Manager, Property Accounting - Toronto, Canada - Epic Investment Services

Epic Investment Services

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

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Description

Manager, Property Accounting (Downtown Toronto)

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:

The Manager, Property Accounting is responsible for leading a team of Senior Property Accountants and Property Accountants to deliver high quality client service for financial reporting, budgeting, forecasting, variance analysis, and property acquisition/divestiture support for a specific portfolio of predominately office properties but also some industrial and retail properties.

RESPONSIBILITIES:

Manage and develop direct reports, providing technical advice as well as coaching and performance management to develop a successful team; and empower individuals to make decisions and be accountable for their actions
Support positive team dynamics and culture including a positive, open, team focused work atmosphere
Proactively identify and analyze opportunities for improving quality, effectiveness, and efficiency of internal processes and recommend solutions to achieve optimal results
Ensure all financial reporting procedures and processes are in accordance with agreedupon or mandated schedules, owner requirements and some customized approaches as mandated by specific owners
Partner with internal teams including property management, asset management, and leasing to deliver a high level of client service and ensure accurate financial analysis and reporting internally and externally to Owners
Coordinate with property management to ensure that Owner reports are produced accurately and ontime, 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.
Assist in preparation of monthly, quarterly and annual reporting, IPD Reporting, and other financial information as required to Senior Management, Property Managers and Owners, as needed
Prepare budgets accurately and on time, provide analysis on monthly/quarterly basis
Ensure accurate and timely monthly general ledger close
Review income statement, balance sheet, cash flow analysis, detailed variance analysis, and other financial reports
Work with the full accounting cycle, including daily bank reconciliation, journal entries, general ledger, recovery, accounts payable, accounts receivable, yearend billing process.
Prepare detailed monthly variance analysis, account reconciliations, and CAM and tax recovery shortfall and ratio analysis.
Ensure timely Government reporting and remittances, and distributions in accordance with agreed

- upon schedules

Coordinate the preparation of year end working papers and financial statement to auditors and audit queries
Review draft financial statements including note disclosures and operating cost statements
Review tenant recoveries, shortfalls and recovery rates for actual and budget estimates
Coordinate completion of final cost recovery billings and instalment billings to tenants
Review percentage rent accruals and straightline rent calculations
Review/approve bank reconciliations
Assist with the acquisition and disposition of properties as required
Provide support to property/leasing management and senior management as required

QUALIFICATIONS:

University degree in Accounting/Business with a professional accounting designation (CPA)
Minimum 5 years of progressive accounting experience within the commercial real estate industry, ideally managing and/or supervising commercial real estate Property Accountants
Experience in successfully managing direct reports and developing highperforming teams
Strong understanding of accounting standards (ASPE / IFRS) and internal controls
Experience with financial statement audits
Reporting at a portfolio level, including lease and operations reporting

PowerPoint and Excel