Property Accountant

Property Accountant

Employment Type

Permanent

Location

Toronto, Ontario

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Job Description :

Our client, one of the world’s largest real estate manager is looking to hire a Property Accountant. This position works closely with other accounting team members in providing timely & accurate management reporting and analytical support to the Property Management Group, Asset Management, and Corporate Accounting.

Month-end and Quarter-end Closing and Reporting :

• Preparation of monthly management reports as required by co-owners / asset management. Includes preparing variance analysis, reports and coordinating with Accounting Manager and / or Property Manager for review and finalization of reports.
• Preparing monthly supporting documentation package for SOX purposes, including balance sheet reconciliation, property close checklist and other documents listed on the property close index for Accounting Manager review.
• Prepare and post routine and non-routine journal entries.
• Maintain recovery schedule (including operation, tax and utility recoveries).
• Calculate pre bills and final bills based on Operation budget and Audit report.
• Preparation of corporate required variance analysis and adhoc reporting including, but not limited to :
• Recovery Analysis (Close Statistics).

Financial Reporting and Audits (internal and external reporting) :

• Assist in preparing and providing external auditors with Draft CAM’s, Working Papers supporting calculations (i.e. gross up calculations, demised electricity, etc.).
• Provide support with responding to external audit queries in a timely manner based on requests for additional information or for invoice sample requests.
• Preparation of lead sheets and working papers with appropriate referencing.

Budgets :

Work with Property Management and Asset Management in preparing the annual property budget.

Other :

• Fulfill ad-hoc financial analysis from Property Management, Asset Management and / or Corporate Accounting.
• Assist in the timely & accurate completion of monthly forecasting by due dates specified by the Accounting Calendar.
• Ensure accounting processes are executed efficiently and effectively. Document, when required, evidence of effective review of internal control processes.

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Job Requirements :

EXPERIENCE & TECHINCAL SKILLS :

• Minimum 3-5+ years property management accounting experience is required. Preference will be given to those who have worked within a commercial property management environment.
• Working knowledge of month end / accounting cycle for the preparation of full set of financial statements.
• Preparation of financial statements, cash management, budgets, audit working papers and Tenant operating cost adjustments.
• Exposure to inter-departmental relationships within a large organization.

EDUCATION / DESIGNATIONS / LICENSES :

• A University Degree or College Diploma in an accounting related field of study is required. Preference will be given to candidates enrolled in the Intermediate levels of a recognized accounting program (CPA).
• Intermediate working knowledge of Microsoft Word and Outlook is required.
• Intermediate to advanced working knowledge of Excel is required.
• Exposure to Yardi is considered an asset.

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