About the role
About Pier 4
At Pier 4 we have ambitious goals around growing our business. We have been recognized by the Globe & Mail Report on Business as one of Canada’s Top Growing Companies for 2024 & 2025 and we are a certified Great Place to Work. We are looking for a Property Accountant, who wants to be a part of our team and our exciting journey.
We offer a total compensation and benefits package to help with your needs today and build for your future tomorrow. Pier 4 values diversity and is committed to equal opportunity. At Pier 4, success is about more than having a healthy bottom line and we are committed to making Pier 4 an amazing and unique place to work for each member of our team.
Position Overview
Reporting to the Manager, Finance, the Property Accountant role is responsible for accounting functions related to multi-family real estate properties and corporate entities. The Property Accountant will have constant interaction with property managers, vendors, and the REIT’s management team. Responsibilities include general ledger accounting, preparing financial statements, reviewing financial statement results, preparing analysis on an individual and/or consolidated portfolio basis, ensuring regulatory compliance and providing accounting support to all aspects of the Company.
Key Responsibilities
- Recognize when to adjust for material items and / or explain material variances
- Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way
- Prepare and record operating costs and realty tax adjustments monthly through ratios and full recovery reconciliations
- Compile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputes
- Complete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset
- Prepare and post journal entries for all property operations (i.e., revenue, expenses)
- Plan and prepare month-end reporting periods (pre-booking journal entries, accruing revenue for management fees, etc.).
- Review lease summaries for accuracy (i.e., rental rates, move in dates) and proper accrual of tenant revenue not set up in Yardi
- Prepare month-end reporting packages
- Budget re-forecasting and variance analysis
- Help prepare and respond to inquiries for the interim and annual audits
- Monthly generation, posting and review of expense accruals
- Provide ongoing training / assistance for team members as required
- Other duties / projects as assigned
- Work with the full accounting cycle, including daily bank reconciliation, journal entries, general ledger, recovery, accounts payable, accounts receivable, year-end billing processes
- Timely and accurate preparation of monthly account analysis, reconciliations and property files; analysis while investigating the cause of variances and propose trouble-shooting solutions
- Prepare year-end audit package and entity financial statements and liaise with external auditors
- Preparing intercompany reconciliation statements and ensure all accounting records related to all properties are kept up to date in the financial reporting system within guidelines
- Review and analyze financial information and process the information efficiently and take appropriate actions with minimal supervision to address and resolve the matters
- Facilitate monthly cheque runs for vendors
- Liaison with property managers to discuss rent arrears, expenses, new tenants, etc.
- Assist with future migration/automation of financial reporting software
Requirements
- University Degree in Finance or Accounting is mandatory
- Minimum 2 years experience in property accounting, bookkeeping, or with a professional accounting firm
- Strong computer literacy with experience in the use of MS Office programs, project management tools with strong tech skills are a must
- Professional accounting designation (i.e., CPA), or actively enrolled in the CPA program, is mandatory
- Experience with Yardi considered an asset
- Experience and understanding of IFRS considered an asset
- High level of attention to detail and accuracy
- Ability to respond to periodic intensive workloads
- Strong organizational skills and ability to efficiently multi-task and prioritize work
- Demonstrate ability to communicate and interact effectively at all levels of the organization
- Excellent written/verbal communication skills to compose a variety of correspondence and ensure accuracy of material
Considerations
- Schedule: Monday to Friday
- Work location: In office in Toronto, ON (downtown)
- Professional experience: Ability to obtain eligible hours for CPA designation and appropriate sign-off from CPA mentor
About Pier 4 Ltd.
Pier 4 Real Estate Investment Trust is a private REIT that invests in multi-family buildings. We look to acquire core and value add assets all across Canada providing our investors an opportunity to diversify their portfolios and gain investment exposure to high level real estate projects. Our team has over 35 years combined experience in real estate acquisitions, asset management and property management. We partner with industry leaders to identify, acquire, maintain and exit in a professional manner. Pier 4 REIT has aligned strategic partnerships in the real estate industry to ensure your investment is earning the highest return. From high level capital budgeting and property management to seeking out new acquisitions, Pier 4 REIT will always insure full transparency.
This is not an offer or solicitation to buy or sell securities of any kind. For more information including risks, redemption restrictions, and long term business objectives, refer to the Offering Memorandum dated September 1, 2023.
