Director, Property Accounting

Reports to: Senior Director, Property Accounting
Department: Property Accounting

Position Summary

The Director, Property Accounting is responsible for leading the end-to-end property accounting function for a defined portfolio, ensuring accurate, timely, and value-added financial reporting while driving operational excellence, process improvement, and scalability. This role serves as a key business partner to Property Management, Asset Management, and Finance leadership, with accountability for delivering high-quality financial information, enhancing processes, and building a high-performing team aligned with SmartCentres’ growth objectives.

Responsibilities

- Transactional Accounting & Reporting
- Oversee monthly, quarterly, and annual financial close processes for assigned property portfolio
- Ensure accuracy of revenue recognition, CAM recoveries, and property tax billings
- Ensure accuracy of journal entries, reconciliations, and working papers

- Manage year-end processes, including tenant billings and audit support
- Prepare, report, and present financial results to senior management
- Monitor compliance with lease agreements, management agreements, and internal accounting policies
- Ensure integrity of property-level financial data and reporting outputs
- Budgeting, Forecasting & Financial Analysis

- Lead preparation and review of annual operating budgets, reforecasts, and cash flow projections
- Provide portfolio-level insights including variance analysis, NOI drivers, and cost optimization opportunities
- Partner with Asset Management and FP&A; to enhance forecasting accuracy and decision-making





- Project Work & Process Improvement

- Lead or participate in cross-functional initiatives such as system implementations, process transformation, and integration of new properties or developments
- Identify opportunities to improve efficiency, controls, and reporting quality, and streamline workflows across accounting and operations
- Support transaction-related activities (acquisitions, dispositions, refinancing, developments)

- Team Leadership & Development

- Lead and develop a team of Accounting Managers and staff, setting explicit expectations and accountability
- Provide coaching, mentoring, and performance feedback; build bench strength and succession planning within the team
- Foster a culture of accountability, ownership, continuous improvement, and collaboration across departments

- Technology & Data Enablement

- Champion the use of technology to enhance accounting processes, including advanced use of Yardi, automation of repetitive tasks, and data analytics and reporting tools such as Power BI and advanced Excel
- Partner with systems and IT teams to improve data integrity and accessibility and implement scalable solutions for portfolio growth
- Drive adoption of standardized reporting and process automation across the team

Academic/Professional Requirements





- Accounting designation is an asset
- Bachelor’s degree in a related field

Required Skills & Experience

- 7–10+ years of progressive experience in property accounting or real estate finance
- Strong experience managing teams within a real estate environment
- Deep understanding of property accounting, CAM, tax and chargeback billings, financial reporting, and audits
- Proven ability to lead process improvements and system enhancements
- Advanced Excel skills; experience with Yardi required
- Experience with data analytics and automation tools considered an asset

Key Competencies

- Strong leadership and team development capabilities
- Business acumen with ability to partner across functions
- High attention to detail balanced with strategic thinking
- Ability to manage complexity and multiple priorities
- Continuous improvement and technology mindset

Values

The Director, Property Accounting shall conduct himself or herself in a respectful and ethical manner in representing the Trust’s interests. The role shall demonstrate entrepreneurialism, behave like an “owner”, and exhibit creativity and resourcefulness. Accountability for decisions, teamwork, and sharing ideas to achieve common goals are expected.

Compensation

The expected base pay range is: $125,000–$135,000.

Equal Opportunity Employer

We are an equal opportunity employer committed to an inclusive and accessible recruitment and selection process. If you are contacted about an employment opportunity, please advise if you require accommodation.

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📌 Director, Property Accounting VMC (Vaughan)
🏢 SmartCentres REIT
📍 Vaughan