Senior Fund Accountant

Noble Search Group Inc.; Toronto; On-site; CAD 90,000 - 110,000; Full time

Benefits offered by this job

Great benefits (extended health care,H

RRSP matching

Vacation 3 weeks to start

Bonus potential

Job summary

Noble Search Group Inc. is seeking a hands-on Senior Fund Accountant to independently build processes and support a rapidly growing REIT platform. You will lead accounting for Canadian REITs, US equity/debt partnerships, and related entities, reporting to the Vice President of Finance.

The role is in-office and requires real estate accounting experience. The ideal candidate has 3+ years of Canadian REIT experience, strong IFRS knowledge, and is proficient in QuickBooks Online and MS Office.

Qualifications

• Undergraduate degree in accounting, business, finance, or another related field.
• CPA designation or currently in progress preferred, but not required.
• 3+ years of Canadian REIT or Real Estate accounting and reporting experience.
• Exposure to US real estate, financial services is considered an asset.
• Exceptional organizational skills and attention to detail, with an ability to manage multiple tasks.
• Highly proficient with MS applications, including Excel, PowerPoint, Word and Outlook, and QuickBooks Online or comparable accounting software.
• Strong research, analytical and problem-solving abilities.
• Thrives under pressure and enjoys contributing to team goals; and
• Ability to prioritize tasks and be flexible in response to changing priorities and needs.

Responsibilities

• Preparing monthly, quarterly and annual financial statements in accordance with IFRS, quarterly investor reporting packages, and related disclosures.
• Recording daily bank transactions in the Quickbooks accounting software, and performing monthly bank reconciliations.
• Performing month-end, quarter-end, and year-end processes and associated journal entries relating to revenue recognition, expense accruals, depreciation/amortization accruals, and intercompany transactions.
• Performing monthly general ledger and intercompany account reconciliations.
• Maintaining monthly NAV models, including class-level NAV per unit, tiered management fees and carried interest promote fee calculations.
• Assisting with fair value measurements under IFRS 9/13, including FVTPL investments and derivative instruments.
• Property-level accounting for assets acquired by the REIT, including rental revenue recognition and capital expenditure tracking
• Updating and managing the investor databases and working closely with the Investor Relations team.
• Calculating and paying distributions to investors and handling unit issuances, ensuring the highest level of data quality and accuracy.
• Working closely with the Director of Tax to ensure ongoing compliance with Canadian REIT taxation rules, and all other Canadian and US partnership and indirect tax filing and reporting requirements.
• Compiling information requested by external auditors on a quarterly and annual basis.
• Collaborating with other accounting team members on month and quarter-end close processes.
• Working closely with the Investor Relations department, and responding to inquiries on a timely basis.
• Liaising with external service providers as needed, like banking partners, fund administrators, or external auditors.
• Continuously improving and developing new finance processes and schedules; and
• Building a network within the industry through events and involvement in real estate trade organizations.

Skills

Attention to detail

Organizational skills

Time management

Problem solving

Communication

Education

Undergraduate degree in accounting, business or finance

CPA designation (in progress preferred)

Tools

QuickBooks Online

MS Office (Excel, PowerPoint, Word, Outlook)

Job description

Looking for a REIT-y great opportunity to be part of a growing Canadian REIT success story? Keep reading.

We are looking for a hands-on Senior Fund Accountant who can independently build processes, thrive in ambiguity, and support a rapidly growing fund platform.

My client is a capital provider with mortgage investments across all real estate asset classes in Canada, and focused on investing in ground up and value-add projects in Canada and the United States.

They’re looking for a self-motivated, entrepreneurial Senior Fund Accountant to lead the accounting and financial reporting functions for their recently launched REIT funds.

The responsibilities will cover a Canadian real estate investment trust, US equity limited partnership, and US debt limited partnership and all associated entities. The role reports to the Vice President of Finance.

The ideal candidate is highly interested in commercial real estate and has Canadian REIT or Real Estate accounting experience. You should be looking to grow alongside our client and take on more responsibilities as the company continues to evolve.

The role can be based in the Toronto, Calgary or Montreal offices, and IT IS A FULL TIME IN-OFFICE POSITION.

Responsibilities include:

• Preparing monthly, quarterly and annual financial statements in accordance with IFRS, quarterly investor reporting packages, and related disclosures;


• Recording daily bank transactions in the Quickbooks accounting software, and performing monthly bank reconciliations;


• Performing month-end, quarter-end, and year-end processes and associated journal entries relating to revenue recognition, expense accruals, depreciation/amortization accruals, and intercompany transactions;


• Performing monthly general ledger and intercompany account reconciliations;


• Maintaining monthly NAV models, including class-level NAV per unit, tiered management fees and carried interest promote fee calculations;


• Assisting with fair value measurements under IFRS 9/13, including FVTPL investments and derivative instruments;


• Property-level accounting for assets acquired by the REIT, including rental revenue recognition and capital expenditure tracking


• Updating and managing the investor databases and working closely with the Investor Relations team;


• Calculating and paying distributions to investors and handling unit issuances, ensuring the highest level of data quality and accuracy;


• Working closely with the Director of Tax to ensure ongoing compliance with Canadian REIT taxation rules, and all other Canadian and US partnership and indirect tax filing and reporting requirements;


• Compiling information requested by external auditors on a quarterly and annual basis;


• Collaborating with other accounting team members on month and quarter-end close processes;


• Working closely with the Investor Relations department, and responding to inquiries on a timely basis;


• Liaising with external service providers as needed, like banking partners, fund administrators, or external auditors;


• Continuously improving and developing new finance processes and schedules; and


• Building a network within the industry through events and involvement in real estate trade organizations.

Who you are:

• Undergraduate degree in accounting, business, finance, or another related field;


• CPA designation or currently in progress preferred, but not required;


• 3+ years of Canadian REIT or Real Estate accounting and reporting experience;


• Exposure to US real estate, financial services is considered an asset;


• Exceptional organizational skills and attention to detail, with an ability to manage multiple tasks;


• Highly proficient with MS applications, including Excel, PowerPoint, Word and Outlook, and QuickBooks Online or comparable accounting software;


• Strong research, analytical and problem-solving abilities;


• Thrives under pressure and enjoys contributing to team goals; and


• Ability to prioritize tasks and be flexible in response to changing priorities and needs.

What’s in it for you?

• Salary up to $100k


• A very generous variable bonus


• Great benefits (extended health care, HSA, wellness, RRSP matching)


• 3 weeks of vacation to start, growing to 5 weeks after only 2 years


• 6 personal / sick days per year


• The opportunity to work in a young, vibrant and growing entrepreneurial business

Please note that we use AI in our recruiting process.