General Ledger Accountant

FirstService Residential Careers; Mississauga; Hybrid; CAD 85,000 - 95,000; Full time

Job summary

A leading property management firm is seeking a General Ledger Accountant in Mississauga. This role involves responsibility for accounting tasks for a portfolio of condominiums, requiring strong organizational skills and a robust understanding of financial processes. Candidates should have at least 5 years of experience in property management accounting and possess a Bachelor’s degree in finance or accounting. The firm offers competitive compensation between $85,000 and $95,000, along with benefits and a hybrid work environment.

Benefits

Comprehensive benefits program

Flexible working hours

Career development support

Qualifications

• 5+ years of experience as an Accountant in the property management industry.
• CPA certification or MBA is preferred.
• Knowledge of condominium CAM allocation is a plus.

Responsibilities

• Prepare monthly bank reconciliations for the assigned portfolio.
• Analyze and communicate budget variances.
• Participate in annual budget preparation by deadlines.
• Perform year-end close on financial accounts.

Skills

Organization and time management

Critical thinking

Communication skills

Knowledge of cash flow management

Education

Bachelor's degree in accounting or finance

Tools

Yardi

Microsoft Office

Job description

Description

General Ledger Accountant

FirstService Residential is owned by FirstService Corporation, a proudly Canadian company and one of Canada's great business success stories.

FirstService Residential transforms the property management landscape by providing professional association management services to over 9,000 residential communities across the United States and Canada.

Our dedication to associate satisfaction and growth is recognized by our Great Place to Work certification, exemplifying our commitment to fostering a positive and inclusive workplace culture. Our 19,000 associates can count on competitive salaries, top-tier medical, dental, and retirement benefits, career training, and support for continued professional development.

Experience exceptional service with a fulfilling career in property management with FirstService Residential.

Why choose Us

We offer a hybrid working environment with flexible hours and the option for a modified 4.5 day work week. We have a comprehensive benefits program inclusive of a Health Spending Account, Workperks, and more! Most importantly, we are committed to empowering, developing and supporting all our associates.

Overall, this role will be responsible for the accounting of a portfolio of condominiums and/or cooperatives in New York City. Must have the ability and eagerness to not only produce monthly financial reports but to prepare multiple financial budgets. This position will be constantly required to hit deadlines for the appropriate assigned projects. The key function of this job is to review all the support team's input into the financial statement process and make sure that everyone has completed their roles according to expectations. Then this role will complete the financial statement process and be submitted to the Property Manager for final review. This position will be a key support for the day‑to‑day accounting support for the Property Managers and Board members. Must be a quick learner, able to multi‑task and manage time effectively. This person will be the conductor for all the various support teams in creating accurate and timely financial statements.

Essential Duties & Responsibilities

• The position is hybrid; employee must be able to work in an FSR office.
• Prepare monthly bank reconciliations for the assigned portfolio of buildings which includes all buildings' reserve accounts to clear any outstanding items that the bank reconciliation team did not clear.
• Prepare monthly financial packages which includes a table of contents.
• Analyze and communicate the actual to budget variances.
• Attend meetings with clients as needed, to explain financials.
• Participate in annual budget preparation for the assigned portfolio of buildings by the assigned deadline dates.
• Resolve internal client inquiries submitted via ticketing system, Zendesk.

Perform the necessary month‑end duties such as:

• Initiate/schedule transfers, which includes escrow transfers, reserve contributions, assessment billing, reserve funding and non‑operating revenue transfers to reserves, etc., segregating funds appropriately.
• Maintain and update accurate accounting of the liability accounts such as security deposits.
• Complete special projects for both internal and external, as assigned.

Perform the necessary year‑end duties such as:

• Year‑end close on each of the buildings' financial chart of accounts include the annual reports in year‑end financials.
• Participate in the annual audit process for the entire portfolio including accommodating the auditor's needs and requests in a timely manner.
• Reallocate the month‑to‑month budget spread for the financial reports.

Education & Experience

• Bachelor's degree in accounting or finance from a four‑year college or university.
• 5+ years of experience as an Accountant in the property management Condo/Coop industry or is required.
• Condominium CAM Allocation and New Development knowledge/experience is preferred.
• Preferred: CPA certification, MBA or related work experience.

Knowledge, Skills & Proficiencies

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required.

• Knowledge of assets, cash balance, and availability of funds for projects and cash flow management for capital improvements.
• Excellent organization, motivation, leadership, time management and interpersonal skills.
• Critical thinking, complex problem solving, judgment and decision‑making ability.
• Strong verbal, presentation, and written communication skills. Ability to communicate and provide guidance to all client levels.
• Must have strong proficiency in Windows and Microsoft Office, including but not limited to Word, Excel, Power Point and Outlook. Proficiency researching the Internet.
• Previous experience with financial and accounting programs such as Yardi and MDS is a plus.
• Must be able to keep up in a fast‑paced, ever‑changing environment while maintaining a cool, calm, and collected attitude.
• Ability to work well in a team environment as well as independently.
• Must be self‑driven with the ability to identify, plan and prioritize projects and assignments and be able to hit important deadlines.
• Knowledge of mechanical operations of a building and equipment preferred.

Compensation

Compensation for this role is between $85 - 95,000 + benefits.

Disclaimer

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. This is not an all‑inclusive job description; therefore, management has the right to assign or reassign schedules, duties and responsibilities to this job at any time.

FirstService Residential is an equal opportunity employer committed to a diverse and inclusive workforce. Applicants will receive consideration for employment without regard to race, colour, religion, sex (including pregnancy), age, sexual orientation, national origin, marital status, parental status, ancestry, disability, gender identity, veteran status, genetic information, other distinguishing characteristics of diversity and inclusion, or any other protected status.

FirstService Residential welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the hiring and selection process.