Property Accountant

Mississauga, ON, CA, Canada

Job Description

PURPOSE


The Property Accountant is accountable to the Manager, Accounting or Supervisor, Accounting for the timely and accurate completion of all accounting activities for an assigned portfolio of real estate investments and for ensuring financial reporting is timely, accurate and is completed in compliance with company's accounting policies and procedures.



DUTIES AND RESPONSIBILITIES


1.

General Accounting



Completes the day-to-day transactions (i.e. recording transactions to journals, posting to ledgers, calculating trial balances, posting accruals, completing bad debt provisions etc.) that are a part of a full accounting cycle for a portfolio of real estate investments in order to maintain an accurate and transparent accounting process.


2.

Property Accounting Reporting



Produces a variety of financial reports/statements including but not limited to monthly/quarterly financial statement packages annual budget etc. to ensure the adherence to statutory accounting principles that require the accurate reporting of the financial status of the organization.


3.

Bank Reconciliation



Completes bank reconciliation and addresses any outstanding discrepancies between the bank and company statements in a proactive manner to ensure accuracy of statements.


4.

Support to Accounts Receivable and Collections



Assists the Account Receivable departments and Property Management personnel in reconciling tenants' accounts as well as follow up on any outstanding accounts to ensure timely receipt of payment.


5.

Budgeting for Recoveries



Completes the accounting portion of the budget, as determined, as well as provides assistance, where required, in re-forecasting, variances analysis and reporting and budgeting activities, troubleshoots revenue modeling to support the accurate re-forecast and budgeting processes.


6.

Year-End Adjustments



Ensures year-end adjustments/billing for common area/operating costs and realty taxes are processed on time and accurately; ensures revised rental notices are sent to tenants for the coming year on time to ensure maximum collection and accurate budgeting.


7.

Support to Annual Audit Process



Assists with year-end audit processes through the preparation of the head office/site accounting packages and the creation of the year-end file to ensure timely and accurate completion of all processes.


Any other job related duties and/or projects that may be assigned.



MINIMUM REQUIREMENTS


Skills, Knowledge, Experience and Education



College Diploma or Bachelor's Degree in Accounting or Business Administration or equivalent Minimum of 2 years of relevant accounting experience Intermediate to advanced working knowledge of MS Office applications

Core Competencies



Excellent communication skills (both written and verbal) Strong analytical skills Good quantitative analysis skills Good organizational skills Attention to detail


ADDITIONAL REQUIREMENTS


* Previous experience in real estate industry is an asset

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Job Detail

  • Job Id
    JD2531394
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Mississauga, ON, CA, Canada
  • Education
    Not mentioned