Residential Property Accountant

Sterling Karamar Property Management • Toronto, ON

11d • Onsite

About The Position

The Residential Property Accountant reports to the Manager, Residential Property Accounting, and is responsible for the full accounting cycle for a portfolio of residential real estate properties. This role involves providing essential assistance in reconciliations, reporting, and budgeting within the residential accounting function. As a Residential Property Accountant, you will play a key role in maintaining the department’s high standards for reporting and accounting. Success in this role requires strong analytical skills, attention to detail, and expertise in lease interpretation to ensure compliance with financial reporting standards and tenant obligations. The Residential Property Accountant will be an active contributor in identifying and recommending enhancements to accounting systems and workflows, with a focus on automating manual tasks and streamlining processes reliant on Excel documents. Their efforts will aim to improve efficiency, accuracy, and the adoption of best practices within the team.

Requirements

• Bachelor’s degree in Business, Finance, Accounting, or a related field
• 2+ years of experience in residential property accounting
• Exceptional communication and interpersonal skills to collaborate effectively with internal teams and external stakeholders, including property managers, tenants, vendors, and clients
• Strong analytical and problem-solving skills
• High attention to detail and accuracy in financial reporting and reconciliations
• Proficiency in Excel and other software such as Adobe, Word, PowerPoint, etc.
• Ability to work independently and as part of a team, balancing priorities and ensuring deadlines are met
• Commitment to SKPM values: Honesty, Integrity, Respect, Trust

Nice To Haves

• Professional accounting designation or working towards is an asset
• Experience working with Yardi Voyager is an asset

Responsibilities

• Prepare month-end reporting, bank reconciliations and general ledger accuracy, ensuring proper reconciliation of financial accounts while meeting all reporting deadlines
• Prepare cash flow forecasts, ensuring timely projections as well as funding distributions and contributions and monitoring cash balances to prevent overdrafts
• Collaborate with operations and property administration teams to ensure budgets are completed accurately and submitted on time
• Prepare year-end working paper files, ensuring accuracy and completeness of financial statements and comparative analyses
• Coordinate with auditors by providing necessary backup documentation, addressing audit queries, and ensuring compliance with audit requirements
• Assist with recording asset acquisitions, dispositions, sales transactions, and opening balances
• Support the onboarding and transition of properties by gathering financial data, ensuring seamless integration into accounting systems, and reconciling records for outgoing properties
• Attend client meetings, as needed, address financial inquiries, and ensure clients’ needs are met professionally and effectively

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1-10 employees