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property accountant
Posted on October 04, 2024 by Employer details Terracap Management Inc
Job details
*POSITION:* Property Accountant - Commercial Real Estate Focus *DEPARTMENT:* Finance *REPORTS TO:* Property Accounting Manager *SALARY: *Commensurate with qualifications *APPLICATION DEADLINE:* October 18, 2024 *LOCATION:* 100 Sheppard Ave, E., North York *COMPANY BACKGROUND* The Terracap Group of Companies is a private equity real estate group based in Toronto. Our diverse portfolio encompasses over 4 million square feet of real estate across North America. The portfolio includes multi-residential, mixed use, hospitality, retail, and office as well as future development lands. Terracap delivers notable value enhancement through strategic acquisitions / investments, professional property & asset management, development, construction management, leasing and related services. Terracap?s investors represent some of the top-tier business leaders and high net worth families in both Canada and the United States. *POSITION OVERVIEW* We are seeking an experienced *Property Accountant* with expertise in *commercial and retail property management*, particularly focused on *shopping malls* and *mixed-use properties*. This role requires *strong analytical skills in financial reporting* and *cash flow management*, with the flexibility to support a portfolio that includes both operating properties and those in redevelopment. They will also take on *development accounting* as needed, manage funding for projects, and assist with a variety of other accounting-related projects, such as *tax filings* and *corporate returns*. The ideal candidate will have *3+ years of property accounting experience*, a deep understanding of *Yardi Voyager*, and strong skills in *full-cycle accounting*. You will join an established, high-performing team and contribute to the success of exciting strategic real estate projects. *KEY RESPONSIBILITIES* * *Full-Cycle Accounting*: Oversee full-cycle accounting transactions related to the preparation of financial statement packages. * *Financial Reporting*: Conduct detailed variance analysis, manage cash flow projections, and prepare quarterly financial reports with full general ledger reconciliation. * *Cash Flow Management*: Oversee cash flow projections for both operating properties and redevelopment projects, addressing funding requirements and ensuring timely updates to stakeholders. * *CAM & Tax Recovery*: Prepare and process Common Area Maintenance (CAM) and tax recovery invoices and accruals on a quarterly basis. * *Journal Entries & Reconciliations*: Complete monthly journal entries, GST returns, and bank reconciliations. * *Compliance & Tax Filings*: Handle tasks such as nil T2 tax returns, Toronto and BC vacancy tax filings, annual corporate returns, and other regulatory filings. * *Budgeting & Forecasting*: Manage the budgeting and reforecasting of revenue and expenses, including non-recoverable costs and cash flow projections. * *Tenant Management*: Set up new tenants, update charges, correct lease terms as required and assist with lease-related financial tasks. * *Compliance & Standards*: Ensure compliance with GAAP and IFRS in all accounting practices and reports. * *Property Accounting for Investors*: Complete property accounting tasks for investors and sub-investors, ensuring timely and accurate reporting. * *Accounts Payable & Receivable*: Coordinate and assist with pre-authorized payments, chargebacks, invoices, and accounts payable, including cheque preparation. * *Year-End Procedures*: Assist the Property Accounting Manager with year-end closing procedures, including preparing year-end adjustments and supporting the audit process. * *Development & Redevelopment Accounting*: Support properties in redevelopment phases, including tracking costs, managing funding allocations, and ensuring proper project accounting. * *Collaboration*: Work closely with other departments and contribute to special projects as needed, demonstrating a willingness to assist with *ad-hoc accounting tasks*. *QUALIFICA- LocationNorth York, ON
- Workplace information On site
- Salary$80,000 to $100,000YEAR annually
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source indeed.com #9474647093
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