My Client is seeking a Residential Property Accountant who will be responsible for organizing the full accounting cycle for a portfolio of real estate properties. This responsibility includes analysis and research to provide the organization with high quality accounting information.
Main Responsibilities:
▪ Prepare month-end journal entries and maintain monthly bank reconciliation, general ledger
reconciliations to the sub ledger: cash, accounts receivable, inter-company balances, prepaid
expenses, fixed assets, accrued expenses and liabilities.
▪ Organize full accounting cycle for real estate properties.
▪ Prepare monthly operating income statements and balance sheets for all Company owned and
third-party residential properties with supporting schedules and submit to operation department
for review.
▪ Prepare budget template including previous year’s budget and current year forecast to Property
Managers and assist Property Managers and Senior Accountants in preparing each property’s
yearly budgets.
▪ Prepare year-end working paper files, provide auditors with financial statements, comparative
analyses, sub ledger schedules, back ups.
▪ Assist in audit of residential properties.
Transactions for new or sale properties:
▪ Ensure all transactions are recorded, including asset purchases / sales of land / building; SOA;
monitor post-closing to be completed within the timeframe dictated by the purchase and sale
document.
Monitoring Accounts Receivable (A/R), Accounts Payable (A/P):
▪ Oversee A/R and A/P including review cash requirement reports and reconcile tenant statements.
Monitor banking deposits and daily balances.
▪ Monitor operational expenses on a monthly basis by performing variance analysis.
▪ Review and initial residential expenditures including allocation to appropriate property and
expense account.
Bank reconciliation process:
▪ Daily/weekly/monthly bank reconciliations for Residential banking accounts and tenant refund
banking account.
▪ Liaise with property administrators and property managers.
▪ Maintain third party property files to include mortgage schedules, insurance liability schedules,
capital item warranties and revenue contracts.
▪ Take initiative to propose improvements of the accounting process or management of the flow of
information to Senior Accountant.
Scope:
Fulfill all responsibilities and activities in close cooperation with other Property Accountants, A/P Clerks,
Property Administrators and Property Managers.
Qualifications:
▪ College/University degree in Accounting, Finance or related field required.
▪ CPA designation or in progress required.
Experience
▪ 3 to 5 years of accounting experience in Residential property management.
▪ Minimum of 1-year experience working with Yardi Voyageur.
Skills and abilities
▪ Support our company’s values: Honesty, Integrity, Respect, Trust
▪ Possess strong analytical and problem-solving skills.
▪ Maintain precise attention to detail.
▪ Possess strong computer skills; advanced in excel.
▪ Provide excellent communication and customer service.
▪ Takes initiative.
▪ Able to be a self-starter with ability to work independently, as well as part of a team.
▪ Provide good cooperation (easy going, supportive) with all members of the accounting team, with
other departments and with clients (including their financial institutions, auditors and staff).
Resumes to : Devike.soundranayakam@Professionalstaffing.ca
