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Commercial & Accounting Coordinator (Commercial)
2 months ago
Title: Commercial Accountant
Department: Commercial
Reports To: Vice President of Commercial & Hospitality
About Us:
Madison Group is a widely diversified real estate and land development company with extensive experience in building master-planned communities, low-rise, and high-rise residential projects. Madison Group also operates a substantial portfolio of retail, commercial, and industrial projects.
For over 55 years, Madison Group has built its foundation on integrity and innovation and our commitment to our customers is our foremost priority. Madison Group focuses on creating quality homes and residences in desirable areas firmly rooted in a sense of community. Our reputation is defined by the talent, dedication, and passion of our team.
For further information, please visit our website at madisongroup.ca.
General Description:
This position is a key and integral part of the Madison Group Commercial team. This position reports into the Vice President of Commercial & Hospitality. The Commercial Accountant will maintain accounting practices to ensure accurate and reliable books necessary for business operations.
This is a permanent role, 5 days a week in the office, and requires the candidate to work independently and collaboratively with the Operations and Management team.
Primary Responsibilities:
- Oversee, manage, and respond to inquiries submitted to the invoices inbox
- Preparation of monthly bank reconciliation and reconciliation of control accounts (accounts receivable, accounts payable, last month’s rent, LMR interest) to subsidiary ledger, intercompany balances, schedules of balance sheet accounts
- Track the invoices inbox for invoices and process payments in a timely manner (within 30 days)
- Monthly support for tracking all commercial rental payments due, and following up with tenants each month
- Monthly tracking of all accounts receivable, creating a monthly reporting template shared with the Vice President each month
- Working with the Leasing Manager for the processing payments of leasing commission, tenant improvement allowances
- Working with the Operations team to process tenant chargeback, collecting and receiving the appropriate documentation for tenant chargeback, and invoicing and collecting payment for respective chargebacks on the tenant account
- PO Process – working closely on a monthly basis with the Director of Finance, Property Administrator, Building Operations Supervisor, and General Manager of Property Services for monthly review of all purchase orders initiated, approved/unapproved, and those needing to be manually closed through Yardi
- Processing all accounts payable (payments) and invoices to commercial vendors on a monthly and ad hoc basis
- Review coding of invoices to ensure accurate posting in general ledger
- Maintain various books, records, and files
Required Skills and Qualifications:
- Accounting diploma and/or degree in Accounting/Finance/Business Administration
- Minimum of 2 years of Property Accounting experience
- Working towards an accounting designation (CPA, or Finalist) an asset
- Systems proficiency with property management and accountant software – Yardi is a must
- Proficiency in Microsoft Office is required (Excel, PowerPoint, Word)
- Ability to work individually, good judgement when assessing difficult situations
- Self-motivated individual who is proactive, takes initiative, goal and results oriented, can work independently with minimum direction
- Excellent organizational and time management skills to multi-task/prioritize and work under tight timelines to meet multiple deadlines
- Flexible with a “can-do, no task is too big or too small” attitude
- Attention to detail, accuracy, and follow-up skills
Madison Group celebrates diversity and is proud to be an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applications and make all employment-related decisions without regard to race, colour, religion, sex, national origin, sexual orientation, gender, age, disability, or veteran status.
We thank all applicants for their interest; however, only those selected for an interview will be contacted.
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