Senior Accountant

IKO Industries   •  

Ontario, CA

Industry: Real Estate & Construction

  •  

5 - 7 years

Posted 53 days ago

Hove Street Properties is a real estate services company involved with the management, acquisition and disposition activity of a diverse real estate portfolio of over 10 million square feet across Canada and the United States. Primarily focused on the industrial asset class, Hove Street is responsible for the asset management of privately-held investment holdings, both 100% owned and in joint ventures, as well as managing the real estate needs, through acquisition, leasing and disposition, of the real estate requirements of various related operating companies and manufacturing concerns in both Canada and the U.S.

Role & Responsibilities

  • Lead the accounting function of the acquisition of a portfolio of 17 properties, including (i) design the Accounting Reporting Package that is to be prepared and maintained by third party property managers; (ii) design, map, and setup the GL accounts and entity IDs for the 17 properties in MRI; (iii) prepare the skeleton of the consolidated financial statements of the 17 properties
  • Work collaboratively with the Global Treasury Team to setup the treasury function of the 17 properties, including the setup of bank accounts, wiring instructions, positive pay files, etc
  • Design a KPI dashboard for the performance of the acquired portfolio
  • Develop and maintain positive relationship with the third party property managers' accounting team and oversee the function of that team
  • Review monthly accounting reporting packages prepared by third party property managers
  • Responsible for the HST filing of the acquired portfolio
  • Prepare the consolidated financial statements of the acquired portfolio
  • Lead and support the external audit of the acquired portfolio • Other ad-hoc projects

Financial Planning and Analysis

  • Report on and make recommendations to Senior Management on KPIs of investment portfolios and JV Partners
  • Develop, analyze and communicate ad hoc financial results to the business
  • Provide assistance to the Controller with preparing Shareholder report and Investment Reporting Package
  • Design and introduce innovative financial analysis and models to manage and support key strategic decisions and long-term plans, such as cashflow forecast and capital investment analysis
  • Prepare board meeting materials and presentations for senior management Maintain mortgage and promissory note schedules
  • Maintain and monitor preferred returns due to the Shareholders
  • Assist with business transactions such as acquisitions, dispositions, spinoffs, and amalgamations
  • Review asset management fees schedule prepared by third party asset managers
  • Lead the transition for those processes that still rely on manual Excel-based reporting to an automated platform by working directly with stakeholders to ensure accuracy and compliance with internal controls

Corporate Accounting

  • Prepare and ensure compliance with the monthly, quarterly and annually operational and reporting deliverables; including balance sheet, income statement, statement of cashflow
  • Review monthly property-level financial analysis prepared by junior staffs on the team and by third party management companies
  • Prepare distribution waterfall schedules and lead the distribution process
  • Prepare cash call schedules and lead the cash call process
  • Support the annual audit/review process, including communication with the audit teams, coordination of requirements within the accounting team

Taxation

  • Review US tax returns and tax forms, such as Form 8804, Form 8805, and Form 1065 prepared by Service Provider
  • Ensure timely instalment tax payments and the filing of Canadian and US tax returns
  • Prepare Canadianization tax schedules for non-US investors


Required Skills and Experience

  • 5-7 years of professional work experience working with publicly traded real estate or asset management company
  • Sound knowledge of ASPE and/or IFRS • Adept at prioritizing tasks and managing time
  • Experience with preparing monthly reporting packages for Shareholders
  • Experience with preparing and reviewing Canadian and US tax returns (partnership and corporate) and Canadian commodity tax returns
  • Experience working with internal and external auditors
  • Strong interpersonal and communication skills
  • Advanced proficiency with MS Excel (eg. pivot tables, index, indirect, v/hlook ups)
  • Commercial real estate accounting experience
  • Experience with MRI