Property Accountant

at  PropertyWright Management Inc

JOB SUMMARY

We currently have a Property Accountant position available for a mixed portfolio of Condominium Corporations.
Property Accountant reports directly to the Accounting Manager and is assigned a portfolio of properties. The Property Accountant is responsible for the accurate recording of all accounting transactions and timely preparation of all financial statements. He/she ensures that the accounting procedures conform to the Generally Accepted Accounting Principles of Canada and comply with the Condominium Act, 1998 and company’s policies and procedures.
The Property Accountant is required to work independently with the least amount of supervision. The Property Accountant is expected to develop a good working rapport with owners and trades. A diplomatic professional attitude must be maintained at all times when dealing with the public and owners of the Corporation.
The successful candidate will have 2+ years of experience in Condominium Management, post-secondary education, advanced knowledge of computer software and good communication skills.

Below are the outlines of the Property Accountant responsibilities (including but not limited to):

• Prepare and send to Condominium Managers/Accounting Manager the Condominium Corporations’ monthly financial statements on or before the 15th day of each month.
• Prepare Condominium Corporations’ bank reconciliations.
• Review the accounting records/transactions and make correction/adjustments if necessary. Report to the Accounting Manager on any abnormalities noticed.
• Assist Condominium Managers in preparation of the annual budget by providing data, analysis and reports as required.
• Post Condominium Corporation’s approved budget in the system.
• Process month and year end periods in the accounting software, including any changes in utility setups.
• Give full support/assistance to the Accounting Manager.
• Monitor the financial positions of the properties and report to the Condominium Managers of any abnormalities noticed.
• Review periodically the financial statements of all the properties to ensure the timely monthly reserve fund contribution, payment of all bills; the investments are in compliance with the Condominium Act, 1998.
• Ensure the invoice payments from the operating and reserve fund accounts are appropriate (in compliance with the expense nature as specified in the Condominium Act, 1998).
• Provide suggestions to Condominium Managers on the investment instruments/terms for Board of Directors to consider.
• Monitor and/or calculate charge backs, including Shared Facilities, commercial components, reciprocal agreements, utilities etc.
• Give full assistance to the Condominium Corporations/CRA Auditors in their course of auditing.
• Book audits, prepare audit documents and records, post audit adjustment entries.
• On taking over of new properties, ensure all documents are received. Review the accounts/documents and record into the system.
• Post opening balances for new Condominium Corporations.
• When turning over existing Corporations, ensure all records/documents are in good order and are forwarded in a timely manner to Senior Management, prior to being released to the new management company.
• Assist Condominium Managers/ Senior Management or other senior executives to prepare ad hoc reports.
• Assist Accounts Payable/Accounts Receivable Specialists to resolve any problems that may arise.
• Meet with Clients as required
• Track condominium corporation investments and make recommendations
• Track monthly utility usage
• Attend Senior Management Meetings as required.
• Perform other duties as may be required.

Application Process
Applicants should submit a résumé and cover letter outlining how they meet the specific requirements of the position.
Our company welcomes diversity in the workplace and encourages applications from all qualified applicants.
Interviews will begin as early as suitable candidates are identified. We thank all applicants in advance for their interest; however, only those invited to an interview will be contacted.
If you are passionate about accounting and ready to contribute your expertise to our organization, we encourage you to apply for this exciting opportunity as a Property Accountant.
Job Type: Full-time
Pay: $66,956.00-$70,399.00 per year

Benefits:

• Dental care
• Extended health care
• Paid time off

Flexible language requirement:

• French not required

Schedule:

• Monday to Friday

Education:

• Secondary School (preferred)

Experience:

• Accounting: 2 years (preferred)

Language:

• English (preferred)

Licence/Certification:

• accounting degree (preferred)

Work Location: Remote
Application deadline: 2025-01-28
Expected start date: 2025-02-0

• Prepare and send to Condominium Managers/Accounting Manager the Condominium Corporations’ monthly financial statements on or before the 15th day of each month.
• Prepare Condominium Corporations’ bank reconciliations.
• Review the accounting records/transactions and make correction/adjustments if necessary. Report to the Accounting Manager on any abnormalities noticed.
• Assist Condominium Managers in preparation of the annual budget by providing data, analysis and reports as required.
• Post Condominium Corporation’s approved budget in the system.
• Process month and year end periods in the accounting software, including any changes in utility setups.
• Give full support/assistance to the Accounting Manager.
• Monitor the financial positions of the properties and report to the Condominium Managers of any abnormalities noticed.
• Review periodically the financial statements of all the properties to ensure the timely monthly reserve fund contribution, payment of all bills; the investments are in compliance with the Condominium Act, 1998.
• Ensure the invoice payments from the operating and reserve fund accounts are appropriate (in compliance with the expense nature as specified in the Condominium Act, 1998).
• Provide suggestions to Condominium Managers on the investment instruments/terms for Board of Directors to consider.
• Monitor and/or calculate charge backs, including Shared Facilities, commercial components, reciprocal agreements, utilities etc.
• Give full assistance to the Condominium Corporations/CRA Auditors in their course of auditing.
• Book audits, prepare audit documents and records, post audit adjustment entries.
• On taking over of new properties, ensure all documents are received. Review the accounts/documents and record into the system.
• Post opening balances for new Condominium Corporations.
• When turning over existing Corporations, ensure all records/documents are in good order and are forwarded in a timely manner to Senior Management, prior to being released to the new management company.
• Assist Condominium Managers/ Senior Management or other senior executives to prepare ad hoc reports.
• Assist Accounts Payable/Accounts Receivable Specialists to resolve any problems that may arise.
• Meet with Clients as required
• Track condominium corporation investments and make recommendations
• Track monthly utility usage
• Attend Senior Management Meetings as required.
• Perform other duties as may be required