Senior Property Accountant
posted 2 months ago

Description

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $73.8 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

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Senior Property Accountant

Based in Vancouver, the Senior Property Accountant (SPA) will review, analyze and report financial results for a portfolio of properties. Reporting directly to the Accounting Manager, the Property Accountant is responsible for adding value to QuadReal by providing meaningful financial information that is professional, accurate and free of material misstatements. The SPA will produce monthly and /or quarterly financial statements as specified by QuadReal policy/requirements. Incorporate high-level thinking and analysis when preparing financial statements and recognize when to adjust for material items and / or explain material variances

As a Senior Property Accountant You Will:

• Utilize analytical skills to review work both at high and grass-root level to present meaningful NOI analysis.

• Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way; ensure all processes related to balance sheet items are completed and reviewed.

• Review and approve leases and lease review checklists thoroughly and in a timely manner; ensure set-ups agree with lease language for all items including, but not limited to; rental charges, security deposits, TI and/or LLW amounts and applications thereof and correct interpretation and application of any other relevant clauses; ensure and maintain proper set-up of straight-line rent, recoveries, and any other accounting -related processes that are lease driven.

• Ensure files are saved according to QuadReal standard set up on shared drive and/or Commercial Property Accounting Info Site and that they are professional and transparent.

• Set up and maintain tenant’s recovery in Yardi recovery model in accordance with lease language; use Yardi recovery model to calculate and record monthly and annual operating costs and realty tax recovery adjustments, billings, and estimates.

• Monitor and be aware of large cash flows items; ensure cash distributions/cash calls and HST reconciliations are completed in a timely manner and are free of material errors.

• Compile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputes.

• Complete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset.

• Review capital and leasing job costs monthly; ensure jobs are set up correctly with proper status and current forecast information.

• Support acquisition and disposition activity as required including post-closing adjustments; ensure trial balances or outstanding items are cleaned up in a timely manner after disposition.

• Provide supplementary reporting or details as required by the client.

Your Background:

• Qualified or enrolled CPA designation or relevant work experience in full cycle property accounting.

• Minimum 2 years commercial/retail property accounting experience.

• Previous retail property accounting experience would be an asset.

• Relationship Skills: ability to communicate effectively, both oral and written; ability to develop and sustain cooperative working relationships and contribute to a positive work environment.

• Organizational/Multi-Tasking: ability to allocate one’s time effectively, work under pressure, and meet tight deadlines; ability to handle multiple demands and competing priorities; ability to prioritize workload.

• Decision Making Skills – ability to identify, analyze, and solve problems; ability to take decisive action and seek direction when needed.

• Computer Skills – intermediate to advance skills in Excel, Word, and other Microsoft Office programs; knowledge of Yardi an asset.

Don’t have all of the above skills? Don’t worry, we still want to hear from you!

The expected annualized base salary range for this role is $75,000 to $85,000

The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual’s skill, experience, education and training, the market compensation of the role, and the consideration to internal equity.

QuadReal offers a competitive total rewards package in addition to the base pay, which includes a performance-based incentive plan, comprehensive health & dental benefits, a defined contribution pension plan and paid time off.

#LI-AA1

QuadReal Property Group will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format. If you require accommodation, please advise the Talent Acquisition team member you are working with and include the following: Job posting #, your name and your preferred method of contact.

Want to learn about our end-to-end recruitment process? Click this link for a short video that will take you through each step, so you’ll know exactly what to expect.

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