Senior Property Accountant

Allied • Toronto, ON

31d • $83,000 - $95,000

About The Position

Manage the full accounting cycle for a portfolio of commercial properties. As Senior Property Accountant, you will perform a broad range of accounting responsibilities to ensure accurate financial reporting and support informed financial decision-making.
Reporting to the Senior Manager, Property Accounting, you will collaborate across the organization to support property-level accounting, financial reporting and operational insights, contributing to the financial performance of Allied’s portfolio.

Requirements

• 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.
• 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.

Nice To Haves

• Yardi and Joint Venture experience is preferred.

Responsibilities

• 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.

Benefits

• Eligible employees participate in performance-based bonus programs and a retirement savings program, with the option to invest in traditional funds or Allied units.
• In addition to vacation, employees receive six personal days and half-days before statutory holidays.
• Comprehensive, company-paid health benefits include vision and dental coverage, along with a healthcare spending account.
• An employee assistance program is available to provide confidential support when it is needed.
• Employees are encouraged to contribute beyond the boundaries of their role, collaborate across disciplines and develop a broad understanding of the business.
• Ongoing professional development and a mentorship program support growth through structured learning and day-to-day engagement with experienced colleagues across the organization.
• Each year, employees are provided with a paid volunteer day to contribute time and effort to a cause that is personally meaningful to them, reflecting our belief that contribution extends beyond the workplace.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree