Property Accountant

5 days ago

Vaughan, Ontario, Canada Forest Gate Full time

About the Role

We are seeking a detail-oriented Property Accountant to join our team at Forest Gate. The ideal candidate will manage financial transactions, analyze budgets, and ensure compliance with accounting standards in the property management sector.

Key Responsibilities

  1. Manage the full cycle of accounting for residential, commercial, and development properties, including financial statement preparation and analysis.
  2. Reconcile balance sheet accounts and produce monthly financial statements and supplementary reporting as required.
  3. Prepare stub period financial statements and ad-hoc reports as needed.
  4. Prepare account reconciliations, variance analyses, budgets, and year-end working papers.
  5. Analyze variances and reconcile payments applied against major contract values using budgets and other tools.
  6. Produce weekly cash reports and monthly bank reconciliations, including follow-up and correction of outstanding items.
  7. Monitor monthly receivables and maintain tenant ledgers for accuracy, adjustments, and/or corrections.
  8. Supply tenant analysis and statements of account as required.
  9. Prepare back charges to tenants and contact them for any outstanding receivables.
  10. Ensure all tenant administration duties are processed per documentation as required.
  11. Review accounts payable and monitor coding for accuracy.
  12. Ensure all HST and other legislated taxes and assessments are reconciled and remitted.
  13. Assist in the preparation of financial models and cash flows.
  14. Complete year-end operating cost adjustments and tenant billings for assigned properties.
  15. Provide key input on the accounting portion of assigned property budgets and annual business plans within assigned deadlines.
  16. Ensure new rental notices are sent to tenants for the coming year's operating budget before the commencement of the operating year.
  17. Prepare supporting working papers and documentation for the year-end audit process and tax filing process.
  18. Prepare new rental letters to tenants for the coming year's operating budget prior to the commencement of the operating year.
  19. Input/feedback for improving procedures and initiating quality and efficiency enhancements.
  20. Efficient and effective communication, in a professional manner, with internal and external parties.
  21. Perform related clerical duties, such as word processing, maintaining filing and record systems, and photocopying.
  22. Any additional duties and responsibilities as may be assigned from time to time by accounting, asset management, or property management teams.

Requirements

  1. University degree or equivalent in an accounting or financial field.
  2. Proven experience in property accounting or a related field.
  3. Proficiency in accounting software such as Sage, QuickBooks, MS Office Suite, and Yardi.

About Forest Gate

Forest Gate is a dynamic organization seeking a dedicated professional with a passion for property accounting and the required skills to join our team.

Job Type: Full-time

Pay: From $55,000.00 per year

Additional pay:

  • Bonus pay

Benefits:

  • Company events
  • Dental care
  • Extended health care
  • Life insurance
  • On-site parking
  • Paid time off
  • Vision care

Flexible language requirement:

  • French not required

Schedule:

  • Monday to Friday

Education:

  • Bachelor's Degree (preferred)

Experience:

  • Accounting: 2 years (required)

Work Location: In person

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