Commercial Property Accountant

Purpose The Commercial Property Accountant reports to the Manager, Commercial Property Accounting, and is responsible for the full accounting cycle for a portfolio of commercial real estate properties. This role involves providing essential assistance in reconciliations, reporting, and budgeting within the commercial accounting function.As a Commercial Property Accountant, you will play a key role in maintaining the department’s high standards for reporting and accounting. Success in this role requires strong analytical skills, attention to detail, and expertise in lease interpretation to ensure compliance with financial reporting standards and tenant obligations.Process Improvement and InnovationThe Commercial Property Accountant will be an active contributor in identifying and recommending enhancements to accounting systems and workflows, with a focus on automating manual tasks and streamlining processes reliant on Excel documents. Their efforts will aim to improve efficiency, accuracy, and the adoption of best practices within the team.ResponsibilitiesFinancial Reporting & Cash ManagementPrepare month-end reporting, bank reconciliations and general ledger accuracy, ensuring proper reconciliation of financial accounts and submission of HST remittances while meeting all reporting deadlinesPrepare cash flow forecasts, ensuring timely projections as well as funding distributions and contributions and monitoring cash balances to prevent overdraftsTenant Reconciliations & Lease AccountingPrepare CAM, TAX and other recoveries reconciliations in Excel, ensuring accuracy and compliance with lease agreementsBudget ManagementCollaborate with operations and property administration teams to ensure budgets are completed accurately and submitted on timeYear End Audit & ReportingPrepare year-end working paper files, ensuring accuracy and completeness of financial statements and comparative analysesCoordinate with auditors by providing necessary backup documentation, addressing audit queries, and ensuring compliance with audit requirementsProperty TransactionsAssist with recording asset acquisitions, dispositions, sales transactions, and opening balances Support the onboarding and transition of properties by gathering financial data, ensuring seamless integration into accounting systems, and reconciling records for outgoing propertiesClient EngagementAttend client meetings, address financial inquiries, and ensure clients’ needs are met professionally and effectivelyQualificationsEducation & ExperienceBachelor’s degree in Business, Finance, Accounting, or a related fieldProfessional accounting designation or working towards is an asset2+ years of experience in commercial property accountingMinimum of 1 year experience working with Yardi VoyagerUnderstanding of financial compliance and commercial lease structuresSkills & AbilitiesExceptional communication and interpersonal skills to collaborate effectively with internal teams and external stakeholders, including property managers, tenants, vendors, and clientsStrong analytical and problem-solving skillsHigh attention to detail and accuracy in financial reporting and reconciliationsProficiency in Excel and other software such as Adobe, Word, Powerpoint, etc.Ability to work independently and as part of a team, balancing priorities and ensuring deadlines are metCommitment to SKPM values: Honesty, Integrity, Respect, TrustThank you for your interest in Sterling Karamar Property Management.Please note that applications from all interested individuals are appreciated; however, we will only contact candidates that are selected for advancement.Sterling Karamar Property Management values diversity in the workforce and is an equal opportunity employer. We welcome and encourage applications from people with disabilities and offer reasonable accommodation upon request for candidates taking part in all aspects of the selection process.Please note that our Corporate Offices are scent-free work environments.