Property Accountant at Rhapsody Property Management Services

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

12 Jun, 26

Salary

65000.0

Posted On

14 Mar, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, Client Reporting, Property Accounting, Due Diligence, Financial Statements, Activity Analysis, Cash Management, Internal Controls, GAAP, Microsoft Office, Analytical Skills, Decision Making, Professional Skepticism, Audit Review, Accounting Policies

Industry

Real Estate

Description

Property Accountant The Role The Property Accountant is responsible for all aspects of property level financial reporting for an assigned portfolio within Client Reporting. The position works closely with Property Managers, Property Directors, and clients, and may take direction from the Controller, or Senior Vice President. A successful Property Accountant uses sound judgement and due diligence while ensuring the timeliness and accuracy of financial reporting to the client. Come Join Rhapsody At Rhapsody, we’ve built our company culture around our core values of Respect, Integrity, Dedication and Transparency. Every team member plays a vital role at Rhapsody, so we provide them with the training, support and tools needed for success. Rhapsody offers exceptional career paths and joining our team can lead to an exciting and fast-paced career. We are looking for true team-players who want to learn and advance in the industry.  We offer a total compensation and benefits package to help with your needs today and build for your future tomorrow. Rhapsody values diversity and is committed to equal opportunity in employment. At Rhapsody, success is about more than having a healthy bottom line, and we are committed to making Rhapsody an amazing and unique place to work for each member of our team.  Essential job functions: RELATIONSHIPS * Collaborates with Property Managers, Property Directors, Asset Managers, and clients on properties within assigned portfolio to ensure activity is recorded and reports are prepared in agreement with client requirements and the applicable accounting principles. * Provides direction and support to site-level team members within assigned portfolio to ensure activity is recorded in agreement with client requirements and the applicable accounting principles. * Monitors and measures performance of property-level team members within assigned portfolio and communicates such performance to the respective Property Directors. * Performs the duties of team accountants as required (in their absence). REPORTING * Supports and enforces company and accounting policies as well as all applicable federal, provincial and local statutes and regulations. * Prepares financial statements for an assigned portfolio in agreement with client requirements and the applicable accounting principles. * Analyzes property-level activity and financial reports to identify and correct irregularities as well as ensure accurate representation of the property’s operational and financial position. * Monitors trust and partnership accounts, as well as manages cash needs, cash disbursements, and transfers between properties. Reports cash deficits to Property Directors, Portfolio Manager, and client as required. * Performs (or assists with) the accounting setup of newly acquired properties or final accounting of lost properties, as assigned. * Reviews 3rd party audit findings for accuracy and reasonableness. * Performs special projects and research as assigned. Success Factors * Supports and enforces internal controls established by the department and company and discloses any weaknesses relating to such controls or the lack thereof. * Promotes and applies quality measures and standards within all areas of responsibility to support the company’s mission, vision, and core values. * Exercises professional skepticism in analyzing financial information in an effort to mitigate or detect fraudulent activity. * Ensures the timely payment of all critical payments including, but not limited to, mortgages, property taxes, property insurance, and owner distributions. * Monitors business transactions related to Rhapsody for irregularities and reports findings as necessary. * Reviews and interprets Property Management Agreements for billable services. * Continually seeks to identify innovative strategies for increasing department efficiencies and reducing expenses. Skills and Experience: * Bachelor’s degree in Accounting or other comparable business-related degrees. * 1+ years’ experience in Property Accounting. * Minimum of two years in a full cycle accounting role. * Experience with Yardi Voyager considered an asset. * Aptitude to analyze financial data with the ability to recognize trends and identify irregularities. * Capable of making sound decisions with minimal supervision or direction. * An analytical background with a thorough knowledge of accounting principles. * Ability to exercise independent judgment relative to the timeliness, recognition, and classification of transactions in accordance with GAAP. * A functional understanding of current accounting software and Microsoft Office products. * Ability to provide professional support for an assigned team and cultivate value, trust, and positive relations among team and individuals.

Responsibilities

The Property Accountant is responsible for all aspects of property-level financial reporting for an assigned portfolio, collaborating closely with Property Managers, Directors, and clients to ensure accuracy and timeliness according to client requirements and accounting principles. Key duties include preparing financial statements, analyzing property activity to correct irregularities, monitoring trust and partnership accounts, managing cash needs, and ensuring timely payment of critical obligations.