Utility Accountant

Job title: Utility Accountant

Company: Capreit

Job description: Title: Utility AccountantReports To: Accounting ManagerPosition Summary: The Property Accountant position serves as a key accounting resource working in partnership with the Operations teams, Accounts Payable (A/P), Finance & Accounting and Corporate departments. This position will primarily encompass the Utility functions covering all aspects from invoice processing to reporting & analysis.He/She will find opportunities to create efficiencies and synergies between the A/P and Utility Accounting teams that will form a collaborative and team-oriented environment. Working in a fast-paced and dynamic environment, this interactive role encourages the incumbent to think outside-the-box, to deliver great customer service, and to encourage new ideas to help CAPREIT achieve outstanding industry leadership.Responsibilities:Management of Utility Data

• Generate a utility file once a month and send to 3rd party consultants for input into external software. Monthly reconciliation of data between both systems and timely follow-up on discrepancies.
• Liaise with A/P department for billing errors, missing invoices, coding of invoices, etc.
• Monitor overdue utility accounts and follow-up with utility providers.
• Reconcile annual utility contracts.
• Validate & recommend volumes for renewing utility contracts, where applicable.
• Review utility discrepancies and resolutions.
• Liaise with external parties and internal departments as it relates to utilities.

Month & Year-End requirements

• Prepare monthly accrual file by utility platform.
• Prepare monthly balance sheet account analysis with action items for outstanding balances.
• Prepare monthly amortization & allocation journal entries.
• Generate monthly utility financial package including commentaries on variances.
• Prepare quarterly reports for MD&A submission.
• Assist in analysis of data for ESG & GRESB submissions.
• Assist in development of ad hoc reports as required by the business.

Other duties

• Prepare and submit annual property utility budgets and quarterly forecasts with analysis of significant movements.
• Prepare utility budget estimates for new property acquisitions.
• Co-ordinate the activation/termination of utility accounts with respect to acquisition/disposition of properties
• Ensure compliance with company policies, procedures and controls.

Special projects

• Assist in continuous review of business processes to ensure efficiency and effectiveness.
• Assist in ERP system testing and documentation across all utility platforms.
• Ad hoc tasks as requested by senior management.

Qualifications

• Bachelor’s degree in accounting or business.
• CPA or working towards a CPA designation.
• A minimum of 2 years of related experience.
• Strong analytical and problem-solving skills.
• Must have strong working knowledge of systems and MS Excel.
• Must be well organized, responsible, deadline oriented, flexible, and able to multi-task.
• Excellent communication skills, written and verbal.

Expected salary:

Location: Scarborough, ON

Job date: Sun, 23 Jun 2024 07:13:31 GMT

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