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Senior Property Accountant – Hybrid

Accounting and Finance, Real Estate, Construction and Property Management
Permanent, Full-Time
Richmond

Job Description

Are you ready to join our client’s team as a Senior Property Accountant? The Senior Property Accountant is an action-oriented team player who will complete accounting tasks for the assigned portfolio that meets service agreements, expectations of clients/tenants, and property manager and internal accounting procedures. The position will also manage the corporate accounting functions related to the company and its subsidiaries.

This opportunity requires a result-oriented individual, who thrives on building relationships and accepting new challenges within a fast-paced environment.

Key Responsibilities

Accounting

  • Full-cycle accounting for a portfolio of commercial, income-producing properties and corporate accounting functions for the management company, parent company and its subsidiaries.
  • Ensures timely completion of the monthly client-related accounting cycle including bank reconciliations; monthly financial statements in keeping with company protocols.
  • Coordinates and manages accounting procedures related to acquisition/disposition of assets.
  • Prepares monthly/quarterly operational and lender reporting packages;
  • Perform monthly financial statement variance analyses and review actual to budget/forecast/prior year to ensure balances are reasonable and aligns with accounting policies and corporate goals;
  • Review monthly trial balances and general ledgers of corporate entities to ensure transactions are recorded accurately, GL accounts and subledger accounts agree and that an action plan is in place for outstanding balance sheet items.
  • Review and reconcile monthly intercompany transactions and ensure accounts are in balance;
  • Prepares GST, PST and parking tax reconciliations and filing remittances.
  • Prepares annual working paper files and assists with audit requests as required.
  • Conducts financial analysis and projections and analyzes variances from current and budget/forecast/prior periods to identify trends, risks and opportunities;
  • Investigates, resolves issues/concerns and recommends preventative action/procedure;
  • Prepares rent roll reports, tenant rental statements and year-end operating cost/property tax reconciliations;
  • Establish and maintain effective internal control procedures to safeguard assets and ensure accuracy in financial reporting;
  • Identify opportunities for process improvements and efficiency enhancements within the accounting function, and implement solutions to streamline processes;
  • Provide financial insights and analysis to support decision-making.

 

Treasury Management

  • Ensures that the properties in the portfolio have working capital by monitoring transactions on a regular basis;
  • Prepares distributions, vendor payment and funding requests;
  • Prepares bank and intercompany reconciliations;
  • Recommends improvements to the internal banking and treasury processes to enhance efficiencies for the accounting team;

 

Budgeting/Forecasting

  • With inputs from the property manager, completes annual property budgets and recoveries according to established internal deadlines and client/tenant commitments;
  • Prepares forecasts for properties with inputs from property management and leasing.

 

Key Relationships and Interactions

  • Reports to the Director, Finance
  • Key collaborations: Property Accountant, Property Administrators, Property Manager, Leasing & Development Coordinator, Team & Office Administrator
  • Key external interactions: auditors, bank account managers, contractors/vendors, Yardi support

Qualifications

The Person

The ideal candidate will bring the following qualifications and experience:

  • Bachelor of Business/Commerce, major in accounting, or related field, or financial management certificate.
  • Minimum 3+ years of accounting experience and able to demonstrate solid knowledge of ASPE; experience in real estate accounting an asset.
  • A natural organizer and detail-oriented, able to effectively manage time and energy, respecting deadlines and responding appropriately when urgency is needed.
  • Proficient with Microsoft Office, in particularly Excel, Word
  • Working knowledge of Yardi Voyager a definite asset
  • Able to work effectively both independently and collaboratively in a small team environment.
  • Communicates efficiently and effectively, in a professional manner, with all the employees and external business partners.
  • Demonstrates and embodies the company’s core values and aligning decision making that focuses on organization and departmental goals.

What's In It For You

Earn an annual salary of $85K with bonus potential, as well as flexible work schedules, half days on long weekends, a competitive benefit plan and incentive plan, $2000 house account per annum, RRSP after one year of employment and 3 weeks' vacation to start.

Salary

Up to $85,000/year
 
 

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