About the role
About Pier 4
At Pier 4 we have ambitious goals around growing our business. We have been recognized by the Globe & Mail Report on Business as one of Canada’s Top Growing Companies for 2024 & 2025 and we are a certified Great Place to Work. We are looking for a Property Accountant, who wants to be a part of our team and our exciting journey.
We offer a total compensation and benefits package to help with your needs today and build for your future tomorrow. Pier 4 values diversity and is committed to equal opportunity. At Pier 4, success is about more than having a healthy bottom line and we are committed to making Pier 4 an amazing and unique place to work for each member of our team.
Position Overview
Reporting to the Manager, Finance, the Property Accountant role is responsible for accounting functions related to multi-family real estate properties and corporate entities. The Property Accountant will have constant interaction with property managers, vendors, and the REIT’s management team. Responsibilities include general ledger accounting, preparing financial statements, reviewing financial statement results, preparing analysis on an individual and/or consolidated portfolio basis, ensuring regulatory compliance and providing accounting support to all aspects of the Company.
Key Responsibilities
- Recognize when to adjust for material items and / or explain material variances
- Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way
- Prepare and record operating costs and realty tax adjustments monthly through ratios and full recovery reconciliations
- Compile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputes
- Complete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset
- Prepare and post journal entries for all property operations (i.e., revenue, expenses)
- Plan and prepare month-end reporting periods (pre-booking journal entries, accruing revenue for management fees, etc.).
- Review lease summaries for accuracy (i.e., rental rates, move in dates) and proper accrual of tenant revenue not set up in Yardi
- Prepare month-end reporting packages
- Budget re-forecasting and variance analysis
- Help prepare and respond to inquiries for the interim and annual audits
- Monthly generation, posting and review of expense accruals
- Provide ongoing training / assistance for team members as required
- Other duties / projects as assigned
- Work with the full accounting cycle, including daily bank reconciliation, journal entries, general ledger, recovery, accounts payable, accounts receivable, year-end billing processes
- Timely and accurate preparation of monthly account analysis, reconciliations and property files; analysis while investigating the cause of variances and propose trouble-shooting solutions
- Prepare year-end audit package and entity financial statements and liaise with external auditors
- Preparing intercompany reconciliation statements and ensure all accounting records related to all properties are kept up to date in the financial reporting system within guidelines
- Review and analyze financial information and process the information efficiently and take appropriate actions with minimal supervision to address and resolve the matters
- Facilitate monthly cheque runs for vendors
- Liaison with property managers to discuss rent arrears, expenses, new tenants, etc.
- Assist with future migration/automation of financial reporting software
Requirements
- University Degree in Finance or Accounting is mandatory
- Minimum 2 years experience in property accounting, bookkeeping, or with a professional accounting firm
- Strong computer literacy with experience in the use of MS Office programs, project management tools with strong tech skills are a must
- Professional accounting designation (i.e., CPA), or actively enrolled in the CPA program, is mandatory
- Experience with Yardi considered an asset
- Experience and understanding of IFRS considered an asset
- High level of attention to detail and accuracy
- Ability to respond to periodic intensive workloads
- Strong organizational skills and ability to efficiently multi-task and prioritize work
- Demonstrate ability to communicate and interact effectively at all levels of the organization
- Excellent written/verbal communication skills to compose a variety of correspondence and ensure accuracy of material
Considerations
- Schedule: Monday to Friday
- Work location: In office in Toronto, ON (downtown)
- Professional experience: Ability to obtain eligible hours for CPA designation and appropriate sign-off from CPA mentor
About Pier 4 Ltd.
Pier 4 Real Estate Investment Trust is a private REIT that invests in multi-family buildings. We look to acquire core and value add assets all across Canada providing our investors an opportunity to diversify their portfolios and gain investment exposure to high level real estate projects. Our team has over 35 years combined experience in real estate acquisitions, asset management and property management. We partner with industry leaders to identify, acquire, maintain and exit in a professional manner. Pier 4 REIT has aligned strategic partnerships in the real estate industry to ensure your investment is earning the highest return. From high level capital budgeting and property management to seeking out new acquisitions, Pier 4 REIT will always insure full transparency.
This is not an offer or solicitation to buy or sell securities of any kind. For more information including risks, redemption restrictions, and long term business objectives, refer to the Offering Memorandum dated September 1, 2023.