Intern, Utility Accounting

4 weeks ago


Toronto, Canada CAPREIT Full time

Reports To: Accounting Manager

Position Type : Internship, *4 month term*

Position Summary : Management and validation of utility data and monthly financial reporting as it pertains to the assigned utility.

Responsibilities:

Processing of Utility Bills

Review utility batches and release into the system ensuring accuracy of payee, amount, cheque date, consumption, charges.

Validate property address, invoice amounts and rate charges. Liaison with the utility companies on late payment charges and other billing issues. New/sold property billing issues. Coordinate with Property Accounting team on tenant charge backs, where applicable.


Management of Utility Data

Generate monthly utility files and send to Utility consultant for assessment of required monthly accruals.

Work with Property Accounting team on billing issues. Assist in developing internal reporting /quarterly reports. Correspond and resolve any issues with the data provided by the Consultant on a monthly basis. Reconcile annual Utility contracts. Validate & recommend volumes for renewing utility contracts, where applicable.
 

Financial Reporting

Coordinate the receiving of the monthly accrual file, assess, and complete a first level review of the data against budgeted values.

Generate the accrual JE and release into the system. Ensure any monthly accrual issues are resolved in the following month. Report variances with explanations on a consolidated basis, actual versus budget. Preparation and reporting of quarterly report of utility consumption, rate, and cost vs LY’s quarter by province.

Qualifications:

In progress or completed College diploma or University degree in Accounting or Business. Strong analytical and problem-solving skills. Ability to work under tight deadlines, multi-task and prioritize. Ability to communicate effectively, both oral and written. Must have strong working knowledge of MS Excel. SAP experience would be an asset.

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