About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $73.8 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal : Excellence lives here.
Reporting directly to the Accounting Manager, the Property Accountant is responsible for adding value to QuadReal by providing meaningful financial information that is professional, accurate and free of material misstatements, while living and embodying the QuadReal values :
- Integrity – Integrity is our foundation
- Collaboration – Collaboration is our strength
- Performance – Performance is our focus
- Innovation – Innovation is our mindset
- Responsibility – Responsibility is our promise
Responsibilities include but are not limited to :
Produce monthly and / or quarterly financial statements as specified by QuadReal policy / requirementsIncorporate high-level thinking and analysis when preparing financial statements and recognize when to adjust for material items and / or explain material variancesUtilize analytical skills to review work both at high and grass-root level to present meaningful high-level NOI and CAPEX analysisAnalyze and understand all balance sheet accounts and reconcile working papers in a meaningful way; ensure all processes related to balance sheet items are completed and reviewedUnderstand property expenditures and revenues; hard book expense accruals, adjusting only when necessaryCommunicate and escalate as required on a timely basis any material issues, reporting or collaboration gaps or roadblocksReview and approve leases and lease review checklists thoroughly and in a timely manner; ensure set-ups agree with lease language for all items including, but not limited to; rental charges, security deposits, TI and / or LLW amounts and applications thereof and correct interpretation and application of any other relevant clauses; ensure and maintain proper set-up of straight-line rent, recoveries, and any other accounting -related processes that are lease drivenEnsure files are saved according to QuadReal standard set up on shared drive and / or Commercial Property Accounting Info Site and that they are professional and transparentSet up and maintain tenant’s recovery in Yardi recovery model in accordance with lease language; use Yardi recovery model to calculate and record monthly and annual operating costs and realty tax recovery adjustments, billings, and estimatesMonitor and be aware of large cash flows items; ensure cash distributions / cash calls and HST reconciliations are completed in a timely manner and are free of material errorsCompile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputesComplete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for assetReview capital and leasing job costs monthly; ensure jobs are set up correctly with proper status and current forecast informationPrepare intelligent property budgets and reforecasts within assigned deadlines adhering to QuadReal processSupport acquisition and disposition activity as required including post-closing adjustments; ensure trial balances or outstanding items are cleaned up in a timely manner after dispositionCommunicate efficiently and effectively, in a professional manner, with all QuadReal employees and others outside the organizationSupport other departments as needed with reconciliations, tenant inquiries, financial analysis, etc.Provide supplementary reporting or details as required by the clientProvide input / feedback for improving procedures and initiating quality and efficiency enhancementsOther duties as assigned from time to timeQualifications :
Qualified or enrolled CPA designation or relevant work experience in full cycle property accountingMinimum 2 years commercial property accounting experiencePrevious retail property accounting experience would be an assetRelationship Skills : ability to communicate effectively, both oral and written; ability to develop and sustain cooperative working relationships and contribute to a positive work environment; willingness to learn and contribute to a dynamic environment that includes new ideas and changeOrganizational / Multi-Tasking : ability to allocate one’s time effectively, work under pressure, and meet tight deadlines; ability to handle multiple demands and competing priorities; ability to prioritize workload; ability to work and analyze at a high level; willingness to learn in a dynamic environment that includes new ideas and changeDecision Making Skills – ability to identify, analyze, and solve problems; ability to take decisive action and seek direction when neededComputer Skills – intermediate to advance skills in Excel, Word, and other Microsoft Office programs; knowledge of Yardi an assetQuadReal will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format. If you require accommodation, please advise the Talent Acquisition team member you are working with and include the following : Job posting #, your name and your preferred method of contact.
