Controller - Toronto, Canada - Yorkstone Management

Yorkstone Management

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Responsibilities:

Accounting

Work with the accounting staff to ensure all accounting functions and financial reporting activities are completed on an accurate and timely basis
Review the bank account transfer & monitor the cash flow between the properties.
Oversee all accounting processes and ensures reports comply with regulatory and accounting standards and practices
Manage the accounting operations including the review of journal entries, accounts payable, accounts receivable and statutory reporting
Develop and implement accounting policies, procedures and systems to ensure company financial information is fairly stated

Planning and Forecasting

Lead the annual budgeting process for the Real Estate business
Work with the Director of Apartments and the managers of each site, review the annual budget for each division and monitor the budget against actual revenues and expenditures on an ongoing basis
Prepare monthly cash flow statements and weekly loan and cash balance statements, for the Principals
Initiate & coordinate the budget process, monitor the process & reviewed the budget for all the properties
Prepare stabilized budget, proforma statements, and different reports to support the mortgage approval and the Property tax refund from the City of Toronto.
Prepare preopening budget for all the new properties
Assist in the development, implementation & maintenance of planning tools

Finance and reporting

Prepare monthly or annual financial statements and external reporting to financial institutions, ensuring that all reporting requirements are met
Prepare the payroll budget for all the properties
Manage risk as the business executes on its strategies and initiative as well as maintain a strong internal controls environment and financial reporting processes
Prepare the board report & analyze the variance to support the board presentation
Review the HST calculation, bank reconciliation, income statement, executive summary & balance sheet analysis prepared by the accountants

Skills/Qualifications:

University degree in Business/Accounting, with advanced degree or professional accounting designation (such as CPA, CA, CGA, CMA) preferred.
510 years of real estate property accounting / audit experience in real estate / apartment industry / hospitality / retirement home is an asset.
Advanced knowledge of MS Office and Excel
Yardi experience preferred

Pay:
$70,000.00-$80,000.00 per year

Benefits: