Property Accountant

Job Description:

Income Producing Properties team is looking to add a Property Accountant to the team to support its continued growth. This high-performing IPP accounting team manages a diverse and complex portfolio of residential and commercial properties that span a variety of asset classes. Partnering with both the Commercial and Residential Property Management teams, this position calls for a strong communicator and relationship builder that is keen to suggest process improvements and provide added value throughout the financial reporting life cycle.


Key responsibilities include:

Monthly

  • Preparing monthly standard financial statements

  • Amortization/Depreciation entries

  • Calculate vacancy shortfalls and managing the rent-roll billings

  • Following up on monthly variances with property management or other departments

  • Working closely with the Property Management teams and other departments to investigate variances

  • Forecasting based on changes in projected leases, vacancies and expenditures

  • Reviewing and reconciling inter-company accounts

  • Assisting in preparation of financial reporting packages for management

  • Completing GST/PST Remittance

Quarterly

  • Preparing cash-flow analysis including target vs actuals in relation to forecasts

  • Consolidating multi-year cash flow forecasting for own portfolio

Annually

  • Creating multi-year budgeting/forecasting and budget/forecast analysis for revenue properties

  • Preparing year-end closing entries for own portfolio

  • Completing annual CAM and Tax recovery reconciliation


Qualification:

  • At least 2-3 years of related experience in property accounting (commercial, residential or both)

  • Strong analytical skills and experience working with complex transactions

  • Strong communication skills (written and oral)

  • Working knowledge of Yardi will be considered an asset

  • CPA designation or in active pursuit of CPA will be considered an asset


Compensation:

Company offers a very competitive compensation structure that supplements your regular income with a robust benefits package:

  • Medical and Dental Coverage: Our industry leading benefits package covers you and your dependents at no cost

  • RRSP Matching: We support your future goals by matching up to 5% of your RRSP contributions.

  • Friends and Family Program: Early and exclusive access to our newly released projects

  • Professional Development and Education Support