Senior Property Accountant - Toronto, ON ML K

From its inception in 2005, Bayfield has been acquiring, developing, intensifying and enhancing real estate assets across the country. Founded by Harold Spring after a successful and diversified career encompassing both legal practices and real estate syndications, where he perfe ...

Job description

From its inception in 2005, Bayfield has been acquiring, developing, intensifying and enhancing real estate assets across the country. Founded by Harold Spring after a successful and diversified career encompassing both legal practices and real estate syndications, where he perfected his skills at identifying under-valued properties, Bayfield has since evolved into a top-tier private equity real estate investment firm.

During our initial years, Bayfield concentrated on acquiring assets on behalf of high net worth and family offices. As our list of successes multiplied, our reputation grew correspondingly, and we subsequently acquired assets on behalf of and in partnership with a variety of institutional investors.

Throughout our history, we have added value to residential, retail, industrial, office and retirement assets totaling in excess of $1.5Bln. We have attained this profile of noteworthy successes through a multitude of strategies, which can be found under our Illustrative Accomplishments.

Responsibilities:

• Full cycle accounting responsibilities for financial statement preparation which includes balance sheet reconciliation and adequate documentation
• Prepare reporting and variance analysis on an individual property basis and/or consolidated limited partnership portfolio basis
• Consolidate and prepare the annual budget and reforecast on a periodic basis
• Work proactively with the Operations and Leasing team to identify issues regarding the monthly financial results, tenant CAM / TAX questions, and provide guidance on proper accounting policies
• Collaborate with Development Team by preparing and updating budgets, contracts, and forecasts in Yardi Job Cost/Construction Management module
• Prepare audit and tax working papers. Draft financial statement reports with supporting notes in accordance with ASPE
• Identify and review old or significantly high accounts receivable balances for allowance setup or bad debt write offs
• Assist the team leader to ensure that the overall team monthly reporting is completed on time, and accurately
• Coordinate the integration of new properties into the accounting workflow and reporting structure (acquisitions) and also assist with dispositions, as required.
• Participate in the monthly Operations / Accounting meetings on portfolio planning and the discussion and presentation of property results
• Act as a systems and process support for Accounting and Operations
• Support and implement special project initiatives including; documentation, process efficiencies, and implementation of system related improvements
• Mentor and train newly hired and junior Property Accountants on the monthly reporting process, accounting policies and procedures, and accounting system
• Prepare HST reconciliations and returns
• Other ad hoc duties as required

Requirements

• CPA designation (or pursuing) preferred
• 5 years of commercial property accounting experience
• CAM/Tax knowledge
• High proficiency in the English language
• Clear and effective communicator (verbal and written)
• Self-motivated, highly organized, and driven to delivering timely results without the need for ongoing direction and supervision
• Customer-focused, readily adaptive to change, and works well with a wide variety of people and personalities
• Advanced skills in Microsoft Excel, Word, Outlook
• Working experience with Yardi Voyager

What we offer:

· 3 weeks of vacation per year

· Half-day every Friday before a long weekend

· Eligible to participate in our annual performance-based bonus program

· A comprehensive health benefits plan that supports you and your family

· A friendly, welcoming, and supportive culture

Bayfield Property Management is an inclusive and equal opportunity employer. If you require an accommodation to participate in the recruitment process, please let us know. We will accommodate your needs as required under applicable legislation. Information related to accommodation requirements will be addressed confidentially.

Job Type: Full-time

Pay: $85,000.00-$95,000.00 per year

Education:

• Bachelor's Degree (preferred)

Experience:

• Accounting: 3 years (required)

Language:

• English (required)
• French (preferred)

Licence/Certification:

• Chartered Professional Accountant (preferred)

Work Location: In person