Job Description

Full Purpose:
The Residential Property Accountant will be responsible for organizing the full accounting cycle for a portfolio of 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.
• Prepare monthly Accounts Receivable reports, monthly vacancy loss reports, weekly availability reports, report of proposed tenant increases approximately 120 days in advance of tenants\xe2\x80\x99 anniversary dates.
• Process deposits and interest to RTB guidelines.

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\xe2\x80\x99s budget and current year forecast to Property Managers and assist Property Managers in preparing each property\xe2\x80\x99s 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. Assist site administrators in performing prospective tenant applications and AR collections.
• Maintain third 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.

Scope:
Fulfill all responsibilities and activities in close cooperation with other Property Accountants, A/P Clerks, Property Administrators and Property Managers. Qualifications:
Education

• College/University degree in Accounting, Finance or related field required.
• CPA designation or in progress preferred.

Experience

• 3 to 5 years of accounting experience in Residential property management preferred.
• Minimum of 1-year experience working with Yardi Breeze/ Voyageur preferred.

Skills and abilities

• Support our company\xe2\x80\x99s values: Service, Integrity, Quality, Commitment
• Possess strong analytical and problem-solving skills.
• Maintain precise attention to detail.
• Possess strong computer skills; advanced in excel.
• Provide excellent communication and customer service.
• Takes initiative.
• Able to be a 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).

Job Types: Full-time, Permanent Salary: $45,000.00-$52,500.00 per year Benefits:

• Casual dress
• Company events
• Dental care
• Extended health care
• On-site parking

Schedule:

• Monday to Friday

Experience:

• Accounting: 1 year (preferred)

Work Location: One location