Senior Property Accountant
BrookfieldBack
Toronto, Canada
4d ago

Brookfield Properties is a fully-integrated, global real estate services company, providing industry-leading development and portfolio management capabilities across the real estate investment strategies of Brookfield Asset Management.

An Accountant seeking learning and leadership opportunities in our Brookfield team. Reporting to the Manager, Property Accounting, this position works closely with our Property Management, Asset Management, and Corporate Accounting team to provide timely and accurate financial reporting for the property.

The position requires the ability to plan and direct accounting activities within the property and the organization.

RESPONSIBILITIES :

Month-end and Quarter-end Closing and Reporting :

  • Timely and accurate completion of operating costs accruals, standard JE’s and sign-off.
  • Revenue Recognition - ensure that critical dates for revenue recognition are evaluated and compared to cash commencement date when Rent Roll reconciliations are prepared, any significant Free Rent or Deferred Rent assessed appropriately.
  • All required accounting assessment memos are prepared and reviewed on a timely basis, in the month the deal is unconditional.

  • Timely and accurate preparation and communication of monthly and quarterly financial results required by Asset Management, and Corporate Accounting.
  • Participating in the monthly property close documentation package ensuring controls are operating effectively throughout the year.
  • Any deficiencies are communicated to the Regional Controller and dealt with in a timely and methodical manner.

  • Timely and accurate completion of CAM and Tax tenant billing adjustments; working with Financial Services Centre (FSC) for preparation of tenant pre-
  • bill notices and monthly automated special services billings.

  • Timely and accurate preparation and communication of monthly HST returns, bank reconciliations, and cash flow forecasts required by Asset Management, and Corporate Accounting.
  • Financial Reporting and Audits (internal and external reporting) :

  • Work with external auditors to complete reporting requirements.
  • Timely and accurate submission of the property financial statements and audit supporting documents.
  • Track audit progress and communicate issues or delays to the Regional Controller.
  • Offer guidance and assistance to the accounting team on audit deliverables whenever necessary.
  • Budgets :

  • Work with Property Management and Asset Management in preparing the annual property budget.
  • Prepare variance explanations and trend analysis to facilitate Corporate Accounting’s review of property budgets.
  • Other

  • Fulfill ad-hoc financial analysis from Property Management, Asset Management and / or Corporate Accounting.
  • Assist or take leadership role where necessary on any special projects or transactions in the year.
  • QUALIFICATIONS

    SERVICE / PERSONAL SKILLS :

    Must be service oriented with excellent interpersonal and communication skills, both oral and written. You must be a team player, mature, outgoing and diplomatic with people.

    Excellent organizational skills, with the ability to manage multiple projects or tasks simultaneously are essential for this role.

    You are analytical and very detail oriented with advanced problem-solving capabilities.

    EXPERIENCE & TECHINCAL SKILLS :

  • Minimum 3-5 years property management accounting experience is required. Preference will be given to those who have worked within a commercial property management environment.
  • Working knowledge of month end / accounting cycle for the preparation of full set of financial statements.
  • Preparation / review of financial statements, cash management, budgets, audit working papers and Tenant operating cost adjustments.
  • Exposure to inter-departmental relationships within a large organization.
  • EDUCATION / DESIGNATIONS / LICENSES :

  • A University Degree or College Diploma in an accounting related field of study is required. Preference will be given to candidates enrolled in the Intermediate levels of a recognized accounting program (CPA).
  • Intermediate working knowledge of Microsoft Word and Outlook is required.
  • Intermediate to advanced working knowledge of MS Excel is required.
  • Exposure to Yardi is considered an asset.
  • Brookfield is committed to accommodating the individual needs of all applicants with disabilities during the recruitment and selection process as required under the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act.

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