Manager, Accounting

Morguard

$110K — $120K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Accounting, or equivalent.
  • Minimum of 7 years of accounting experience in real estate, focusing on lease/revenue accounting.
  • Intermediate to advanced proficiency in MS Office applications.
  • Knowledge of internal controls is essential.
  • Accounting designation or actively pursuing one.

Responsibilities

  • Oversee day-to-day general accounting activities, ensuring accuracy and compliance.
  • Manage cash analysis and requirements for various projects and initiatives.
  • Prepare and approve monthly/quarterly reconciliations and oversee operational cost recoveries.
  • Collaborate on developing and refining company-wide accounting policies and procedures.
  • Establish strong internal/external stakeholder relationships to facilitate timely information sharing.
  • Oversee the budget and forecasting process, ensuring deadlines are met.
  • Enhance reporting processes in collaboration with IT for improved analytics and usability.
  • Manage, train, and develop property accounting staff, fostering a strong team environment.

Benefits

  • Collaborative and inclusive workplace culture prioritizing employee wellbeing.
  • Opportunities for professional growth and development.
  • Access to a diverse portfolio of real estate assets across North America.
  • Comprehensive benefits package support for employees and families.
  • Support for work-life balance and adherence to AODA requirements.
Full Job Description
Where You'll Add Value

The Manager, Accounting is accountable to the Controller for overseeing performance of a variety of accounting functions for an assigned portfolio ensuring the integrity of all financial information is recorded in strict compliance with corporate policies and procedures and existing internal controls.

How You'll Make a Difference

1. General Accounting

Responsible for and is personally involved in the day-to-day accounting activities, including analyzing records, preparing financial statements and liaising with various departments, peers, service providers and executives, to ensure the integrity of all information recorded and accurate reflection of the financial state of a given portfolio.

2. Cash Management

Oversees the analysis and monitoring of cash requirements for mortgages, development projects, capital expenditures, distributions, acquisition, disposition, 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.

3. Reconciliations

Oversees the preparation and approves monthly/quarterly accounting, compliance and vendor/tenant reconciliations and ensures closure of any steps required to resolve. As assigned, prepares and/or reviews calculations for recovery of operating costs from tenants, including interpreting the financial aspects of lease clauses relating to recovery of costs.

4. Continuous Improvement

Reviews, contributes to the development and implementation of company-wide policies and procedures within the accounting team and across functional lines , in order to improve efficiency as well as recommend any necessary changes to reflect changing business process or external accounting practices and regulations environment.

5. Stakeholder Relationships

Effectively communicates and develops relationships with various internal/external functions to ensure timely submission of information in accordance with various business processes and to provide responsive and high- quality service, advice and assistance to internal client groups, while providing support when complex accounting issues arise.

6. Budgeting and Reforecasting

Communicates and oversees the annual budgeting/quarterly forecasting plan and year-end timelines to the accounting team , while coordinating and planning schedules to ensure a timely close and proper review/sign off of statements.

7. Accounting Reporting Processes

Oversees the accounting reporting process and provides insight into discrepancies and variances to ensure the integrity of reports, while also working with the Information Technology group to enhance current report formats or create new reports in order to better meet the needs of end user groups.

8. Management and Development of Staff

Is responsible for hiring, on-the-job training, managing and coaching of property accounting personnel.

9. Special Projects

Assists or completes ad hoc projects assigned by Manager or Controller (ex. assisting with the research, development and implementation of emerging technical accounting requirements or processes) to ensure that the corporate finance group is complying with current standards and is prepared for any changes to such standards in the future.

Any other job related duties and/or projects that may be assigned.

The Expertise You'll Bring
  • Bachelor's degree in a related field (e.g. Business, Accounting, etc.) or equivalent
  • Minimum of 7 years of relevant accounting experience with exposure to lease/revenue accounting in a real estate setting
  • Intermediate to advanced working knowledge of MS Office applications
  • Working knowledge of internal controls.
  • Accounting Designation or enrollment in the program to achieve an accounting designation.


Core Competencies
  • Excellent communication skills (both written and verbal)
  • Good organizational and time management skills
  • Strong analytical and problem solving skills
  • Attention to detail
  • Effective management and team building skills
  • Ability to multi-task
  • Lease interpretation skills
  • Deadline oriented.


Preferred Qualifications and Experience
  • Familiarity with YARDI package is an asset.
  • Understanding of Realty Tax legislation within Property Management field is an asset.


Why You'll Love Working at Morguard
At Morguard, we're committed to creating an environment where our people can thrive. Here's what you can expect when you join our team:
  • A collaborative, inclusive workplace culture that prioritizes employee wellbeing and safety.
  • Meaningful opportunities for professional growth and development.
  • Exposure to a diverse portfolio of real estate assets across North America.
  • A competitive compensation and benefits package designed to support you and your family.
  • Support for work-life balance, along with accessible employment practices that meet AODA requirements.


Annualized Base Salary Range: $110,000-$120,000 CAD.

Pay Equity

The salary range listed for this position reflects the anticipated compensation at the time of posting. Actual compensation offered may vary and will be determined by factors including, but not limited to, experience, education, skills, certifications, internal pay equity and business needs.

Locations Ottawa Regional Office-350 Sparks Street (350 Sparks Street Office) Employment type Full-time

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