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Property Accountant

4 months ago

Golden Horseshoe, Canada RioCan Full time

Who We Are

RioCan is one of Canada's largest Real Estate Investment Trusts (REIT). We own, manage and develop retail-focused, increasingly mixed-use properties in Canada's major markets. We pioneered the REIT concept almost 30 years ago and have transformed Canadian real estate.

We are proud to be recognized as one of Canada's Greenest Employers and a Greater Toronto's Top Employer. At RioCan, you can build a career with real impact and longevity. You get the stability and resources of an established company and the entrepreneurial and collaborative spirit of a start-up. Life at RioCan is dynamic and fast-paced. We know that great ideas can come from anywhere, and we empower our people to suggest and implement them. We value different voices and perspectives and appreciate that the unique backgrounds and identities we each bring to our jobs make the whole business stronger.

POSITION OVERVIEW:

This role is located at our Lawrence Allen Centre location. Reporting to the Manager, Property Accounting, this position provides financial / accounting assistance to the largest and most complex portfolio(s) of properties through the maintenance and analysis of records or ledgers, preparation of financial statements and reconciliation of property accounts.

RESPONSIBILITIES:
  • Prepare and post journal entries for expense accruals, mortgage payments, etc;
  • Code and approve utility expenses and legal invoices for Accounts Payable;
  • GL coding for cheque deposits by Revenue Control;
  • Liaise with Property Manager, Asset Managers, Recovery Accountants, etc. to resolve tenant issues;
  • Coordinate between departments (ie; Tax department – interim and final tax bills, property assessment, etc; Recovery Accounting department – monthly recovery calculations, tenant disputes, etc;
  • Plan and prepare Month-End reporting periods (pre-booking journal entries, accruing revenue for management fees, etc.);
  • Review lease summaries for accuracy (ie; rates, square footage) and proper accrual of tenant revenue not set up in Yardi;
  • Prepare cheque requisitions for property taxes, GST, Promo Fund, etc;
  • Bank reconciliations, GST Remittances, Revenue Forecasting, Cash Flow Statements;
  • Maintenance of Fixed Assets set up and disposal of new assets;
  • Prepare management reports;
  • Prepare Month-End reporting packages;
  • Budget re-forecasting;
  • Prepare Statement of Adjustments for acquisition of properties;
  • Prepare and respond to inquiries for the interim and annual audits;
  • Annual budget preparations;
  • Respond to questions regarding internal review (GROC, A/R, Percentage Rent);
  • Prepare Co-owners statements (management reports and monitor cash flow position;
  • Monthly generation, posting and review of automated expense accruals;
  • Respond to team member inquiries regarding day to day duties;
  • Provide ongoing training / assistance for team members as required;
  • Other duties / projects as assigned.
QUALIFICATIONS:
  • College Diploma or University Degree in Finance or Accounting;
  • 3 – 5 years’ previous experience in Property Accounting;
  • Previous experience in preparing financial statements and working papers;
  • Experience with Yardi is an asset;
  • Proficient in Word, Excel and Outlook;
  • Excellent communication, customer service and problem solving skills;
  • Proven organizational skills and ability to cope with changing client needs.

Why join RioCan?

We believe in rewarding you for what you do and investing in your career and long-term success. Our total rewards and perquisites program is designed to fit and enrich your life physically, emotionally, financially, and socially. We offer eligible employees:

Work / Life Balance that prioritizes YOU. Enjoy a hybrid work model with flexible work hours, an extra-long weekend with our RioCan Cares Day, and half days before every long weekend in the summer.

Professional Growth and Development that includes a continuing education reimbursement, a mentorship and leadership development program, on-demand online learning, and cross-training opportunities.

An Extensive Health and Benefits Program that includes health and dental benefits for you and your family starting on day one, a healthcare spending account, an employee family and assistance program, virtual healthcare, and other resources.

A Comprehensive Retirement Program to help prepare our employees for the future. This includes matching employee contributions in a retirement savings plan, pension plan, and an employee unit purchase plan.

Additional Perks and Benefits that include paid time off, parental leave top-up, various employee discounts, employee referral and recognition programs, and opportunities to participate in community initiatives, committees, and social events throughout the year.

We are committed to creating a diverse and inclusive work environment where all employees are valued, included, and empowered to do their best work and bring great ideas. People are at the core of who we are, and we respect that they have taken all paths to get here. RioCan welcomes applications from all candidates and is committed to providing accommodations for people with disabilities. If you require accommodation at any stage of the application process, please let us know, and we will be happy to work with you to meet your needs.

You can visit us at www.riocan.com to learn more about who we are and what a career at RioCan can look like for you.

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