Manager, Property Accounting - Toronto, Canada - Epic Investment Services
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
- 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
- Experience with Yardi is required
Job Types:
Full-time, Fixed term contract
Contract length: 2 months
Schedule:
- 8 hour shift
Work Location:
Hybrid remote in Toronto, ON M5H 3L5
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