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Senior Property Accountant

TorontoOn-siteFull-time

AI Summary

Senior Property Accountant responsible for the full monthly accounting cycle of a portfolio of commercial properties, including financial reporting, tax recovery, reconciliations, and cross-team collaboration.

About this role

About Allied

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Our work is grounded in a clear purpose: to provide knowledge-based organizations with distinctive urban environments that support creativity, connectivity and human wellness.

Our vision is more expansive. We seek to make a continuous contribution to cities and culture that elevates and inspires the humanity in all of us. This vision informs how we operate, how we design and how we lead.

Real estate, for us, is not a passive investment. It is a profoundly human endeavour, one that must promote wellness, sustainability, diversity and creativity—today and for generations to come.

Allied is also a place to build a career of consequence. If you are looking for work that is thoughtful, tangible and enduring—work that contributes meaningfully to cities and the people who inhabit them—you will find purpose here.

For more information on Allied’s approach to city-building, visit our Insights page.

Purpose

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.

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.

    • Qualifications

  • 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.
  • Yardi and Joint Venture experience is preferred.
  • 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.

    • Skills

    AmortizationBank ReconciliationExcelGAAPHSTJoint VentureJournal EntriesVariance AnalysisWordYardi

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