Thursday, March 11, 2010

Regional Accounting Manager





CAP REIT (Canadian Apartment Properties Real Estate Investment Trust) is a growth-oriented investment trust that owns and operates multi-unit residential complexes, including apartment buildings and townhouses, located in major urban centres across Canada.


 


We are always looking for dynamic, business-minded and customer-focused professionals with excellent communication skills to join our family Canada wide. We offer competitive compensation and benefits with opportunities to develop your career in a growth-oriented organization.


Title: Regional Accounting Manager


: Regional Accounting Manager

Reports To:  Controller




Position Summary
:  The preparation of monthly financial statements for properties in a designated region. Provide financial support and analysis to the Associate Vice President, Operations.


 


Responsibilities:


 


Financial Reporting                                                                                                  


§      Preparation of monthly financial statements and variance analysis for a Regional


     Portfolio of properties in accordance with CAP REIT's procedures & policies     


§      Preparation of monthly journal entries                                                         


§      Preparation of monthly account analysis including asset & liability accounts       


§      Monthly review of AR, LMR and LMR interest sub ledgers                       


§      Co-ordinate Annual budget and prepare specific income statement accounts in conjunction with OM and AVP                                                                                                                 


§      Recommend changes to procedures and policies, as required                       


§      Ensure compliance of petty cash policy                                                         


 


Procurement                                                                                                             


§      Provide guidance on GL coding of expenditures


§      Monthly review of key reports and escalate exceptions to AVP:                           


o       Compliance issues - vendor/ employee                                              


o       Invoice Discrepancies                                                                         


o       System Issues                                                                                      


o       POs received not invoiced, etc                                                           


 


Revenue                                                                                                                                


§      Weekly review of tenant refund cheques


§      Lease corrections and deposit issues                                                                         


§      Monthly review of key reports:                                                                      


o       Review of Rent and Parking Rent Roll                                             


o       Review of Commercial Tenant Charge backs (ie. hydro, etc)          


o       Security Bank Deposit Accounts - ensure sufficient funds on deposit


o       Reconciliation of Security Bank Deposit Account(s)                        


o       Ensure Renewal % and AGI % are accurately processed                  


o       Review of Monthly Bad Debt Provision and Quarterly approval by AVP, Operations


Other                                                                                                                                     


§      Provide financial guidance to Regional Procurement Specialist & Revenue Specialist


§      Summarize Crew Staff time sheets                                                                 


§      Review Regional payroll reports provide variance analysis comments       


§      Recommend Staff training for Region                                                          


§      Advise system issues & make recommendations for enhancements             


§      Work with Head Office on acquisition setups                                               


§      Assist Director of Compliance with Site Visits                                              


§      Handle queries from Operations staff & auditors                                          


§      Other projects as assigned by Controller                                                       


Qualifications


§      CMA, CGA designation or close to completion


§      2-4 years relevant industry experience and financial statement preparation


§      Excellent knowledge of GAAP


§      Must be well organized, responsible, deadline oriented, flexible and able to multi-task


§      Excellent communication skills, written and verbal


§      Proficiency in excel is a requirement


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