Senior Property Accountant

at  Triovest Realty Advisors Inc

Join Triovest, one of the largest privately-owned Canadian commercial real estate companies, as a Senior Property Accountant at our Toronto office located at 130 King St West, Toronto. The successful candidate will manage the full accounting cycle for a portfolio of commercial properties including general ledger accounting, preparing financial statements, reviewing financial statement results, preparing analysis on the assigned portfolio and providing accounting support to internal teams.

QUALIFICATIONS & ATTRIBUTES

• Bachelor’s degree in Accounting, Finance, or related field.
• Completion of or working towards a CPA designation.
• Minimum 3-5 years of progressive Property Accounting experience in commercial real estate, including a strong understanding of CAM and Tax recovery concepts and practical applications for office, retail and mixed use portfolios.
• Proven financial analytical skills.
• Excellent knowledge and experience related to technology and accounting systems in a real estate environment (Yardi preferred).
• Advanced Microsoft Excel skills and proficient with Microsoft Word and Outlook.
• Excellent communication and interpersonal skills to effectively collaborate with diverse stakeholders and cross-functional teams.
• Strong interpersonal skills with the ability to deal effectively and professionally under pressure or in stressful situations.
• Excellent time management and organizational skills and the ability to manage conflicting priorities within structured deadlines and deliverables.
• Detail-oriented with a commitment to producing high-quality documentation and deliverables.
• Self-motivated and proactive in staying up-to-date with technology trends and advancements.
• Must be inclusive and supportive of the diversity within the Triovest team.

• Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow statements, for assigned portfolio.
• Collaborate with property management teams to develop and maintain property budgets and forecasts, tracking performance against financial goals.
• Conduct comprehensive analysis of all capital costs incurred by properties, ensuring proper documentation and reporting.
• Create and distribute quarterly financial reporting packages to clients, maintaining transparency and clarity.
• Identify and analyze variances between actual and budgeted financial results, providing explanations and recommendations for improvement.
• Maintain accurate general ledger accounts and perform monthly reconciliations.
• Prepare monthly journal entries, accounts receivable adjustments, and submit monthly tax reconciliations in a timely manner.
• Prepare monthly and annual Common Area Maintenance (CAM) and Realty Tax adjustments as required.
• Review leases to ensure accurate billing and compliance with financial terms.
• Coordinate and provide support during financial audits, responding to audit inquiries and ensuring compliance with industry standards and regulations.
• Collaborate with property managers to address tenant queries and financial concerns promptly and professionally.
• Prepare year-end audit working paper files with supporting schedules to facilitate the auditing process.