Senior Property Accountant

Senior Property Accountant

Join to apply for the Senior Property Accountant role at BGO

1 York | Toronto, ON

BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 28 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.

BGO is a part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life.

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We are looking for an individual to provide full‑cycle accounting for a portfolio of properties and to add value to the BGO's Real Estate Services team and clients.

Full understanding of all property specific processes and upkeep of pertinent information relating to specific properties. Provide accurate and timely financial information as required internally by management and other departments, and externally to the client.

• Produce monthly Financial Statements in accordance with accounting standards and policies
• Utilize budgets and other tools to analyze variances
• Ensure all GST/HST and other legislated taxes and assessments are reconciled and remitted
• Property sales/turnover – final operating statements, funds distribution, HST reconciliation, closing of bank accounts, and any other relevant closing duties

• Monitor cash positions with special attention to monthly mortgage payments, payroll billings, management fees, property taxes, GST/HST remittances, capital and leasing costs, and any other major monthly expenditures
• Surplus funds distributions to owners
• Monthly bank reconciliations

• Monitor and review mid‑month and month‑end receivables for accuracy, adjustments, and/or corrections
• Produce monthly rent roll/receivable report
• Annual property tax invoicing for tenants that do not pay monthly
• Monitor monthly sales reports and follow up on outstanding sales
• Support site in reconciliation and invoicing of tenants as due
• New property set up, analysis, and follow up of outstanding issues as required

• Complete year‑end operating cost adjustments and tenant billings for assigned properties within 90 days of operating year end
• Follow up with status of operating cost reconciliations for your portfolios

• Responsible for completing accounting portion of assigned budget files within assigned deadlines
• Follow up on status of budgets throughout the draft, revised, and final stages to ensure completion within the assigned deadlines
• Analyze come year’s new budget for portfolio for changes to accounting treatment of various items
• Ensure new rental notices are sent to tenant for coming years operating budget approximately 45 days prior to commencement of the operating year

• Assist in training property accounting staff in all BRES property accounting cycles including procedures, processes, and review of property files
• Assist as a resource for property accounting staff to come to for guidance and direction for accounting and property related issues
• Assist in the overall management of the group through mentoring of property accounting staff
• Support ongoing training, developing, and mentoring of property accounting staff

• Enrolled & in CPA program
• Minimum 4‑5 years accounting experience; minimum 2‑3 years commercial/retail property accounting experience required including full cycle property accounting, CAM/Tax recoveries, and financial statement preparation; supervision of staff an asset
• Communicate effectively, both oral and written; ability to develop and sustain cooperative working relationships
• The ability to communicate effectively, both oral and written in…