Property Accountant

We are looking for a Property Accountant for a mixed portfolio of Condominium Corporations.

The Property Accountant reports directly to the Vice President of Finance and is assigned a portfolio of properties managed by Duka Property Management Inc.

The Property Accountant is responsible for the accurate recording of all accounting transactions and timely preparation of all financial statements.

He / she ensures that the accounting procedures conform to the Generally Accepted Accounting Principles of Canada and comply with the Condominium Act, 1998 and the company’s policies and procedures.

The Property Accountant is required to work independently with minimal supervision. The Property Accountant is expected to develop a good working rapport with owners and trades, maintaining a diplomatic professional attitude at all times when dealing with the public and owners of the Corporation.

The successful candidate will have 2+ years of experience in Condominium Property Management, post-secondary education, advanced knowledge of computers, and good communication skills.

Responsibilities :

• Prepare and send monthly financial statements to Condominium Managers / Vice President of Finance on or before the 15th day of each month.
• Prepare bank reconciliations for Condominium Corporations.
• Review accounting records / transactions and make corrections / adjustments if necessary; report any abnormalities to the Vice President of Finance.
• Assist Condominium Managers in the preparation of the annual budget by providing data, analysis, and reports as required.
• Post the approved budget in the system.
• Process month and year-end periods in the accounting software, including any changes in utility setups.
• Provide full support / assistance to the Vice President of Finance.
• Monitor the financial positions of the properties and report any abnormalities to the Condominium Managers.
• Review financial statements periodically to ensure timely monthly reserve fund contributions and payment of all bills; ensure investments comply with the Condominium Act, 1998.
• Ensure invoice payments from operating and reserve fund accounts are appropriate as per the Condominium Act, 1998.
• Provide suggestions to Condominium Managers on investment instruments / terms for the Board of Directors to consider.
• Monitor and / or calculate charge backs, including Shared Facilities, commercial components, reciprocal agreements, utilities, etc.
• Assist the Condominium Corporations / CRA Auditors during audits.
• Book audits, prepare audit documents and records, and post audit adjustment entries.
• Ensure all documents are received when taking over new properties; review accounts / documents and assist the accounting staff in recording them into the system.
• Post opening balances for new Condominium Corporations.
• Ensure all records / documents are in good order when turning over existing Corporations, and forward them timely to the Vice President of Finance prior to being released to the new management company.
• Assist Condominium Managers / Vice President of Finance or other senior executives in preparing ad hoc reports.
• Assist Accounts Payable / Accounts Receivable Specialists in resolving any problems that may arise.
• Prepare and conduct frequent meetings with the Accounting team.
• Attend Senior Management Meetings as required.
• Perform other duties as may be required.

Compensation Package will include :

Competitive Salary, Extended Health Care, Dental, Vision, ADD & Life Insurance.

Application Process :

Applicants should submit a résumé and cover letter outlining how they meet the specific requirements of the position.

Our company welcomes diversity in the workplace and encourages applications from all qualified applicants. We are committed to accommodating applicants’ needs in accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code throughout the selection process.

Please contact our HR department should you need accommodation.

Interviews will begin as early as suitable candidates are identified. We thank all applicants in advance for their interest;

however, only those invited to an interview will be contacted.

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