Senior Property Accountant

Senior Property Accountant

Senior Property Accountant

Job ID

297010

Posted

25-Sep-2026

Service line

Corporate Segment

Role type

Full-time

Areas of Interest

Accounting/Finance

Location(s)

Toronto - Ontario - Canada

Job Summary

The Senior Property Accountant is responsible for the full-cycle accounting, financial reporting, budgeting, forecasting, and financial analysis of a portfolio of commercial real estate properties. This role serves as a key financial partner to Property Management, Asset Management, and clients by ensuring accurate financial reporting, compliance with accounting standards, and proactive financial support for property operations. The position requires strong analytical skills, attention to detail, and the ability to independently manage multiple priorities in a fast-paced environment.

Essential Duties and Responsibilities

Financial Reporting and Month-End Close

• Prepare and review monthly, quarterly, and annual financial statements for assigned properties.
• Complete full-cycle accounting functions, including journal entries, accruals, prepaid expenses, amortization, and account reconciliations.
• Manage month-end, quarter-end, and year-end close processes to ensure timely and accurate reporting.
• Analyze financial results and investigate significant variances between actual, budget, forecast, and prior-year results.
• Prepare management reporting packages and provide clear financial commentary to stakeholders.

Property Accounting

• Maintain the general ledger and supporting schedules for assigned property portfolios.
• Review and reconcile bank accounts, operating accounts, reserve accounts, intercompany accounts, and balance sheet accounts.
• Ensure all revenue, expenses, tenant billings, recoveries, and capital expenditures are accurately recorded.
• Review lease abstracts and support correct accounting treatment for rent, recoveries, administration fees, landlord contributions, tenant inducements, and lease commissions.
• Monitor capital projects and maintain depreciation and amortization schedules where applicable.

Budgeting, Forecasting and Analysis

• Lead or support the preparation of annual operating budgets and periodic forecasts.
• Work closely with Property Managers to develop realistic operating assumptions, recovery estimates, and budget projections.
• Perform detailed budget-to-actual and year-over-year variance analysis and provide recommendations to management regarding property performance.
• Assist with long-term capital planning, cash flow forecasting, and property-level financial analysis.

Tenant Recoveries and Lease Administration Support

• Prepare and review annual CAM, TMI, operating cost, property tax, and utility recovery reconciliations.
• Analyze lease requirements and recovery clauses to ensure tenant billings and recoveries are calculated in accordance with lease agreements.
• Support tenant inquiries, audits, and dispute resolution related to operating cost recoveries and reconciliations.
• Ensure compliance with contractual lease obligations and property management agreement requirements.

Client Service and Audit Support

• Prepare client reporting packages in accordance with contractual reporting requirements and internal deadlines.
• Act as a primary accounting contact for assigned clients, auditors, and internal management teams.
• Coordinate and support annual external audits, lender reporting requirements, client audits, and working paper requests.
• Respond to accounting-related inquiries from clients, auditors, property managers, and asset management teams.

Leadership and Process Improvement

• Provide guidance, training, and technical support to junior accountants and accounting staff.
• Review work prepared by team members to ensure accuracy, completeness, and compliance with company policies.
• Identify opportunities to improve accounting processes, reporting efficiency, documentation, and internal controls.
• Participate in client transitions, property acquisitions, dispositions, system conversions, and special projects.

Qualifications

• To perform this position successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Education and Experience

• Bachelor's degree in Accounting, Finance, Commerce, Business Administration, or a related field.

• CPA designation or active pursuit of CPA designation preferred.

• Minimum of four to seven years of progressive property accounting, real estate accounting, or related finance experience.

• Experience with commercial office, retail, industrial, mixed-use, or multi-tenant property portfolios preferred.

• Experience preparing CAM, TMI, operating cost, and tenant recovery reconciliations considered a strong asset.

• Experience with Yardi, MRI, PeopleSoft, with multiple ERP systems preferred.

• Bilingual English / French preferred.

• Technical Skills

• Advanced proficiency in Microsoft Excel, including PivotTables, XLOOKUP or INDEX/XMATCH, SUMIFS, and financial analysis tools.

• Strong understanding of GAAP/IFRS accounting principles and financial statement preparation.

• Working knowledge of lease accounting principles and commercial lease structures.

• Ability to interpret lease agreements, property management agreements, and operating agreements.

• Experience with budgeting, forecasting, financial modelling, and variance analysis.

• Core Competencies

• Strong analytical and problem-solving skills.

• Excellent attention to detail and commitment to accuracy.

• Ability to manage multiple deadlines and competing priorities.

• Strong written and verbal communication skills.

• Client-focused approach with the ability to build productive relationships with clients and operational teams.

• Ability to work independently while collaborating effectively within a team environment.

• Why CBRE?

• When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive. We are dynamic problem solvers and forward-thinking professionals who create significant impact. Our collaborative culture is built on our shared values — respect, integrity, service and excellence — and we value the diverse perspectives, backgrounds and skillsets of our people. At CBRE, you have the opportunity to chart your own course and realize your potential. We welcome all applicants.

• Our Values in Hiring

• At CBRE, we are committed to fostering a culture where everyone feels they belong. We value diverse perspectives and experiences, and we welcome all applications.

• Disclaimers

• Applicants must be currently authorized to work in Canada without the need for visa sponsorship now or in the future.

• Applicant AI Use Disclosure

• We value human interaction to understand each candidate's unique experience, skills, and aspirations. We do not use artificial intelligence (AI) tools to make hiring decisions, and we ask that candidates disclose any use of AI in the application and interview process.

• The posting is for an existing vacancy with the organization

• CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The salary range being offered for this Sr Property Accountant position is between $75,000 annually and $84,000 annually. The compensation that is provided to a successful candidate will depend on the candidate's skills, qualifications, and experience. This role will provide the following benefits: Group Retirement Program, Medical, Dental and Vision coverage, Life Insurance and more.

• Equal Employment Opportunity Statement: CBRE is an equal opportunity employer who welcomes and encourages application from all persons regardless of race, creed, ancestry, national or ethnic origin, colour, age, religion, sex, sexual orientation, family status, gender identity or expression, disability or any other status or condition protected by applicable federal, provincial or territorial law.

• Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individual with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations or via telephone.