Property Accountant, IPP

Shape Properties Corp.; Vancouver; Hybrid; CAD 80,000 - 85,000; Full time

Job summary

Shape Properties Corp. in Downtown Vancouver is seeking a Property Accountant – IPP to manage full cycle accounting for a portfolio of commercial properties. You will build relationships with both internal and external stakeholders and provide a financial storytelling view of the assets.

Key duties include monthly, quarterly and annual closes, reconciliations, lease analyses and CAM reviews, plus budgeting and ad hoc analysis. CPA designation or 2+ years in a similar role is preferred.

Qualifications

• Strong organizational skills and high attention to detail.
• Ability to multi-task in a fast-paced environment and meet deadlines under pressure.
• Effective communication at all levels and with external stakeholders.
• Positive, collaborative, team-oriented with relationship-building skills.
• Motivated, quick learner, proactive and solutions oriented.
• Desire to understand how income-producing properties work beyond the numbers.

Responsibilities

• Full cycle accounting for a portfolio of assets, including monthly, quarterly and annual closes.
• Prepare working papers, review bank reconciliations and AR/AP reports; analyze variances.
• Forecast cashflow requirements and perform lease analysis.
• Prepare quarterly variance analyses and budgets, including reforecasts.
• Liaise with property administrators, managers, leasing, legal and corporate accounting on financial matters.
• Assist and contribute to process improvements and ad hoc reconciliations.

Skills

Organizational skills

Multi-tasking

Communication skills

Relationship building

Proactive

Analytical mindset

Education

CPA designation

Tools

Yardi Voyageur

Excel

Job description

SHAPE is the real estate investment, development and management company leading some of the largest and most exciting projects in North America including The Amazing Brentwood, The City of Lougheed and RC at CF Richmond Centre.

Through our fully integrated platform, SHAPE specializes in complete neighbourhoods with a top-calibre mix of shops, restaurants, residences, entertainment and a complete range of daily services on rapid transit. By executing on every stage of the real estate process, from land acquisition to property management, we are able to collaborate more efficiently, work seamlessly and perform at the highest level. Every SHAPE property reflects lasting vision, bold creativity and obsessive attention to detail.

Our projects are complex, our vision is simple: deliver social and financial value for generations. With a proven ability to raise the bar across our diverse portfolio of assets, we build on where we’ve been to push the edge of better: for industry standards, quality of life and return on investment.

ABOUT THE ROLE

Reporting to the Accounting Manager, the Property Accountant – IPP is responsible for full cycle accounting for a portfolio of commercial income producing properties. They will build relationships with internal and external stakeholders to have full understanding, ownership and accountability for his/her portfolio of assets. This role requires more than a number-cruncher, but a financial storyteller who understands the why behind our properties.

Primary Job Responsibilities

• Preparation of the full cycle accounting for a portfolio of assets including monthly, quarterly and annual close processes

Monthly processes

• Preparation of working papers
• Review and approval of bank reconciliations
• Review of AP entries and AR reports
• Variance analysis and resolve discrepancies
• Forecast and analyze monthly cashflow requirements
• Complex lease analysis – review and approve lease set ups
• Tracking of co-tenancy schedules
• Review of draw packages

Quarterly processes

• Preparation of quarterly variance analysis, financial and lease reports
• Preparation of budget reforecasts

Annual processes

• Preparation of comprehensive financial statements in accordance with IFRS or ASPE and preparation of audit supports
• Preparation of CAM reconciliations and review subsequent billing
• Preparation of annual budgets
• Act as key liaison with various internal stakeholders including but not limited to property administrators, property managers, leasing, legal, and corporate accounting on matters that have financial impact on assigned entities
• Assist and contribute to process improvement efforts as needed
• Other ad hoc duties analysis and reconciliations as assigned

Qualifications

Required Knowledge, Skills, and Abilities

• Possess strong organizational skills and high attention to detail
• Ability to multi-task in a fast-paced environment and meet deadlines under pressure. Works with a sense of urgency
• Ability to communicate effectively and professionally at all levels of the organization and with external stakeholders
• Positive, collaborative and team oriented with excellent relationship building skills.
• Motivated and ability to learn quickly. Proactive, dependable and solutions oriented
• The desire to build comprehensive understanding of how income producing properties work, beyond the numbers

Required Training and Experience

• Close to or possession of CPA designation or more than 2 years of relevant experience in a similar role
• Experience with property accounting, property management or real estate is an asset
• Experience with Yardi Voyageur is an asset
• Proficient with Microsoft Office applications, particularly Excel

Working Conditions

Based at our corporate office, located in Downtown Vancouver, the successful candidate may expect a comfortable and collaborative work environment in a modern office setting.

Salary Range: $80,000 – 85,000 / year