Accounting Administrator (Contract)

Fengate Asset Management; Toronto; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

Fengate Asset Management seeks an Accounting Administrator for a one-year contract to support accounting processes for condominium sales. This hybrid role involves coordinating finance aspects, ensuring compliance, and liaising with various teams for efficient transaction management.

Qualifications

• 5-10 years of experience in real estate accounting for residential condominium closings.
• Excellent verbal and written communication skills.
• Strong understanding of real estate transaction processes.

Responsibilities

• Perform full cycle real estate accounting for closing transactions.
• Prepare and record journal entries for unit closings.
• Collaborate with internal and external parties for closing-related inquiries.

Skills

Attention to detail

Problem solving

Communication

Education

Bachelor’s degree in accounting, business administration, or related field

Tools

Yardi

Job description

OPPORTUNITY

As part of its continued growth, Fengate is seeking an Accounting Administrator for a one-year contract, who will support the accounting and finance aspects of the closing process for condominium unit sales on behalf of Fengate. This is a hybrid role, based out of the Oakville and/or Toronto office.

In this role, you’ll work closely with Fengate’s internal sales and marketing team, as well as external counterparts to coordinate and execute all the finance related aspects of the closing process. This is an exciting opportunity to contribute to a high-performing team in a fast-paced, client-focused environment where precision and professionalism are key.

KEY RESPONSIBILITIES

• Perform and manage the full cycle real estate accounting for closing transactions of the assigned project
• Prepare and record all necessary journal entries for each unit closing in the project legal entity
• Prepare and file GST/HST returns on a timely basis to ensure compliance with CRA regulations
• For each unit closing, prepare the Statement of Adjustments to ensure that the purchase price, deposits, amounts due on closing, and any other financial adjustments and transaction related fees are properly reflected.
• Assist in preparing and maintaining the closing spreadsheet by conducting thorough reviews of purchase agreements
• Reconcile the closing proceeds collected against the closing spreadsheet and individual purchase agreements.
• Collaborate with external/internal legal counsel and our internal sales and marketing team to ensure closing proceeds are received and coordinate with the bank as needed.
• Serve as the main point of contact from a finance perspective between internal business teams, as well as purchasers and external parties for all closing-related inquiries and matters.
• Work on ad hoc projects within the real estate finance team as requested by management

KEY QUALIFICATIONS

• Bachelor’s degree in accounting, business administration, or a related field
• 5-10 years of proven experience in real estate accounting for residential condominium closings, preferably having worked at a residential developer in the GTA
• Experience with Yardi is strongly preferred
• Strong understanding and knowledge of real estate transaction processes and documentation
• Excellent verbal and written communication to liaise with different parties and stakeholders
• Ability to manage multiple transactions and deadlines simultaneously
• Attention to detail to ensure accuracy in closing documents
• Ability to problem solve and resolve issues that may arise during the closing process

LOCATION

3 days a week in the Oakville or Toronto office.

Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace. It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in.

We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs.

We thank all applicants for their interest in this position; however only candidates selected for an interview will be contacted.