Commercial Property Accountant

2 months ago

Calgary, Alberta, Canada Recruitment Partners Full time
About the Role

We are seeking a detail-oriented and analytical Commercial Property Accountant to join our team and manage a commercial portfolio. The successful candidate will be responsible for managing and maintaining accurate lease accounting records, ensuring compliance with tenant agreements, and supporting the overall financial reporting process.

Key Responsibilities
  • Lease Accounting and Compliance: Review lease documents, enter and maintain lease information into our systems, and ensure accurate and timely recording of tenant lease transactions.
  • Collaboration and Data Validation: Collaborate with Leasing and Property Management to obtain necessary lease information, resolve discrepancies, and validate data accuracy.
  • Financial Reporting and Analysis: Collaborate with Property Management to prepare year-end CAM reconciliations, as well as an annual property budget, and monitor budget performance, including interim review of estimated CAM reconciliations, and provide variance analysis for revenue accounts.
  • Financial Forecasting and Projections: Assist in the preparation of financial forecasts and projections to support decision-making.
  • Budget Reviews and Meetings: Participate in budget reviews and meetings, providing financial insights and recommendations.
  • Lease Event Management: Monitor critical lease events such as renewals, terminations, and modifications, and adjust tenant records in the system accordingly.
  • Financial Analysis and Insights: Generate financial analyses and insights related to lease activity, cash flows, and variances to forecast.
  • Audit Support: Assist with audits and provide necessary documentation and explanations related to lease accounting.
Requirements
  • Education: Bachelor's Degree in Accounting, Finance, or a related field.
  • Experience: A minimum of 5 years of progressive experience in the commercial real estate industry.
  • Technical Skills: Proficiency in using property management software and financial management tools.
  • Soft Skills: Ability to work independently, manage deadlines, and prioritize tasks in a fast-paced environment.

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