Property Accountant

Job Title: Property Accountant

Reports To: Manager, Property Accounting

Department: Property Accounting

Position Summary

Complete financial reporting for assigned properties on a timely basis. This includes accounts receivable reconciliations, maintenance of financial statements as well as property tax billings.

Responsibilities:

• Ensure all monthly financial and management reporting required for project partners/co-owners, related to certain properties, is delivered accurately and on a timely basis;

• Ensure all accounting records related to all properties are kept up to date within guidelines established by generally accepted accounting principles and by the company and/or its partners/co-owners;

• Reconcile and maintain a full understanding of all balance sheet and income statement accounts and prepare a detailed variance analysis of revenue and expenses;

• Review and post monthly rent roll.Prepare monthly rental charge notice and deliver to tenant 60 days prior to the effective increase date;

• Review and monitor accounts receivable.Reconcile accounts receivable accounts when required.Prepare accurate tenant chargebacks on a timely basis;

• Prepare property tax billings, for tenants not billed monthly, in accordance with the tenant leases and within 24 hours of receipt of the property tax bill;

• Maintain and clear tenant query log and ensure tenant files are current at all times;

• Ensure all GST and other legislated taxes are reconciled and remitted;

• Prepare monthly cash distributions;

• Prepare all CAM/tax recoveries adjustment billings in accordance with the tenant leases and that all adjustment billings are delivered to tenants within 90 days of year-end;

• Responsible for completing accounting portion of assigned budgets within assigned deadlines;

• Assist with auditor requirements, including the company’s audit firm and all partner/co-owner audit firms, as well as government audits when required;

• Ensure timely, accurate and complete leasing and disposition fees;

• Assist in the accounting of property acquisitions and dispositions and participate in the due diligence and statement of adjustment phases, as required;

• Continually monitor and review accounting processes and procedures and recommend changes as appropriate to improve internal controls and/or efficiencies;

Academic/Professional Requirements:

• University or college degree;

• Enrolled in 3rd or 4th level of a Professional Accounting designation (CGA, CMA);

Required Skills/Experience:

• Minimum 3 to 5 years accounting experience or 3 years property accounting experience would be preferred;

• Good oral and written communication skills;

• Intermediate to advanced excel skills;

• Working knowledge of Real Estate /Property Management Software (Yardi preferred)

Values

The Property Accountant shall conduct him/herself in a respectful and ethical manner in representing the Trust’s interests. The Property Accountant shall demonstrate entrepreneurialism and behave like an “owner” in carrying out daily tasks and responsibilities; demonstrating creativity and resourcefulness in achieving desired results. The Property Accountant must take accountability for decisions made and the Property Accountant is expected to be a team player and work effectively with colleagues and associates in terms of input, sharing of ideas and working to achieve common goal.

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