Tricon Residential is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential.

We strive to be North America’s premier rental housing company. Our business philosophy involves taking care of our team first – empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family. This is how we continue to grow, and it is an approach that has proven to generate positive returns for our stakeholders. For more information, visit Tricon Residential.

Job Description

The Manager, Commercial Property Accounting is responsible for the development and execution of our commercial and retail accounting platform, establishing accounting and reporting processes, and the implementation of the Yardi commercial module. The Manager, Commercial Property Accounting serves as a subject matter expert for commercial and retail property accounting and delivers full-cycle accounting for a growing portfolio of mixed-use properties in Ontario.

This hands-on role ensures accurate financial reporting, rent and recovery processing, budget variance analysis, cash flow forecasts, and compliance with IFRS. They have an ability to work collaboratively with many stakeholders across the organization, including the property management and asset management teams. The successful candidate will bring a strong understanding of commercial and retail property accounting, as well as recovery accounting experience and the desire to excel in a start-up environment.

Essential Duties and Responsibilities:

• Design, set-up and scale a robust commercial and retail accounting platform in collaboration with property management and other stakeholders.
• Lead and actively contribute to the Yardi commercial module implementation project, as a representative for the accounting department.
• Set-up and continuously improve commercial and retail property accounting and reporting processes.
• Provide training and support to internal stakeholders on accounting processes and system use, including supporting property management with rent roll set-up and tenant adjustments.
• Prepare and review accurate and timely monthly and quarterly financial statements for assigned properties, including income statements, balance sheets, and cash flow statements in collaboration with property and asset management.
• Prepare and post journal entries, oversee reconciliation of bank accounts and accuracy of the general ledger.
• Complete CAM (Common Area Maintenance), property tax, and utility recoveries and reconciliations in accordance with lease terms.
• Ensure proper HST treatment on rent and recoveries per CRA guidelines and oversee preparation of monthly HST filings.
• Prepare and review working paper packages to support investor and external audit requirements.
• Assist in the preparation and analysis of annual operating budgets, quarterly forecasts, and variance analysis.
• Review and interpret lease agreements to ensure accounting treatment reflects terms accurately (e.g., free rent periods, escalation clauses, straight-lining).
• Coach, mentor and provide feedback to assigned direct reports.
• Coordinate, collaborate and clearly communicate with internal and external customers, including, but not limited to property managers, maintenance staff, auditors, tax consultants, etc.,
• Participate in special projects and perform other ad-hoc tasks as assigned and develop/maintain standard operating procedures & training documentation.
• Maintain compliance with internal controls, accounting standards (ASPE and IFRS), and corporate policies.

Qualifications:

• Prior experience designing and setting up a commercial and retail accounting platform, including establishing accounting and reporting processes.
• Working knowledge of HST rules applicable to commercial leases.
• Advanced proficiency in Microsoft Excel and experience with other Microsoft Office products.
• Self-starter who is able to work independently in a fast-paced, start-up environment.
• Demonstrates strong attention to detail and adheres to high standards for work quality.
• Excellent verbal and written communication skills and interpersonal skills.
• Self-motivated with strong work ethic and willingness to roll-up sleeves.

Minimum Requirements:

• University degree in Finance or Commerce.
• 5+ years of retail property accounting experience, including operating cost recovery experience, with at least 2+ years of people management experience.

Preferred Attributes:

• CPA designation.
• Strong working knowledge of Yardi, system implementation experience and knowledge of Yardi commercial module.
• Working knowledge of IFRS or ASPE.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

• Frequently required to sit, talk, and hear.
• Frequently required to stand and move; use hands to grasp, squeeze, finger, handle, and feel; reach, push, and pull with hands and arms; occasionally required to twist; reach overhead; stoop, kneel, squat, bend, and crouch.
• Occasionally lift, carry, and move up to 10 pounds.
• Vision abilities required by this job include close vision, distance vision, and depth perception.

We are committed to fostering an inclusive and accessible recruitment process. If you require accommodations at any stage of the hiring process, please let us know, and we will work with you to meet your needs.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.