Job Title: Property Accountant

Location: 50-2700 Dufferin St, Toronto, ON, M6B 4J3

Permanent, full-time.

Compensation $70,000 to $80,000/37.5 hours per Week

Weekly Hours – 37.5

Mandatory - On-site.

Responsibilities:

- Financial Reporting and Accounting: Prepare accurate monthly financial statements and supporting working papers for Residential, commercial and retail properties. Prepare month-end journal entries and maintain monthly bank reconciliation, general ledger reconciliations to the sub ledger: cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities. Organize full accounting cycle for real estate properties.
- CAM Reconciliations: Perform reconciliations of Common Area Maintenance (CAM) charges and ensure accuracy in tenant billing.
- Budgeting: Assist with annual budgeting processes to align financial goals with business objectives and Prepare budget template including previous year’s budget and current year forecast to Property Managers and assist Property Managers in preparing each property’s yearly budgets.
- Cash Flow Management: Manage cash flows, including capital calls and funding needs for property development projects and work out credit monitoring arrangements for banks.
- Audit Support: Support year-end audit and tax filing processes, ensuring timely completion and accuracy. Prepare year-end working paper files, provide auditors with financial statements, comparative analyses, sub ledger schedules, backups.
- Pre-construction Support: Coordinate financial updates and analysis for pre-construction projects to ensure financial feasibility through financial modelling by computing IRR, capital structure and drawdown etc.
- Management Reporting: Assist in quarterly internal and external management reporting processes.
- Technical Accounting:



Analyze and resolve complex technical accounting issues related to Residential, commercial and retail properties.
- Project Management: Monitor project cash positions and prepare draw packages for development assets.
- Tax Compliance: Ensure compliance with HST and other relevant tax regulations for real estate, commercial and residential properties.
- Process Improvement: Design and implement accounting processes and controls to enhance efficiency and accuracy.
- Supervision – Supervise a team of 3-4 people.

Qualifications:

- College/University degree in Accounting, Finance or related field required.
- Minimum 3 years of experience in Real Estate.
- Working experience with Yardi Voyager and Newstar.
- Advanced proficiency in MS Office suite and advance excel skills.
- Self-motivated and professional with exceptional verbal and written communication skills.
- Strong ability to foster collaborative working relationships and demonstrate handling a team.
- Effective time management and prioritization abilities, with meticulous attention to detail.
- Fluent in written and spoken English.
- Takes initiative.
- Able to be a self-starter with ability to work independently, as well as lead a team.

Benefits

- Discretionary Bonus
- Insurance Coverage for Health, Dental, Vision and Life
- Paid Vacation Time

Please apply by emailing your resume to [email protected]. We welcome all applications but only those suitable will receive a response.

Job Types: Full time, Permanent

Pay: $70,000.00-$80,000.00 per year

Benefits:

- Dental care
- Extended health care
- Paid time off

Application question(s):

- How many years of Real Estate Experience do you have?

Education:

- Bachelor's Degree (required)

Language:

- English (required)

Licence/Certification:

- CPA or Foreign Chartered Accountant Designation (preferred)

Work Location: In person

📌 Property Accountant (Canada)
🏢 Megapro X Properties
📍 Canada