Commercial Property Accountant

Purpose

The Commercial Property Accountant reports to the Manager, Commercial Property Accounting, and is responsible for the full accounting cycle for a portfolio of commercial real estate properties. This role involves providing essential assistance in reconciliations, reporting, and budgeting within the commercial accounting function.

As a Commercial 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.

Process Improvement and Innovation

The Commercial 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.

 

Responsibilities

Financial Reporting & Cash Management

• Prepare month-end reporting, bank reconciliations and general ledger accuracy, ensuring proper reconciliation of financial accounts and submission of HST remittances 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

Tenant Reconciliations & Lease Accounting

• Prepare CAM, TAX and other recoveries reconciliations in Excel, ensuring accuracy and compliance with lease agreements

Budget Management

• Collaborate with operations and property administration teams to ensure budgets are completed accurately and submitted on time

Year End Audit & Reporting

• 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

Property Transactions

• 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

Client Engagement

• Attend client meetings, address financial inquiries, and ensure clients’ needs are met professionally and effectively

Qualifications

Education & Experience

• Bachelor’s degree in Business, Finance, Accounting, or a related field
• Professional accounting designation or working towards is an asset

• 2+ years of experience in commercial property accounting
• Minimum of 1 year experience working with Yardi Voyager
• Understanding of financial compliance and commercial lease structures

Skills & Abilities

• 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

Thank you for your interest in Sterling Karamar Property Management.

Please note that applications from all interested individuals are appreciated; however, we will only contact candidates that are selected for advancement.

Sterling Karamar Property Management values diversity in the workforce and is an equal opportunity employer. We welcome and encourage applications from people with disabilities and offer reasonable accommodation upon request for candidates taking part in all aspects of the selection process.

Please note that our Corporate Offices are scent-free work environments.