Property Accountant

Sphere Recruitment Solutions - Toronto, ON, Canada

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



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