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Supervisor, Property Accounting

Supervisor, Property Accounting

Recrutement TOTEM Inc.Toronto, Ontario
30+ days ago
Salary
CA$150,000.00 yearly
Job type
  • Permanent
Job description

Ready to level up your accounting career and become a leader? Totem has an incredible opportunity for a Senior Property Accountant to step into a management role with a prominent REIT.

Reporting to the Operations Accounting Manager, you'll collaborate with various real estate-focused teams, including Financial Planning and Analysis, Property Management, Development, and Lease Administration. In this role, you'll deliver timely and accurate management reporting and analytical support. You'll supervise a team of property accountants, focusing on their growth and the continuous improvement of accounting processes.

Responsibilities

  • Lead and mentor a team of property accountants, providing comprehensive training and fostering professional development.
  • Guarantee adherence to financial reporting procedures and timelines.
  • Produce in-depth property-level reporting and variance analysis (monthly and quarterly), including key metrics like Net Operating Income (NOI).
  • Develop and review property accounting budgets, ensuring precision and on-time submission. Analyze budget variances on a regular basis.
  • Support the implementation and maintenance of a property accounting initiative, including the configuration of cost recoveries processes
  • Conduct lease audits, set up, analyze, and review property-related charges (such as CAM and tax) for billing accuracy and efficiency. Assist with resolving tenant discrepancies.
  • Supervise the team's accounting work, with particular attention to lease-related accounting.
  • Timely completion of adjustments, working closely with Property Management to send tenant notices and chargeback billings.
  • Prepare and approve regular journal entries, analyzing any discrepancies between actual costs, budgets, and forecasts.
  • Promote compliance, consistency, and clarity throughout all property accounting functions.
  • Coordinate with auditors (both external and internal) to provide reports and necessary information.
  • Manage key projects, collaborate with other finance teams, and ensure accurate accounting and reporting of metrics.
  • Handle additional projects as assigned by the Operations Accounting Manager.

Experience Required

  • CPA is required for this role.
  • Minimum of 3 years of experience in a senior accounting role within the real estate industry.
  • In-depth understanding of lease contracts, terms, and clauses.
  • Experience with CAM recovery processes, ideally within retail.
  • Solid comprehension of IFRS property accounting principles.
  • Strong leadership abilities and the capacity to motivate a team.

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