Property Real Estate Accountant

1 week ago

Vaughan, Ontario, Canada SmartCentres IP Inc. Full time

Reports To:
Manager,

Property Accounting Department:
Property Accounting
Complete financial reporting for assigned properties on a timely basis. This includes accounts receivable reconciliations, maintenance of financial statements as well as property tax billings.
Ensure all monthly financial and management reporting required for project partners/co-owners, related to certain properties, is delivered accurately and on a timely basis;

  • Ensure all accounting records related to all properties are kept up to date within guidelines established by generally accepted accounting principles and by the company and/or its partners/co-owners;
  • Reconcile and maintain a full understanding of all balance sheet and income statement accounts and prepare a detailed variance analysis of revenue and expenses;
  • Review and monitor accounts receivable.
Reconcile accounts receivable accounts when required.
Prepare property tax billings, for tenants not billed monthly, in accordance with the tenant leases and within 24 hours of receipt of the property tax bill;

  • Ensure all GST and other legislated taxes are reconciled and remitted;
  • Prepare all CAM/tax recoveries adjustment billings in accordance with the tenant leases and that all adjustment billings are delivered to tenants within 90 days of year-end;
  • Responsible for completing accounting portion of assigned budgets within assigned deadlines;
  • Assist with auditor requirements, including the company's audit firm and all partner/co-owner audit firms, as well as government audits when required;
  • Ensure timely, accurate and complete leasing and disposition fees;
  • Assist in the accounting of property acquisitions and dispositions and participate in the due diligence and statement of adjustment phases, as required;
  • Continually monitor and review accounting processes and procedures and recommend changes as appropriate to improve internal controls and/or efficiencies;

Academic/Professional Requirements:

  • Enrolled in 3rd or 4th level of a Professional Accounting designation (CGA, CMA);
Minimum 3 to 5 years accounting experience or 3 years property accounting experience would be preferred;

  • Working knowledge of Real Estate /Property Management Software (Yardi preferred)
The Property Accountant shall conduct him/herself in a respectful and ethical manner in representing the Trust's interests.

The Property Accountant shall demonstrate entrepreneurialism and behave like an "owner" in carrying out daily tasks and responsibilities; The Property Accountant must take accountability for decisions made and the Property Accountant is expected to be a team player and work effectively with colleagues and associates in terms of input, sharing of ideas and working to achieve common goal.

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