Property Accountant

3 weeks ago

Toronto Ontario, Ontario, Canada Hays Full time

KEY RESPONSIBILITES

  • Prepare 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 & ATTRIBUTES

  • 2+ years of Property Accounting experience
  • Bachelor’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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