Job Description and requirements
Accounting Manager - Commercial Real Estate
Job description:
This is a senior, hands-on role ideal for someone who thrives in a fast-paced, entrepreneurial environment and can build processes, systems, and a team from the ground up.
Key Responsibilities
1. Financial Reporting & Oversight
Produce accurate monthly financial statements for each property/entity
- Maintain GL integrity, rent roll alignment, and complete bank reconciliations
- Prepare monthly reporting packages (P&L, cash flow, rent roll, variance analysis)
- Ensure records are audit-ready and support smooth year-end financials
2. Budgeting & Forecasting
Lead annual operating budgets for office, industrial, and retail/mall assets
- Build multi-year cash flow and performance forecasts
- Support CAPEX planning and long-term maintenance programs
- Work closely with property management teams to validate operational inputs
3. CAM/TMI Management & Reconciliation
Manage annual CAM/TMI (TMI) budgeting, allocations, and year-end reconciliations
- Ensure accurate tenant recoveries and clear tenant communication
- Strengthen internal processes for cost allocation, coding, and documentation
4. Audit & Lender Compliance
Prepare full year-end audit working papers and supporting schedules
- Act as the primary liaison with external auditors
- Manage all annual lender requirements, including:
- Property financial statements
- Rent rolls
- DSCR/LTV compliance calculations
- Budgets and CAM/TMI packages
- Supporting schedules and documentation
- Support refinancing, loan renewals, lender due diligence, and covenant tracking
5. Investment Analysis & Acquisitions
Build financial models for new acquisitions and refinancing scenarios
- Conduct NOI, cap rate, DSCR, IRR, and sensitivity analyses
- Evaluate debt structures (LTV, amortization, refinance return scenarios)
- Prepare investment memos and recommendations for ownership
- Participate in due diligence for acquisitions and financing events
6. Systems, Processes & Team Leadership
Implement and optimize property management/accounting systems (Yardi, MRI, etc.)
- Drive process improvement, automation, and reporting efficiency
- Lead, mentor, and supervise property accounting staff
- Establish strong internal controls and financial discipline across the real estate platform
Qualifications
7-12 years of experience in real estate finance or property accounting
- Solid understanding of office, retail, and/or industrial real estate operations
- Proven experience with CAM/TMI budgeting and reconciliation
- Strong financial modelling skills (NOI, DSCR, IRR, cap rate, refinance scenarios)
- Advanced Excel skills; Yardi/MRI experience is a strong asset
- CPA designation (or strong accounting foundation) preferred
- Experience working with lenders, auditors, and ownership groups
- Ability to work independently and build systems and processes from scratch
- Strong communication, leadership, and problem-solving abilities
- Comfortable operating in an entrepreneurial, high-accountability environment
Job Types: Full-time, Permanent
Benefits:
Extended health care
Experience:
Commercial Real Estate: 7 years (required)
Licence/Certification:
CPA qualification in Canada (required)
Work Location: In person
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