Senior Manager, Accounting NUMÉRO DE POSTE: 307149
About the Company
Our client is a leading real estate company. They are looking for a Senior Manager, Accounting who will be responsible for adding value to the company’s staff and clients through direct supervision of accounting staff to ensure accurate and timely financial information to better manage properties and budgets,
The Senior Manager, Property Accounting will utilize leadership and decision-making qualities in the continuous improvement of processes, proper training, development, and mentoring of property accounting staff to transfer knowledge, create a positive work environment and develop solid skill sets.
Why Work Here
- Collaborative Teams: While corporate environments vary by branch, peer-to-peer relationships are highly rated. Coworkers are frequently described as approachable, knowledgeable, and easy to work with.
- Fostering Belonging: The Company has dedicated, employee-led Employee Resource Groups (ERGs) equipped with independent operating budgets to promote global diversity, equity, and inclusion.
- Tuition Assistance: the company actively sponsors ongoing professional development, training designations, and internal education funding. Inconsistent promotion paths and limited vertical mobility.
- Promotional Opportunities – the company is always looking at opportunities to promote people from within (within a short time frame)
About the Opportunity
Direct Supervision of 3 – 4 Property Accounting Staff
• Supervise the day-to-day activities of property accounting staff to ensure the efficient operation of all properties under management
• Responsible for timely and accurate completion of annual activities such as property budgets, cash flow forecasting, final operating cost recovery adjustments, annual property taxes, and property audits
• Responsible for timely and accurate completion of monthly activities including month ends, cash flows, and monthly reporting
• Review of monthly and annual property accounting activities to ensure that desired results are achieved according to deadlines, GAAP, and client policies/requirements
• Responsible for conflict resolution and decision making when required
• Liaise with property site staff, leasing staff, other members of management and clients to ensure they are receiving responsive service as well as provide assistance and advice as necessary
• Lead property accounting support for value-add and due diligence initiatives across the assigned portfolio, partnering closely with Property Management, Investment Management, and Acquisitions teams.
Planning and Monitoring
• Plan and monitor timelines for due diligence assignments and value-add initiatives, ensuring accurate and timely delivery while balancing existing monthly and annual reporting cycles.
• Manage staff workloads to ensure fairness and that all the company’s client needs are met in a timely manner
• Ensure that all client and staff requests are met through delegation and monitoring
Value-Add, Due Diligence and NOI Creation
• Apply a property accounting lens to the review of historical financial statements, general ledgers, rent rolls, leases, operating expenses, tenant recoveries, accounts receivable, accounts payable, capital expenditures, and balance sheet items.
• Prepare, review, and validate in-place, run-rate, budgeted, forecast, underwritten, and stabilized NOI for both new acquisitions and existing properties.
• Review acquisition and investment models to validate the underlying accounting data, lease assumptions, recovery structures, operating expenses, and other inputs supporting projected NOI.
• Develop NOI bridges that clearly explain changes between historical results, current performance, budgets, forecasts, underwriting assumptions, and stabilized operations.
• Identify and quantify adjustments relating to occupancy, contractual rent steps, free-rent periods, leasing activity, bad debt, tenant recoveries, non-recurring expenses, capital versus operating costs, and other property-specific items.
• Partner with Asset Management and Property Management to identify value-creation opportunities, assess their potential financial impact, and monitor the realization of NOI improvements.
• Maintain due diligence schedules and issue logs that clearly document identified risks and opportunities, financial impacts, assumptions, required actions, ownership, and resolution status.
• Communicate key due diligence findings and property performance opportunities to senior management, clients, and other stakeholders in a clear and commercially relevant manner.
Lease and Recovery Review
• Lead detailed reviews of leases, lease amendments, abstracts, rent rolls, accounting system configurations, and tenant billings to confirm the accuracy and completeness of property-level revenue.
• Review key lease provisions, including base rent, contractual rent steps, free-rent periods, percentage rent, operating cost recoveries, property tax recoveries, caps, exclusions, base-year provisions, gross-up clauses, administration fees, and proportionate-share calculations.
• Identify discrepancies between executed lease terms, lease abstracts, accounting records, rent rolls, recovery calculations, and tenant billings.
• Quantify the financial impact of lease or billing discrepancies and oversee the implementation of required corrections.
• Review operating cost and property tax recovery pools to ensure expenses are appropriately classified, allocated, and recoverable in accordance with lease terms.
• Analyze recovery performance to identify under-recoveries, over-recoveries, non-recoverable costs, missed billing opportunities, and areas requiring process or system improvements.
• Identify opportunities to improve recovery structures, tenant billing accuracy, and the overall recoverability of property operating costs.
• Work with Leasing, Lease Administration, Property Management, and accounting staff to ensure new leases and amendments are accurately reflected in the accounting system and tenant billings.
• Support tenant audits, recovery disputes, and reconciliation inquiries by ensuring that complete schedules, lease support, calculations, and explanations are available.
Training, Devevopment, and Continuous Improvement
• Responsible for ensuring existing and new staff members receive appropriate level of training for systems and procedures including monthly and annual activities
• Responsible for being a resource for staff to come to for guidance and direction
• Responsible for performance management and ensuring that property accounting staff continue to develop and utilize skills that are necessary to complete job responsibilities
• Develop technical, analytical, and communication skills of property accounting staff through targeted and focused review of monthly and annual files and constructive feedback
• Responsible for continuous improvement of property accounting staff and policies and procedures
• Develop staff capabilities in lease review, recovery analysis, and NOI creation to support value-add and due diligence assignments
• Support and Assist Controller
• Assist in the overall management of the accounting team including planning, monitoring, and communicating any issues that require management input
• Assist in staff motivation and celebration as well as ensuring that a positive work atmosphere is maintained
• Identify and analyze problems and take decisive action if an appropriate solution is achieved
• Provide input on staffing requirements and issues
• Take on special projects as delegated including process improvements and senior management requests
Other Duties
• New property set up, analysis, and follow up of outstanding issues as required
• Full understanding of all property specific processes and upkeep of pertinent information relating to specific properties
• Input / feedback for improving procedures and initiating quality and efficiency enhancements
• Efficient and effective communication, in a professional manner, with all the company’s employees and clients
About You
- CPA, MBA in progress
- Manager with 5 years of strong property accounting experience, ideally within a large commercial or retail portfolio.
