Senior Property Accountant
Job Description: Senior Property Accountant
Reports to: Accounting Manager
Greenrock is a third-generation family real estate business with over 50 years of experience providing expert asset and property management services, property repositioning, sustainability, development, investment management, and Family Office services. Greenrock owns and manages some of the most iconic multi-unit residential and commercial properties in midtown and downtown Toronto.
A core guiding value for Greenrock is giving back to the communities we operate in. We are proud to have established Greenrock IMPACT with the intention to promote diversity and to seek greater equity for our staff, community members, and every Canadian.
To learn more about our history, vision, mission, values and the core beliefs that guide our business practices please visit: https://www.greenrockrs.ca/about.
Greenrock’s Family Office provides a fully integrated and customized financial and asset management solutions leveraging best practices in a variety of areas, including investment management, risk management, integrated estate, tax and related planning, family governance and education, and strategic philanthropy.
SUMMARY
Green Group of Companies Inc. is currently recruiting for a Senior Property Accountant. The ideal candidate will be responsible for a portfolio of residential and commercial properties. Reporting to the Accounting Manager, the Senior Property Accountant will have solid experience with full cycle accounting, be detailed oriented and have strong analytical and communication skills. Deadline oriented and the ability to manage multiple priorities is a must.
A team player with a positive attitude, the desired candidate will work side by side with a team of finance professionals and operations personnel in the development of their operating budgets, cashflow forecasts, audits, preparation of property financials and all aspects of property accounting.
RESPONSIBILITIES:
MONTHLY PROCESS
- Responsible for full cycle of accounting duties, including bank reconciliations, posting journal entries, capturing accruals and prepayment, expense recoveries, accounts payables/receivables, billing, and intercompany transactions.
- Analyze rental revenues, recoverable and non-recoverable operating expenses, capital expenditures, leasing costs, etc.
- Ensure all financial reporting procedures and processes are in accordance with agreed upon compliance with the financial reporting timelines, schedules, and requirements.
- Prepare cash flow forecasts to ensure adequacy of cash to cover obligations and efficiency of cash disbursements and investment.
YEAR END AUDIT
- Prepare year-end audit packages and entity financial statements and liaise with external auditors.
- Prepare comprehensive electronic audit working papers (Caseware) for each property and provide a detailed analysis for the Controller and external auditors.
- Review and analyze financial information and process the information efficiently and accurately and take appropriate actions with minimal supervision to address and resolve matters.
- Ensure accuracy of recoverable operating costs and tenant-by-tenant recovery schedules, and timely preparation of year-end final CAM invoices for Property Manager and Controller approval.
BUDGETING
- Prepare and analyze the annual budget and coordinate with all stakeholders.
- Ensure accuracy of recovery rates for operating budgets.
- Consolidate and present the budget results to all stakeholders and explain variances.
- Post the approved budgets into the accounting system.
- Maintain and secure all financial and accounting records and files.
QUALIFICATIONS
- Relevant post-secondary education such as Degree in Business Administration or Accounting.
- CPA designation or close to completion.
- A minimum of 5+ years of progressive experience in a Property Accountant role.
- Detail oriented, ability to resolve problems, self driven, and a strong work ethic.
- Well organized and able to multi-task and work with a multi-faceted team and various levels of management.
- Fluent in English.
- Advance knowledge in Microsoft Excel, Word, and PowerPoint.
- Knowledge of Yardi Voyager software program.
- Knowledge of Caseware audit preparation program considered an asset.
WHAT WE OFFER
- Competitive base salary and performance-based bonus
- Industry leading health benefits including health spending account
- Employee Assistance and Family Program (EAFP)
- Generous PTO (vacation days, personal days & religious holidays)
- Flexible, hybrid-work environment
- Professional development opportunities
- Education Reimbursement Program
- Annual Fitness Allowance Benefit
- Quarterly employee social events
- December holiday office closure
- Diversity and inclusion training and workshops
- Community engagement and volunteer opportunities
OUR VALUES
Professionalism: Conducting business with high standards and best practices.
Integrity: Acting respectfully and ethically; doing the right thing – with dignity.
Accountability: Taking responsibility and delivering on commitments.
Supportive: Creating a co-working environment that supports and encourages team members to willingly mentor each other and seek opportunities to assist – all for the betterment of the team, organization, and community.
Passionate: We provide leadership in real estate, asset and property management, family office services, giving and caring about people.
Diversity, inclusion, belonging, and equity are the bedrock of our culture. Attracting and retaining a workforce that reflects the diversity of our clients, tenants and communities is essential to our success. Greenrock is committed to providing an environment that is inclusive and that is free of barriers based on age, race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex (including pregnancy) gender identity, gender expression, sexual orientation, record of offences, marital status, family status and disability.
Greenrock commits to provide accommodation for needs related to the grounds of the Ontario Human Rights Code, unless to do so would cause undue hardship, as defined by the Ontario Human Rights Commission’s Policy on disability and the duty to accommodate.
Accommodation will be provided in accordance with the principles of dignity, individualization, and inclusion. Greenrock will work cooperatively, and in a spirit of respect, with all partners in the accommodation process. If you require accommodation to participate fully in the recruitment process, please email your request to our hiring team.
If you would like to be considered for this opportunity, please submit your resume to hr@greenrockreal.ca with Senior Property Accountant Application in the subject line.
We would like to thank all applicants for their time and interest, however, only those selected for interviews will be contacted.