Senior Commercial Property Accountant

Kipling Group; Toronto; On-site; CAD 70,000 - 95,000; Full time

Job summary

Kipling Group invites applications for a Senior Commercial Property Accountant to manage a Toronto-based real estate portfolio. You will prepare monthly, quarterly, and annual financial reports, perform bank reconciliations, budget and forecast, rent billings, tax filings, and liaise with property management and legal teams.

The role requires 2+ years in property management/commercial real estate, attention to detail, ability to meet deadlines, and experience with Yardi is an asset; CPA/CA/CGA

Qualifications

• 2+ years in property management / commercial real estate.
• CPA/CA/CGA designation is an asset.
• Strong attention to detail and ability to meet deadlines.
• Strong Yardi knowledge is an asset.

Responsibilities

• Prepare monthly, quarterly and annual financial reports and working papers.
• Perform monthly bank reconciliations and assist with annual budget and reforecasting.
• Prepare rental and recovery billings, including percentage rent billings with sales analysis.
• Analyze tenant accounts and resolve discrepancies; monitor vendor payments for proper coding.
• Prepare depreciation and fixed asset schedules and monitor capital expenditure programs.
• Collaborate with Lease Administration, Property Operations, AR/AP, Tax, Finance and Legal to finalize financial statements.
• Liaise with Property Manager and manage other assigned duties.

Skills

Attention to detail

Deadline management

Yardi experience

Education

CPA/CA/CGA designation

Tools

Yardi

Job description

Company Overview:

Kipling Group Inc. is a multifaceted commercial and residential real estate organization that focuses on property management and leasing. With over $10 billion in assets under management and managing over 130 properties of various asset types across the country, Kipling offers integrated property management solutions tailored to the needs of a diverse clientele. Our services encompass building operations, accounting, administration, human resources, risk management, leasing, marketing, project management, and specialized tenant services.

Job Description:

Kipling is currently looking for a Senior Commercial Property Accountant to handle a real estate portfolio based in Toronto.

All accounting and reporting requirements that would normally be the duties of a property accountant, including but not limited to:

• Preparation of monthly, quarterly and annual financial reports and working papers;
• Monthly bank reconciliations
• Preparation of Annual budget and reforecasting;
• Preparation of rental and recovery billings;
• Preparation of percentage rent billings with sales analysis;
• Cash analysis and distributions to owners;
• Tenant dispute resolution on recovery billings;
• Manage, analyze and audit tenant accounts to ensure they are billed correctly each month for all rental and additional charges per their lease and investigate and resolve all discrepancies;
• Research and assess all vendor payments to ensure they are properly coded prior to payment;
• Analyze and prepare HST filings , including all supporting schedules as scheduled;
• Present formal revenue and expense variance explanations on a monthly basis in conjunction with property management;
• Analyze and prepare tenant operating and real estate tax escalations for assigned properties’ monthly payment and annual adjustment;
• Analyze and prepare sales analysis and percentage rent billings for monthly payment and annual adjustment;
• Work with Lease Administration, Property Operations , Accounts Receivable, Accounts Payable, Tax, Finance and Legal Departments to obtain necessary information for the completion of financial statements;
• Analyze and prepare depreciation and fixed asset schedules on a monthly basis;
• Monitor, analyze and report on capital expenditure programs;
• Monitor, analyze and report on landlord’s work and tenant improvements;
• Analyze and prepare depreciation and fixed asset schedules on a monthly basis;
• Liaison with Property Manager;
• Other duties as assigned.

Recommended Experience

• Professional designation or enrolment (CPA, CA, CGA) an asset;
• 2+ years working in property management / commercial real estate;
• Strong attention to detail and ability to manage deadlines;
• Strong Yardi knowledge an asset.

Kipling supports equal opportunities and invests in a diverse and multicultural work force that values individuals with unique personalities, goals, backgrounds and views. This reinforces Kipling’s culture, enhances collaboration and makes for an inclusive work environment.

Kipling will work with individuals requiring accommodation throughout the hiring process. If you require accommodation, please advise our HR team by emailing [e-mail].