Corporate Accountant

InnVest Hotels Management Ltd; Toronto; Hybrid; CAD 60,000 - 72,000; Full time

Job summary

InnVest Hotels Management Ltd in Toronto, Ontario, is seeking a Corporate Accountant to manage daily and monthly accounting, support financial reporting, and assist with fiscal period closings across our hotel portfolio.

Reporting to the Corporate Controller, you will perform month-end close, balance sheet reconciliations, intercompany accounting, payroll entries, budgeting support, and audit coordination, with a focus on accuracy, internal controls, and timely, compliant reporting.

Qualifications

• 3-5 years of accounting experience, preferably in hospitality or property
• Advanced MS Excel skills
• Bilingualism is a valuable asset (French a plus)

Responsibilities

• Month-end closing procedures including journal entries, accruals, and bank reconciliations
• Balance sheet account reconciliations across multiple trial balances
• Resolve discrepancies between PMS system and General Ledger
• Prepare monthly payroll journal entries and reconcile payroll accounts
• Record intercompany transactions and regulatory filings (HST/PST/QST/WSIB)
• Maintain fixed asset roll forward and asset schedules for managed assets
• Support annual audit and respond to auditor inquiries
• Assist with annual budget process
• Collaborate with finance teams to collect data for month-end close
• Review accounting processes to improve internal controls and efficiencies
• Prepare ad hoc financial reports as needed

Skills

Analytical

Attention to detail

Ownership

Confidentiality

Communication skills

Education

Bachelor’s degree in Business Administration (Accounting)

Diploma in Accounting

Tools

MS Excel

PMS system

General Ledger

Job description

• Pay or shift range: $60,000 CAD to $72,000 CAD
  The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.
• Travel Required : No

Description

THE OPPORTUNITY:

CORPORATE ACCOUNTANT

REPORTS TO CORPORATE CONTROLLER

THE COMPANY:

With over 100 hotels in our portfolio, representing 18 internationally recognized hotel brands, InnVest is the largest independent owner of hotels in Canada. In addition, our management team oversees the day-to-day operating activities of 87 owned and third party owned hotels.InnVest’s portfolio is geographically diverse with hotels from Vancouver, BC to Corner Brook, NL but also experientially diverse from roadside inns to luxury urban properties.

At InnVest, our mission is simple – to deliver outstanding guest experiences and superior returns on quality hospitality investment. A career at InnVest will provide you with unrivaled opportunities and invaluable exposure to Canada’s largest independently-owned and operated hotel portfolio.

Reporting to the Corporate Controller, the Bookkeeper/Corporate Accountant is directly responsible for daily and monthly functional accounting, supporting the financial reporting, performing key tasks related to fiscal period closings, and analysis of InnVest’s performance combined with ad-hoc project work. The Corporate Accountant will act as a direct accounting contact for InnVest’s managed properties.

RESPONSIBILITIES:

The duties and responsibilities for the Corporate Accountant include, but are not limited to the following:

• Month end closing procedures including but not limited to the preparation of journal entries, accruals, and bank reconciliations for multiple entities
• Perform monthly reconciliations of balance sheet accounts for multiple trial balances
• Resolve any discrepancies between PMS system and General Ledger
• Prepare month end manual payroll journal entries and reconcile all payroll related accounts on a monthly basis
• Responsible for performing all daily, monthly, and other periodic accounting and financial reporting in an accurate and timely manner
• Record and balance intercompany transactions
• Complete regulatory filings: HST/PST/QST/WSIB etc
• Fixed asset monthly roll forward and maintain fixed asset continuity schedules for managed assets
• Support annual audit and respond to auditor inquiries
• Assist properties with annual budget process
• Assist with system upgrades testing
• Work closely with the business or other finance teams to collect data for month end close
• Assist in monitoring and reviewing accounting processes and procedures and recommend changes as appropriate to improve internal controls and /or efficiencies
• Assist in the preparation of other ad hoc reports as necessary

GOALS:

• Achieve accurate and on-time monthly close
• Provide best-in-class service to support hotels and corporate office

COMPETENCIES WE ARE SEEKING:

• Bachelor’s degree in Business Administration with an emphasis in accounting, or a diploma in Accounting, or equivalent experience

Knowledge, Experience and Skills Requirements:

• 3-5 years previous experience in an accounting environment, with Property experience considered an asset
• Advanced MS Excel skills
• Bilingualism, French is a valuable asset
• Strong attention to detail
• Strong sense of ownership
• Ability to maintain confidentiality
• Demonstrated customer service skills, both internal and external, with the ability to resolve conflicts
• Analytical
• Ability to work independently and within a team environment
• Willingness to work overtime during reporting peak periods
• Excellent verbal and written communication skills, including proper spelling, grammar, and punctuation for complex documentation
• Superior time management skills, multitasking skills, and the ability to prioritize tasks with minimal supervision
• Ability to effectively prioritize and execute tasks in a high-pressure environment.
• Experience working in a team-oriented, collaborative environment

Mental Effort required to perform the job:

• Frequent mental attentiveness and listening is required when dealing with Accounting & Finance tasks.
• Frequent mental effort is required in multi-tasking, handling interruptions, and/or Employee/Manager queries, which require constant refocusing.
• Frequent levels of concentration required for accuracy when dealing with Accounting & Finance tasks and initiatives.

Physical Effort required to perform the job:

• Continuously requires manual dexterity speed and hand/eye coordination for work at a computer.
• Periodic lifting of computer hardware and administrative materials such as laptops, physical files, binders, etc.

Responsibility for Resources:

• Responsible for work area.
• Responsible for confidential Accounting & Finance documents, equipment, and protocols related to the company.

Working Conditions

• Continuously working at a workstation assigned by the Manager.
• Continuously working in a climate-controlled office.
• Frequent meetings (in-person, virtual) to discuss various Accounting & Finance subject matter.
• Temporary hybrid working arrangement, subject to change.
• Regular working hours, as required.
• Flexible working hours, as required.

InnVest is an inclusive employer. As part of InnVest’s commitment to accessibility, we will ensure equality by providing a selection process and work environment that is inclusive and barrier free. Accommodation will be provided in accordance with the Ontario Human Rights Code. Any special accommodation needs required in order to allow applicants to participate in the recruitment process to their full potential can be arranged in advance by contacting InnVest to arrange practical and appropriate accommodation. We appreciate all applications; however, only those applicants selected for an interview will be contacted.