About the role
Title : Manager, Corporate Accounting
Reports To: Senior Manager, Finance and Accounting
Position Summary: The Manager, Corporate Accounting is responsible for the preparation and maintenance of the accounting records of CAPREIT's Corporate Accounting division which includes general accounting, budgeting and forecasting. The position will work closely with and lead the members of his/her team as well as other various stakeholders to ensure the accuracy and completeness of the accounting records relating to capital expenditure, development, and other corporate functions.
Responsibilities Capital Expenditure and Development
- Oversee and monitor that the capital expenditure accounting policy has been applied consistently and accurately across the regions
- Manage the month-end process to ensure capital expenditure related jobs are complete and accurate while supporting regional controllers and analysts on month-end close process as required
- Lead the implementation of development accounting within CAPREIT’s SAP or Yardi system
- Track spend on development projects and track them accurately against budget while providing insight to the development group on cost overruns / percentage of completion
- Assist with queries relating to capital expenditure and development
- Ensure the data and information in the fixed asset module and general ledger systems in the SAP are accurate, complete and reliable
- Review the budgets and forecasts of capital expenditure prepared by the regions to ensure assumptions are supportable
- Prepare MD&A schedules relating to current capital expenditure spend and forward projections (i.e. forecasts)
- Prepare monthly, quarterly and yearly schedules for the financial reporting team
- Update CAPEX and Development Accounting Policies
Head Office Support
- Lead and prepare monthly G&A variance analysis, budgets and forecasts for corporate departments. Work closely with corporate department VP/Directors to engage and support in business strategy and financial analysis.
- Lead the monthly account analysis for corporate balance sheet accounts
- Research new IFRS / RealPAC accounting policies and principles that will affect the accounting department
- Assist in the documentation & implementation of accounting policies and principles which may affect the SAP system or others
- Train accounting teams on any new accounting procedure or policy change
- Conduct regular meetings to promote two-way communication of best practices in business and system processes
- Provide support to the head office team relating to month-end, quarter-end, and year-end close
- Assist in the implementation of new accounting systems / processes
- Liaise with the auditors and their requirements
Special Projects
- Continuous review of business processes to ensure efficiency and effectiveness
- Ad hoc tasks as requested by senior management
Qualifications
- CPA designation or close to completion
- 3-5 years relevant accounting experience
- Attention to detail and high level of accuracy
- Excellent knowledge of IFRS applicable to area of responsibility
- Effective organization and time management skills
- Excellent verbal and written communication skills
- Proficiency in MS Excel is a requirement
- Proficiency in the SAP and/or Yardi system would be an asset
About CAPREIT
The Best Place to Live, Work and Invest.
Over 25 years, Canadian Apartment Properties REIT has grown from owning 2,900 apartment suites in Ontario to owning approximately 64,300 suites, townhomes and manufactured home community sites internationally as at December 31 2023. We have expanded and diversified across Canada’s strongest urban growth markets, as well as into Europe, where we have been operating for over a decade. Our investment property portfolio has grown to approximately $16.5 billion as at December 31, 2023
Quality Accommodations across Canada
At CAPREIT we treat our residents with the utmost respect and strive to meet their needs well beyond their rental apartment. The reason for our success is simple: We’re all about building happy, supportive, thriving communities that are friendly and welcoming. At the heart of our apartments, townhomes, and land lease communities are our residents. So that’s where our care starts. Visit one of our rental properties and find out for yourself why our units are so sought after. You may just make one your home.
Professional Management Team
We offer a professional, dedicated team with a unique proactive management style. CANADIAN APARTMENT PROPERTIES • REIT is a growth-oriented investment trust mandated to provide a safe, happy home to our thousands of residents and provide investors with long-term, predictable returns and cash distributions.
About the role
Title : Manager, Corporate Accounting
Reports To: Senior Manager, Finance and Accounting
Position Summary: The Manager, Corporate Accounting is responsible for the preparation and maintenance of the accounting records of CAPREIT's Corporate Accounting division which includes general accounting, budgeting and forecasting. The position will work closely with and lead the members of his/her team as well as other various stakeholders to ensure the accuracy and completeness of the accounting records relating to capital expenditure, development, and other corporate functions.
Responsibilities Capital Expenditure and Development
- Oversee and monitor that the capital expenditure accounting policy has been applied consistently and accurately across the regions
- Manage the month-end process to ensure capital expenditure related jobs are complete and accurate while supporting regional controllers and analysts on month-end close process as required
- Lead the implementation of development accounting within CAPREIT’s SAP or Yardi system
- Track spend on development projects and track them accurately against budget while providing insight to the development group on cost overruns / percentage of completion
- Assist with queries relating to capital expenditure and development
- Ensure the data and information in the fixed asset module and general ledger systems in the SAP are accurate, complete and reliable
- Review the budgets and forecasts of capital expenditure prepared by the regions to ensure assumptions are supportable
- Prepare MD&A schedules relating to current capital expenditure spend and forward projections (i.e. forecasts)
- Prepare monthly, quarterly and yearly schedules for the financial reporting team
- Update CAPEX and Development Accounting Policies
Head Office Support
- Lead and prepare monthly G&A variance analysis, budgets and forecasts for corporate departments. Work closely with corporate department VP/Directors to engage and support in business strategy and financial analysis.
- Lead the monthly account analysis for corporate balance sheet accounts
- Research new IFRS / RealPAC accounting policies and principles that will affect the accounting department
- Assist in the documentation & implementation of accounting policies and principles which may affect the SAP system or others
- Train accounting teams on any new accounting procedure or policy change
- Conduct regular meetings to promote two-way communication of best practices in business and system processes
- Provide support to the head office team relating to month-end, quarter-end, and year-end close
- Assist in the implementation of new accounting systems / processes
- Liaise with the auditors and their requirements
Special Projects
- Continuous review of business processes to ensure efficiency and effectiveness
- Ad hoc tasks as requested by senior management
Qualifications
- CPA designation or close to completion
- 3-5 years relevant accounting experience
- Attention to detail and high level of accuracy
- Excellent knowledge of IFRS applicable to area of responsibility
- Effective organization and time management skills
- Excellent verbal and written communication skills
- Proficiency in MS Excel is a requirement
- Proficiency in the SAP and/or Yardi system would be an asset
About CAPREIT
The Best Place to Live, Work and Invest.
Over 25 years, Canadian Apartment Properties REIT has grown from owning 2,900 apartment suites in Ontario to owning approximately 64,300 suites, townhomes and manufactured home community sites internationally as at December 31 2023. We have expanded and diversified across Canada’s strongest urban growth markets, as well as into Europe, where we have been operating for over a decade. Our investment property portfolio has grown to approximately $16.5 billion as at December 31, 2023
Quality Accommodations across Canada
At CAPREIT we treat our residents with the utmost respect and strive to meet their needs well beyond their rental apartment. The reason for our success is simple: We’re all about building happy, supportive, thriving communities that are friendly and welcoming. At the heart of our apartments, townhomes, and land lease communities are our residents. So that’s where our care starts. Visit one of our rental properties and find out for yourself why our units are so sought after. You may just make one your home.
Professional Management Team
We offer a professional, dedicated team with a unique proactive management style. CANADIAN APARTMENT PROPERTIES • REIT is a growth-oriented investment trust mandated to provide a safe, happy home to our thousands of residents and provide investors with long-term, predictable returns and cash distributions.