Manager, Property Accounting - Toronto, Canada - Brookfield Properties

Brookfield Properties

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Location

Hudson's Bay Centre - 2 Bloor Street East

Business

At Brookfield Properties, our global network and relationships are here for our tenants and partners — wherever they are in the world.

Where going to work never feels routine.

We integrate commercial real estate with world-class shops, restaurants, and entertainment, creating spaces where work and play don't just coexist, but thrive.

If you're ready to be a part of our team, we encourage you to apply.

Job Description:

Experienced energetic mentor to lead the 2 Bloor East accounting team and take on a challenge of a multipurpose complex.

Develop relationships with the Property Management team, Asset Management, Corporate Accounting, and co-owners to provide timely and accurate financial reporting for the property.

The position requires the ability to plan and direct accounting activities within the complex.

RESPONSIBILITIES:

Month and quarterend closing and reporting
Provide leadership and strong mentorship to other members of the property accounting team through timely review and feedback of monthly work.
Review lease accounting assessment memos prepared by the accounting team, to ensure any significant free rent or deferred rent is assessed and appropriately recorded into the general ledger.
Reviewing to ensure proper allocation of revenues and costs between different coowners.
Timely and accurate preparation and communication of monthly and quarterly financial results required by Asset Management, and Corporate Accounting.
Working with Construction and accounting team to ensure accurate reporting of capital costs in complex.
Participating in the monthly property close documentation package ensuring controls are operating effectively throughout the year. Any deficiencies are communicated to the Regional Controller and dealt with in a timely and methodical manner.
Responsible for the monthly and quarterly reporting requirements of the coowners, including cash distributions, financial results, HST filings and forecasts.
Working with the Property Management and accounting team to ensure timely and accurate communication of prebills and year end bills.
Financial Reporting and audits (internal and external reporting)
Act as primary liaison between external auditors and the accounting team.
Timely and accurate submission of the property common area maintenance statements and audit supporting documents.
Track audit progress and communicate issues or delays to the Regional Controller.
Offer guidance and assistance to the accounting team on audit deliverables, as necessary.
Budgets
Work with Property Management and Asset Management in preparing the annual property budget.
Ensure cash flow reporting is completed in a timely manner.
Prepare variance explanations and trend analysis to facilitate Corporate Accounting's review of property budgets.
Other
Fulfill adhoc financial analysis from Asset Management and/or Corporate Accounting.
Assist or take leadership role where necessary on any special projects or transactions in the year.

QUALIFICATIONS

SERVICE / PERSONAL SKILLS:
Must be service oriented with excellent interpersonal and communication skills, both verbal and written. You must be a team player, polished, outgoing, and diplomatic with people. Excellent organizational skills, with the ability to manage multiple projects or tasks simultaneously are essential for this role. You are analytical and very detail oriented with advanced problem-solving capabilities.

EXPERIENCE & TECHINCAL SKILLS:

Minimum of 5 years' experience in Property Accounting or Public Accounting or Financial Analysis is considered an asset
Experience in managerial / supervisory role, including presentation experience
Must be comfortable dealing with external auditors
Knowledge of lease terminology and the different types of leases
Advanced knowledge of Excel, MS Word, and Power Point
Exposure to Yardi is considered an asset

EDUCATION/DESIGNATIONS/LICENSES:

University Degree or College Diploma in an accounting related field of study
A professional accounting designation such as CPA is preferred
Advanced Accounting and/or financial analysis knowledge

We are proud to create a diverse environment and are proud to be an equal opportunity employer.

Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.