Property Accountant

PURPOSE

The Property Accountant is accountable to the Manager, Accounting or Supervisor, Accounting for the timely and accurate completion of all accounting activities for an assigned portfolio of real estate investments and for ensuring financial reporting is timely, accurate and is completed in compliance with company's accounting policies and procedures.

DUTIES AND RESPONSIBILITIES

1. General Accounting

Completes the day-to-day transactions (i.e. recording transactions to journals, posting to ledgers, calculating trial balances, posting accruals, completing bad debt provisions etc.) that are a part of a full accounting cycle for a portfolio of real estate investments in order to maintain an accurate and transparent accounting process.

2. Property Accounting Reporting

Produces a variety of financial reports/statements including but not limited to monthly/quarterly financial statement packages annual budget etc. to ensure the adherence to statutory accounting principles that require the accurate reporting of the financial status of the organization.

3. Bank Reconciliation

Completes bank reconciliation and addresses any outstanding discrepancies between the bank and company statements in a proactive manner to ensure accuracy of statements.

4. Support to Accounts Receivable and Collections

Assists the Account Receivable departments and Property Management personnel in reconciling tenants' accounts as well as follow up on any outstanding accounts to ensure timely receipt of payment.

5. Budgeting for Recoveries

Completes the accounting portion of the budget, as determined, as well as provides assistance, where required, in re-forecasting, variances analysis and reporting and budgeting activities, troubleshoots revenue modeling to support the accurate re-forecast and budgeting processes.

6. Year-End Adjustments

Ensures year-end adjustments/billing for common area/operating costs and realty taxes are processed on time and accurately; ensures revised rental notices are sent to tenants for the coming year on time to ensure maximum collection and accurate budgeting.

7. Support to Annual Audit Process

Assists with year-end audit processes through the preparation of the head office/site accounting packages and the creation of the year-end file to ensure timely and accurate completion of all processes.

Any other job related duties and/or projects that may be assigned.

ADDITIONAL REQUIREMENTS

• Previous experience in real estate industry is an asset
• Attention to detail
• Good organizational skills
• Good quantitative analysis skills
• Strong analytical skills
• Excellent communication skills (both written and verbal)
• Intermediate to advanced working knowledge of MS Office applications
• Minimum of 2 years of relevant accounting experience
• College Diploma or Bachelor's Degree in Accounting or Business Administration or equivalent

Morguard is a fully integrated real estate company. We own, manage and invest in high-quality, well-located, geographically diversified assets across North America. We have built our business with strong leadership and a proven management platform that have generated substantial, risk-adjusted returns – and significant long-term growth. With more than 40 years of experience and a dynamic team of 1,500 professionals, our commitment is to realize the potential of real estate through value creation and operational excellence.

We are committed to providing accessible employment practices that are in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). If you require accommodation during any stage of the recruitment process, please notify Human Resources at or