Manager, Property Accounting

Recruiting in Motion; Toronto; On-site; CAD 90,000 - 150,000; Full time

Job summary

Recruiting in Motion is seeking a Manager, Property Accounting to oversee accounting and financial reporting for a portfolio of commercial real estate properties in Canada. You will lead a team of Property Accountants, ensure accurate reporting, and partner with Property/Asset Management to optimize portfolio performance.

The role requires CPA designation and at least 5 years in real estate accounting or relevant auditing experience, with strong Excel and MRI software skills, along with

Qualifications

• CPA designation or equivalent required.
• Post-secondary education in Accounting or related discipline.
• Strong experience in real estate accounting and financial reporting.

Responsibilities

• Lead and mentor a team of Property Accountants.
• Oversee monthly/quarterly financial reporting packages.
• Manage CAM and property tax reconciliations and billings.
• Review journal entries, reconciliations, and intercompany charges.
• Oversee annual property budgets and liaise with auditors.
• Support accounting for property acquisitions/dispositions.

Skills

Leadership

Mentoring

Financial reporting

Communication

Organizational skills

Education

CPA designation or equivalent

Post-secondary Accounting education

Tools

MRI software

Advanced Excel

Microsoft Office

Job description

About the Opportunity

Our client is seeking a Manager, Property Accounting to oversee the accounting and financial reporting activities for a portfolio of commercial real estate properties. This position will be responsible for ensuring accurate and timely financial reporting, overseeing budgeting, reconciliations, recoveries, and audit requirements, while leading and mentoring a team of Property Accountants.

The successful candidate will work closely with Property Management and Asset Management teams to support portfolio performance, maintain financial accuracy, and drive operational efficiencies.

Key Responsibilities:

• Lead, mentor, and manage the performance of a team of Property Accountants, providing ongoing coaching and guidance.
• Oversee the preparation and review of monthly and quarterly financial reporting packages, including financial statements, working papers, and supporting schedules.
• Manage annual CAM and property tax reconciliations and billings, including developing Excel recovery models and conducting lease audits of existing models.
• Review month-end journal entries, recurring entries, bank reconciliations, GST/HST reconciliations, and intercompany chargebacks.
• Oversee annual property budgets, including preparation, review, and coordination with internal stakeholders.
• Manage year-end audit requirements, including preparing and reviewing audit working papers and liaising with external auditors.
• Oversee accounting entries and reconciliations related to property acquisitions and dispositions.
• Manage cash flow requirements, including cash calls as needed.
• Review tenant and vendor chargebacks, ensuring accuracy and appropriate allocation.
• Partner with Property Managers and Asset Managers to address accounting matters and support financial decision-making.
• Identify opportunities to improve accounting processes, reporting accuracy, and operational efficiencies.
• Perform additional property accounting responsibilities as required.

Qualifications:

• Post-secondary education in Accounting or a related discipline, along with a professional accounting designation (CPA or equivalent).
• Minimum 5 years of experience in real estate accounting, or 2 years of experience auditing real estate clients within a major accounting firm.
• Previous experience reviewing the work of other accountants, with the ability to coach, mentor, and support team development.
• Strong understanding of commercial property accounting, financial reporting, CAM and tax recoveries, budgeting, and reconciliations.
• Advanced Excel skills, including the ability to develop and review financial models.
• Strong organizational skills, attention to detail, and the ability to manage competing priorities and deadlines.
• Excellent written and verbal communication skills, with the ability to collaborate effectively with senior management and cross-functional teams.
• Proficiency in Microsoft Office and property accounting software.
• Experience with MRI is considered a strong asset.

AI may be used to support certain administrative aspects of our recruitment process. However, all applications and resumes are reviewed by qualified human reviewers, and all screening and hiring decisions are made solely by the hiring team.

The posted salary range reflects expected compensation for this role in accordance with Ontario pay transparency requirements. Actual compensation will be determined based on the successful candidate’s experience, skills, and qualifications and may fall anywhere within the range.