Senior Accountant, Real Estate

Connor, Clark & Lunn group; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial group in Toronto is seeking a Senior Accountant for their real estate team. The role involves overseeing accounting functions, liaising with property managers, and ensuring accurate financial reporting. Ideal candidates will have a strong accounting background, attention to detail, and excellent communication skills. Join a dynamic team dedicated to providing exceptional real estate investment management services.

Qualifications

• 3-5 years of accounting experience in financial management, preferably in real estate.
• Experience in preparing financial statements and notes.

Responsibilities

• Oversee and coordinate accounting for a diversified portfolio of properties.
• Prepare month-end bank reconciliations and quarterly financial statements.
• Assist in the annual audit process.

Skills

Attention to Detail

Communication

Problem Solving

Financial Management

Analytical Skills

Education

Undergraduate degree in accounting or finance

Professional Accounting Designation (CPA-CA, CGA, CMA)

Tools

Excel

Yardi

Job description

Connor, Clark & Lunn Financial Group Ltd.

Toronto, ON

We are looking for a Senior Accountant, Real Estate to join Connor, Clark & Lunn Financial Group’s (“CCLFG”) Toronto-based real estate accounting team, working exclusively for our affiliate, Crestpoint Real Estate Investments Ltd. (“Crestpoint”). The Senior Accountant, Real Estate is responsible for interacting with Crestpoint’s third-party property managers and the oversight of the day-to-day accounting functions they perform for Crestpoint’s diversified and growing portfolio of properties. This is a comprehensive position and requires the individual to have a solid understanding of all aspects of accounting.

Part of the Connor, Clark & Lunn Financial Group, Crestpoint is a commercial real estate investment manager dedicated to providing institutional and high net worth investors with direct access to commercial real estate assets. Through the execution of its disciplined investment approach and active management of its properties, Crestpoint strives to deliver stable income and attractive long-term returns through a diversified portfolio of office, retail, industrial and multi-family residential properties.

As the portfolio of new investments continues to grow, we are looking for someone who is ready to work closely with Crestpoint’s third party property managers, investment and asset management teams to ensure they are receiving the information required to manage the properties effectively and that all internal and external reporting requirements are satisfied. You will be part of a high performing team and supported by the CFO, Real Estate and Controller, Real Estate Funds.

What You Will Do

• In this role, the successful candidate will oversee and coordinate the accounting function for Crestpoint’s diversified portfolio of properties (including income producing and development properties) and open-ended real estate fund, including:
• Liaising with third-party property managers and accountants to ensure the integrity, accuracy and completeness of monthly accounting information and property management reports and the timely delivery of the previously mentioned
• Preparation of month end bank reconciliations, journal entries, supporting working papers and quarterly financial statements for presentation to external investors
• Assisting with the preparation and review of client and portfolio reporting and schedules, including cash flow projections, monthly variance analysis reports, and annual budgets
• Assisting with the preparation of property valuations and working with other members of the CCLFG team to calculate investment returns, as well as regular external client and internal property and fund reporting requirements
• Preparation of accounting entries for acquisitions and dispositions of investment properties
• Assisting with the preparation of sales tax filings and annual income tax returns and filings
• Support in implementation of accounting changes and other process improvements
• Preparing monthly, quarterly and annual financial statements and notes in accordance with ASPE, IFRS or a disclosed basis of accounting
• Assisting with the annual audit process
• Special projects and other duties, as assigned

What You Bring

• You are an energetic team player with high attention to detail that cares about “getting it right.” You are focused on your career, learning and are not intimidated by hard work and challenging situations. You are also an excellent communicator that works well with a variety of personalities. You are always looking to learn more and to improve. You are comfortable acting on your own but have the discretion to understand when to involve others. To enable your success, you possess the following:
• Minimum three to five years of accounting experience in financial management, preferably in the real estate industry and/or fund management, including preparation of financial statements and notes
• Undergraduate degree preferably in accounting or finance
• Professional Accounting Designation (CPA-CA, CGA, CMA) or actively enrolled in the CPA program (midway through or nearing completion) is an asset
• Excellent financial and analytical skills
• Strong Excel skills; familiarity with Yardi real estate accounting/reporting software is an asset
• Exceptional attention to detail
• Proven ability to think logically and effectively problem solve
• Demonstrated ability to work efficiently under pressure; dealing with changes and interruptions while maintaining strict deadlines
• Proven self-starter with the ability to work independently as well as part of a team
• Strong verbal and written communication skills

About Crestpoint and Connor, Clark & Lunn Financial Group

Crestpoint is a real estate investment and asset management firm with over $10B in assets under management. At present, the Crestpoint team is comprised of 45 real estate investment professionals based in our head office in Toronto. With properties located from coast to coast in Canada, Crestpoint’s current portfolio is comprised of over 326 buildings and more than 38 million square feet with exposure to the office, industrial, retail and multi-family sectors.

At Connor, Clark & Lunn Financial Group, we understand the value of opportunity – for our clients and our team. Independent and employee-owned, we partner with investment professionals to grow successful asset management businesses, giving them the space to innovate and truly make an impact.

With more than 40 years of history and offices across Canada and in the US, the UK and India, CC&L Financial Group and our multi-boutique family ofaffiliatefirms collectively manage over $133 billion in assets, providing a diverse range of traditional and alternative investment products and solutions to institutional, high-net-worth and retail clients.

For a closer look at how you can build your career with us, we invite you to explore www.cclgroup.com.

CC&L is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, religion, sexual orientation or expression, disability, or age.

To apply for this position, please submit your resume and cover letter asone PDF.

We thank all applicants in advance for their interest, but only those candidates shortlisted for interviews will be contacted.No telephone calls or recruitment agencies will be accepted.