JLL
real estate
PropertyAccountant
“Property Accountant at JLL. Skills: property accounting, financial reporting, variance analysis, financial statements preparation, general ledger reconciliation. Preparation of month-end, quarter-end, and year-end property accounting including financial statements according to accounting standards. Conducts comprehensive business-focused variance analysis and commentaries regarding variances”
Industry & Context.
Develop your analytical skills by examining financial variances and writing clear explanations about what you find.; Ability to work and analyze at a high level.
What They're Looking For.
Must Have
2+ years of property accounting experience, University Degree or College Diploma in an accounting related field of study, Proficiency in Microsoft Excel and enterprise level real estate systems is required, Working knowledge of month-end and accounting cycle for the preparation of full set of financial statements for properties, Preparation/review of financial statements, cash management, budgets, audit working papers and Tenant operating cost adjustments, Excellent communication including written and verbal communication skills, Highly organized with an exceptional attention to detail, Effective time management skills, works well under pressure to meet tight ability to handle multiple demands and competing ability to prioritize ability to work and analyze at a high willingness to learn in a dynamic environment that includes new ideas and change, The ability to perform with exceptional integrity, always striving to do the right thing and help to create an environment built on trust, honesty and respect, Keen interest and dedication to life-long learning and self-improvement, Dedication to service excellence for customers, clients, and team members with an eagerness to share ideas and look for opportunities to improve
Nice to Have
Commercial property accounting experience is preferred, Active enrollment in a recognized accounting program (CPA), experience with Yardi is preferred
What You'll Do.
Preparation of month-end
and year-end property accounting including financial statements according to accounting standards
Conducts comprehensive business-focused variance analysis and commentaries regarding variances
Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines
Responsible for property accounting journal entries including operating expense accruals
and other entries as required
and ensure processing of accounting related accounts payable such as audit fees
and tax remittances (GST/HST/QST/State Tax/etc.)
Prepare annual municipal property tax and other regulatory related financial and operational reporting requirements for review
Calculate and prepare tenant chargebacks as required such as direct use utilities to tenants
Setup and maintain straight line rent and responsible for straight line rent variance analysis
Contributes to the preparation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable such as: reviewing and validating leasing revenue
CAM & TAX recoveries by tenant
Create and maintain tenant CAM & TAX recovery models in accordance with tenant lease terms and prepares tenant year end CAM and Tax billings/invoicing in accordance with tenant lease terms
Key reviewer and contributor to the lease administration workflow including reviewing lease term inputs for accuracy and helping to determine recoveries and straight-line rent setups
Create and monitor cash flow projections
prepare cash call and distribution instructions
Support Property Managers and Property Administrators for any financial accounting questions or information as required
Reconcile and maintain a full understanding of all balance sheet and income statement accounts and prepare a detailed variance analysis of revenue and expenses
Assist with auditor requirements
Participate in special projects and process improvements
Ensure accounting processes are executed efficiently and effectively across the portfolio
and technology and system generated reports are fully utilized
How You'll Work.
Team & Collaboration
As part of our collaborative environment, you'll have the opportunity to contribute to various projects and help improve our accounting processes.; Support Property Managers and Property Administrators for any financial accounting questions or information as required.; Dedication to service excellence for customers, clients, and team members with an eagerness to share ideas and look for opportunities to improve.
Communication Scope
Excellent communication including written and verbal communication skills.
Process & Methodology
Participate in special projects and process improvements.
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