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Property Accountant (2025-7556)

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Verve Senior Living

2mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
  • North York

AI generated summary

  • You need a university degree in accounting, 2-3 years of experience, strong Excel skills, effective communication, and a positive attitude. Experience with Sage 300 and retirement residences is a plus.
  • You will handle the full accounting cycle, prepare financial statements, manage accounts, analyze variances, monitor cash flow, assist with audits, and ensure compliance with regulations.

Requirements

  • Must hold a university degree in accounting and working towards designation.
  • Must be detailed-oriented and a team player with at least two to three years of progressive accounting experience.
  • Must have a positive “can do” attitude with a proven track record for meeting/exceeding deadlines, and produce accurate work.
  • Excellent working knowledge of Excel and computerized accounting systems.
  • Must be able to communicate effectively, both written and orally, in the English language.
  • Must be willing to learn new concepts in the monthly accounting cycle.
  • Must be self motivated, possess strong organizational and analytical skills and have the desire to learn.
  • Understanding of the Retirement Residences Regulations and experience with retirement living is an asset.
  • Experience with Sage 300 as asset.
  • Experience working with multiple entities simultaneously.

Responsibilities

  • Works with the full accounting cycle, including general ledger, account reconciliation, accounts payable, accounts receivable, and payroll for residences and Corporate entities.
  • Prepares journal entries for both day-to-day and month-end transactions.
  • Preparation of monthly financial statements, working papers, and financial reports
  • Maintains and reconciles sub-ledgers to G/L.
  • Prepares/assists with monthly balance sheet reconciliations and a complete set of year end working papers.
  • Reviews financial information, analyzes and processes that information, and takes the appropriate action if necessary.
  • Analyzes, investigates, and resolves monthly variances.
  • Prepares monthly variances report on significant matters to the operations and/or controller.
  • Responsible for remittance of payroll related amounts, including Federal tax, CPP, EI, Workers Compensation and EHT.
  • Monitors cash flow and prepares cash flow projections, where applicable.
  • Prepares budgets and forecasts for residences and Corporate entities.
  • Tracks capital expenditure again capital budgets and ensures proper categorization and depreciation of assets.
  • Advises and provides finance support to the residences as required.
  • Liaises with resident GM’s and research and resolve residences inquiries.
  • Ensures compliance with GAAP.
  • Prepares year-end audit packages and liaises with external auditors.
  • Ensure that all regulatory and government returns and reporting (GST/HST, annual returns) are filed on time.
  • Coordinates and works with investor group in order to comply with their requirements in a timely manner.
  • Works independently and with minimum supervision.
  • Complies with all corporate policies and procedures.
  • Completes all required mandatory training and education.
  • Performs other related tasks as delegated by the Controller and/or Director of Finance.
  • Some travel required.
  • Complies with the Occupational Health and Safety Act, Workplace Safety and Insurance Act, and Workplace Hazardous Material Information System. This includes recognizing health and safety hazards, reporting incidents, fulfilling responsibilities under the applicable legislation, as well as participating in in-services and fire drills.
  • Complies with all corporate policies and procedures.
  • Completes all required mandatory training/education.
  • Please note: This is a Hybrid Remote position.

FAQs

What is the main accountability objective of the Property Accountant role?

The Property Accountant is responsible for various aspects of the monthly full accounting cycle for certain residences and corporate entities, including reconciliations, payroll, compliance, financial reporting, tax compliance, forecasting, budgeting, and improving financial reporting systems.

What qualifications are required for this position?

Candidates must hold a university degree in accounting and be working towards their designation, with at least two to three years of progressive accounting experience.

What skills are essential for this role?

Strong attention to detail, organizational and analytical skills, excellent proficiency in Excel and computerized accounting systems, and effective communication skills in English are essential for this role.

Is experience with Sage 300 preferred for this position?

Yes, experience with Sage 300 is considered an asset for this role.

What are the key responsibilities of the Property Accountant?

Key responsibilities include managing the full accounting cycle, preparing journal entries and financial statements, reconciling sub-ledgers, analyzing financial information, preparing budgets, and ensuring compliance with GAAP.

Will the Property Accountant need to interact with external auditors?

Yes, the Property Accountant is responsible for preparing year-end audit packages and liaising with external auditors.

Is previous experience in retirement residences beneficial for this job?

Yes, understanding of the Retirement Residences Regulations and experience with retirement living is considered an asset.

Is travel required for this position?

Yes, some travel may be required for this role.

What does the hybrid remote work model entail?

The hybrid remote work model allows for a combination of remote work and on-site responsibilities, providing flexibility in work arrangements.

Are there specific health and safety regulations that the Property Accountant must comply with?

Yes, the Property Accountant must comply with the Occupational Health and Safety Act, Workplace Safety and Insurance Act, and other related health and safety regulations.

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Verve Senior Living

Inspired Senior Living

Science & Healthcare
Industry
501-1000
Employees
1980
Founded Year

Mission & Purpose

Retirement living can be active, inspiring, and fulfilling. We know because we help make it a reality every day. Visit one of our retirement residences and see what living with Verve is all about. Retirement living can be inspired, and inspiring. Every day our residents prove that the historical definition of senior living can be reshaped and rethought. Aging doesn't mean that life should suddenly cease to be fulfilling or lived without spirit and vitality. We strive to create an environment where mind, body, and spirit can flourish means having programming, amenities, and staff that are second to none. With more than 30 communities all over Canada, we strive to continuously reinvent senior living.