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Senior Financial Analyst

Location

Head Office

Overview

Reporting to the Accounting Manager, the Senior Financial Analyst will be a key member of the commercial finance team and with the support of the accounting group is responsible for the following core areas of responsibilities:

1. Accounting supervision of the outsourced commercial property managers to ensure the accurate and efficient month-end reporting. This includes, but is not limited to ensuring all balance sheet accounts are fully supportable.

2. Monthly review and analysis of the property operating results to budget and reforecast, assist Accounting Manager in generating monthly operating financial reports for management and the board of directors, and make suggestions for business improvements.

3. Assist with financial consolidation of properties and corporate entries each month end, including preparation of adjusting entries, reconciliations and elimination of intercompany transactions.

4. Quarterly review of property reforecasts and preparation of variance analysis, investigate and explain significant variances.

5. Corporate accounting that includes:

- Preparation and review of the monthly accounting records.

- Preparation of acquisition accounting and communication of the entry to the outsourced property managers.

- Reconciliation of intercompany transactions.

- Review and process cash distributions.

6. Preparation of the consolidated quarterly and annual financial statements of the REIT in accordance with International Financial Reporting Standards (“IFRS”). This includes the preparation of accounting memos to document the accounting treatment with reference to IFRS standards, accounting for complex accounting areas and the preparation of the quarter and year end audit working papers and liaising with auditors.

7. Preparation of internal and external financial reporting, MD&A and note disclosures.

8. Implementation and continuous improvements of standard operating procedures (SOP) and Internal Control Over Financial Reporting (ICFR) for the finance group, managing and working on special projects and to provide support to executive management team as required.

Duties and Responsibilities

  • Manage, mentor and provide leadership to the outsourced property managers and finance team.
  • Collaboration with other departments on financial analysis and management reporting.
  • Continuously develop and implement process improvements, system automation , and other best practices to increase efficiency and accuracy of the corporate reporting function.
  • Ensure policies and procedures are adhered to and deadlines are met.
  • Participate in management meetings and provide input and reports as requested.

Requirements

  • Chartered Professional Accountant designation (CPA-CA or CPA) considered an asset but not required
  • Real estate industry experience is an asset
  • Yardi Voyager 7 and Workiva experience is an asset
  • 3 – 5 years of public accounting experience auditing clients or internal financial reporting experience preparing reporting under IFRS
  • Thorough understanding of accounting principles and IFRS.
  • Advanced Microsoft Excel skills
  • Strong organizational, analytical and time management skills.
  • Detail oriented, self-motivated and resourceful, with strong interpersonal and communication skills.
  • Proactive and self-directed with demonstrated ability to work independently and as part of a team.
  • Able to prioritize, multi-task and able to work in a changing, fast-paced environment
  • Able to deal with confidential information and demonstrate reliability and dependability
  • Task orientated, able to work well under pressure, willing to work overtime if needed.
  • Innovative