JLL supports the Whole You, personally and professionally.
Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and personalized benefits to manage life in and outside of work. Whether you've got deep experience in commercial real estate, skilled trades, and technology, or you're looking to apply your relevant experience to a new industry, we empower you to shape a brighter way forward so you can thrive professionally and personally.
JLL is seeking an enthusiastic Property Accountant to join our team and grow their skills in financial reporting. In this role, you'll prepare monthly, quarterly, and annual financial statements for our properties, following established accounting standards. You'll develop your analytical skills by examining financial variances and writing clear explanations about what you find. As part of our collaborative environment, you'll have the opportunity to contribute to various projects and help improve our accounting processes.
This position is perfect for someone who wants to gain hands-on experience in property accounting while working in a flexible setup. You'll spend 2-3 days each week in our downtown Toronto office, with the option to work remotely on other days.
WHAT YOU'LL BE DOING
Preparation of month-end, quarter-end, and year-end property accounting including financial statements according to accounting standards and conducts comprehensive business-focused variance analysis and commentaries regarding variances.
Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines, procedures, policies, and deadlines.
Responsible for property accounting journal entries including operating expense accruals, revenue accruals, amortization, depreciation, and other entries as required.
Review, code, and ensure processing of accounting related accounts payable such as audit fees, property taxes, and tax remittances (GST/HST/QST/State Tax/etc.).
Prepare annual municipal property tax and other regulatory related financial and operational reporting requirements for review.
Calculate and prepare tenant chargebacks as required such as direct use utilities to tenants.
Contributes to the preparation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable such as: reviewing and validating leasing revenue, CAM & TAX recoveries by tenant, straight-line rent, and fixed assets.
Setup and maintain straight line rent and responsible for straight line rent variance analysis.
Create and maintain tenant CAM & TAX recovery models in accordance with tenant lease terms and prepares tenant year end CAM and Tax billings/invoicing in accordance with tenant lease terms
Key reviewer and contributor to the lease administration workflow including reviewing lease term inputs for accuracy and helping to determine recoveries and straight-line rent setups.
Create and monitor cash flow projections, prepare cash call and distribution instructions.
Support Property Managers and Property Administrators for any financial accounting questions or information as required.
Reconcile and maintain a full understanding of all balance sheet and income statement accounts and prepare a detailed variance analysis of revenue and expenses;
Assist with auditor requirements, including the company's audit firm and all partner/co-owner audit firms, as well as government audits when required;
Participate in special projects and process improvements.
Ensure accounting processes are executed efficiently and effectively across the portfolio, and technology and system generated reports are fully utilized.
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