Property Accounting Lead

About Us

FORUM is a privately owned real estate company that excels in the development and management of both commercial and residential properties. Our unwavering commitment is to craft outstanding spaces that cater to the needs of our valued tenants, residents, and customers. Located in Edmonton, FORUM holds a portfolio of properties in Alberta, British Columbia and Saskatchewan, and we continue to explore new opportunities.

At FORUM, we firmly believe in nurturing an environment that fosters innovation, creativity, and growth. To support our continued expansion and development, we are actively searching for a Property Accounting Lead to join our team. This pivotal role is integral to our current operations and critical for facilitating anticipated future growth.

The Opportunity

We are currently seeking a detail-oriented and analytical Property Accounting Lead to join our team located in Edmonton. This individual will be responsible for managing and maintaining accurate lease accounting records, ensuring compliance with tenant agreements, and supporting the overall financial reporting process. The ideal candidate possesses strong accounting skills, a deep understanding of real estate accounting principles, and exceptional organizational abilities.

Key Responsibilities

Lease Accounting

• Review lease documents, enter and maintain lease information in Spectra.

• Monitor lease activity and critical dates and update related schedules.

• Ensure accurate and timely recording of tenant lease transactions.

• Collaborate with Leasing and Property Management to obtain necessary lease information, resolve discrepancies, and validate data accuracy.

• Perform review and reconciliation of tenant ledgers as needed; prepare required documentation to support requested adjustments.

• Collaborate with Property Management to prepare year end CAM reconciliations.

• Communicate with tenants to resolve queries related to charges and year end CAM reconciliations.

Budget Management

• Collaborate with Property Management to prepare annual property budgets.

• Monitor budget performance, including interim review of estimated CAM reconciliations, and provide variance analysis for revenue accounts.

• Prepare regular and ad-hoc financial reports for management, highlighting key budget insights.

• Assist in the preparation of financial forecasts and projections to support decision-making.

• Participate in budget reviews and meetings, providing financial insights and recommendations.

• Identify opportunities for cost recovery optimization within the parameters of tenant leases.

• Ensure compliance with budgetary policies and procedures, making necessary adjustments as required.

Financial Management

• Post all rent receipts and ensure all tenant ledgers are up to date

• Assist in the oversight and preparation of financial statements and reports.

• Monitor critical lease events such as renewals, terminations, and modifications, and adjust tenant records in Spectra accordingly.

• Generate financial analyses and insights related to lease activity, cash flows, and variances to forecast.

• Create and maintain amortization schedules for recoverable capital expenditures.

• Assist with audits and provide necessary documentation and explanations related to lease accounting.

Qualifications

• Bachelor’s degree in accounting, finance, or a related field.

• 5+ years of progressive experience in the real estate industry.

• Proficiency in utilizing property management software and financial management tools.

• Excellent analytical skills with a keen attention to detail.

• Strong communication skills to collaborate effectively with cross-functional teams.

• Ability to work independently, manage deadlines, and prioritize tasks in a fast-paced environment.

How to apply

We’re excited to learn more about you and your qualifications for the Property Accounting Lead position. To apply, please submit your resume and a brief summary outlining relevant experience and qualifications to Sabrina Moss at sabrina@forumproperties.com.

We appreciate all applications, however only those selected for an interview will be contacted. Thank you for your interest in joining our team at FORUM!

Disclaimer: This job posting outlines key responsibilities associated with the role; however, it is important to note that it may not encompass all duties required for the position. Additional tasks may be assigned as needed to meet the objectives of the role and the organization.