Manager, Property Accounting

3 weeks ago

Old Toronto, Canada Allied Full time

Allied is looking for a Manager, Property Accounting to join our Property Accounting team in Toronto.

At Allied, everything starts with purpose. In the role of Manager, Accounting, you will lead a property accounting team through all the accounting activities of a portfolio of real estate assets. This, in turn, enables Allied to make financial decisions that contribute to our portfolio with accuracy and efficiency.

Who are you?

We are building upon our achievements at Allied, and the future is exciting. How can we be so sure? We have people like you: engaged professionals who consistently deliver their best.

Throughout your career, you have stood out for your pursuit of excellence. You are self-motivated, take ownership and lead by example. In doing so, you elevate your team and collaborate towards your collective goals.

Above all, you are excited by Allied’s mission and the contribution we make to enhance cities and communities.

What will you do?
  • Mentor and lead members of the property accounting team through coaching, training, timely review, and constructive feedback of all deliverables.
  • Review Monthly Property Financial Statements for assigned portfolio, including: Review and approve journal entries; Review recovery reconciliations and shortfall analysis; Detailed revenue analysis; NOI / SANOI / FFO / AFFO analysis; Detailed balance sheet analysis; and Bank and Sales Tax Reconciliations.
  • Review and prepare property related financial data and schedules for quarterly financial statements and MD&A.
  • Review final annual operating costs and tax recovery reconciliations.
  • Assist with coordinating monthly reporting deadlines and ensure that deadlines are met.
  • Liaise with auditors and provide information for audit related queries.
Budgeting and Forecasting:
  • Provide support and leadership in the completion of the annual budget.
  • Review annual budgets for assigned portfolio.
  • Assist with preparation, review and analysis of consolidated budget schedules, including variance analysis and trend analysis.
Departmental Responsibilities:
  • Assist in providing training and education to encourage on-going development and improve accounting skills and knowledge.
  • Active involvement in improving processes and updating SOP’s.
  • Assist in establishing annual department goals and objectives.
  • Ensure all internal control are adhered to and report any deficiencies.
  • Ad-hoc financial analysis, as needed.
  • Participate in special projects as they arise.
What are we looking for?
  • At least 7 years of Property Accounting experience in a commercial/retail real estate company.
  • At least 3 years of managerial/supervisory experience.
  • Experience in budgeting, full cycle accounting, and reading leases with knowledge of lease terminology.
  • University Degree in accounting or finance.
  • Professional Accounting Designation (CPA).
  • Knowledge of accounting software such as Yardi, MRI or JD Edwards.
  • Team player with excellent interpersonal and communication skills.
  • Self-motivated individual, with strong problem-solving and prioritizing skills.
  • Detail-oriented with strong analytical skills, and an ability to work in a fast-paced environment.
  • Strong computer skills, with advanced skills in MS Excel and knowledge of MS Word.
Would be an asset:
  • Bilingualism (French and English)

Who are we?

Allied Properties REIT (TSE:AP.UN) is a leading owner and operator of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centres that form Canada’s hub for global connectivity. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.

We are also a great place to work. Allied is listed as a 2023 Best Employer in Canada as part of Kincentric’s Best Employers global certification, which distinguishes organizations that demonstrate strong results in employee engagement, organizational agility, engaging leadership and talent focus.

We are committed to hiring the most qualified candidates with a dedication towards supporting diversity, equity and inclusion across our organization. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, origin, sexual orientation, disability and socioeconomic background.

Note: If you require any form of accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

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