About the role
PURPOSE
The Accountant is accountable to the Manager, Accounting for the timely and accurate completion of various accounting activities for an assigned portfolio of real estate investments and for ensuring financial reporting is timely, accurate, and is completed in compliance with company’s accounting policies and procedures.
DUTIES AND RESPONSIBILITIES
1. General Accounting
Responsible for maintenance/oversight of the day-to-day general ledger transactions, including drafting and input of journal entries, liaising with other departments, accountants, managers, controllers in order to maintain an accurate and transparent accounting process. Where outside managers are contracted, assists/manages the upload of accounting files received from the outside into Morguard’s accounting system.
2. Financial Reporting
Prepares and reviews a variety of financial reports/statements including but not limited to the monthly/quarterly financial statements and related reporting packages, exception reports, annual budget and forecast, to ensure completeness and accuracy of head office transactions as well as the completeness, accuracy & integrity of statements/reports.
3. Reconciliations and Compliance Processes
Prepares and when assigned, reviews monthly/quarterly accounting, compliance and vendor/tenant reconciliations and in addition to identifying any discrepancies works with the appropriate individuals to resolve to ensure completeness, accuracies, and integrity of statements. Participates in the filing of regulatory documents.
4. Cash Management
Analyzes and monitors cash requirements for mortgages, development projects, capital expenditures, distributions, acquisitions, dispositions, and any other capital cash requirements, in addition to liaising with management staff and, as directed, with external banking partners to resolve any other cash requirements. Assists with the mortgage refinancing program as required, including the preparation of mortgage/bank line covenant requirements to external parties in adherence with relevant due dates.
5. Budgeting/Reforecasting and Variance Analysis
Provides assistance, where necessary, the annual budget and periodic re-forecasting processes, including variance analysis.
6. Support to Quarterly/Annual Audit Process
Assists with the audit processes through the preparation and compilation of the working papers and financial statements in addition to helping resolve external audit queries, as required.
7. Other Corporate Accounting Duties
Assists in monthly bank reconciliations, and distribution of mail. Assists or completes ad hoc projects assigned by Manager or Comptroller.
Any other job-related duties and/or projects that may be assigned.
MINIMUM REQUIREMENTS
Skills, Knowledge, Experience and Education
- University Degree/ College Diploma in Accounting or Business Administration or equivalent
- Intermediate to advanced working knowledge of MS Office applications
Core Competencies
- Good communication skills (both written and verbal)
- Good analytical skills
- Good organizational skills
- Attention to detail
ADDITIONAL REQUIREMENTS
- General understanding of Canadian GAAP and IFRS is an asset
- Career plan to obtain CPA designation is an asset
About Morguard
Morguard is a fully integrated real estate company. We own, manage, and invest in high quality, well-located, geographically diversified assets across North America. With more than 45 years of experience and a dynamic team of over 1200 professionals, we focus on value creation and operational excellence. Today, our total assets owned and under management is valued at $18.6 billion.
Morguard operates three diversified lines of business:
Investments in Real Property: Morguard owns and manages a diversified portfolio of multi-unit residential, retail, office and industrial, and hotel properties in North America.
Real Estate Investment Trusts: Morguard is a significant sponsor of two real estate investment trusts (REITs): Morguard REIT (TSX: MRT.UN), a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT (TSX: MRG.UN), an open-end Trust with a diversified portfolio of multi-unit residential assets across North America.
Advisory and Management Services: Morguard provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors.
About the role
PURPOSE
The Accountant is accountable to the Manager, Accounting for the timely and accurate completion of various accounting activities for an assigned portfolio of real estate investments and for ensuring financial reporting is timely, accurate, and is completed in compliance with company’s accounting policies and procedures.
DUTIES AND RESPONSIBILITIES
1. General Accounting
Responsible for maintenance/oversight of the day-to-day general ledger transactions, including drafting and input of journal entries, liaising with other departments, accountants, managers, controllers in order to maintain an accurate and transparent accounting process. Where outside managers are contracted, assists/manages the upload of accounting files received from the outside into Morguard’s accounting system.
2. Financial Reporting
Prepares and reviews a variety of financial reports/statements including but not limited to the monthly/quarterly financial statements and related reporting packages, exception reports, annual budget and forecast, to ensure completeness and accuracy of head office transactions as well as the completeness, accuracy & integrity of statements/reports.
3. Reconciliations and Compliance Processes
Prepares and when assigned, reviews monthly/quarterly accounting, compliance and vendor/tenant reconciliations and in addition to identifying any discrepancies works with the appropriate individuals to resolve to ensure completeness, accuracies, and integrity of statements. Participates in the filing of regulatory documents.
4. Cash Management
Analyzes and monitors cash requirements for mortgages, development projects, capital expenditures, distributions, acquisitions, dispositions, and any other capital cash requirements, in addition to liaising with management staff and, as directed, with external banking partners to resolve any other cash requirements. Assists with the mortgage refinancing program as required, including the preparation of mortgage/bank line covenant requirements to external parties in adherence with relevant due dates.
5. Budgeting/Reforecasting and Variance Analysis
Provides assistance, where necessary, the annual budget and periodic re-forecasting processes, including variance analysis.
6. Support to Quarterly/Annual Audit Process
Assists with the audit processes through the preparation and compilation of the working papers and financial statements in addition to helping resolve external audit queries, as required.
7. Other Corporate Accounting Duties
Assists in monthly bank reconciliations, and distribution of mail. Assists or completes ad hoc projects assigned by Manager or Comptroller.
Any other job-related duties and/or projects that may be assigned.
MINIMUM REQUIREMENTS
Skills, Knowledge, Experience and Education
- University Degree/ College Diploma in Accounting or Business Administration or equivalent
- Intermediate to advanced working knowledge of MS Office applications
Core Competencies
- Good communication skills (both written and verbal)
- Good analytical skills
- Good organizational skills
- Attention to detail
ADDITIONAL REQUIREMENTS
- General understanding of Canadian GAAP and IFRS is an asset
- Career plan to obtain CPA designation is an asset
About Morguard
Morguard is a fully integrated real estate company. We own, manage, and invest in high quality, well-located, geographically diversified assets across North America. With more than 45 years of experience and a dynamic team of over 1200 professionals, we focus on value creation and operational excellence. Today, our total assets owned and under management is valued at $18.6 billion.
Morguard operates three diversified lines of business:
Investments in Real Property: Morguard owns and manages a diversified portfolio of multi-unit residential, retail, office and industrial, and hotel properties in North America.
Real Estate Investment Trusts: Morguard is a significant sponsor of two real estate investment trusts (REITs): Morguard REIT (TSX: MRT.UN), a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT (TSX: MRG.UN), an open-end Trust with a diversified portfolio of multi-unit residential assets across North America.
Advisory and Management Services: Morguard provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors.