Senior Property Accountant

Choice Properties; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading company in the real estate sector is seeking a Senior Property Accountant to join their dynamic team in Toronto. This role involves analyzing financial results for a commercial real estate portfolio, preparing financial statements, and collaborating across departments. Ideal candidates will have recent accounting experience, a CPA designation, and strong analytical skills, contributing significantly to the organization's success.

Qualifications

• 3 to 5 years of experience in real estate accounting and reporting.
• Experience in retail/commercial property accounting preferred.
• Strong proficiency in Microsoft Excel.

Responsibilities

• Review and analyze consolidated rent, expenses, and recovery ratios.
• Prepare tax financial statements and support working papers.
• Assist in preparation of quarterly forecasts and annual budget.

Skills

Analytical Skills

Communication Skills

Attention to Detail

Interpersonal Skills

Education

Post-secondary degree in Accounting, Business, Economics, Real Estate, or related field

CPA (CGA, CMA, CA) designation

Tools

Microsoft Excel

JD Edwards (JDE)

Job description

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

Senior Property Accountant

Choice Properties is looking for an analytical, resilient, and adaptable Senior Property Accountant to join our fast-paced and evolving team! Reporting to the Senior Manager, Property Accounting, this role will be responsible for reviewing and analyzing the month end financial results for the Commercial Real Estate Portfolio at Choice Properties.

Responsibilities:

• Review and analyze consolidated rent, expenses, and recovery ratios for the region.
• Oversee the set up and accuracy of straight line rent set up.
• Prepare and present detailed analysis of major Net Operating Income (NOI) variances by region.
• Assist in preparation of Statement of Adjustment (SOA) and transaction journal entries.
• Prepare tax financial statements and supporting working papers.
• Assist in preparation of quarterly forecasts and annual budget.
• Liaise with other departments including Finance, Asset Management, Leasing, and Tax to ensure they are receiving responsive service as well as provide assistance as necessary.
• Assist with ad-hoc projects, as required.

Qualifications:

• A post-secondary degree specializing in Accounting, Business, Economics, Real Estate, or a related field.
• Minimum of 3 to 5 years of experience within real estate accounting and reporting; preferably retail/commercial property accounting experience.
• CPA (CGA, CMA, CA) designation completed preferred.
• Strong proficiency in Microsoft Excel and working knowledge of Word and Outlook.
• JD Edwards (JDE) and GSS experience preferred.
• Excellent interpersonal and communication skills, both written and verbal, with the ability to collaborate effectively across all levels of the organization.
• Strong analytical and accounting skills with excellent attention to detail.
• A self-starter with the ability to work independently and as part of a team.
• Ability to adapt to new challenges and prioritize tasks in a fast-paced, evolving environment.

About Choice Properties:

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centers and stand-alone supermarkets.

Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through high quality transactions, strategic development and active property management. We mainly focus on necessity-based retail, and high-quality industrial and mixed-use assets. In particular, we have a strategic relationship with Loblaw, our largest tenant, that provides us with access to high quality investment opportunities.

Our established operating platform with a proven track record of success also provides us with access to a transformational development pipeline that we believe supports superior long-term value creation and growth. A commitment to continuous learning and development is a strong part of our culture.

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.

Number of Openings:

1

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