Property Accountant

3 months ago

Ottawa, Canada Lepine Apartments Full time

Purpose:

The (Senior) Property Accountant is responsible for the accurate and timely management of financial records and transactions related to multiple properties. This role ensures that all receivables, rent revenue, lease amendments, and other tenant-related financial activities are processed efficiently, in accordance with company policies, and accurately reflected in the ERP system.

Responsibilities:
•Prepare and process receivables for multiple companies and properties within the Lepine portfolio.
•Manage monthly rent revenue and receivables, ensure that rent increases are correctly booked, and resolve any discrepancies promptly.
•Process new leases, lease amendments, terminations, and maintain accurate tenant accounting files.
•Verify that payments have been processed and ensure cash collections are deposited accurately.
•Handle tenant move-out formalities, including calculating move-out charges, processing applicable refunds, and applying Last Month's Rent and interest.
•Prepare Lease Expiry Reports by updating Market Rent in Rent Roll and distribute updated lists of available units to Leasing Agents and Property Administrators.
•Prepare and maintain monthly Property Management reports to keep updated status on each property.
•Track and update weekly and monthly Rent Rolls to ensure the most current property information is always available.
•Process journal entries for all properties and charge rent appropriately to ensure month-end reports are complete and accurate.
•Track and manage Pre-Authorized Payments for tenants across various properties.
•Play a key role in process improvement initiatives, such as reporting automation via PowerBI and various system implementations.

Requirements:
•Bachelor's degree in accounting, finance, or a related field.
•CPA or enrollment in CPA program a plus
•1-4 years of experience in accounting (Property Accountant) or 5-7 years of experience (Senior Property Accountant), preferably within the real estate industry.
•Strong understanding of accounting principles and financial reporting.
•Proficiency in accounting software and Microsoft Office Suite.
•Comprehensive understanding of Excel functions, such as XLOOKUP, PIVOT Tables, etc.
•Proficiency in SQL and Microsoft Power Query a plus

Role Specific Requirements:
•Ensure that tenant accounting files are accurately maintained and that any tenant inquiries related to accounting are addressed promptly.
•Ensure that all lease amendments, terminations, and other tenant-related financial processes comply with relevant legal and regulatory requirements.
•Regularly update and share Lease Expiry Reports and Rent Rolls to ensure that all available units are marketed effectively.
•Maintain accuracy in journal entries and financial reports to reflect an accurate financial position of each property.

Why work for us?

•Competitive Wages: Earn more than just a salary – join a team where your hard work is recognized and rewarded.

•Inclusive Work Environment: Be a part of a diverse and welcoming workplace culture, where every voice is valued.

•Career Growth Opportunities: Forge your path to success with opportunities for professional development, mentorship, and advancement within our organization.

•Flexible Health Care Spending Account: Take control of your well-being with a flexible health care spending account that allows you to tailor your benefits to suit your individual needs and priorities.

•RRSP/DPSP Contribution Plan: Secure your financial future with our retirement savings plans, including RRSP and DPSP contributions.

•Referral Bonus Program: Share in our success by referring top talent to our team and be rewarded through our generous referral bonus program.

•Vacation Packages: Enjoy ample time off to rest, recharge, and explore with our competitive vacation policy, ensuring a healthy work-life balance.

•Paid Sick Leave: Prioritize your health and well-being without sacrificing income. Benefit from three paid sick leave days per year, ensuring you can take the time you need to recover.

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