Senior Property Accountant
Toronto, Ontario
Finance and Accounting – Property Accounting /
Full-time /
On-site
Allied is looking for a Senior Property Accountant to join our Finance and Accounting team.
At Allied, everything starts with purpose. In the role of Senior Property Accountant, you will manage the full accounting cycle of a portfolio of commercial properties. This, in turn, allows Allied to make financial decisions that benefit our communities with accuracy and efficiency.
Who are you?
We are building upon our achievements at Allied, and the future is exciting. How can we be so sure? We have people like you—engaged, risk-takers who consistently deliver their best.
Throughout your career, you have stood out for your pursuit of excellence. You are self-motivated, take ownership, and lead by example. In doing so, you elevate your team and collaborate towards your collective goals.
Above all, you are excited by Allied’s mission and the contribution we make to cities and communities.
What will you do?
- Responsible for full monthly accounting cycle of a portfolio of commercial properties, including journal entries, bank reconciliations, HST remittances.
- Maintain fixed asset module and prepare amortization entries.
- Prepare monthly operating costs and tax recovery estimates and maintain tenant recovery setup using Yardi.
- Perform Recovery Calculation, analyze recovery ratio and prepare shortfall analysis.
- Review and analyze financial statements and perform variance analysis.
- Analyze, reconcile, and maintain monthly working papers for balance sheet accounts.
- Ensure all reporting deadlines are met and accounting practices align with accounting policies and internal procedures.
- Prepare final annual operating costs and tax recovery adjustments and billings, including preparing CAM audit statements.
- Perform Joint Venture related tasks: cash flow analysis, management reports and responding to co-owner queries on a timely manner.
- Perform full cycle quarterly forecast and annual budget.
- Assist with audit queries, property appraisals and property tax appeals as needed.
- Assist with ad hoc projects as required.
What are we looking for?
- University degree or College diploma in Accounting or related field.
- Accounting designation or enrolled in an Accounting designation program.
- Minimum 2-3 years of experience in Commercial property accounting or in the real estate industry.
- Advanced MS Office skills; especially in Excel and Word.
- Yardi and Joint Venture experience is preferred.
- An assertive self-starter with the ability to work independently under minimal supervision.
- Strong interpersonal skills, proven ability to build relationships and effectively collaborate in a team environment.
- Strong analytical, problem-solving and time management skills, high level of attention to detail and ability to work under tight deadlines.
Who are we?
Allied Properties REIT (TSE:AP.UN) is a leading owner and operator of distinctive urban workspace in Canada’s major cities. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
We are also a great place to work. Allied is listed as a 2023 Best Employer in Canada as part of Kincentric’s Best Employers global certification, which distinguishes organizations that demonstrate strong results in employee engagement, organizational agility, engaging leadership and talent focus.
We are committed to hiring the most qualified candidates with a dedication towards supporting diversity, equity and inclusion across our organization. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, origin, sexual orientation, disability and socioeconomic background.
Note: If you require any form of accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.
