About the role
Title : Utility Accountant (*1 Year Contract*)
Reports To : Manager, Utilities Accounting
Position Summary : Management and validation of utility data and monthly financial reporting as it pertains to the assigned utility.
Responsibilities Processing of Utility Bills
- Review utility batches and release into the system ensuring accuracy of payee, amount, cheque date, consumption, charges
- Validate property address, invoice amounts and rate charges
- Liaison with the utility companies on late payment charges and other billing issues
- New/sold property billing issues
- Coordinate with RAM and RS on tenant charge backs, where applicable
Management of Utility Data
- Generate a utility file once a month and send to Utility consultant for assessment of required monthly accrual
- Monitor utility schedules on the Consultant's Utility Portal
- Work with Consultant and Controller on billing issues
- Assist in developing internal reporting /quarterly reports
- Correspond and resolve any issues with the data provided by the Consultant on a monthly basis
- Reconcile annual Utility contracts
- Validate & recommend volumes for renewing utility contracts, where applicable
Financial Reporting
- Coordinate the receiving of the monthly accrual file, assess and do a first level review of the data based on thresholds before passing and sending to the Controller for review and sign off of accrual file
- Generate the accrual JE and release into the system
- Ensure any monthly accrual issues are resolved in the following month
- Report variances with explanations on a consolidated basis, actual versus budget
- Preparation and reporting of quarterly report of utility consumption, rate and cost vs LY’s quarter by province
Budgeting
- Assess and review Consultants proposed budgets and validate rate changes
- Responsible to collect data for new acquisition and provide budget for same
Rebate Programs
- File, monitor and track Boiler rebates
Duties Other duties
- Responsible for month end binders
- Other projects as assigned by the Controller
- Review utility invoices, post for co-workers during their vacation time (cover-up)
Qualifications
- College diploma or University degree in Accounting or Business
- A minimum of 2 years of related experience
- Strong analytical and problem solving skills
- Ability to work under tight deadlines, multi-task and prioritize
- Ability to communicate effectively, both oral and written
- Must have strong working knowledge of MS Excel
- SAP experience 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 : Utility Accountant (*1 Year Contract*)
Reports To : Manager, Utilities Accounting
Position Summary : Management and validation of utility data and monthly financial reporting as it pertains to the assigned utility.
Responsibilities Processing of Utility Bills
- Review utility batches and release into the system ensuring accuracy of payee, amount, cheque date, consumption, charges
- Validate property address, invoice amounts and rate charges
- Liaison with the utility companies on late payment charges and other billing issues
- New/sold property billing issues
- Coordinate with RAM and RS on tenant charge backs, where applicable
Management of Utility Data
- Generate a utility file once a month and send to Utility consultant for assessment of required monthly accrual
- Monitor utility schedules on the Consultant's Utility Portal
- Work with Consultant and Controller on billing issues
- Assist in developing internal reporting /quarterly reports
- Correspond and resolve any issues with the data provided by the Consultant on a monthly basis
- Reconcile annual Utility contracts
- Validate & recommend volumes for renewing utility contracts, where applicable
Financial Reporting
- Coordinate the receiving of the monthly accrual file, assess and do a first level review of the data based on thresholds before passing and sending to the Controller for review and sign off of accrual file
- Generate the accrual JE and release into the system
- Ensure any monthly accrual issues are resolved in the following month
- Report variances with explanations on a consolidated basis, actual versus budget
- Preparation and reporting of quarterly report of utility consumption, rate and cost vs LY’s quarter by province
Budgeting
- Assess and review Consultants proposed budgets and validate rate changes
- Responsible to collect data for new acquisition and provide budget for same
Rebate Programs
- File, monitor and track Boiler rebates
Duties Other duties
- Responsible for month end binders
- Other projects as assigned by the Controller
- Review utility invoices, post for co-workers during their vacation time (cover-up)
Qualifications
- College diploma or University degree in Accounting or Business
- A minimum of 2 years of related experience
- Strong analytical and problem solving skills
- Ability to work under tight deadlines, multi-task and prioritize
- Ability to communicate effectively, both oral and written
- Must have strong working knowledge of MS Excel
- SAP experience 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.