Sr. Analyst, Real Estate Accounting (Toronto)

Sr. Analyst, Real Estate Accounting (Toronto)

25 Oct
|
HOOPP
|
Toronto

25 Oct

HOOPP

Toronto

Why you’ll love working here:high-performance, people-focused cultureour commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selveslearning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growthmembership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement securitycompetitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).optional post-retirement health and dental benefits subsidized at 50%yoga classes, meditation workshops, nutritional consultations, and wellness seminarsthe opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workersJob SummaryHOOPP’s Real Estate portfolio has a net value of over $17.7billion. The portfolio largely consists of direct investments in real properties, but also includes indirect investments in real estate through limited partnership vehicles. The investments are located across North America and Europe, which gives rise to wide-ranging reporting standards and foreign exchange considerations.
The Senior Analyst, Real Estate serves as a key point of contact and technical expert for both Investment Management and HOOPP’s external asset and property managers. The Senior Analyst is tasked with ensuring that transactions (both internally and externally generated)



are accurately reflected in Yardi (real estate accounting system), and that the financial data transferred from Yardi to Oracle is accurate and delivered on a timely basis. The Senior Analyst is also responsible for reviewing and approving the work of Analysts, as well as providing direction and guidance to the Analysts.
What you will do:Responsible for working on complex accounting issues beyond the expertise of the Analysts. This would include recording acquisitions/dispositions, changes in ownership, and investigating/reconciling/resolving identified accounting issues.
Ensure all manual month-end entries are accurately booked into Yardi, including review and approval of entries prepared by junior staff.
Oversee the monthly collection and input of financial data into the real estate administration system. Review, reconcile and analyze the data provided by external managers to ensure it is complete and accurate. This would include ensuring that the data is compliant with HOOPP policies and procedures, as well as industry accounting and valuation standards.
Ensure that all acquisitions and dispositions of properties are recorded appropriately in Yardi, and that purchase and sale agreements and documentation are complete and up-to-date.
Provide guidance, mentoring, and feedback to the two Analysts, Real Estate. Review and approval of Analysts’ work.
Build relationships with accounting staff of various external property managers.



Ensure they understand and comply with HOOPP data and reporting requirements and timelines. Answer queries on a multitude of issues on a daily basis. Create an environment that will encourage external managers to cooperate fully and communicate effectively on issues. Communicate accounting policies and procedures for external property managers based on HOOPP’s policies and best practices. Coordinate with property management staff to ensure transactions are accurately recorded and provide technical expertise as required.
Respond to queries from Investment Management and provide materials and analysis as requested. Also, maintain close contact with Investment Management to keep abreast of significant transactions or events.
Prepare, record and reconcile entry from the real estate system to the general ledger of the fund on a monthly basis. Coordinate preparation of month-end working paper. .
Assist in external and internal audit process. Establish and communicate deadlines and audit requirements to property managers. Prepare working papers and supporting documentation including financial statement notes and variance analysis. Respond to queries from auditors.
Review management fee calculations provided by property and asset managers on an annual basis to ensure calculations are accurate and in accordance with relevant management agreements.
Reconcile HST accounts for multiple properties to CRA records. Resolve issues related to HST raised by external managers.
Assist with the on-going development and maintenance of reports in the Yardi system to ensure report set up is up-to-date and add value to Investment Management. Also, initiate development of new reports that will improve department efficiencies.

📌 Sr. Analyst, Real Estate Accounting (Toronto)
🏢 HOOPP
📍 Toronto

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