Ref ID: 05050-0011408438
Classification: Intermediate Accountant
Compensation: $55000.00 to $65000.00 yearly
Our client a large property and real estate developer, located in the heart of Toronto is looking to hire a Corporate Accountant to join their team. The role of the Corporate Accountant will be flexible, dealing with many aspects of the accounting and financial reporting of the company, and provide support to the VP of Accounting and CFO. The Corporate Accountant is expected to be able to handle communication with our investor partners, real estate brokers, lenders, property managers and other parties as required to complete the job requirements. You will
Duties and Responsibilities, but not limited to, are outlined as follows:
Prepare monthly, quarterly and annual financial reports (e.g. financial statements, supporting schedules, property analysis) in line with Investors and Owners policies and procedures.
Review monthly, quarterly and annual financial reports prepared by Property Managers and resolve any accounting issues noted.
Support the Asset Management team in their review and understanding of the financial information.
Review various control processes established with the property managers to ensure operating effectiveness on a periodic basis.
Work closely and communicate openly with Asset Managers, Property Managers, Property Accountants, Investors and other outside parties to ensure compliance with established accounting and internal control procedures to ensure accuracy of financial information.
Coordinate with external and internal auditors obtaining, preparing and providing necessary supporting files, calculations, etc. and addressing any financial audit issues and requirements at the property level.
Prepare a variety of quarter review and year-end audit work papers.
Prepare and review monthly bank reconciliations for corporate and property operating accounts, respectively.
Coordinate with designated bank liaison officers in addressing and resolving bank-related issues like NSF cheques, erroneous bank deposits/debits, fund transfers, etc.
Record certain cash receipts in MRI.
Review and approve property-related invoices.
Review and augment cash position schedules prepared by PMs and manage the process of monthly fund distributions or cash calls.
Prepare HST monthly returns and any other required quarterly/annual state franchise tax returns.
Review, amend, and support as required various components of the property budgets.
Participate and annual budget meetings supporting the Asset Managers in their presentation of the budget.
Prepare and review operating costs and realty tax recoveries calculations (for operating budgets, quarterly and year-end audit accruals and annual tenant billings)
Assist in the preparation of variance analyses on the results of property operations on quarterly and annual reports.
Prepare and/or assist in the gathering of information relating to filing organizational documents on newly acquired properties.
Prepare and review mortgage amortization schedules and other loan related documents in compliance with loan agreements.
Present recommendations to promote and improve work efficiency and overall work conditions in the organization.