29 Sep
|
QuadReal Property Group
|
Toronto
29 Sep
QuadReal Property Group
Toronto
About QuadReal Property GroupAbout QuadReal Property Group QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $98.5 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities globally for investments in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here. www.Quadreal.ComRole DescriptionReporting directly to the Accounting Manager, the Property Accountant is responsible for adding value to QuadReal by providing meaningful financial information that is professional, accurate and free of material misstatements, while living and embodying the QuadReal values Responsibilities:Produce monthly and /or quarterly financial statements as specified by QuadReal policy/requirementsIncorporate high-level thinking and analysis when preparing financial statements and recognize when to adjust for material items and / or explain material variancesUtilize analytical skills to review work both at high and grass-root level to present meaningful high-level NOI and CAPEX analysisAnalyze and understand all balance sheet accounts and reconcile working papers in a meaningful way; ensure all processes related to balance sheet items are completed and reviewedUnderstand property expenditures and revenues; hard book expense accruals, adjusting only when necessaryCommunicate and accelerate as required on a timely basis any material issues, reporting or collaboration gaps or roadblocksReview and approve leases and lease review checklists thoroughly and in a timely manner; ensure set-ups agree with lease language for all items including, but not limited to; rental charges, security deposits, TI and/or LLW amounts and applications thereof and correct interpretation and application of any other relevant clauses; ensure and maintain proper set-up of straight-line rent, recoveries,
and any other accounting -related processes that are lease drivenEnsure files are saved according to QuadReal standard set up on shared drive and/or Commercial Property Accounting Info Site and that they are professional and transparentSet up and maintain tenant's recovery in Yardi recovery model in accordance with lease language; use Yardi recovery model to calculate and record monthly and annual operating costs and realty tax recovery adjustments, billings, and estimatesMonitor and be aware of large cash flows items; ensure cash distributions/cash calls and HST reconciliations are completed in a timely manner and are free of material errorsCompile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputesComplete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset Review capital and leasing job costs monthly; ensure jobs are set up correctly with proper status and current forecast informationPrepare intelligent property budgets and reforecasts within assigned deadlines adhering to QuadReal processSupport acquisition and disposition activity as required including post-closing adjustments; ensure trial balances or outstanding items are cleaned up in a timely manner after dispositionCommunicate efficiently and effectively, in a skilled manner, with all QuadReal employees and others outside the organizationSupport other departments as needed with reconciliations, tenant inquiries, financial analysis, etc.Provide supplementary reporting or details as required by the clientProvide input/feedback for improving procedures and initiating quality and efficiency enhancementsOther duties as assigned from time to timeExperience and QualificationsQualified or enrolled CPA designation or relevant work experience in full cycle property accountingMinimum 2 years commercial property accounting experiencePrevious retail property accounting experience would be an assetRelationship Skillsability to communicate effectively, both oral and written; ability to develop and sustain cooperative working relationships and contribute to a positive work environment; willingness to learn and contribute to a dynamic environment that includes new ideas and changeOrganizational/Multi-Taskingability to allocate one's time effectively, work under pressure, and meet tight deadlines; ability to handle multiple demands and competing priorities; ability to prioritize workload; ability to work and analyze at a high level; willingness to learn ina dynamic environment that includes new ideas and changeDecision Making Skillsability to identify, analyze, and solve problems; ability to take decisive action and seek direction when neededComputer Skillsintermediate to advance skills in Excel, Word, and other Microsoft Office programs; knowledge of Yardi an assetCompensationThe expected annualized base salary range for this role is $70,000-$84,000 prorated for the duration of the contract. The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual's skill, experience, education and training, the market compensation of the role, and the consideration to internal equity.Diversity and InclusionWe value diverse experiences and perspectives.EligibilityCandidates must be legally authorized to work in Canada as the company does not provide work permit sponsorship for this role.Accommodation and AccessibilityQuadReal will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format.Company CultureFor 10 years, QuadReal has created spaces that enhance the lives of the people and communities we serve. Headquartered in Vancouver, Canada, we are a leading global real estate partner focused on driving meaningful impact while delivering prudent growth. With a global perspective and local expertise collected from offices across Canada, the US, Asia and the UK, our success stems from our incredible team and from our values— integrity, collaboration, performance, innovation and responsibility.
📌 Property Accountant - 12 Month Contract (Toronto)
🏢 QuadReal Property Group
📍 Toronto