Senior Accountant, Property Accounting

Tricon Residential; Toronto; On-site; CAD 70,000 - 105,000; Full time

Job summary

Tricon Residential is hiring a Senior Accountant for Property Accounting in Toronto. You will be responsible for full cycle accounting of multifamily properties, ensuring accurate financial records and collaborating with various stakeholders. The role demands strong analytical and communication skills and a thorough understanding of accounting principles.

Qualifications

• Thorough knowledge of GAAP and IFRS.
• 3+ years of property management/real estate experience preferred.
• CPA designation is a plus.

Responsibilities

• Perform full-cycle accounting duties for multifamily properties.
• Review monthly property financials and perform variance analysis.
• Assist with audit requests and ensure compliance with accounting policies.

Skills

Analytical skills

Communication skills

Detail-oriented

Education

Bachelor’s Degree in Accounting or Finance

Tools

Yardi

D365

Excel

Job description

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Tricon Residential is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential.

We strive to be North America’s premier rental housing company. Our business philosophy involves taking care of our team first – empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family. This is how we continue to grow, and it is an approach that has proven to generate positive returns for our stakeholders. For more information, visit Tricon Residential.

Job Description

The Senior Accountant, Property Accounting is responsible for full cycle accounting operations of multifamily properties, applying consistent accounting principles and procedures to record and analyze financial information, maintain the integrity of the financial records, provide transparent and accurate financial information to various stakeholders, assist senior property accountants in the preparation of complete and timely financial reports, and ensure adherence to appropriate accounting controls and policies. The Senior Accountant, Property Accounting demonstrates overall knowledge of financial reporting and accounting analysis and assists in the preparation and review of financial reporting packages for both internal and external stakeholders.

Essential Duties and Responsibilities:

• Perform full-cycle accounting duties for assigned property portfolio such as accruals, adjustments, amortizations, reclasses, and gross potential rent/vacancy loss analysis.
• Review monthly property financials to assess accuracy/completeness while collaborating with Asset and Property management to provide meaningful variance analysis explanations.
• Prepare monthly balance sheet reconciliations and schedules for proper amortization/depreciation, accruals, true-ups, etc.
• Coordinate and articulately communicate with internal and external customers, including, but not limited to property managers, maintenance staff, management, auditors, tax consultants, etc.
• Assist with the preparation and review of monthly and quarterly financial reporting packages for both internal and external stakeholders.
• Analyze current and historical financial results, perform variance analysis of key metrics, identify trends and recommend actions
• Actively monitor financial statement deliverables and communicate to stakeholder.
• Participate on special projects and perform other tasks as assigned.
• Assist with audit requests, including general audit inquiries, preparation of schedules/reports, support data and schedules, and testing of internal controls.
• Analyze property-related transactions to ensure accuracy, completeness, compliance, and reasonableness.
• Participate in research of accounting transactions and financial reporting such as budget-to-actual or month-over-month variance analysis.
• Assist with system and process improvements to enhance financial reporting and accounting efficiency.
• Develop and maintain standard operating procedures and training documentation.
• Support management with special research projects and presentations, as required.
  
  
  

Qualifications:

• Ability to work in a fast-paced, dynamic environment with strict reporting deadlines.
• Excellent business acumen and communication skills required.
• Exceptional research, analytical and critical thinking skills.
• Desire to utilize analytical skills in order to use the data to communicate findings.
• Dependable and demonstrate and support the organization's ethics and values.
• Demonstrated problem solving and decision-making skills.
• Demonstrated strategic and creative thinking ability.
• A self-starter who can work independently in a fast-paced and challenging environment.
• Demonstrates strong attention to detail and adheres to high standards for work quality.
  
  
  

Minimum Requirements:

• Thorough knowledge of generally accepted accounting principles and international financial reporting standards.
• Bachelor’s Degree in Accounting or Finance.
• Advanced knowledge of Excel; proficient in other Microsoft Office programs.
  
  
  

Preferred Attributes:

• 3+ years property management/real estate experience would be a plus.
• Knowledge of Yardi & D365.
• CPA designation.
  
  
  

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

• Frequently required to sit, talk, and hear.
• Frequently required to stand and move; use hands to grasp, squeeze, finger, handle, and feel; reach, push, and pull with hands and arms; occasionally required to twist; reach overhead; stoop, kneel, squat, bend, and crouch.
• Occasionally lift, carry, and move up to 10 pounds.
• Vision abilities required by this job include close vision, distance vision, and depth perception.
  
  
  

We are committed to fostering an inclusive and accessible recruitment process. If you require accommodations at any stage of the hiring process, please let us know, and we will work with you to meet your needs.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

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