Residential Property Accountant

Purpose

The Residential Property Accountant will be responsible for organizing the full accounting cycle for a portfolio of 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 and maintain monthly bank reconciliation, general ledger reconciliations to the sub ledger: cash, accounts receivable, inter-company balances, prepaid expenses, fixed assets, accrued expenses and liabilities.
• Organize full accounting cycle for real estate properties.

Income statements:

• Prepare monthly operating income statements and balance sheets for all Company owned and third-party residential properties with supporting schedules and submit to operation department for review.

Budgets:

• Prepare budget template including previous year’s budget and current year forecast to Property Managers and assist Property Managers and Senior Accountants in preparing each property’s yearly budgets.

Year End:

• Prepare year-end working paper files, provide auditors with financial statements, comparative analyses, sub ledger schedules, back ups.
• Assist in audit of residential properties.

Transactions for new or sale properties:

• Ensure all transactions are recorded, including asset purchases / sales of land / building; SOA; monitor post-closing to be completed within the timeframe dictated by the purchase and sale document.

Monitoring Accounts Receivable (A/R), Accounts Payable (A/P):

• Oversee A/R and A/P including review cash requirement reports and reconcile tenant statements. Monitor banking deposits and daily balances.
• Monitor operational expenses on a monthly basis by performing variance analysis.
• Review and initial residential expenditures including allocation to appropriate property and expense account.

Bank reconciliation process:

• Daily/weekly/monthly bank reconciliations for Residential banking accounts and tenant refund banking account.

Other:

• Liaise with property administrators and property managers.
• Maintainthird party property files to include mortgage schedules, insurance liability schedules, capital item warranties and revenue contracts.
• Take initiative to propose improvements of the accounting process or management of the flow of information to Senior Accountant.

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 Residential property management.
• Minimum of 1-year experience working with Yardi Voyageur.

Skills and abilities

• Support our company’s values: Honesty, Integrity, Respect, Trust.
• Possess strong analytical and problem-solving skills.
• Maintain precise attention to detail.
• Possess strong computer skills; advanced in excel.
• Provide excellent communication and customer service.
• Takes initiative.
• Able to be a 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).

We are an essential service and are continuing to hire during this time.

Please note: Sterling Karamar Property Management is actively monitoring the progression of the coronavirus, COVID-19, to ensure that we have the most accurate and latest information on the threat of the virus. As you know, this situation is developing rapidly as new cases are identified in our communities and our protocols will be adjusted as needed. We are following updates and procedures from the Governments of Ontario and Canada and the World Health Organization. Our response and plans may adjust according to the recommendations from these organizations.

Sterling Karamar Property Management (SKPM), a division of Sterling Silver Development Corporation is committed to taking all reasonable steps to maintain a safe environment for our employees, our residents and visitors and guests to our properties and to comply with our statutory obligations under the Occupational Health and Safety Act. In order to reduce the risk of COVID-19 transmission, SKPM has implemented a mandatory vaccination policy for all employees. Employees who have a medical exemption, are ineligible to receive vaccination or have a valid exemption based on a prohibited ground with Human Rights will be subject to additional measures of safety including regular rapid antigen testing and COVID-19 testing in order to attend the workplace.

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.