups.
• Assist in audit of residential properties.
• Ensure all transactions are recorded, including asset purchases / sales of land / building; SOA; monitor post-closing to be completed within the timeframe dictated by the purchase and sale document.
• Oversee A / R and A / P including review cash requirement reports and reconcile tenant statements. Monitor banking deposits and daily balances.
• Monitor operational expenses on a monthly basis by performing variance analysis.
• Review and initial residential expenditures including allocation to appropriate property and expense account.
• Daily / weekly / monthly bank reconciliations for Residential banking accounts and tenant refund banking account.
• Liaise with property administrators and property managers. Assist site administrators in performing prospective tenant applications and AR collections.
• Maintain third party property files to include mortgage schedules, insurance liability schedules, capital item warranties and revenue contracts.
• Take initiative to propose improvements of the accounting process or management of the flow of information to Senior Accountant.

Qualifications :

• College / University degree in Accounting, Finance or related field required.
• CPA designation or in progress required.
• 3 to 5 years of accounting experience in Residential property management.
• Minimum of 1-year experience working with Yardi Voyageur.
• Possess strong analytical and problem-solving skills.
• Maintain precise attention to detail.
• Possess strong computer skills; advanced in excel.
• Provide excellent communication and customer service.
• Takes initiative.
• Able to be a self-starter with ability to work independently, as well as part of a team.

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