Property Accountant - Toronto

Property Accountant
Our client is a growing, Property management company and developer and is looking to add a property accountant to their corporate team. This company offers great benefits, hybrid working, and growth opportunities.

As a Property Accountant you will be responsible for organizing the full accounting cycle for a portfolio of multi residential real estate properties. This responsibility includes analysis and research to provide the organization with high quality accounting information.

Main Responsibilities:

Reporting:

Prepare month-end journal entries and maintain monthly bank reconciliation, general ledger reconciliations to the sub ledger: cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities.
Organize full accounting cycle for real estate properties.
Income statements:

Prepare monthly operating income statements and balance sheets for all Company owned and third-party residential properties with supporting schedules and submit to operation department for review.
Budgets:

Prepare budget template including previous year’s budget and current year forecast to Property Managers and assist Property Managers and Senior Accountants in preparing each property’s yearly budgets.
Year End:

Prepare year-end working paper files, provide auditors with financial statements, comparative analyses, sub ledger schedules, back ups.
Assist in audit of residential properties.
Transactions for new or sale properties:

Ensure all transactions are recorded, including asset purchases / sales of land / building; SOA; monitor post-closing to be completed within the timeframe dictated by the purchase and sale document.
Monitoring Accounts Receivable (A/R), Accounts Payable (A/P):

Oversee A/R and A/P including review cash requirement reports and reconcile tenant statements. Monitor banking deposits and daily balances.
Monitor operational expenses on a monthly basis by performing variance analysis.
Review and initial residential expenditures including allocation to appropriate property and expense account.
Bank reconciliation process:
Daily/weekly/monthly bank reconciliations for Residential banking accounts and tenant refund banking account.
Other:

Liaise with property administrators and property managers.
Maintainthird party property files to include mortgage schedules, insurance liability schedules, capital item warranties and revenue contracts.
Take initiative to propose improvements of the accounting process or management of the flow of information to Senior Accountant.

Qualifications:

College/University degree in Accounting, Finance or related field required.
CPA designation or in progress required.
3 to 5 years of accounting experience in Residential property management.
Experience with Yardi Voyageur is preferred.

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https://www.linkedin.com/jobs/view/3966844451/?

Posted on : 5 months ago, #7753, 1 views

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