About the Company
Our client is a leading real estate company. They are looking for a Senior Property Accountant who will be responsible for full-cycle accounting for a portfolio of properties and to add value to the company’s Real Estate Services team and clients.
Why Work Here
Hybrid Work Model and good WLB!
Cooperative Teams: While corporate environments vary by branch, peer-to-peer relationships are highly rated. Coworkers are frequently described as approachable, knowledgeable, and easy to work with.
Promotional Opportunities - The company is always looking at opportunities to promote people from within
About the Opportunity
What you will do on a monthly basis:
Full understanding of all property specific processes and upkeep of pertinent information relating to specific properties. Provide accurate and timely financial information as required internally by management and other departments, and externally to the client.
Produce monthly Financial Statements in accordance with accounting standards and policies
Utilize budgets and other tools to analyze variances
Ensure all GST/HST and other legislated taxes and assessments are reconciled and remitted
Property sales/turnover – final operating statements, funds distribution, HST reconciliation, closing of bank accounts, and any other relevant closing duties
Cash Flows/Cash Management
Monitor cash positions with special attention to monthly mortgage payments, payroll billings, management fees, property taxes, GST/HST remittances, capital and leasing costs, and any other major monthly expenditures
Surplus funds distributions to owners
Monthly bank reconciliations
Accounts Payable/ Receivable / Administration
Monitor and review mid-month and month-end receivables for accuracy, adjustments, and/or corrections




Produce monthly rent roll/receivable report
Annual property tax invoicing for tenants that do not pay monthly
Monitor monthly sales reports and follow up on outstanding sales
Support site in reconciliation and invoicing of tenants as due
New property set up, analysis, and follow up of outstanding issues as required
What you will do on an annual basis:
Operating Costs
Complete year end operating cost adjustments and tenant billings for assigned properties within 90 days of operating year end
Follow up with status of operating cost reconciliations for your portfolios
Operating Budgets
Responsible for completing accounting portion of assigned budget files within assigned deadlines
Follow up on status of budgets throughout the draft, revised, and final stages to ensure completion within the assigned deadlines
Analyze coming years new budget for portfolio for changes to accounting treatment of various items
Ensure new rental notices are sent to tenant for coming years operating budget approximately 45 days prior to commencement of the operating year
Training and Mentoring
Assist in training property accounting staff in all property accounting cycles including procedures, processes, and review of property files
Assist as a resource for property accounting staff to come to for guidance and direction for accounting and property related issues
Assist in the overall management of the group through mentoring of property accounting staff
Support ongoing training, developing, and mentoring of property accounting staff
About You
Property Accountant / Senior Property Accountant with 3+ years of strong property accounting experience, ideally within a large commercial or retail portfolio.
Complex recoveries
CAM
Taxes
Commercial and/or retail properties
Salary Range
$90,000 - $100,000/year

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