Senior Manager, Capital and Revenue Accounting

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

Senior Manager, Capital and Revenue Accounting

The Senior Manager, Capital and Revenue Accounting is responsible for in-depth review and production of capital accounting reporting, and financial analysis, with the objective of providing accurate, reliable and timely information to the various internal and external clients of the department. They will ensure the integrity of capital accruals, review bank reconciliations, lead cash management, use development, mentoring and coaching techniques to build a strong accounting team, manage performance evaluations in conjunction with HR, and coordinate departmental learning.

Responsibilities:

1. Lead the budgeting and forecasting process for leasing capital and major maintenance capital, collaborating with finance, operations, and asset management teams to ensure alignment with annual spend objectives.
2. Lead a team to create a capital spend target approach that satisfices the building condition assessment reports for our properties while maintaining competitive CAM rates for our assets.
3. Work with the Operations team to establish and maintain a capital spend to recovery ratio.
4. Analyze capital spend versus budget and assess its impact on AFFO (Adjusted Funds from Operations).
5. Prepare variance analysis reports on capital expenditures, highlighting discrepancies and forecasting adjustments, in collaboration with Asset Management (AM) and Technical Operations (Tech Ops) teams.
6. Maintain and review comprehensive capital expenditure reports, including monthly, quarterly, and annual capital analysis for leasing and major maintenance capital.
7. Support the capital accounting team to ensure departmental objectives are met.
8. Ensure adherence to corporate accounting policies, internal controls, and compliance with applicable accounting standards related to capital expenditures.
9. Work closely with Asset Management and Technical Operations team to gather capital expenditure data, understand project requirements, and ensure financial reports reflect both actual and planned capital investments.
10. Review month-end accruals for completeness and accuracy.
11. Review team outputs for management and co-owners, including cash flows, financial statements, and reporting.
12. Generate internal management reports and oversee completion of co-owner reporting.
13. Oversee and manage the reconciliation of all corporate and operational bank accounts, ensuring timely and accurate processing of transactions.
14. Coordinate with offshore team leads to ensure the accuracy and timeliness of information shared, meeting all reporting requirements for revenue accounting processes.
15. Contribute to quarterly quality assurance reviews of financial working papers.
16. Assist in the rollout of new technologies, software, and initiatives aimed at improving accounting processes, enhancing efficiency, and strengthening the overall financial reporting framework.
17. Perform additional duties and responsibilities, as required.
18. Lead the quarterly exercise of evaluating the allowance for doubtful accounts for all tenants across the REIT and summarize and present the impact to senior leadership by asset class.
19. Oversee a team of both onshore and offshore personnel for both RA and Capital.
20. Review Service Level Agreement (SLA) for accuracy for both RA and Capital.
21. Continuous review of internal processes and update(s) to Standard Operating Procedures for both RA & Capital.

Qualifications:

1. A post-secondary degree specializing in Accounting, Business, Economics, Real Estate, or a related field.
2. Minimum of 5 years of accounting experience, including at least 2 years in a managerial capacity.
3. CPA (CGA, CMA, CA) designation completed preferred.
4. Strong proficiency in Microsoft Excel and working knowledge of Word and Outlook.
5. JD Edwards (JDE) experience preferred.
6. Ability to lead and direct others in a team environment.
7. Excellent interpersonal and communication skills, both written and verbal, with the ability to collaborate effectively across all levels of the organization.
8. Demonstrated ability to lead process improvements and adopt new technologies to enhance accounting operations.
9. Ability to adapt to new challenges and prioritize tasks in a fast-paced, evolving environment.
10. Strong proficiency in analyzing and resolving standard issues by applying experience, judgment, and established precedents to determine effective solutions.
11. Ability to work well with others and develop cooperative working relationships.

About Choice Properties

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centers.

Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through high quality transactions, strategic development and active property management. We mainly focus on necessity-based retail, and high-quality industrial and mixed-use assets. In particular, we have a strategic relationship with Loblaw, our largest tenant, that provides us with access to high quality investment opportunities.

Our established operating platform with a proven track record of success also provides us with access to a transformational development pipeline that we believe supports superior long-term value creation and growth. A commitment to continuous learning and development is a strong part of our culture.

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.

Number of Openings:

1

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