Job Description
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $85 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
www.quadreal.com
Role Description:
Reporting directly to the Accounting Manager, the Senior Property Accountant is responsible for adding value to QuadReal by providing meaningful financial information that is professional, accurate and free of material misstatements, while living and embodying the QuadReal values:
Integrity – Integrity is our foundation
Collaboration – Collaboration is our strength
Performance – Performance is our focus
Innovation – Innovation is our mindset
Responsibility – Responsibility is our promise
This role will focus on a complex portfolio of commercial properties, specifically including retail, office, and industrial assets across the Eastern region. The Senior Property Accountant will manage the accounting functions for these diverse property types, ensuring accurate financial reporting, reconciliations, and performance analysis to support decision-making and portfolio optimization.
Responsibilities include but are not limited to:
Produce monthly and /or quarterly financial statements as specified by QuadReal policy/requirements.
Incorporate high-level thinking and analysis when preparing financial statements and recognize when to adjust for material items and / or explain material variances.
Utilize analytical skills to review work both at high and grass-root level to present meaningful NOI analysis.
Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way; ensure all processes related to balance sheet items are completed and reviewed.
Understand property expenditures and revenues; hard book expense accruals, adjusting only when necessary.
Communicate and escalate as required on a timely basis any material issues, reporting or collaboration gaps or roadblocks.
Review and approve leases and lease review checklists thoroughly and in a timely manner; ensure set-ups agree with lease language for all items including, but not limited to; rental charges, security deposits, TI and/or LLW amounts and applications thereof and correct interpretation and application of any other relevant clauses; ensure and maintain proper set-up of straight-line rent, recoveries, and any other accounting -related processes that are lease driven.
Ensure files are saved according to QuadReal standard set up on shared drive and/or Commercial Property Accounting Info Site and that they are professional and transparent.
Set up and maintain tenant’s recovery in Yardi recovery model in accordance with lease language; use Yardi recovery model to calculate and record monthly and annual operating costs and realty tax recovery adjustments, billings, and estimates.
Monitor and be aware of large cash flows items; ensure cash distributions/cash calls and HST reconciliations are completed in a timely manner and are free of material errors.
Compile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputes.
Complete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset.
Review capital and leasing job costs monthly; ensure jobs are set up correctly with proper status and current forecast information.
Prepare intelligent property budgets and reforecasts within assigned deadlines adhering to QuadReal process.
Support acquisition and disposition activity as required including post-closing adjustments; ensure trial balances or outstanding items are cleaned up in a timely manner after disposition.
Communicate efficiently and effectively, in a professional manner, with all QuadReal employees and others outside the organization.
Support other departments as needed with reconciliations, tenant inquiries, financial analysis, etc..
Provide supplementary reporting or details as required by the client.
Provide input/feedback for improving procedures and initiating quality and efficiency enhancements.
Other duties as assigned from time to time.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
www.quadreal.com
Role Description:
Reporting directly to the Accounting Manager, the Senior Property Accountant is responsible for adding value to QuadReal by providing meaningful financial information that is professional, accurate and free of material misstatements, while living and embodying the QuadReal values:
Integrity – Integrity is our foundation
Collaboration – Collaboration is our strength
Performance – Performance is our focus
Innovation – Innovation is our mindset
Responsibility – Responsibility is our promise
This role will focus on a complex portfolio of commercial properties, specifically including retail, office, and industrial assets across the Eastern region. The Senior Property Accountant will manage the accounting functions for these diverse property types, ensuring accurate financial reporting, reconciliations, and performance analysis to support decision-making and portfolio optimization.
Responsibilities include but are not limited to:
Produce monthly and /or quarterly financial statements as specified by QuadReal policy/requirements.
Incorporate high-level thinking and analysis when preparing financial statements and recognize when to adjust for material items and / or explain material variances.
Utilize analytical skills to review work both at high and grass-root level to present meaningful NOI analysis.
Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way; ensure all processes related to balance sheet items are completed and reviewed.
Understand property expenditures and revenues; hard book expense accruals, adjusting only when necessary.
Communicate and escalate as required on a timely basis any material issues, reporting or collaboration gaps or roadblocks.
Review and approve leases and lease review checklists thoroughly and in a timely manner; ensure set-ups agree with lease language for all items including, but not limited to; rental charges, security deposits, TI and/or LLW amounts and applications thereof and correct interpretation and application of any other relevant clauses; ensure and maintain proper set-up of straight-line rent, recoveries, and any other accounting -related processes that are lease driven.
Ensure files are saved according to QuadReal standard set up on shared drive and/or Commercial Property Accounting Info Site and that they are professional and transparent.
Set up and maintain tenant’s recovery in Yardi recovery model in accordance with lease language; use Yardi recovery model to calculate and record monthly and annual operating costs and realty tax recovery adjustments, billings, and estimates.
Monitor and be aware of large cash flows items; ensure cash distributions/cash calls and HST reconciliations are completed in a timely manner and are free of material errors.
Compile audit files and supporting documentation as required for annual property audits or tenant inquiries / disputes.
Complete year end operating cost adjustments and tenant billings for assigned properties within allotted period according to requirements for asset.
Review capital and leasing job costs monthly; ensure jobs are set up correctly with proper status and current forecast information.
Prepare intelligent property budgets and reforecasts within assigned deadlines adhering to QuadReal process.
Support acquisition and disposition activity as required including post-closing adjustments; ensure trial balances or outstanding items are cleaned up in a timely manner after disposition.
Communicate efficiently and effectively, in a professional manner, with all QuadReal employees and others outside the organization.
Support other departments as needed with reconciliations, tenant inquiries, financial analysis, etc..
Provide supplementary reporting or details as required by the client.
Provide input/feedback for improving procedures and initiating quality and efficiency enhancements.
Other duties as assigned from time to time.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Property Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
