Property Accountant

Recrutement TOTEM Inc.
Toronto, Ontario
$85K a year (estimated)
Permanent

Totem is managing a search for a Senior Property Accountant on behalf of our real estate client in Vaughan, ON.

About the Company :

This leading development and property management firm boasts a diverse portfolio exceeding 16 million square feet across industrial, retail, and office spaces.

Position Summary :

Leveraging your accounting expertise, you'll analyse financial data, prepare comprehensive reports, and contribute to the organization's financial success.

Key Responsibilities :

  • Prepare year-end financial data for external audits and address any inquiries.
  • Create quarterly financial statements and covenant calculations for lenders.
  • Reconcile income tax accounts to interim statements and official assessments.
  • Handle stub period income calculations.
  • Manage common area maintenance (CAM) and realty tax (RT) reconciliations.
  • Develop and implement utility charge-back systems for high-usage tenants.
  • Analyze lease agreements, ensuring accurate operating expense recovery.
  • Address tenant inquiries regarding CAM and RT invoices.
  • Collaborate with realty tax consultants on tax bills and tenant allocations.
  • Record year-end audit entries, validate final financial statements, and deliver them to owners / partners.
  • Uphold all company, client, and regulatory safety policies and procedures.
  • Perform additional duties and projects as assigned.

Minimum Qualifications :

  • 3+ years of experience in property management accounting with a focus on ASPE application.
  • Proficient use of Yardi Voyager and advanced Excel skills.
  • Proven track record in preparing financial reports for external audits, quarterly statements for lenders, and reconciling income tax accounts.
  • Experience analyzing lease agreements, managing CAM & RT reconciliations, and collaborating with realty tax consultants.
  • Strong written and verbal communication skills demonstrated in a professional accounting environment.

Preferred Qualifications :

  • Professional accounting designation (CPA, CA, CGA, CMA, CFA).
  • University degree in a relevant field.
  • In-depth knowledge of relevant federal, provincial, and municipal reporting requirements.

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

30+ days ago
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