Senior Property Accountant

Who Is Our Client?

Our client is a prominent real estate company specializing in the acquisition and management of commercial and residential properties across Canada. They are among the most active buyers on the market in Canada, solidifying their position as a major player in the industry with a series of strategic acquisitions.

What Is Our Client Looking For?

Our client is looking for a Senior Property Accountant to join their growing team. The ideal candidate has a strong background in commercial real estate accounting and will be responsible for managing the financial operations of a diverse portfolio of Commercial Properties.

Tasks & Responsibilities

• Analyze and interpret lease agreements to determine billing obligations, recoverable expenses, and rent escalations.
• Process and enter leases in the accounting software.
• Work closely with property managers and the leasing team to stay up to date on lease amendments, renewals, and tenant changes.
• Complete month-end and year-end close processes by preparing and reviewing journal entries, account reconciliations, and financial statements to ensure timely and accurate reporting.
• Variance analysis and explanations.
• Calculate and prepare 13th invoice provisions as part of the month-end close.
• Maintain the general ledger and ensure all financial transactions are properly recorded
• Coordinate with internal departments to gather and verify financial information.
• Participate and assist with budgeting, forecasting, and financial planning.
• Identify opportunities for process improvement and assist in implementing best practices in accounting operations.
• Mentor and supervise the accounting technicians and approve all their daily tasks, such as cash receipts, bank reconciliations, obtaining and coding of utility invoices, charge backs, among others.
• Assist in any and all other projects as required.

Skills & Qualifications

• Minimum 5 years of property accounting experience, specifically within commercial real estate.
• Bachelor's degree in Accounting, Finance, or related field.
• Strong understanding of lease administration and real estate accounting principles (ex, CAM, straight-line rent, recoveries).
• Proficiency in Yardi, MRI, or similar property management/accounting software.
• Advanced Excel skills and familiarity with financial reporting tools.
• Strong analytical, communication, and organizational skills.
• Ability to manage multiple deadlines and competing priorities in a fast-paced environment.