Property Accountant

1 month ago

Toronto ON, Canada Hays Full time

KEY RESPONSIBILITESPrepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow statements, for assigned portfolio.Collaborate with property management teams to develop and maintain property budgets and forecasts, tracking performance against financial goals.Create and distribute quarterly financial reporting packages to clients, maintaining transparency and clarity.Identify and analyze variances between actual and budgeted financial results, providing explanations and recommendations for improvement.Maintain accurate general ledger accounts and perform monthly reconciliations.Prepare monthly journal entries, accounts receivable adjustments, and submit monthly tax reconciliations in a timely manner.Prepare annual Common Area Maintenance (CAM) and Realty Tax adjustments as required.Review leases to ensure accurate billing and compliance with financial terms.Coordinate and provide support during financial audits, responding to audit inquiries and ensuring compliance with industry standards and regulations.Collaborate with property managers to address tenant queries and financial concerns promptly and professionally.Maintain organized year-end working paper files, including the preparation of CAM and Realty Tax adjustments.Prepare year-end audit working paper files with supporting schedules to facilitate the auditing process.QUALIFICATIONS & ATTRIBUTES2+ years of Property Accounting experienceBachelor’s degree in accounting, Finance, or related field.Excellent knowledge and experience related to technology and accounting systems in a real estate environment (Yardi preferred).Advanced Microsoft Excel skills and proficient with Microsoft Word and Outlook.Excellent communication and interpersonal skills to effectively collaborate with diverse stakeholders and cross-functional teams.Strong interpersonal skills with the ability to deal effectively and professionally under pressure or in stressful situations.Excellent time management and organizational skills and the ability to manage conflicting priorities within structured deadlines and deliverables.Detail-oriented with a commitment to producing high-quality documentation and deliverables.

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