Property Accountant

Lankin Investments; Vaughan; On-site; CAD 60,000 - 80,000; Full time

Benefits offered by this job

Full benefits

Job summary

Lankin Investments is seeking a Property Accountant to join our Vaughan, Ontario team. Reporting to the Accounting Manager, you will manage full cycle accounting for a diversified real estate portfolio and support month-end, year-end, and audits.

The role requires a Bachelor’s degree in accounting/finance, 1–2 years in accounting (real estate ideal), and CPA designation or active CPA progression is a plus. The position is in-office with full benefits.

Qualifications

• Bachelor's Degree in Accounting/Finance, real estate and/or related field.
• Minimum 1-2 years of experience in accounting, preferably in the real estate industry and/or fund management.
• Professional Accounting Designation (CPA-CA, CGA, CMA) or actively enrolled in the CPA program (midway through or nearing completion) is an asset.
• Highly organized with the ability to multitask and work under pressure.
• Dedicated team player with a positive attitude and the flexibility to get the job done.

Responsibilities

• Responsible for full cycle property accounting for a dedicated portfolio of properties and corporate consolidated entities.
• Assist in full monthly and quarterly financial and management reporting.
• Assist in the oversight and maintenance of the general ledger for the group of companies and portfolio of properties.
• Perform month-end accounting cycle entries while ensuring the accuracy of all transactions and subledgers and maintaining all corporate workbooks.
• Post monthly recurring entries which include mortgages, pre-payments, property taxes, accruals of expenses, deferred financing costs, and related party transactions.
• Post asset acquisition entries, mortgage, and refinance journal entries as well as property acquisition and disposition entries.
• Complete reconciliations for all balance sheet accounts including bank accounts and credit cards.
• Prepare and reconcile construction draw requests.
• Assist with year-end audit processes and support auditor inquiries.
• Assist with the annual budgeting and reforecasting process, including budget preparation, review, and system uploads.
• Accounts Receivable, includes posting intercompany transactions and ensuring accurate recording of tenant transactions.
• Assist Accounts Payable with property-related payables.
• Support the implementation of accounting changes and other process improvements.
• Support ad-hoc projects with the Accounting Manager.
• File and process HST returns and payments for all corporations within the CRA deadlines.
• Gain full understanding of all invoice types and coding processes.
• Participate in special projects and take on other duties, as assigned

Skills

Organized and detail-oriented

multitask under pressure

Team player

Education

Bachelor's Degree in Accounting/Finance, real estate and/or related field

Job description

Putting People First, Every day. Lankin Investments is a real estate investment firm specializing in institutional-grade Canadian multi-family assets. With over 15 years of experience, the firm has successfully acquired, managed, and operated rental communities across Canada. Today, Lankin manages a real estate portfolio exceeding $2 billion, with more than 6,700 multi-family units under management. Our ethos is simple yet profound: Driven by our people, we foster financial prosperity and community value through strategic Canadian real estate investments. With more than 15 years of successfully acquiring, managing, and operating multi-residential across Canada, we have achieved a celebrated reputation among real estate investors. The success is driven by providing our team members with an environment that fosters a people-first culture with a high priority on personal and professional growth.

About the Role

Your Opportunity! Reporting directly to the Accounting Manager, Lankin Investments is looking for a Property Accountant to join our fast-paced team, who will be responsible for supporting a dedicated portfolio of properties, the group of companies and the finance teams through their continued growth. This individual will be responsible for full cycle accounting duties while supporting the day-to-day accounting functions of the property operations team for a diversified group of companies focused on real estate asset management. This is a full-time, in-office role where you'll be working from our new office in Vaughan, Ontario.

Responsibilities

• Responsible for full cycle property accounting for a dedicated portfolio of properties and corporate consolidated entities.
• Assist in full monthly and quarterly financial and management reporting.
• Assist in the oversight and maintenance of the general ledger for the group of companies and portfolio of properties.
• Perform month-end accounting cycle entries while ensuring the accuracy of all transactions and subledgers and maintaining all corporate workbooks.
• Post monthly recurring entries which include mortgages, pre-payments, property taxes, accruals of expenses, deferred financing costs, and related party transactions.
• Post asset acquisition entries, mortgage, and refinance journal entries as well as property acquisition and disposition entries.
• Complete reconciliations for all balance sheet accounts including bank accounts and credit cards.
• Prepare and reconcile construction draw requests.
• Assist with year-end audit processes and support auditor inquiries.
• Assist with the annual budgeting and reforecasting process, including budget preparation, review, and system uploads.
• Accounts Receivable, includes posting intercompany transactions and ensuring accurate recording of tenant transactions.
• Assist Accounts Payable with property-related payables.
• Support the implementation of accounting changes and other process improvements.
• Support ad-hoc projects with the Accounting Manager.
• File and process HST returns and payments for all corporations within the CRA deadlines.
• Gain full understanding of all invoice types and coding processes.
• Participate in special projects and take on other duties, as assigned

Qualifications

• What are we looking for in a successful candidate?
• Bachelor's Degree in Accounting/Finance, real estate and/or related field
• Minimum 1-2 years of experience in accounting, preferably in the real estate industry and/or fund management
• Professional Accounting Designation (CPA-CA, CGA, CMA) or actively enrolled in the CPA program (midway through or nearing completion) is an asset.
• Highly organized with the ability to multitask and work under pressure.
• Dedicated team player with a positive attitude and the flexibility to get the job done.

How do we define success for the role?

• You become a trusted & team-focused member supports and takes on full cycle accounting while being a key contributor to the strategic direction of the group of companies and support our continued high growth success.
• You are highly organized with a keen eye for detail
• The successful person will possess deeply rooted emotional intelligence and be a thoughtful and humble collaborator. As well, they must be self-starter, a strategic thinker and have a service-oriented attitude that will encourage continuous improvement of service and performance.
• You continuously demonstrate our core values through all aspects of your work: integrity, loyalty, ingenuity, entrepreneurial spirit & collaboration
• You share in an inclusive and engaging work environment that develops, retains & attracts talent
• You grow your expertise through learning and professional development.
• Why Lankin Investments? We strive for a culture that encourages passion and provides an environment where you can be successful in the following ways:
• We enable you to lead and be a pivotal contributor to the success and growth of our company
• We help you be the best professional you can be
• We help you achieve your personal goals outside of the office and make an impact on your community.

Pay range and compensation package

• Rewarding Performance
• We pay for performance with competitive total cash compensation that recognizes and rewards your contribution.
• We are proud to offer our employees full benefits.

Equal Opportunity Statement

Diversity, Equity & Inclusion Matters. We believe every employee should have the opportunity to participate and succeed. We are committed to a workplace culture of respect, inclusion, and diversity. We are actively involved in our communities by supporting local charity initiatives. We participate in local community events where you will be given the opportunity to contribute to your community.