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Commercial Property Accountant



Job Description

Summary:-          The Commercial Property Accountant is responsible for organizing the full accounting cycle for the portfolio of commercial real estate properties.  This responsibility includes analysis and research to provide the organization with high quality accounting information.

About the Opportunity:


  • Oversee month-end journal entries, monthly bank reconciliation and general ledger reconciliations to the sub ledger
  • Maintain schedules reconciling cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities
  • In addition, organize full accounting cycle for real estate properties
  • Review and prepare monthly, quarterly and yearly financial statements and ensure that all monthly reporting deadlines are met
  • Prepare HST remittance for each property
  • Provide YTD actual budgets, review final version and input into system
  • Prepare year-end working paper files, provide auditors with back up, financial statements and comparative analysis and assist in audit

 Transactions for new or sale properties

  • Ensure all transactions are recorded, including asset purchases, sales of land and building
  • Monitor post-closing to be completed within timeframe dictated by the purchase and sale document

Cash flow management

  • Prepare cash flow projection on a timely basis
  • Monitor and inform Senior Accountant of the cash position (distributions/contributions)

Monitoring A/R, A/P

  • Oversee accounts receivables and accounts payables, including review of cash requirement reports and reconciliation of tenant statements
  • Monitor banking deposits and daily balances
  • Monitor operational expenses on a monthly basis by performing variance analysis
  • Liaise with property administrators and property managers
  • Maintain records of all the Tenant improvements, Building improvements, leasing commissions, and other capital renovations.
  • Communicate with outside parties (landlords, lawyers, accountants) when required.
  • Take initiative to propose improvements of the accounting process or management of the flow of information to Senior Accountants

About You

  • CPA designation
  • 5 – 10 years of accounting experience would be preferred
  • Possess strong analytical skills
  • Maintain attention to detail
  • Possess strong computer skills, advanced in Excel
  • Self-starter with ability to work independently as well as  part of a team
  • Provide good cooperation (easy going, supportive) with all members of the accounting team, with other departments and with clients (including their financial institutions, auditors and staff)
  • Currently reside in the Greater Toronto Area and be permitted to work in Canada

Posting Date: 09-Aug-2017Accounting and Finance Permanent, Full-Time $100,000 - $135,000/yr 1Member ASAP
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