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Property Accountant

4 months ago

Bethesda, United States Brookfield Properties Full time

Location Hudson's Bay Centre - 2 Bloor Street East

Business At Brookfield Properties, our global network and relationships are here for our tenants and partners — wherever they are in the world. Where going to work never feels routine. We integrate commercial real estate with world-class shops, restaurants, and entertainment, creating spaces where work and play don’t just coexist, but thrive. If you’re ready to be a part of our team, we encourage you to apply. Job Description This position works closely with other accounting team members in providing timely & accurate management reporting and analytical support to the Property Management Group, Asset Management, and Corporate Accounting. In addition to the technical aspects of an accounting role, effective communication and teamwork skills are essential to the success of a Property Accountant. RESPONSIBILITIES: Month-end and Quarter-end Closing and Reporting: Preparation of monthly management reports as required by co-owners / asset management. Includes preparing variance analysis, reports and coordinating with Accounting Manager and/or Property Manager for review and finalization of reports. Preparing monthly supporting documentation package for SOX purposes, including balance sheet reconciliation, property close checklist and other documents listed on the property close index for Accounting Manager review. Prepare and post routine and non-routine journal entries. Maintain recovery schedule (including operation, tax and utility recoveries) Calculate pre bills and final bills based on Operation budget and Audit report. Analyzing lease agreements thoroughly and interpret the accounting ramifications related to tenant incentives and leasehold improvements Preparation of corporate required variance analysis and adhoc reporting including, but not limited to: Recovery Analysis (Close Statistics) Financial Reporting and Audits (internal and external reporting): Assist in preparing and providing external auditors with Draft CAM’s, Working Papers supporting calculations (i.e. gross up calculations, demised electricity, etc.) Provide support with responding to external audit queries in a timely manner based on requests for additional information or for invoice sample requests. Preparation of lead sheets and working papers with appropriate referencing. Budgets: Work with Property Management and Asset Management in preparing the annual property budget. Other Fulfill ad-hoc financial analysis from Property Management, Asset Management and/or Corporate Accounting. Assist in the timely & accurate completion of monthly forecasting by due dates specified by the Accounting Calendar. Ensure accounting processes are executed efficiently and effectively. Document, when required, evidence of effective review of internal control processes. 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 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 Excel is required. Exposure to Yardi is considered an asset. We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act. #BPCA

At Brookfield Properties, our success starts with our people. People like you.

We develop, operate, and manage more than 800 properties and 350 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.

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