Ready to level up your accounting career and become a leader? Totem has an incredible opportunity for a Senior Property Accountant to step into a management role with a prominent REIT.


Reporting to the Operations Accounting Manager, you'll collaborate with various real estate-focused teams, including Financial Planning and Analysis, Property Management, Development, and Lease Administration. In this role, you'll deliver timely and accurate management reporting and analytical support. You'll supervise a team of property accountants, focusing on their growth and the continuous improvement of accounting processes.

Responsibilities


- Lead and mentor a team of property accountants, providing comprehensive training and fostering professional development.

- Guarantee adherence to financial reporting procedures and timelines.

- Produce in-depth property-level reporting and variance analysis (monthly and quarterly), including key metrics like Net Operating Income (NOI).

- Develop and review property accounting budgets, ensuring precision and on-time submission. Analyze budget variances on a regular basis.

- Support the implementation and maintenance of a property accounting initiative, including the configuration of cost recoveries processes

- Conduct lease audits, set up, analyze, and review property-related charges (such as CAM and tax) for billing accuracy and efficiency. Assist with resolving tenant discrepancies.

- Supervise the team's accounting work, with particular attention to lease-related accounting.

- Timely completion of adjustments, working closely with Property Management to send tenant notices and chargeback billings.

- Prepare and approve regular journal entries, analyzing any discrepancies between actual costs, budgets, and forecasts.

- Promote compliance, consistency, and clarity throughout all property accounting functions.

- Coordinate with auditors (both external and internal) to provide reports and necessary information.

- Manage key projects, collaborate with other finance teams, and ensure accurate accounting and reporting of metrics.

- Handle additional projects as assigned by the Operations Accounting Manager.


Experience Required


- CPA is required for this role.

- Minimum of 3 years of experience in a senior accounting role within the real estate industry.

- In-depth understanding of lease contracts, terms, and clauses.

- Experience with CAM recovery processes, ideally within retail.

- Solid comprehension of IFRS property accounting principles.

- Strong leadership abilities and the capacity to motivate a team.



Intrigued by this position and think you might be a good fit? Contact Tim Dunn at t.dunn@totemtalent.ca to explore further.