Property Accountant

Accounting Advantage; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading company in property management is seeking a Residential Property Accountant to oversee the accounting cycle for residential properties. The ideal candidate will manage month-end entries, budgets, and audits, ensuring accurate financial reporting and compliance. This full-time position offers a hybrid work model after the probation period, with opportunities for professional growth in a dynamic environment.

Qualifications

• 2-5 years of accounting experience in residential property management.
• Excellent written and oral communication skills.

Responsibilities

• Prepare month-end journal entries and maintain reconciliations.
• Organize the full accounting cycle for real estate properties.
• Prepare budget templates and assist in yearly budgets.

Skills

Communication

Accounting

Variance Analysis

Education

CPA Designation

Job description

Description Share : Apply Now! Save This Job

Residential Property Accountant

Details :

• Salary : $70-90,000 depending on experience and designation
• Hybrid : 3 days in office, 2 days remote after probation period
• Full-time hours, Mon-Fri
• Location : North York (Yonge and Eglinton)

Responsibilities

• Prepare month-end journal entries and maintain monthly bank reconciliations, general ledger reconciliations to the sub-ledger: cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses, and liabilities.
• Organize the full accounting cycle for real estate properties.
• Prepare monthly operating income statements and balance sheets for all company-owned and third-party residential properties, with supporting schedules, and submit to the operations department for review.
• Prepare budget templates, including previous year's budget and current year's forecast, for Property Managers, and assist in preparing each property's yearly budgets.
• Prepare year-end working paper files, provide auditors with financial statements, comparative analyses, sub-ledger schedules, and backups.
• Assist in the audit of residential properties.
• Ensure all transactions are recorded, including asset purchases/sales of land/building; Statement of Account (SOA); monitor post-closing to be completed within the timeframe dictated by the purchase and sale agreement.
• Oversee Accounts Receivable and Accounts Payable, review cash requirement reports, reconcile tenant statements, monitor banking deposits, and daily balances.
• Monitor operational expenses monthly through variance analysis.
• Review and approve residential expenditures, including allocation to appropriate property and expense accounts.
• Perform daily, weekly, and monthly bank reconciliations for residential banking accounts and tenant refund accounts.
• Liaise with property administrators and property managers.
• Maintain third-party property files, including mortgage schedules, insurance liability schedules, capital item warranties, and revenue contracts.
• Propose improvements to accounting processes or information management to the Senior Accountant.

Qualifications

• 2-5 years of accounting experience in residential property management
• CPA Designation preferred
• Excellent written and oral communication skills