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.