Manager, Income Property Accounting en Beedie

Position Overview

Responsible for the financial accounting and reporting of Beedie’s Property Management operations and 16 million square foot portfolio of industrial and commercial properties. A key member of both the Asset Management and Finance teams, providing decision support through critical thinking, creativity and collaboration. Oversee key Finance deliverables, including financial and management reporting.

Requires a strong grasp of the operational intricacies of property and asset management, balanced with a solid understanding of financial reporting and GAAP compliance

Operational decision support

Provide strategic decision support to Property / Asset Management

Analyze capital plan, budgets and cost recoveries

Review annual operating budgets and quarterly forecasts for each property. Support Property Managers in maximizing cost recoveries from tenants

Review cash flow forecasts and distribution analysis prepared by property management accountants; oversee annual budgets and liaise with property managers to ensure maximum recoveries of planned spend

Review and analyze lease agreements; provide recommendations and comments to management/legal

Oversee property assessments and liaise with external consultants to minimize property taxes

Recommend and implement new financial systems, controls and processes in collaboration with Asset Management and Finance teams keeping in mind operational efficiency

Drive efficiency in processes through detailed review of lease set up in Yardi and standardization of deliverables

Identify opportunities to provide value to the property manager and Leadership teams through a deep understanding of the lease/asset and business requirements

Accounting and Reporting

Oversee the accounting and finance related activities for the Property Management operations and all entities that own income producing properties

Support year-end audit, including preparation of certain working papers, analysis and other support as required

Support reporting to third party investors, including quarterly investor report and cash forecast

Oversee all tenant billings and collections, including annual CAM reconciliation. Review and monitor tenant accounts receivable to ensure timely collection. Coach team in providing necessary support for tenant charges to reduce questions and speed up recoveries

Review lease new lease set up and amendments to ensure accuracy of information

Review financial statements and property working papers, highlighting variances and seeking answers to resolve identified issues

Work with project accounting to assist in the transfer of completed projects to asset management through review of cost allocation models and oversee transfer journal entries

Support in development of reporting dashboards for property and asset management operations

Leadership

Awareness of the unique needs and requirements of both the Finance and Property / Asset Management teams, providing leadership to both groups in an effort to support an environment of collaboration and continuous improvement. 

Promote culture of teamwork through assisting, coaching, and directing other staff as appropriate

Manage team of seven property accountants, one assistant manager, and one accounts receivable clerk

Helps identify gaps in capability, motivation, and/or license of team members and works with Senior Manager to develop a plan to coach team members

Dives into detail with the property accountant as needed to work through issues together and show them how to be successful

Understands the nature of competing priorities and supports the team in making reasoned choices in what to focus on week to week, and throughout the year

University degree and accounting designation (CA, CPA, CGA, CMA)

Proven leader with 5 or more years’ experience in Property/Asset Management operations and accounting

Strong understanding of GAAP, REALpac and financial reporting requirements

Intermediate to advanced knowledge of MS Office

Experience with Yardi or other property management specific software

Excellent communication and interpersonal skills with a natural inclination for collaboration

Naturally curious with a willingness to challenge assumptions and ask the hard questions

An organized self-starter with a strong work ethic who is able to work both independently and collaboratively within a team environment

Ability to prioritize work and manage multiple tasks, likely with competing priorities

Strong attention to detail balanced with an awareness of the bigger picture

Experience creating reporting dashboards in Power BI or other visualization software an asset

Capacity to connect with construction and development teams, understand their perspectives and communicate effectively with an operational mindset