Property Accountant Job Toronto area,Ontario Canada,Accounting

Job Description:

Our client is seeking a Property Accountant to join their finance team. The successful candidate will work with the Director of Finance to manage the full accounting cycle for a portfolio of both residential and commercial properties, including general ledger accounting, preparing budgets, year-end billings and financial statements, and providing accounting support to internal teams.

Responsibilities:

Prepare the annual budget, including lease assumptions, utility/property tax forecasting, and contract schedule updating

Collaborate with operations and property administration teams to ensure budgets are completed accurately and submitted on time

Enter all budgets into YARDI with proper monthly spreads

Perform year end CAM (Common Area Maintenance) and Tax recovery calculations, reconciliations and adjustments

Prepare year-end working paper files, ensuring accuracy and completeness of financial statements and comparative analyses

Coordinate with auditors by providing necessary backup documentation and address audit queries

Prepare monthly reporting for third-party clients (including financial statements, working papers, and supporting schedules)

Prepare quarterly reporting for owned properties (including variance analysis)

Responsible for month-end closing procedures, including management fee charges and monthly Rent Roll setup

Support daily accounting operations with a focus on accuracy and timeliness

Process one-time pull payments for residential and commercial tenants in a timely manner

Monitor and reconcile pre-payments & credits, ensuring accurate application to tenant accounts

Assist with tenant account adjustments and tenant/vendor charge-backs as needed

Liaise with Property Managers and administrators regarding related accounting matters

Maintain a well-organized and accessible accounting filing system

Responsible for all aspects of general ledger accounting, including preparing monthly journal entries

Complete bank reconciliations, take ownership of GL reconciliations, and ensure any discrepancies are resolved promptly

Post monthly mortgage payments and reconcile annual mortgage statements

Responsible for monthly percentage rent charges for commercial tenants

Process quarterly Bell/Rogers/laundry residuals

Reconcile AGI, including preparing statements and adjusting tenant’s accounts

Complete HST reconciliations and filings

Review and update rent increases, LMR interest calculations, and last month’s rent applications

Complete other tasks and responsibilities as assigned to maintain accurate and efficient workflow and reporting

Qualifications:

University degree

CPA designation is preferred but not required

Minimum 3-5 years of progressive property accounting experience in commercial real estate, including a strong understanding of CAM and tax recovery

Residential accounting experience is preferred but not required

Advanced Microsoft Excel skills and proficiency with Microsoft Word and Outlook

Proficiency in Yardi 7S required

Exceptional attention to detail and commitment to accuracy

Strong sense of accountability and ownership over assigned responsibilities

Proven ability to work independently and take initiative in identifying and solving problems

Excellent analytical, communication, and interpersonal skills

Collaborative team player with a positive, can-do attitude

Strong interpersonal skills with the ability to deal effectively and professionally under pressure

If you are already registered with TDS Personnel please contact your Consultant.

TDS Personnel is an equal opportunity employer and is committed to providing employment in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act. Accommodations within reason due to a disability or medical need are available on request for candidates taking part in the recruitment process.


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