Manager, Property Accounting - Toronto, Canada - Choice Properties

Choice Properties

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada.

Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centres and stand-alone supermarkets.

Choice Properties' strategy is to create value by enhancing and optimizing its portfolio through accretive acquisitions, strategic development and active property management.

Choice Properties' principal tenant is Loblaw Companies Limited, Canada's largest retailer. Choice Properties' strong alliance with Loblaw positions it well for future growth.

A commitment to continuous learning and development is a strong part of our culture.

The Manager, Property Accounting is responsible for in-depth review and production of accounting and financial analysis and reports, with the objective of providing accurate, reliable and timely information to the various internal and external clients of the department, ensure the integrity of accounting controls, review bank reconciliations, adjustments, recovery calculations and cash management as necessary, use development, mentoring and coaching techniques to build a strong accounting team, manage performance evaluations in conjunction with HR and coordinate departmental learning.

Responsibilities:

Support the accounting team to ensure departmental objectives are achieved.
Assist in portfolio level review and completion of monthly financial results and variance analysis for management.
Contribute to quarterly quality assurance reviews on financial working papers.
Review team outputs for management and coowners including cash flows, financial statements and reporting.
Monitor the lease, revenue, and property accounting roles to ensure accurate monthly financials are produced.
Generate internal management reporting and review completion of coowner reporting.
Oversee lease setup and recovery models creation for newly acquired properties.
Complete monthly accounting allocations of property results for coownerships.
Assist in review of annual yearend audit working papers, property CAM statements, and rental advice notices.
Prepare quarterly property financial forecasts and annual budget, including revenue and recovery calculations.
Followup to ensure interim and yearend final billings to tenants are processed on a timely basis.
Assist in review portfolio reporting to ensure accuracy, completeness and timeliness of information.
Assist in preparation of portfolio level review and reporting, to management, coowners, and auditors.
Assist in preparation of annual audit requirements including completion of yearend files and CAM Statements.
Responsible for the completion of quarterly reforecast and annual financial budgets.
Ensure all Internal Control Policies and Procedures are followed, including the documentation and completion of proper audit trails.
Identify gaps in existing policies and procedures and escalate as appropriate.

Job Qualifications:

Advanced Microsoft Excel and working knowledge of Word and Outlook
JD Edwards (JDE) experience preferred
Excellent communication skills (written and oral) with the ability to work with all levels of Management
Strong planning, organization and time management skills
Effectively works under pressure to meet deadlines
Ability to work well with others and develop cooperative working relationships
Ability to lead and direct others in a team environment
Selfmotivated, enthusiastic, and positive attitude
Post-Secondary with specialization in Accounting, Business, Economics or Real Estate
CPA (CGA, CMA, CA) designation completed preferred
Minimum 4 years full cycle property accounting experience including property and recovery/lease accounting

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength.

We have made it a priority to reflect our nation's evolving diversity in the people we hire, and the culture we create in our organization.

Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing.

Upholding the law is part of our Code of Conduct - it reinforces what our customers and stakeholders expect of us.

Number of Openings:
1