Sterling Karamar Logotype
Mobile Menu IconMobile Menu Close Icon
  • Residential
  • Commercial
  • Services
  • About
  • Careers
  • Blog
  • Rental Inquiry
  • Resident Portal
  • Contact
  • FAQ
1-866-779-4434

Commercial Property Accountant

Mar 17, 2023   ·   North York, ON   ·   Full-time

Purpose

Responsible for organizing the full accounting cycle for portfolio of commercial real estate properties. This responsibility includes analysis and research to provide the organization with high quality accounting information.

 

Main Responsibilities

Reporting:

  • Prepare month-end journal entries
  • Monthly bank reconciliation and general ledger reconciliations to the sub ledger
  • Maintain schedules reconciling cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities
  • In addition, organize full accounting cycle for real estate commercial properties
  • Review and prepare monthly, quarterly, and yearly financial statements and ensure that all monthly reporting deadlines are met
  • Prepare HST remittance for each property
  • Annual tenant recovery reconciliations

Budgets:

  • Provide YTD actual, review final version and input into system
  • Update non-operational expenses such as mortgage interest, legal and accounting fees and other administrative fees
  • Finalize Budgets, check for accuracy and reasonability

Year End:

  • Prepare year-end working paper files
  • Provide auditors with back up, financial statements and comparative analyses

Transactions for new or sale properties:

  • Ensure all transactions are recorded, including asset purchases / sales of land / building;
  • Monitor post-closing to be completed within the timeframe dictated by the purchase and sale document
  • Bank reconciliation complete until all the cheques are cashed before closing the account (for sale)

Cash flow management:

  • Prepare cash flow projection on a timely basis
  • Monitor and inform Owner of the cash position (distributions/contributions)

Monitoring A/R, A/P:

  • Oversee accounts receivables and accounts payables including review of cash requirement reports and reconciliation of tenant statements
  • Monitor banking deposits and daily balances
  • Monitor operational expenses on a monthly basis by performing variance analysis

Other:

  • Liaise with property administrators and property managers.
  • Maintain records of all the Tenants Improvements, Building Improvements, leasing commissions, and other capital renovations.
  • Communicate with outside parties (landlords, lawyers, accountants) when required.
  • Take initiative to propose improvements of the accounting process or management of the flow of information to Senior Management. 
  • Other duties as required.

Scope:

  • Fulfill all responsibilities and activities in close cooperation with other Property Accountants, A/P Clerks, Property Administrators and Property Managers.

 

Qualifications

Education

  • College/University degree in Accounting, Finance or related field required
  • CPA designation or in progress required

Experience

  • 3 to 5 years of accounting experience in commercial accounting would be preferred 
  • Minimum of 6 months experience working with Yardi Voyager accounting system

Skills and abilities

  • Provide excellent communication and customer service. 
  • Support our company's values: Honesty, Integrity, Respect, Trust
  • Possess strong analytical and problem-solving skills.
  • Maintain attention to detail.
  • Possess strong computer skills, advanced in excel.
  • Take initiative.
  • Self-starter with ability to work independently as well as part of a team.
  • Provide good cooperation (easy going, supportive) with all members of the accounting team, with other departments and with clients (including their financial institutions, auditors and staff).

 

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.

Careers

Apply for the position now.

Apply Now
Other Opportunities

Here are some other career opportunities you may be interested in.

  • Residential Property Accounting Manager
  • Live in Resident Manager - Richmond Hill
  • Residential Property Manager
  • Maintenance Technician (Vehicle Required)
View All

Find Your Home

Looking for a Home as well as a Career?

Find Your Apartment Rental
Sterling Karamar Footer Logo
  • Terms & Conditions
  • Accessibility
  • Social Policy
  • Privacy

© Copyright Sterling Karamar Property Management 2020. All rights reserved. | Sitemap

Website Developed by
Rentsync Logo

Sterling Karamar Property Management
53 The Links Road
Toronto, Ontario M2P 1T7

  • 1-866-779-4434
  • 416-256-4434
  • Fax Icon416-256-0090
Providing Expertise, Experience and Excellence in Property Management of Apartment Rental and Commercial Assets

Connect with us.

  • Terms & Conditions
  • Accessibility
  • Social Policy
  • Privacy
© Copyright Sterling Karamar Property Management 2020. All rights reserved.
Website Developed by
Rentsync Logo