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Senior Accountant, U.S. Multi-Family


Overview

Starlight is one of the most exciting real estate firms to work for in Canada with a track record devoted to creating long-term investor value. Starlight co-invests in each asset, creating meaningful alignment in each of its strategies including joint ventures with institutional partners, publicly traded real estate investment trusts and publicly traded real estate investment funds. As a member of the Starlight U.S. Multi-Family finance team, you will be responsible for the accounting, reporting and analysis of our portfolio of properties, including those owned by our public funds Starlight U.S. Multi-Family (No. 1) Core Plus Fund and Starlight U.S. Multi-Family (No. 2) Core Plus Fund, which currently includes 24 Class “A” multi-family buildings residing in the Southern US sun-belt markets totaling approximately 8,000 multi-family apartment units. 

Specific responsibilities include the review and analysis of property level results, consolidation of financial results, liaising with external partners including property management firms and external auditors, assisting with the preparation of internal and/or external disclosure documents (consolidated financial statements and MD&A – TSXV entities) and assist with the corporate accounting for each investment vehicle. You will also play a key role in the reporting and analysis of our key operational metrics used to evaluate and improve the performance of our business. 

The successful candidate must be able to effectively work with and manage external property management finance teams to ensure accurate and timely presentation of financial results. The candidate needs to be detail oriented, self-motivated, eager to learn, organized and possess the ability to think analytically while managing communication and various stakeholders within our organization.

 

Application

Qualified candidates can submit their resume to hr@wposborne.com

Duties and Responsibilities

Partnership with Asset Management and analysis of financial results

  • Analyze the monthly financial results of specific properties to understand performance and highlight key trends to management.
  • Act as a resource to our asset management team to highlight operational deficiencies or opportunities to improve the financial results of the properties.
  • Assist with preparation of budgets and analysis for budget inputs for the properties.

Property level results 

  • Review of monthly reporting packages provided by property managers for each property, including ensuring commentary reflects the underlying performance of the assets and is complete and accurate.
  • Review and assist with compilation of variance reporting on each property.
  • Understand Starlight policies and procedures relating to monthly financial close for each property and act as a key resource to continuously educate and reinforce policies with our property management firms responsible for day to day accounting of the properties.

Corporate accounting and reporting

  • Working with team to ensure accurate and timely preparation of the company’s monthly, quarterly and annual financial reporting information.
  • Detailed preparation of consolidated account reconciliations required to support external and internal reporting disclosures.
  • Preparing and reviewing corporate journal entries ensuring they are recorded accurately, in a timely manner and in accordance with Starlight accounting policies and procedures.
  • Assist with completion of monthly bank reconciliations for corporate bank accounts.
  • Key resource for annual audit execution and ongoing audit support for transactions.
  • Assist as necessary with the preparation of financial statements required for public (TSXV), partner and tax reporting.
  • Support closing of transactional activities (i.e. acquisitions, dispositions, refinancing, etc.), and prepare relevant accounting entries. 
  • Maintaining general ledger consistent with our legal entity structure, including oversight of intercompany reconciliations for complicated legal structures.
  • Process invoices and payments related to our properties or corporate expenses.
  • Assistance with special projects (e.g. public filings, accounting memos, various analyses).
Requirements
  • University degree in accounting or finance & CPA designation.
  • 2-3 years of progressive experience in finance/accounting roles, preferably in real estate.
  • Thorough understanding of IFRS accounting principles, practices and application.
  • Advanced Microsoft Excel skills and experience with Yardi software an asset.
  • Strong organizational skills and analytical mindset with ability to think outside of the box.
  • Detail oriented, self-motivated and resourceful, with strong interpersonal and communication skills (written/verbal).
  • Proactive & self-directed with ability to work independently/ as part of a team.
  • Able to prioritize, multi-task and work in a changing, fast-paced environment.
  • Experience with drafting financial statements and notes a strong asset. 
Location

Head Office

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