Accounting Manager - Permanent/onsite - $90-100/K - Markham, ON The Accounting Manager will be responsible for managing the day-to-day accounting operations for multiple commercial real estate entities while providing strategic financial support to ownership. This role requires a strong understanding of commercial property accounting, financial reporting, CAM/TMI reconciliations, budgeting, lender reporting, and financial modelling.

The successful candidate will be a proactive, detail-oriented accounting professional capable of working independently while collaborating with property management, external auditors, lenders, and ownership.

Key Responsibilities

Prepare accurate monthly financial statements for multiple commercial properties and corporate entities.

Maintain the integrity of the general ledger and ensure accurate financial records.

Perform monthly bank reconciliations and account reconciliations.

Reconcile rent rolls with financial records and investigate discrepancies.

Prepare comprehensive monthly reporting packages, including:

Income Statements

Balance Sheets

Cash Flow Reports

Variance Analysis

Rent Roll Summaries

Ensure accounting records remain audit-ready throughout the year.

Maintain compliance with applicable accounting standards and company policies.

Budgeting, Forecasting & Financial Planning

Lead the preparation of annual operating budgets across industrial, office, and retail assets.

Develop monthly, quarterly, and long-term financial forecasts.

Prepare multi-year cash flow projections.

Assist with capital expenditure planning and reserve forecasting.

Partner with property management teams to validate operating assumptions and budget inputs.

Analyze operating results and recommend opportunities to improve financial performance.

CAM/TMI Administration





Prepare annual Common Area Maintenance (CAM) and Tax & Maintenance (TMI) budgets.

Perform annual CAM/TMI reconciliations.

Ensure accurate allocation of recoverable operating expenses.

Review lease provisions to ensure proper tenant recoveries.

Respond to tenant inquiries regarding CAM/TMI calculations.

Improve internal processes surrounding expense coding, allocation methodologies, and documentation.

Audit & Lender Reporting

Coordinate year-end audit preparation.

Prepare audit working papers and supporting schedules.

Act as the primary liaison with external auditors.

Coordinate the preparation of annual lender reporting packages, including:

Property financial statements

Rent rolls

Budget submissions

CAM/TMI reconciliations

Supporting financial schedules

Monitor compliance with loan covenants, including:

Loan-to-Value (LTV)

Assist with refinancing transactions, loan renewals, lender due diligence, and financing requests.

Investment Analysis & Acquisitions

Build detailed financial models for acquisitions, refinancing opportunities, and development projects.

Net Operating Income (NOI)

Internal Rate of Return (IRR)

Cash-on-Cash Returns

Sensitivity Analysis

Evaluate financing structures and debt scenarios.

Prepare investment memorandums and financial recommendations for ownership.

Participate in acquisition due diligence, including financial analysis and document review.

Leadership,



Systems & Process Improvement

Supervise, mentor, and support members of the property accounting team.

Assist in recruiting and developing accounting staff as the organization grows.

Implement best practices in accounting procedures and internal controls.

Drive process improvements to enhance reporting accuracy and operational efficiency.

Support the implementation and optimization of property management and accounting software, including Yardi, MRI, or similar ERP systems.

Qualifications Required

CPA designation in Canada.

Minimum 7 years of commercial real estate accounting or finance experience.

Strong knowledge of commercial office, industrial, and retail property operations.

Demonstrated experience preparing financial statements for multiple legal entities.

Extensive experience with CAM/TMI budgeting and reconciliations.

Experience preparing annual operating budgets and financial forecasts.

Advanced Microsoft Excel skills.

Experience working directly with auditors, financial institutions, and ownership groups.

Excellent analytical, organizational, and problem-solving skills.

Strong communication and interpersonal abilities.

Ability to manage multiple priorities while meeting deadlines.

Preferred

7-12 years of progressive commercial real estate accounting experience.

Experience with Yardi, MRI, or comparable property management systems.

Robust financial modelling and investment analysis experience.

Previous experience supporting acquisitions and refinancing transactions.

Supervisory or management experience.

Experience improving accounting systems and implementing internal controls.

Leadership and team development

Strategic financial planning

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📌 Accounting Manager (Markham)
🏢 Redwood Employment
📍 Markham