Senior Property Accountant – Real Estate

Fengate Asset Management; Oakville; On-site; CAD 70,000 - 100,000; Full time

Job summary

Fengate Asset Management is seeking a Senior Property Accountant in Oakville to manage full-cycle accounting for a portfolio of income-producing properties. You will collaborate with Leasing, Property Management, and Asset Management teams to ensure accurate financial statements and timely reporting.

The role requires a background in real estate accounting, strong ownership, and the ability to multitask in a fast-paced environment, with exposure to CAM, budgeting, and year-end processes.

Qualifications

• Undergraduate degree in accounting, finance, or related discipline.
• CPA designation or pursuing designation is an asset.
• Strong time management and attention to detail; ability to meet tight deadlines.

Responsibilities

• Prepare IPP portfolio full cycle day-to-day accounting entries, accruals, and reconciliations.
• Review monthly financial statements and variances with property management.
• Assist in annual operating budget and CAM reconciliations.
• Oversee lease setup and recovery models for new tenants.
• Coordinate with property management, leasing, and other departments on daily operations.
• Support year-end cost statements and audits; perform ad hoc tasks.
• Identify process improvements and leverage technology including AI-enabled tools.

Skills

Time management

Communication

Detail oriented

Multitasking

Teamwork

Education

Bachelor's degree in accounting or finance

CPA candidate / designation an asset

Tools

Yardi

Excel

Job description

COMPANY OVERVIEW

Fengate Asset Management is a leading alternative investment manager focused on infrastructure, private equity, and real estate strategies. Founded in 1974 in Hamilton, Ontario, and with over 250 team members across Canada and the U.S., Fengate is one of the most active real asset and growth equity investors in North America. The firm currently manages over C$10 billion in capital commitments in support of more than C$40 billion in gross asset value, on behalf of over 60 institutional investors across North America, Europe, and Asia.

The firm believes that acting responsibly to its stakeholders and communities is fundamental. Fengate is a signatory of both the Institutional Limited Partners Association (ILPA) Diversity in Action initiative and the United Nations-supported Principles for Responsible Investment, integrating environmental, social and governance (ESG) principles into all stages of the firm’s investment process. In 2021, Fengate established its ESG Committee and its EBID (Equity, Belonging, Inclusion and Diversity) Think Tank, consisting of leaders and employees of all backgrounds and levels throughout the firm, to advance and govern the ESG and EBID objectives.

Fengate has achieved Platinum Club member status as one of Canada’s Best Managed Companies, retaining this designation since 2007, and has been certified as a Great Place to Work®. Over the past year, Fengate was named one of Canada’s Best Workplaces™ (#4 for companies with 100-999 employees) and as a Best Workplace™ for Financial Services & Insurance, Inclusion, Women, Today’s Youth, Mental Wellness, Giving Back, and Most Trusted Executive Teams.

The firm has also been recognized with Waterstone Human Capital’s 2022 Most Admired Corporate Cultures™ award. This program recognizes best-in-class organizations for having cultures that have helped them enhance performance and sustain a competitive advantage. Only 50 organizations are awarded this prestigious corporate culture award each year.

OPPORTUNITY

The Senior Property Accountant will report to the Manager of Property Accounting, Real Estate. The individual will be responsible for all accounting and reporting for a portfolio of Fengate’s income producing properties (IPP). Outside of finance, this role will have the opportunity to interact closely with Leasing, Property Management, and Asset Management teams.

The successful individual should have property accounting experience within the real estate organization with a diverse portfolio mix (e.g. Office, Industrial, and Retail). The successful candidate will be a self-starter and genuinely curious; that enjoys working in a fast-paced environment; can multi-task, efficiently prioritize and work under timelines and manage multiple stakeholders; is detail and process oriented with a high sense of ownership in their work; and has a strong foundation of accounting and reporting.

KEY RESPONSIBILITIES

• Responsible for preparation of an IPP portfolio full cycle day-to-day accounting which includes: preparation and review of journal entries, accruals, reviewing accounts payable, preparation of bank reconciliations, HST reconciliations, and balance sheet account reconciliations

• Collaboration with property management on the review and commentary of monthly financial statements and financial reports, as well as monthly variance analysis and discussion to support actual to budget variances for assigned properties.

• Creation of annual operating budget and tenant prebill setup

• Review and approval of CAM reconciliations for properties

• Key liaison with property management, leasing and other departments pertaining to daily operations

• Oversee lease setup and recovery models for newly acquired tenants

• Assist with year-end operating cost statement audit and other ad hoc tasks as required

• Identify and implement process improvements, including the effective use of technology and AI-enabled tools (ie. Microsoft Co-Pilot), across different areas of scope

KEY QUALIFICATIONS

• Undergraduate degree in accounting, finance, or other relevant technical discipline

• 3-5 years of progressive accounting experience within the real estate industry

• CPA Designation or working towards obtaining a designation is an asset

• Excellent time management skills, ability to meet tight deadline and attention to details

• Intermediate to advanced Excel skills

• Excellent verbal and written communication skills

• Experience with Yardi or other real estate centric ERP is preferred

CORE COMPETENCIES

• Being Authentic – Inspiring trust and being courageous.

• Focusing on Performance – Being accountable and driving results.

• Understanding Stakeholders – Knowing the needs of those who rely on you.

• Building Effective Relationships – Collaboration and communication.

Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace. It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in.

We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs.

We thank all applicants for their interest in this position; however only candidates selected for an interview will be contacted.