Senior Property Accountant

Marcon Construction; Vancouver; On-site; CAD 90,000 - 110,000; Full time

Job summary

A leading real estate company in Vancouver is seeking a Senior Property Accountant to oversee financial accounting for a diverse portfolio of properties. The ideal candidate has a CPA designation and a strong background in property accounting, particularly with Yardi. Responsibilities include preparing financial statements, managing budgets, and collaborating with various teams. This role offers a competitive salary range of $90,000 to $110,000 annually, along with excellent benefits.

Benefits

Competitive salary

Pay-for-performance bonuses

Family health benefits

RSP matching

Employee recognition programs

Qualifications

• Minimum 4 years of experience in Property Accounting in residential and commercial real estate.
• Excellent knowledge of technology and accounting systems in a real estate environment.
• High-level of attention to detail and ability to work under pressure.

Responsibilities

• Lead the full cycle day-to-day accounting process for the IPP Portfolio.
• Prepare monthly, quarterly and annual financial statements.
• Collaborate in developing annual budgets and forecasts.

Skills

Property Accounting

Yardi

Attention to detail

Microsoft Excel

Budget performance monitoring

Education

Bachelor's Degree in Accounting or Finance

CPA designation

Job description

Overview

We are in search for an experienced and highly competent Senior Property Accountant to join our growing IPP (Income Producing Property) team! This role will be based out of our Downtown Vancouver Office. The Property Accountant will play a pivotal role in establishing and building out new processes and onboard new systems for a diverse portfolio of income-producing properties and future development projects. This individual will report directly to the Director, Corporate Accounting and have frequent interactions with the VP of IPP & Hospitality, Asset and Property Management, and Leasing teams. The Property Accountant will be responsible for overseeing all aspects of financial accounting, reporting and analysis related to the assigned property portfolio.

About Us

Many people will spend their lives in a Marcon home, so we have to build it right, every time. Founded in 1985, Marcon is an established real estate company specializing in acquiring, developing, building and managing properties across Metro Vancouver. A focus on quality and craft is what the business was built on, giving us a trusted name in the construction community. These principles have remained a focus as we\'ve expanded into the real estate development and operations space, managing our own projects from conception through to execution, completion, and more recently ongoing management.

We have a commitment to providing elevated experiences at every touch point between our people, our buildings, and our communities. None of this is possible without a hardworking team, working together, to make it all happen. That\'s why we\'re looking for people who are eager to join an intelligent and motivated team to create something bigger than themselves and build communities that will impact a neighbourhood in infinite ways.

About the role

• Lead the IPP Portfolio (residential, commercial and hotel) full cycle day-to-day accounting process including: creation and review of journal entries, rent collections, management of Accounts Payable and Accounts Receivables, bank reconciliations, vendor payments, GST / PST reconciliations and balance sheet reconciliations.
• Prepare monthly, quarterly and annual financial statements for a portfolio of residential, commercial and hotel properties ensuring compliance with accounting standards and company policies.
• Lead the Common Area (CAM) reconciliation and Property Tax adjustment processes for commercial properties ensuring accurate allocation of expenses among tenants. Calculate recoveries over / under billing based on year-to-date actual occupancy and costs.
• Review and interpret Leases to ensure accurate billing and compliance with financial terms.
• Assist in tenant set up in Yardi (including recovery modeling) and prepare lease analysis abstracts / memos.
• Collaborate with the Property, Leasing and Asset Management teams in developing annual budgets and forecasts. Monitor budget performance and provide variance analysis on a monthly basis.
• Create and maintain, in collaboration with Property Management, detailed capital expenditure schedules for recoverable and non-recoverable projects.
• Prepare property tax, vacancy tax and any other related tax compliance filings.
• Assist in external audit process and provide required documentation to auditors ensuring compliance with industry and governmental regulations.
• Support internal inquiries from various departments including Finance, Investments and Acquisitions, C-suite by providing documentation and explanations related to property financials.
• Participate in special projects and initiatives as it relates to building out and creating new internal property accounting processes, systems and controls.

About you

• Bachelor\'s Degree in Accounting, Finance or related field.
• Completion of a CPA designation.
• Minimum 4 years of experience in Property Accounting in residential and commercial real estate.
• Excellent knowledge and experience related to technology and accounting systems in a real estate environment with Yardi experience strongly preferred.
• High-level of attention to detail and ability to work under pressure with competing deadlines.
• Ability to multi-task and apply judgement in prioritization of work tasks and projects.
• Creative and proactive - highly important for candidate to have a "can-do-attitude" to help build out and set up various processes and systems for a new platform.
• Advanced Microsoft Excel skills, with proficiency in Microsoft Word and Outlook.

What we offer

Marcon is committed to building an inclusive, inspired, high-performance team culture, where our Core Values of Safety, Integrity, Teamwork, Passion, and Excellence guide how we show up every day. If you are at the top of your game or want to find an environment to push you to it and if you want to find like-minded teams that strive for innovation and continuous improvement, we want to hear from you! Our competitive compensation package has been designed to reward our employees\' skills, competencies and performance that align with our culture. The compensation range for this role is $90,000 to $110,000 annually, depending on the candidate\'s experience and qualifications. Coupled with this base salary, we offer pay-for-performance bonus programs, excellent family health benefits, RSP matching, employee recognition programs and plenty of opportunities to socialize, have fun and build genuine relationships.