Property Accountant

What you’ll do

Reporting to the Supervisor, Property Accounting, you will work closely with Real Estate Financial Planning and Analysis, Property Management (Operations), Construction/Development teams, and Lease Administration to provide timely & accurate management reporting and analytical support for the REIT. You will also be involved in continual process improvements and will support business initiatives as they evolve.

CT Real Estate Investment Trust (CT REIT) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. The publicly traded organization is comprised of a relatively small team of real estate, legal and financial professionals. Its portfolio is comprised of over 370 properties totaling approximately 29 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant.

1. Ensure all monthly financial and management reporting required is accurate and delivered on a timely basis including preparation of detailed variance analysis of property NOI
2. Ensure all accounting records related to all properties are kept up to date within CT REIT accounting policies
3. Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines, procedures, and deadlines
4. Prepare, review and approve monthly, quarterly and annual journal entries and ensure a strong control environment
5. Coordinate with Lease Administration to ensure all lease setups and rent escalations are accurately reflected in the accounting system
6. Update recovery setup for tenants in accordance with their leases and maintain straight line rent
7. Timely and accurate completion of CAM and tax tenant billing adjustments; working with Property Management (Operations) for preparation of tenant pre-bill notices and chargeback billings
8. Assist in internal and external audit requirements by providing working papers and ensure compliance to enterprise processes and policies
9. Preparation and consolidation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable
10. Assist or take leadership role where necessary on any special projects or transactions during the year

What you bring

1. University degree in Accounting or a business related discipline
2. Minimum 2 years of accounting experience required
3. Experience with property or REIT accounting is greatly preferred
4. Accounting designation (CPA) or designation in progress/pursuing designation
5. Working knowledge of Yardi is considered an asset
6. Excellent interpersonal and communication skills (both written and verbal)
7. Strong analytical, decision making, and problem-solving skills
8. Ability to deliver excellent customer service with internal and external stakeholders
9. Advanced working knowledge of Microsoft Excel and general ledger accounting systems

Hybrid

We value flexibility. We have adopted a hybrid work model whereby employees use a combination of working in office and virtually in service of outcomes. Each leader is empowered to decide what work is best achieved in person based on the unique needs of their team.

Our Commitment to Diversity, Inclusion and Belonging

We are committed to fostering an environment where belonging thrives, and diversity, inclusion and equity are infused into everything we do. We believe in building an organizational culture where people are consistently treated with dignity while respecting individual religion, nationality, gender, race, age, perceived ability, spoken language, sexual orientation, and identification. We are united in our purpose of being here to help make life in Canada better.

Accommodations

We stand firm in our Core Value that inclusion is a must. We welcome and encourage candidates from equity-seeking groups such as people who identify as racialized, Indigenous, 2SLGBTQIA+, women, people with disabilities, and beyond. Should you require any accommodation in applying for this role, or throughout the interview process, please make them known when contacted and we will work with you to help meet your needs.