Sr. Property Accountant

JOB OVERVIEW

Group D Properties owns and manages a growing portfolio of commercial properties covering 500,000+ sq ft of commercial office and retail space with 200+ tenants in Toronto's downtown core and west end.

We are seeking a hands-on, experienced Senior Property Accountant/ Accounting Manager to own accounting operations and financial reporting, ensuring financial accuracy and compliance with internal and external standards and regulations. This position is supported by a full-time, full-cycle Property Accountant.

The ideal candidate will be mature, responsible, and professional, with strong analytical skills. Additionally, the applicant should be organized, tech-savvy, detail-oriented, have good communication skills, and possess strong industry experience.

DUTIES AND RESPONSIBILITIES

Oversee Full Cycle Accounting: Record financial (A/R, A/P) transactions, process payroll, maintain the general ledger, and reconcile accounts to ensure accurate, audit-ready statements for all properties/entities.

CAM/TMI: Budget, allocate, and reconcile CAM/TMI, utilities, tax, and chargebacks.

Banking: Deposits, EFTs, cash management, bank recs, covenant tracking

Financial & Management reporting: Prepare monthly and annual reporting packages (P&L, balance sheets, cash flow, rent roll, variance analysis, highlight key financial insights). Identify and correct account discrepancies and irregularities.

Budgeting, Forecasting & Analysis: Assist in budgeting process, forecast cash flow, and analyze costs to improve profitability and efficiency across real estate portfolio. Support CAPEX planning.

Compliance: Ensure compliance with ASPE, lender reporting/ratios/covenants, and company policies. Build and enforce internal controls; flag risks.

Assurance: Act as primary liaison with external auditors and tax advisors to produce year end statements, remit taxes, disburse shareholder distributions, and issue T5 slips

Tax: Compute, prepare, and remit HST ; work with tax accountant to file and pay annual corporate tax returns

Supervision: Supervise accounting clerk and external bookkeepers

SKILLS AND QUALIFICATIONS

Education

o Bachelor's degree in accounting, finance, or related field

Experience

o 5+ years experience in real estate, property management, or a related field

o Strong understanding of office, retail, and/or industrial real estate operations

o Knowledge of accounting principles, cash management, forecasting

o Tax and audit experience

Software skills

o Advanced Excel and Quickbooks skills

o Experience with real-estate ERP systems (eg. Yardi, MRI)

o System implementation experience an asset

Communication skills

o Strong communication, leadership, and problem-solving skills an asset

o Experience working with lenders, auditors, and ownership groups an asset

Other skills

o Analytical skills

o Strong attention to detail

o Proactive and prompt issue resolution