Senior Property Accountant POST NUMBER: 307116
$90k - $100k per yearAbout 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!
- Collaborative 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.
Financial Statements
- 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
- Large tenant populations
- Commercial and/or retail properties
Salary Range
$90,000 - $100,000/year
How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #307116
This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.
Vacancy posted 11 hours ago
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