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Senior Property Accountant

ABOUT BROOKFIELD PROPERTIES

Brookfield Properties is a premier real estate operating company that provides integrated services across the real estate investment strategies of Brookfield Asset Management (“Brookfield”) — a global alternative asset manager with over $265 billion in AUM.  

Brookfield’s global investing expertise and access to large-scale capital, combined with Brookfield Properties’ well-established position as the commercial landlord of choice in many of the world’s most dynamic markets, provides a unique advantage. It also assures premier-quality commercial premises and optimal outcomes for our tenants, business partners and the communities in which we operate.

Our vertically integrated real estate capabilities are established in each of Brookfield’s target sectors and regions around the globe, ensuring that our assets are managed to maximize the tenant experience, with a focus on integrating new real estate technologies that keep us at the forefront of innovation and sustainability.

For more information, visit brookfieldproperties.com.

 

JOB SCOPE

Responsible for maintaining the general ledger and providing accurate, complete and timely reporting of the financial operations of assigned  properties (including but not limited to financial reporting, budgeting and forecasting).

 

RESPONSIBILITIES

General Accounting

•    Responsible for the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, job costing, expense recovery true-ups and GAAP/IFRS adjustments as needed.

•    Understanding of accounts payable (AP), accounts receivable (AR), cash receipts, bank reconciliations and lease administration functions of commercial real estate and how they drive the financial results of assigned properties.

•     Perform both detailed and high level analysis as required on assigned properties.

•     Assist Regional Controller/Managers in ad hoc projects as needed.

Financial  Reporting & Analysis

•    Accurate and timely preparation of periodic financial packages, forecasts & budgets including analyses and supporting schedules of all balance sheet and income statement accounts.

•     Provide explanations of significant variances in accounts as requested.

•     Data gathering for corporate income tax team and other tax compliance reporting.

•     Assist in resolving accounting issues and setting accounting standards that comply with company  policies and generally accepted accounting principles.

Audit and Compliance

•     Prepare detailed interim and year-end working papers and support schedules as needed for internal/external auditors.

•     Ensure compliance of mortgage loan covenants and reporting requirements.

•     Provide assistance with tenant audits.

•    Assist with corporation compliance requirements as needed.

Technical Skills and Other

•     Strong accounting skills with in-depth knowledge of US GAAP (specifically real estate); IFRS a plus.

•     Strong analytical ability; understands details as well as big picture; provides meaningful conclusions.

•     Strong communication and organizational skills; ability to handle multiple priorities; self starter.

•     Strong organization skills; able to provide results under tight deadlines.

•     5+ years of extensive exposure to commercial real estate accounting.

•     Proficient in PC based software - experience in CTI, Hyperion and/or Cougar/Argus a plus.

•     Bachelors degree in accounting or finance, professional accounting designation preferred.

 

 

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