Job description

Property Accountant

Toronto Office
Epic Investment Services

Epic Investment Services (Epic), which includes its wholly owned subsidiary MDC Realty Advisors in the United States, is a fully integrated North American real estate platform. Headquartered in Toronto, Canada and operating from offices in Canada and the United States, Epic has over $17.5 billion in assets under management. Epic’s portfolio comprises over 30 million square feet of office, retail, industrial and multi-family residential properties. Epic’s integrated team is made up of over 150 real estate professionals in real estate management, asset management and investment management.

ABOUT THE ROLE:

You are keen to use your fundamental accounting skills to learn and grow with a team of experienced accounting and real estate professionals. Reporting to the Manager, Property Accounting, specific responsibilities include:

RESPONSIBILITIES:

  • Work with the full accounting cycle, including daily bank reconciliation, journal entries, general ledger, recovery, accounts payable, accounts receivable, year-end billing process
  • Prepare detailed monthly variance analysis, account reconciliations, and CAM and tax recovery shortfall and ratio analysis while investigating the cause of variances and propose trouble-shooting solutions
  • Monitor and reconcile capital projects and leasing costs and prepare cash distribution on a monthly/quarterly basis
  • Prepare year-end audit package and entity financial statements and liaise with external auditors
  • Review and analyze financial information and process the information efficiently and take appropriate actions with minimal supervision to address and resolve the matters
  • Work with property management and leasing team to prepare annual budgets and quarterly forecasts based on leasing assumptions, capital, and operating expenditures projections
  • Assist in preparation of monthly, quarterly, and annual reporting, and other financial information as required to Senior Management, Property Managers and Owners, as needed
  • Ensure all financial reporting procedures and processes are in accordance with agreed-upon or mandated schedules, owner requirements and some customized approaches as mandated by specific owners
  • Coordinate with property management to ensure that Owner reports are produced accurately and on-time, with correct commentary; review the financial component of the executive summary and variance comments on the reports and assist as necessary in the drafting of the report
  • Ensure that all regulatory and government returns and reporting (monthly/quarterly GST/HST, annual returns) are filed on time
  • Work effectively and collaboratively with property management and other staff to provide value-add customer service to internal and external clients

QUALIFICATIONS:

  • Minimum 3 years of property accounting experience within the commercial real estate industry, ideally experience working on behalf of a 3rd party manager with a variety of owners and/or joint ventures
  • Accounting designation (CPA) and/or bachelor’s degree in Accounting/Mathematics is preferred
  • Strong understanding of accounting standards (ASPE / IFRS) and internal controls
  • Must have a positive “can do” attitude with a proven track record for meeting/exceeding deadlines and producing accurate work
  • Well-developed ability to build solid, respectful, and collaborative relationships and establish rapport and credibility within the organization as well as with external partners and service-providers
  • Ability to work independently but also as part of a team
  • Ability to manage multiple priorities in a fast-paced environment, and meet deadlines under pressure
  • Strong organizational and planning skills, ability to prioritize work and concurrently manage multiple tasks, projects, and deadlines with attention to detail, timelines and budgets
  • Excellent working knowledge of Excel and computerized accounting systems
  • Experience in and knowledge of Yardi an asset
  • Must be able to communicate effectively, both written and orally, in the English language and work well with property management/site staff
  • Must be willing to learn new concepts in the monthly accounting cycle
  • Must be self motivated, possess strong organizational and analytical skills and have the desire to learn

Job Types: Full-time, Permanent

Schedule:

  • 8 hour shift
  • Monday to Friday

Work Location: Hybrid remote in Toronto, ON



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Job Property Accountant in Toronto

Epic Investment Services

Toronto