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Property Accountant - Ctreit
Company | CT REIT |
Address | Toronto, Ontario, Canada |
Employment type | FULL_TIME |
Salary | |
Category | Retail |
Expires | 2023-06-02 |
Posted at | 1 year ago |
Reporting to the Manager, Property Accounting, you will work closely with Real Estate Financial Planning and Analysis, Property Management (Operations), Construction/Development teams, and Lease Administration to provide timely & accurate management reporting and analytical support for the REIT. You will also be involved in an ERP implementation project, property management internalization, continual process improvements and will support business initiatives as they evolve.
- Preparation and consolidation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable
- Update recovery setup for tenants in accordance with their leases and maintain straight line rent
- Assist or take leadership role where necessary on any special projects or transactions during the year.
- Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines, procedures, and deadlines
- Prepare, review and approve monthly, quarterly and annual journal entries and ensure a strong control environment
- Coordinate with Lease Administration to ensure all lease setups and rent escalations are accurately reflected in the accounting system
- Timely and accurate completion of CAM and tax tenant billing adjustments; working with Property Management (Operations) for preparation of tenant pre-bill notices and chargeback billings.
- Assist in internal and external audit requirements by providing working papers and ensure compliance to enterprise processes and policies.
- Ensure all monthly financial and management reporting required is accurate and delivered on a timely basis including preparation of detailed variance analysis of property NOI
- Ensure all accounting records related to all properties are kept up to date within CT REIT accounting policies
- Minimum 2 years of accounting experience required, candidate with exposure to commercial real estate is preferred.
- Working knowledge of Yardi is considered an asset
- Advanced working knowledge of Microsoft Excel and general ledger accounting systems
- Ability to deliver excellent customer service with internal and external stakeholders
- University degree in Accounting or a business related discipline
- Excellent interpersonal and communication skills (both written and verbal)
- Accounting designation (CPA) or designation in progress/pursuing designation
- Strong analytical, decision making, and problem solving skills
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