Manager, Commercial Property Accounting

Tricon Residential is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams.

Our development programs are delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential.

We strive to be North America’s premier rental housing company. Our business philosophy involves taking care of our team first – empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family.

This is how we continue to grow, and it is an approach that has proven to generate positive returns for our stakeholders. For more information, visit Tricon Residential.

The Manager, Commercial Property Accounting is responsible for the development and execution of our commercial and retail accounting platform, establishing accounting and reporting processes, and the implementation of the Yardi commercial module. The Manager, Commercial Property Accounting serves as a subject matter expert for commercial and retail property accounting and delivers full-cycle accounting for a growing portfolio of mixed-use properties in Ontario.

This hands-on role ensures accurate financial reporting, rent and recovery processing, budget variance analysis, cash flow forecasts, and compliance with IFRS. They have an ability to work collaboratively with many stakeholders across the organization, including the property management and asset management teams. The successful candidate will bring a strong understanding of commercial and retail property accounting, as well as recovery accounting experience and the desire to excel in a start-up environment.

• Design, set-up and scale a robust commercial and retail accounting platform in collaboration with property management and other stakeholders.
• Lead and actively contribute to the Yardi commercial module implementation project, as a representative for the accounting department.
• Set-up and continuously improve commercial and retail property accounting and reporting processes.
• Provide training and support to internal stakeholders on accounting processes and system use, including supporting property management with rent roll set-up and tenant adjustments.
• Prepare and review accurate and timely monthly and quarterly financial statements for assigned properties, including income statements, balance sheets, and cash flow statements in collaboration with property and asset management.
• Prepare and post journal entries, oversee reconciliation of bank accounts and accuracy of the general ledger.
• Complete CAM (Common Area Maintenance), property tax, and utility recoveries and reconciliations in accordance with lease terms.
• Ensure proper HST treatment on rent and recoveries per CRA guidelines and oversee preparation of monthly HST filings.
• Prepare and review working paper packages to support investor and external audit requirements.
• Assist in the preparation and analysis of annual operating budgets, quarterly forecasts, and variance analysis.
• Review and interpret lease agreements to ensure accounting treatment reflects terms accurately (e.g., free rent periods, escalation clauses, straight-lining).
• Coach, mentor and provide feedback to assigned direct reports.
• Coordinate, collaborate and clearly communicate with internal and external customers, including, but not limited to property managers, maintenance staff, auditors, tax consultants, etc.
• Participate in special projects and perform other ad-hoc tasks as assigned and…