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    Intern, Utility Accounting - Toronto, Canada - CAPREIT

    CAPREIT
    CAPREIT Toronto, Canada

    1 day ago

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    Description

    Reports To: Accounting Manager

    Position Type : Internship, *4 month term*

    Position Summary : Management and validation of utility data and monthly financial reporting as it pertains to the assigned utility.

    Responsibilities:

    Processing of Utility Bills

    Review utility batches and release into the system ensuring accuracy of payee, amount, cheque date, consumption, charges.

  • Validate property address, invoice amounts and rate charges.
  • Liaison with the utility companies on late payment charges and other billing issues.
  • New/sold property billing issues.
  • Coordinate with Property Accounting team on tenant charge backs, where applicable.

    • Management of Utility Data

    Generate monthly utility files and send to Utility consultant for assessment of required monthly accruals.

  • Work with Property Accounting team on billing issues.
  • Assist in developing internal reporting /quarterly reports.
  • Correspond and resolve any issues with the data provided by the Consultant on a monthly basis.
  • Reconcile annual Utility contracts.
  • Validate & recommend volumes for renewing utility contracts, where applicable.

    • Financial Reporting

    Coordinate the receiving of the monthly accrual file, assess, and complete a first level review of the data against budgeted values.

  • Generate the accrual JE and release into the system.
  • Ensure any monthly accrual issues are resolved in the following month.
  • Report variances with explanations on a consolidated basis, actual versus budget.
  • Preparation and reporting of quarterly report of utility consumption, rate, and cost vs LY's quarter by province.

    • Qualifications:

  • In progress or completed College diploma or University degree in Accounting or Business.
  • Strong analytical and problem-solving skills.
  • Ability to work under tight deadlines, multi-task and prioritize.
  • Ability to communicate effectively, both oral and written.
  • Must have strong working knowledge of MS Excel.
  • SAP experience would be an asset.

    • Software Powered by iCIMS

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