Senior Property Accountant

Pier 4 Ltd•Toronto, ON

29d

About The Position

At Pier 4 we're not just hiring, we're building something great. We are looking for individuals who want to be part of our exciting journey. Pier 4 is a Real Estate Investment Trust focused on acquisition of multi‐family residential properties. The Trust’s portfolio currently spreads across three provinces and is driven by a passion for real estate, compounded with years of industry experience. We have been recognized by the Globe & Mail Report on Business as one of Canada’s Top Growing Companies in 2024 & 2025. We offer a total compensation and benefits package to help with your needs today and build for your future. Pier 4 values diversity and is committed to equal opportunity. At Pier 4, success is about more than having a healthy bottom line, and we are committed to making Pier 4 an amazing and unique place to work for each member of our team. We are a certified Great Place to Work®. Position Overview Reporting to the Manager, Finance, the Senior Property Accountant role is responsible for accounting functions related to multi-family real estate properties and corporate entities. The Property Accountant will have constant interaction with property managers, vendors, and the REIT’s management team. Responsibilities include general ledger accounting, preparing financial statements, reviewing financial statement results, preparing analysis on an individual and/or consolidated portfolio basis, ensuring regulatory compliance and providing accounting support to all aspects of the Company.

Requirements

University Degree in Finance or Accounting
Minimum 2 years experience in property accounting, bookkeeping, or with a professional accounting firm
Strong computer literacy with experience in the use of MS Office programs, project management tools with strong tech skills are a must
Professional accounting designation (i.e., CPA), or actively enrolled in the CPA program, is mandatory
High level of attention to detail and accuracy
Ability to respond to periodic intensive workloads
Strong organizational skills and ability to efficiently multi-task and prioritize work
Demonstrate ability to communicate and interact effectively at all levels of the organization
Excellent written/verbal communication skills to compose a variety of correspondence and ensure accuracy of material

Nice To Haves

Experience with Yardi considered an asset
Experience and understanding of IFRS considered an asset

Responsibilities

Recognize when to adjust for material items and / or explain material variances
Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way
Prepare and record operating costs and realty tax adjustments monthly through ratios and full recovery reconciliations
Compile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputes
Complete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset
Prepare and post journal entries for all property operations (i.e., revenue, expenses)
Plan and prepare month-end reporting periods (pre-booking journal entries, accruing revenue for management fees, etc.).
Review lease summaries for accuracy (i.e., rental rates, move in dates) and proper accrual of tenant revenue not set up in Yardi
Prepare month-end reporting packages
Budget re-forecasting and variance analysis
Help prepare and respond to inquiries for the interim and annual audits
Monthly generation, posting and review of expense accruals
Provide ongoing training / assistance for team members as required
Other duties / projects as assigned
Work with the full accounting cycle, including daily bank reconciliation, journal entries, general ledger, recovery, accounts payable, accounts receivable, year-end billing processes
Timely and accurate preparation of monthly account analysis, reconciliations and property files; analysis while investigating the cause of variances and propose trouble-shooting solutions
Prepare year-end audit package and entity financial statements and liaise with external auditors
Preparing intercompany reconciliation statements and ensure all accounting records related to all properties are kept up to date in the financial reporting system within guidelines
Review and analyze financial information and process the information efficiently and take appropriate actions with minimal supervision to address and resolve the matters
Facilitate monthly cheque runs for vendors
Liaison with property managers to discuss rent arrears, expenses, new tenants, etc.
Assist with future migration/automation of financial reporting software