Property Accountant

3 months ago

Toronto, Canada JLL Full time

JLL empowers you to shape a brighter way .

Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.

The Property Accountant will prepare month-end, quarter-end, and year-end property accounting financial statements according to accounting standards and conduct comprehensive business-focused variance analysis and commentaries regarding variances. In addition, the incumbent will participate in special projects and operational improvements while ensuring accounting processes are executed efficiently and effectively across the portfolio.

This is a hybrid role with an expectation to work in the office 2-3 days/week. the office is located in downtown Toronto.

WHAT YOU’LL BE DOING :

Preparation of month-end, quarter-end, and year-end property accounting including financial statements according to accounting standards and conducts comprehensive business-focused variance analysis and commentaries regarding variances. Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines, procedures, policies, and deadlines. Responsible for property accounting journal entries including operating expense accruals, revenue accruals, amortization, depreciation, and other entries as required. Review, code, and ensure processing of accounting related accounts payable such as audit fees, property taxes, and tax remittances (GST/HST/QST/State Tax/etc.). Perform bank reconciliations and prepare packages for review. Calculate and prepare tenant chargebacks as required such as direct use utilities to tenants. Setup and maintain straight line rent and responsible for straight line rent variance analysis. Contributes to the preparation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable such as: reviewing and validating leasing revenue, CAM & TAX recoveries by tenant, straight-line rent, and fixed assets. Create and maintain tenant CAM & TAX recovery models in accordance with tenant lease terms and prepares tenant year end CAM and Tax billings/invoicing in accordance with tenant lease terms Key reviewer and contributor to the lease administration workflow including reviewing lease term inputs for accuracy and helping to determine recoveries and straight-line rent setups. Create and monitor cash flow projections, prepare cash call and distribution instructions. Support Property Managers and Property Administrators for any financial accounting questions or information as required. Reconcile and maintain a full understanding of all balance sheet and income statement accounts and prepare a detailed variance analysis of revenue and expenses. Assist with auditor requirements. Participate in special projects and process improvements. Ensure accounting processes are executed efficiently and effectively across the portfolio, and technology and system generated reports are fully utilized.

WHAT YOU BRING :

2+ years of commercial property accounting experience is preferred. Consideration will be given to those who have worked within a commercial real estate environment. A University Degree or College Diploma in an accounting related field of study or active enrollment in a recognized accounting program (CPA). Proficiency in Microsoft Excel and enterprise level real estate systems is required, experience with Yardi is preferred. Working knowledge of month-end and accounting cycle for the preparation of full set of financial statements for properties. Preparation/review of financial statements, cash management, budgets, audit working papers and Tenant operating cost adjustments. Excellent communication including strong written and verbal communication skills. Highly organized with an exceptional attention to detail. Effective time management skills, works well under pressure to meet tight deadlines; ability to handle multiple demands and competing priorities; ability to prioritize workload; ability to work and analyze at a high level; willingness to learn in a dynamic environment that includes new ideas and change. The ability to perform with exceptional integrity, always striving to do the right thing and help to create an environment built on trust, honesty and respect. Keen interest and dedication to life-long learning and self-improvement. Dedication to service excellence for customers, clients, and team members with an eagerness to share ideas and look for opportunities to improve.

WHAT’S IN IT FOR YOU:

Join an industry leader and shape the future of commercial real estate  Deep investment in cutting-edge technology to power your work  Comprehensive and competitive benefits plan  A supportive, caring and diverse work environment designed for your growth and well-being 

Location:

On-site –Toronto, ON

If this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table

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For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here.

Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may contact us at Accommodation Requests. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.

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