Fund Accountant

Accounting Advantage; Toronto; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

Accounting Advantage is seeking an accomplished Accountant to manage monthly fund and property-level financial reporting under IFRS and ASPE for three clients. The role involves preparing comprehensive financial statements, variance analysis, and schedules for leases and mortgages.

You will also process invoices, GST/HST returns, distributions, and participate in budgeting and annual audits. Hybrid work follows training, with two in-office days, enabling close collaboration and process

Qualifications

• 2-3 years accounting experience
• Strong Excel skills with formula tracing
• CPA or progressing towards CPA
• Strong communication skills for client interactions
• Self-starter and initiative to improve processes

Responsibilities

• Prepare monthly fund and property-level financial reports with variance analysis
• Prepare quarterly fund-level reports and mortgage/lease schedules
• Process invoices, bank deposits, and bank transfers
• Prepare monthly HST/QST returns and process payments
• Manage distributions to clients and annual true-up calculations
• Assist with budgeting and year-end audits
• Build and automate Excel templates and ad hoc reporting

Skills

Advanced Excel Formulas

Client communication

Education

CPA or CPA in progress

Tools

MS Excel

Job description

Hybrid 2 days in office ( after training)

What you will do

Responsible for 3 clients (2 medium and 1 large client). Each client has their own assets (varies from 1-14 assets).

Report under both IFRS and ASPE

Responsibilities

• Reporting
• Prepare monthly fund and property level financial reports - property income summary with variance analysis of income and expenses, accounts receivable summary with explanation of material arrears, review of property balance sheet for backup and reasonability, accumulation of leasing schedules / expiry reports, intercompany reconciliation, general ledger reconciliation
• Prepare quarterly fund level financial reports — including all schedules, analysis of balance sheet, property market values fund level income, capital variance analysis as well as key leasing statistics
• Quarterly mortgage continuity schedule and leasing schedules (lease rollover, lease expiry, vacancy)
• Process invoices, bank deposits, prepare bank transfers and entries
• Prepare monthly HST / QST returns for filing and process payments.
• Process monthly / quarterly distributions to clients
• Calculate quarterly true-up adjustment for Asset Management Fee
• Calculate, retrieve, analyze and communicate key financial metrics (IRR, TWRR, NAV, etc.)
• Upload quarterly information to MSCI and compare returns to internally calculated IPD returns
• Budgeting/Audits
• Maintain corporate ledgers - balance sheet reconciliations and monthly accruals
• Assist with the budgeting process including review property budget submission for reasonability and accuracy, including validating and inputting 3rd party managed property budgets
• Assist with the year-end financial audits
• Administration
• Assist in building and automating Excel templates
• Other duties as well as ad hoc reporting / projects as specified by SEPAC clients and / or management

Qualifications

• 2-3 years previous accounting experience (doesn't need to be fund accounting or real estate)
• Strong Excel - Understands formulas, being able to use them, able to trace them back to figure out what's happening
• CPA or can still be working towards their CPA
• Strong communication skills, they'll be presenting and dealing with clients
• Self starter, takes the initiative - not afraid to bring up changes, help improve processes