Multifamily Property Accountant (Toronto)

Multifamily Property Accountant (Toronto)

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Company Overview : Kipling is one of Canada’s largest and most successful independent full-service property management companies. Our core focus is property management – both commercial and residential. With offices in Toronto, Kitchener-Waterloo, Calgary and Edmonton, Kipling currently manages over 28M square feet across 150 properties of various asset classes across Canada. Our reputation is built on trust, integrity, professionalism, and strong leadership, while our hands-on approach allows us to focus on creating well-managed and profitable investments for our clients: Trusted partners managing your real estate investments.

Job Description

Kipling is currently looking for a Property Accountant to handle a multi-family real estate portfolio based in Toronto.

All accounting and reporting requirements that would normally be the duties of a property accountant, including but not limited to:

• Preparation of monthly, quarterly and annual financial reports and working papers;
• Monthly bank reconciliations
• Preparation of Annual budget and reforecasting;
• Preparation of rental and recovery billings;
• Preparation of percentage rent billings with sales analysis;
• Cash analysis and distributions to owners;
• Tenant dispute resolution on recovery billings;
• Manage, analyze and audit tenant accounts to ensure they are billed each month correctly for all rental and additional charges per their lease and investigate and resolve all discrepancies;
• Research and assess all vendor payments to ensure they are properly coded prior to payment;
• Analyze and prepare HST filings , including all supporting schedules as scheduled;
• Present formal revenue and expense variance explanations on a monthly basis in conjunction with property management;
• Analyze and prepare tenant operating and real estate tax escalations for assigned properties’ monthly payment and annual adjustment;
• Analyze and prepare sales analysis and percentage rent billings for monthly payment and annual adjustment;
• Work with Lease Administration, Property Operations , Accounts Receivable, Accounts Payable, Tax, Finance and Legal Departments to obtain necessary information for the completion of financial statements;
• Analyze and prepare depreciation and fixed asset schedules on a monthly basis;
• Monitor, analyze and report on capital expenditure programs;
• Monitor, analyze and report on landlord’s work and tenant improvements;
• Analyze and prepare depreciation and fixed asset schedules on a monthly basis;
• Liaison with Property Manager;
• Other duties as assigned.

Recommended Experience

• 2+ years working in property management / residential real estate ;
• Professional designation or enrolment (CPA, CA, CGA) an asset;
• Strong attention to detail and ability to manage deadlines;
• Strong Yardi knowledge an asset.

Kipling supports equal opportunities and invests in a diverse and multicultural work force that values individuals with unique personalities, goals, backgrounds and views. This reinforces Kipling’s culture, enhances collaboration and makes for an inclusive work environment.

Kipling will work with individuals requiring accommodation throughout the hiring process. If you require accommodation, please advise our HR team by emailing Voir email sur apply.j-vers.com.

We thank all applicants for their interest and wish to advise that only those candidates selected for an interview will be contacted. Appropriate accommodations will be provided upon request throughout the recruitment and employment process as required under the Accessibility for Ontarians with Disabilities Act (AODA).