Job Title Property Accountant

Location Toronto, ON 

Category Property Management

Job Type Permanent

Job Description

We currently have an opening for a Property Accountant with our client, a large commercial real estate company, based in Toronto.

Responsibilities

• Maintain the property management books for the assigned commercial portfolios.
• Review A/R and A/P transaction reports ensuring accuracy.
• Review preliminary monthly statements and generate financial statements to complete the monthly reporting package.
• Assist the Operations Group in preparation of the annual budget.
• Complete the analysis of all capital costs incurred.
• Prepare quarterly financial reporting packages to clients.
• Prepare monthly journal entries, A/R adjustments and submit the monthly tax reconciliations.
• Review and approve cheques, management fees, leasing fees and chargeback invoices to tenants.
• Prepare annual CAM (Common Area Maintenance) & Realty tax adjustments.
• Review and post rent rolls.
• Support the property manager in answering tenant queries.
• Review and update tenant lease information in Yardi.
• Maintain year end working paper files including the preparation of CAM and Realty Tax adjustments.
• Prepare year-end audit working paper files with supporting schedules.

Qualifications

• Post-secondary education in accounting.
• Working towards a CPA designation is an asset.
• Two (2) years of progressive property accounting experience within the commercial real estate industry.
• A strong understanding of CAM and Tax recoveries, being able to calculate and record the tenant unbilled operating costs and property tax amounts on a monthly basis.
• Excellent knowledge of Microsoft Excel, able to use pivot tables and complex financial formulas.
• Knowledge of commercial property accounting software such as Yardi.
• Strong analytical and problem solving skills.

Posted On: Tuesday, December 15, 2020