Overview of Role

The Manager of Finance will oversee the financial operations of Royal LePage Corporate Brokerage as well as financial services provided to our Agent Corporations. This role manages all aspects of financial accounting, financial reporting, accounts payable and accounts receivable. This role maintains strong financial controls, operational efficiency and supports the brokerage’s strategic initiatives.

Accountabilities

Accounts Payable Management:

Oversees the processing of all vendor invoices, payment approvals and disbursements.
Ensures timely and accurate payment of vendor invoices through EFT, wire transfers and cheque runs.
Ensures strong internal controls, proper coding of expenses, and adherence to company policies.

Accounts Receivable Management:

Manage the invoicing, collection and reconciliation of brokerage receivables including agent receivables, credit cards and pre-authorized payment processes.
Ensure accurate and timely recording of all incoming payments, deposits, and commissions.
Monitor aging reports and collaborate with agents or clients to resolve outstanding balances, working closely with the branch management team to reduce any agent arrears.
Enhance collections through proactive monitoring of uncovered balances.

Financial Reporting (Month-End, Quarter-End, Year-End):

Lead month-end, quarter-end and year-end close processes, ensuring the accurate and timeliness of all financial statements.
Prepare and present variance analyses and financial performance reports to senior management.
Review journal entries, including allowances for doubtful Realtor accounts, fee recoveries, and accruals of revenues and expenses.
Conduct secondary reviews of fee reconciliations and other financial reconciliations as needed.
Collaborate with the audit team for quarterly and annual audits, ensuring compliance with IFRS/GAAP standards.

Realtor Contract Management:

Oversee the accuracy of compensation plans, commission calculations, and payouts.
Conduct regular reviews and audits of compensation-related data to ensure correct payment in accordance with agreements.

Internal Control & Compliance:

Ensure internal controls across treasury, purchasing, payables, and month-end processes, including timely secondary review and approval.
Develop and enforce internal control procedures to safeguard the company’s financial assets.
Ensure compliance with relevant financial regulations, including tax filings, GST/HST remittances, and real estate-specific laws.
Review and update internal accounting policies and ensure all financial operations are in accordance with company standards.

Leadership & Development:

Supervise and mentor the Accounts Payable, Accounts Receivable and Senior Accountants, providing one-on-one coaching, mentorship, and technical training to foster professional growth and development.
Supervise and mentor accounting staff, including AP, AR and Senior Accountants.
Conduct frequent checkpoints with team and support staff in their professional growth and development.
Ensure smooth workflow, proper delegation of tasks, and adherence to deadlines.

Skills

Self-motivated and proactive, with strong prioritization and workload management skills.
Detail-oriented, with the ability to critically review work for accuracy and completeness.
Calm and organized under pressure, maintaining professionalism in fast-paced environments.
Analytical thinker, capable of handling complex financial and accounting concepts, identifying issues, and proposing solutions.
Strong communicator, adept at tailoring written and verbal communication to various stakeholders.
Process improvement mindset, constantly seeking opportunities to enhance efficiency.

Qualifications & Knowledge

CPA designation required
Minimum 7 years of relevant accounting experience, including expertise in IFRS, budgeting, forecasting, variance analysis, and financial analysis.
Proven people management experience.
Advanced proficiency in Microsoft Excel (including VLOOKUP, pivot tables, and macros) and other Microsoft Office tools, as well as the Google Suite platform.
Bachelor's degree in Commerce, Accounting or Finance.
Experience in real estate brokerage accounting, LoneWolf Back Office, and Microsoft Great Plains is an asset.

Last reviewed and updated HR10112024

Job Types: Full-time, Permanent

Pay: $80,500.00-$120,700.00 per year

Benefits:

Company events
Dental care
Disability insurance
Employee assistance program
Extended health care
Life insurance
On-site gym
On-site parking
Paid time off
RRSP match
Vision care
Wellness program
Work from home

Schedule:

8 hour shift
Monday to Friday

Application question(s):

Do you have experience using LoneWolf Back Office?
Do you have experience using Microsoft Great Plains?

Experience:

Accounting: 5 years (required)
real estate brokerage account: 1 year (preferred)

Licence/Certification:

Chartered Professional Accountant (required)

Work Location: Hybrid remote in Toronto, ON M3C 3K5

Royal LePage Real Estate Services

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Finance Manager