- Complex recoveries
- CAM
- Taxes
- Large tenant populations
- Commercial and/or retail properties
- Property accounting
- Yardi
Salary Range
$130,000 - $140,000/year
How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #307149
This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.
Avis sur l’égalité en matière d’emploi
Vaco by Highspring est un employeur qui souscrit au principe de l’égalité en matière d’emploi et qui ne pratique aucune discrimination à l’égard des employés ou candidats à un emploi sur le plan de la race (notamment en ce qui a trait aux caractéristiques historiquement associées à la race, comme la texture des cheveux et la coiffure), couleur de la peau, le sexe (ce qui inclut l’état de grossesse ou les conditions connexes), la religion ou les croyances, l’origine nationale, la citoyenneté, l’âge, le handicap, le statut d’ancien combattant, l’adhésion à un syndicat, l’appartenance ethnique, le genre, l’identité de genre, l’expression de genre, l’orientation sexuelle, l’état civil, l’affiliation politique ou autre caractéristique protégée par les lois fédérales, d’État ou locales.
Vaco by Highspring et sa société mère, ses sociétés affiliées et ses filiales s’engagent à la pleine inclusion de toutes les personnes qualifiées. Dans le cadre de cet engagement, Vaco by Highspring et sa société mère, ses sociétés affiliées et ses filiales veilleront à ce que les personnes handicapées bénéficient de mesures d’adaptation raisonnables. Si des mesures d’adaptation raisonnables sont nécessaires pour vous permettre de participer au processus de candidature ou d’entretien d’embauche, d’exercer les fonctions essentielles du poste et/ou de bénéficier d’autres avantages et privilèges liés à l’emploi, veuillez contacter HR@vaco.com.
Vaco by Highspring souhaite également que tous les candidats sachent que la loi interdit la discrimination dans le milieu de travail.
Avis de représentation
En soumettant votre candidature à ce poste, vous convenez que vous accordez à Vaco by Highspring le droit exclusif de vous présenter en tant que candidat eu égard à l’offre d’emploi susmentionnée. Vous reconnaissez en outre que vous avez fourni des renseignements exacts sur vous-même et que vous n’avez pas volontairement dénaturé vos qualifications. Dans toute la mesure permise par la loi, vous vous engagez également à garder confidentiels tous les renseignements que vous obtiendrez de Vaco by Highspring concernant le poste et à ne divulguer les renseignements relatifs au poste que si cela est absolument nécessaire pour respecter une obligation afférente à votre candidature. En contrepartie, Vaco by Highspring s’engage à déployer des efforts raisonnables pour vous représenter dans le cadre de toute sollicitation, présélection en matière d’emploi et diffusion de CV.
Concernant les résidents de l’Ontario, Canada : d’après ce que Highspring retient de ses discussions avec son Client ce poste est actuellement vacant (soit par le truchement de Highspring en tant que sous-traitant, soit auprès du Client).
Avis de confidentialité
Vaco by Highspring, ainsi que sa société mère, ses sociétés affiliées et ses filiales (« nous », « notre/nos » ou « Vaco by Highspring ») respectent votre vie privée et s’engagent à vous informer de ses politiques en toute transparence.
- Les résidents de la Californie peuvent consulter l’Avis de collecte par les RH de Vaco by Highspring concernant les candidats et les employés de la Californie ici.
- Les résidents de la Virginie peuvent consulter nos politiques propres à l’État ici.
- Les résidents de tous les autres États peuvent accéder à nos politiques ici.
- Les résidents canadiens peuvent consulter nos politiques en anglais ici et en français ici.
- Les résidents des pays régis par le RGPD peuvent consulter nos politiques ici.
De plus, les candidatures à ce poste seront soumises à une présélection des candidats effectuée par l’IA visant à vérifier que les exigences minimales indiquées au titre du poste sont respectées. Vous trouverez plus de détails sur l’utilisation de l’IA par Vaco by Highspring ici (https://www.highspring.com/ai-use-notices/). L’évaluation des candidatures après cette phase initiale sera menée par des recruteurs et gestionnaires d’embauche. Vaco by Highspring n’a pas d’information ni d’opinion sur l’utilisation de solutions d’IA par son client dans le cadre de l’embauche.
Avis sur la transparence salariale
La rémunération fixée pour ce poste, et d’autres, auprès de Vaco by Highspring dépend de nombreux facteurs,notamment :
- les compétences, l’expérience et la formation de la personne;
- les exigences en matière de permis d’exercice et de certification;
- l’emplacement du bureau et autres considérations géographiques;
- d’autres besoins commerciaux et organisationnels.
Cela étant, conformément à la loi locale, Vaco by Highspring estime qu’en fonction des critères susmentionnés, la fourchette salariale suivante constitue une estimation raisonnable de la rémunération de base pour une personne embauchée à ce poste dans les régions géographiques exigeant la divulgation de la fourchette salariale. Le ou la titulaire du poste peut également être admissible à des primes discrétionnaires.