Property Accountant
Employment Type
Permanent
Location
TORONTO, Ontario
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Job Description :
Our client is established and in the real estate space looking for a Property Accountant to join their team. Reporting to the Supervisor, Property Accounting, you will work closely with Real Estate Financial Planning and Analysis, Property Management (Operations), Construction / Development teams, and Lease Administration to provide timely & accurate management reporting and analytical support for the REIT.
Duties of the Property Accountant is as follows :
- Ensure all monthly financial and management reporting required is accurate and delivered on a timely basis including preparation of detailed variance analysis of property NOI
- Ensure all accounting records related to all properties are kept up to date within company accounting policies
- Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines, procedures, and deadlines
- Prepare, review and approve monthly, quarterly and annual journal entries and ensure a strong control environment
- Coordinate with Lease Administration to ensure all lease setups and rent escalations are accurately reflected in the accounting system
- Update recovery setup for tenants in accordance with their leases and maintain straight line rent
- Timely and accurate completion of CAM and tax tenant billing adjustments; working with Property Management (Operations) for preparation of tenant pre-bill notices and chargeback billings
- Assist in internal and external audit requirements by providing working papers and ensure compliance to enterprise processes and policies
- Preparation and consolidation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable
- Assist or take leadership role where necessary on any special projects or transactions during the year
TMGNY
Job Requirements :
- University degree in Accounting or a business related discipline
- Accounting designation (CPA) or designation in progress / pursuing designation
- Minimum 2+ years of accounting experience required, candidate with exposure to commercial real estate is preferred.
- Excellent interpersonal and communication skills (both written and verbal)
- Strong analytical, decision making, and problem solving skills
- Ability to deliver excellent customer service with internal and external stakeholders
- Advanced working knowledge of Microsoft Excel and general ledger accounting systems
- Working knowledge of Yardi is considered an asset
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