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Property Accountant
2 hours ago
Position Overview:
The Property Accountant - Transitions (PAT) reports directly to the Accounting Manager - Transitions and is responsible for assisting with the financial records of a designated portfolio of properties under Duka Property Management Inc. (Duka). This role ensures the accurate recording of all accounting transactions and the timely preparation of financial statements while maintaining compliance with the Generally Accepted Accounting Principles (GAAP) of Canada, the Condominium Act, 1998, and company policies and procedures.
The PAT must work independently with minimal supervision while maintaining a professional and diplomatic demeanor when interacting with Condominium Managers, vendors, owners and public.
Key Responsibilities (including but not limited to):
-Prepare monthly financial statement packages for assigned new properties, new and existing, for delivery to the required audience within the timelines required.
-Assist in the accounting takeover of new properties assigned to Duka including full property set up in our ERP system (Yardi), opening/ transition of bank accounts and utilities.
-Attend financial statements meetings/reviews of new properties with the Property Manager and Regional Manager for the first 6 months after takeover.
-Ensure accuracy and completeness of all assigned financial statements issued in accordance with IFRS/GAAP and other relevant accounting standards
-Conduct monthly bank reconciliations to ensure accuracy of cash balances
-Coordinate turnover and year-end audits by providing documentation, explanations and supporting schedules and ensuring audit findings and addressed, resolved, and posted in a timely manner
-Assist with sales tax and year end filing including gathering necessary documentation and providing support as necessary, setting up new business numbers as required.
- Review accounting records and transactions, making corrections or adjustments as necessary. Report any financial irregularities or abnormalities to the Accounting Manager – Transitions.
- Ensure all invoice payments from operating and reserve funds comply with the Condominium Act, 1998 and company policies.
- Monitor the financial health of assigned properties and notify Condominium Managers of any concerns.
- Review financial statements periodically to verify reserve fund contributions, bill payments, and investment compliance.
- Process month-end and year-end accounting procedures, including utility setup adjustments.
- Post approved Condominium Corporation budgets in the accounting system.
- Monitor and calculate chargebacks related to shared facilities, commercial components, reciprocal agreements, and utilities.
- Provide full assistance to Condominium Corporations and CRA Auditors during audits.
- Ensure proper documentation and financial records are maintained when taking over or transitioning properties.
- Review and finalize all records and documents before transitioning a corporation to a new management company.
- Support the Accounting Manager - Transitions and Vice President of Finance with financial reports and ad hoc analysis.
- Assist Accounts Payable and Accounts Receivable Specialists in resolving financial discrepancies. Provide training, guidance, and mentorship to junior accounting staff.
- Strong knowledge of GAAP, the Condominium Act, 1998, and financial reporting standards.
- Proficiency in accounting software and financial reporting tools.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently with minimal supervision and handle multiple priorities.
- Strong attention to detail and a high level of accuracy in financial transactions.
- Professional and diplomatic approach when dealing with owners, vendors, and stakeholders.
- Perform other duties as may be assigned.
Application Process:
Applicants are invited to submit a résumé and cover letter outlining how their skills, experience, and qualifications align with the requirements of the position.
Compensation for this position is determined based on skills, experience, and qualifications and falls within the posted range.
This posting represents a current vacancy. Interviews may begin as early as suitable candidates are identified.
Our organization is committed to fostering an inclusive and diverse workplace and encourages applications from all qualified individuals. In accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code, accommodations are available throughout the recruitment and selection process. Applicants requiring accommodation may contact Human Resources at any stage of the process.
Please note that elements of the recruitment process may involve the use of automated or artificial intelligence–based tools to support candidate screening or evaluation. All hiring decisions are subject to review by qualified personnel.
Applicants who are interviewed will be notified of the outcome of the recruitment process within a reasonable timeframe following the final interview, in accordance with the Employment Standards Act, 2000.
Job Type: Full-time
Pay: $68,000.00-$73,000.00 per year
Benefits:
- Dental care
- Extended health care
- Life insurance
- On-site parking
- Paid time off
Education:
- Bachelor's Degree (preferred)
Experience:
- Accounting: 2 years (preferred)
Work Location: In person
