Property Accountant

ABOUT US

Melbourne Property Management is a Toronto-based firm serving the Ontario market. It is built on over 100 combined years of our team's experience in the property management industry. Melbourne Property Management aims to create a sense of community within each condominium we manage, in the same way that the City of Melbourne focuses on being one of the most livable cities in the world. We provide our clients with a broad range of full services and support, including consulting, on-site and off-site management, financial reporting and administrative support. At Melbourne Property Management, we never forget that we are taking care of your home.

THE ROLE

Melbourne Property Management is looking for a Property Accountant who would provide accounting services to the accounting department. Reporting to the Senior Manager of Accounting, this role would be an excellent opportunity for anyone looking to use transferable skills and enter the accounting field in the Condominium Management industry. The right candidate has both experience and a passion for preparing and maintaining timely, organized and meaningful financial records; is organized, and has experience problem solving and working with a team. If you are looking at exploring a new career path, are hungry, enthusiastic and interested in growth opportunities at a progressive and customer service-focused organization, then this role may be perfect for you..

Start Date: ASAP

As a Property Accountant, you will be responsible for:

· Prepare and send to Condominium Managers/Director of Accounting and Administration, each Condominium Corporations' monthly or quarterly financial statements on or before the due date of each month or each quarter.

· Prepare Condominium Corporations' bank reconciliations for the communities in the assigned portfolio.

· Review the accounting records/transactions and make correction/adjustments if necessary. Report to the Director of Accounting and Administration on any abnormalities noticed.

· Assist Condominium Managers in preparation of the annual budget by providing data, analysis, historical documents and reports as required.

· Post each Condominium Corporation's approved budget in Yardi.

· Process month and year end periods in Yardi, including any changes in utility setups.

· Monitor the financial positions of the properties and report to the Condominium Managers of any abnormalities or variances noticed.

· Review periodically the financial statements of all the properties to ensure the timely monthly reserve fund contribution, payment of all bills, and ensure the investments are in compliance with the Condominium Act

· Ensure the invoice payments from the operating and reserve fund accounts are compliant and in accordance with Melbourne Property Management best practices and comply with Condominium Act.

· Ensure Condominium Managers have access to qualified investment advisers who can make recommendations and suggestions on how to be invest reserve fund monies for the Board of Directors to consider.

· Monitor and/or calculate charge backs, including Shared Facilities, commercial components, reciprocal agreements, utilities etc.

· Give full assistance to the Condominium Corporations/CRA Auditors in their course of auditing.

· Book audits, prepare audit documents and records, post audit adjustment entries.

· For new properties and takeovers of existing communities, ensure all documents are received. Review the accounts/documents and assist the accounting team to upload into the system.

· Post opening balances for new Condominium Corporations.

· When turning over existing Corporations, ensure all records/documents are in good order and are forwarded in a timely manner to the Director of Accounting and Administration, prior to being released to the new management company.

· Assist Condominium Managers/ Director of Accounting and Administration or other senior executives to prepare reports as may be required.

· Assist Accounts Payable/Accounts Receivable team members to resolve any problems that may arise.

· Engage and participate in meetings with the accounting team.

· Attend weekly staff meetings as required.

· Perform other duties as may be required.

YOUR QUALIFICATIONS

· 1-3 years of property accounting is required

· Post-Secondary education in Accounting or a related specialization, or an acceptable combination of education and relevant experience preferred

· Proficient with standard accounting software (Yardi experience strongly preferred)

· Willing to learn innovative and progressive ways of providing accounting services, with a preference and focus on moving away from paper and cheques, to a more digital experience including electronic payments

· Highly proficient with Microsoft Office applications, specifically Excel, Outlook, Word, Teams, SharePoint

· Familiarity with bookkeeping and basic accounting procedures

· Experience processing accounts payables and receivables

· Hands-on experience with spreadsheets and financial reports

· Aptitude for numbers and accuracy and attention to detail

· Highly motivated and deadline driven work ethic

· Ability to perform filing and record keeping tasks

· Access to a vehicle in working condition preferred

· Experience in the condominium or residential management industry preferred

· A hungry, enthusiastic, growth orientated person with a passion for customer service

· Excellent communication and interpersonal skills: This role may be client facing, however it may be limited in capacity during the pandemic, so an emphasis on strong and well-crafted written and telephone communication would be considered a strong asset.

· Open to ideas, willing to ask for help, flexible, thinks outside the box, proactive and able to admit when a mistake is made, and learn from the experience

JOB INCENTIVES AND COMPENSATION PACKAGE

· Competitive salary: Our people are our most important asset, and we are looking for candidates that are interested in career development and growth opportunities

· Benefits such as medical & dental coverage

· Continuing education: Conference and educational reimbursement opportunities

· Educational reimbursement opportunities

· Technology allowance

· Opportunities to participate in the company bonus plan

Work with a team who are less concerned about how Condominium Management has always been done in the past, but rather how could it be done better or differently in the future

If you meet the above qualifications, and are interested in joining a high-performance team, please submit your resume. We thank all applicants; however only those selected for interview will be contacted.

Accommodations for applicants with disabilities, available on request during all aspects of the recruitment process

Job Type: Full-time

Pay: $65,000.00-$72,000.00 per year

Benefits:

• Dental care
• Extended health care
• On-site parking
• Paid time off

Experience:

• Condo Accounting: 1 year (required)

Work Location: Hybrid remote in North York, ON M6A 2X5