Description

When we build, we think about the way we want to live: safely, with beauty and with room to play.

For us, success is long term. It’s about people and their experiences: their first home, their dream home, the park where their children and their grandchildren take their first steps, their view at sunset, their favourite tree.

As a family-owned company, our values and our commitment to our community are non-negotiable. They determine how we treat people, how we choose partners, how we give, how we do business. Maclab Development Group Ltd (MDG) is a highly innovative and entrepreneurial group that is continually exploring new ways to meet the evolving housing needs of contemporary individuals and families.  MDG is responsible for the sourcing, acquisition, design, development, and marketing of MDG’s development projects focused on new communities, retail and multifamily assets. The company’s efforts to source new revenue properties and continue the rejuvenation and redevelopment of recently acquired assets and properties held by the company for many years is a focus of significant energy and will allow the company to drive the growth of the asset base in the future. 

With recent growth we are searching for a new role to join our team.

The Property Accountant – Commercial will be responsible for all facets of the accounting cycle in order to provide timely, accurate & meaningful financial information for the properties in our commercial portfolio. This position reports to the Director, Leasing, Asset Management & Acquisitions, and will work closely with the Controller.

Key Responsibilities of this Role:

1.       General accounting

a.       Prepare all aspects of general ledger accounting including posting day-to-day transactions, month-end closing entries, bank reconciliations, including weekly cash flow reports, etc.

b.       Ensure all GST and other legislated taxes and assessments are reconciled and remitted on a timely basis.

c.        Communicate with co-workers, management, vendors, tenants, ownership, and clients in a professional and courteous manner.

d.       Enter purchase order requisitions and vendor banking information into the accounting system. Assist in the review of open purchase orders. 

2.       Property accounting and reporting

a.       Produce monthly financial statements according to company and client specification/requirements.

b.       Reconcile and maintain a full understanding of all balance sheet and income statement accounts.

c.        Produce and prepare all monthly, quarterly, and annual financial reports/statements for management and ownership on a timely basis, including a monthly variance analysis of property revenues and expenses.

d.       Review and post monthly rent roll. Assist in rent collection process including working with property management personnel to process pre-authorized debit and credit card charges, and to deposit and manage post-dated cheques. This includes posting move-in and move-out entries, as well, as required.

e.       Review monitor and report on accounts receivable. Reconcile AR accounts as required.

f.         Support property management personel by preparing tenant invoices as required (eg. preparing property tax billings for tenants who are not billed monthly with 24 hours of receipt of the tax notice, or preparing and delivering invoices to tenants for direct charges).

g.        Ensure all accounting records related to all properties are kept up to date and within company and regulatory guidelines.

h.       Ensure compliance with statutory and regulatory accounting requirements.

3.       Bank reconciliation

a.       Complete bank reconciliation and address outstanding discrepancies between bank and company statements in a proactive manner.

b.       Monitor cash flows positions with special attention to monthly mortgage payments, payroll billings, management fees, property taxes, GST remittances, capital and leasing costs, and any other major monthly expenditure.

c.        Anticipate future cash deficiencies and arrange for funding (cash management).

4.       Budgeting

a.       Complete accounting portion of property operating budgets (ie. calculation of tenant CAM/Tax recoveries, management fees, and salary allocation, current amortization and related interest)

5.       Year-End

a.       Assist in the preparation of year-end accrual entries.

b.       Work with the property manager to complete year end CAM and Tax recovery reconciliation/adjustments and prepare tenant billings in accordance with their leases. Ensure all adjustment billings are delivered to tenants within 60 days of year-end.

c.        Prepare and ensure annual rental notices are sent out to tenants on time for the next year.

d.       Assist in the annual year-end trust file for submission to external auditors and Real Estate Council of Alberta, including working papers, analysis, and supplementary documentation.

e.       Support corporate and ownership accounting during their year-end process and audit, as required.

Knowledge, Skills and Abilities we are Searching For:

  • 3+ years of full cycle accounting experience.
  • 3+ years experience in the commercial property industry.
  • Ability to think critically and take initiative.
  • Detail-oriented with organizational skills and the ability to prioritize.
  • Strong communication skills, both written and oral.
  • Bachelor of Commerce or equivalent with a major in Accounting.
  • Strong Team player, strong interpersonal skills, sense of responsibility and confidentiality.
  • Demonstrates initiative & ability to work with minimal supervision – strong problem-solving skills.
  • Ability to handle high volume and deadlines in an ever-changing environment.
  • Detail oriented, meticulous, efficient, and able to complete assignments with a high level of accuracy and on a timely basis.
  • Strong technical/analytical accounting skills.
  • Able to take ownership of position in a growing company.
  • Computer literate in MS Office and proficient in Excel.

How to Apply

Please email your resume and cover letter. We thank all applicants for their interest; however only those selected for interviews will be contacted.

 

 

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