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Senior Property Accountant

Company Description

Morguard is a fully integrated real estate company. We strategically invest in high-quality, well-located, multifamily assets across North America and our onsite teams are critical to our Communities' success.

Job Description

The Senior Property Accountant role is to simultaneously be a mentor/trainer to the Property Accountants while being a resource to the Financial Accounting Supervisors and Manager. They will review the work of the Property Accountants; answer any questions they have and act as a liaison to the Financial Accounting Supervisors. This role will facilitate the monthly/quarterly close process by assisting with the clearance of review comments from the Financial Accounting Supervisor and/or Manager on property binders as well assist with the gathering of special reporting requirements and audit requests. This role is in addition to performing the functions and qualities for their portfolio of properties. 

Qualifications

DUTIES AND RESPONSIBILITIES

• Training new hires in the monthly full cycle and quarter close process for our properties

• Assist Financial Accounting Supervisor with first review comments and questions on a property’s
binder from other Property Accountants on your team

• Assist Financial Accounting Supervisor and Accounting Manager with gathering special reporting
requirements or audit requests

• Maintain and/or collect monthly and quarterly reports as needed by the Financial Accounting
Supervisor

• Prepare schedules for Personal Property Tax returns.

• Responsible for posting daily deposits to cash sheets, preparing and posting journal entries,
including reclassifications & accruals. Enter fixed asset info into FAS software which calculates
depreciation. Record monthly depreciation entry.

• A review and close of each entity will be done monthly-submit a binder with the monthly financial
statements, general ledger and supporting schedules for each balance sheet account.

• Compare, research and explain monthly variances to the budget and prior year. As well as a
trend analysis on a 12-month statement.

• Research, explain & correct outstanding items on bank reconciliations.

• Understanding of intercompany accounts.

CORE COMPETENCIES

• Must have full understanding of accounting concepts.

• Strong Excel skills. Monthly backup schedules are maintained in Excel.

• Has no problem meeting deadlines and can handle working under pressure at times.

• Flexible attitude and team leader for meeting deadlines with a positive, result driven attitude

• Can work independently with little supervision as well as be a team player. Also, works well with
others in the department.

• Very detail oriented.

• Independent thinker and strong initiative.

• Focuses on the tasks at hand and getting the job done accurately and timely.

• Positive attitude towards job duties, position and coworkers. (i.e. Non-complainer).

• Fast learner and good ability to follow instructions.

• Excellent work ethic.

• Ability to multitask.

• Ability to be open minded and takes on new responsibilities when deemed appropriate.

• Ability to work and understand Yardi software (Apartments).

• Reports directly to the Financial Accounting Supervisor for the APTS.

• May require overtime during quarter end/year end close out process.

Additional Information

Why you should join Morguard

At Morguard, our employees are our greatest investment. We make people our priority and strive to create a culture of respect, health and safety, and equal opportunity to support employees to meet their goals.

When you join Morguard, you join a strong and committed team and will have access to:

  • Employer Provided Medical Insurance Options
  • Excellent culture that supports a work-life balance with time off for Summer Hours, Vacation, Personal, Sick Leave, and Paid Holidays
  • Education Reimbursement Program
  • Dollar for dollar matching 401k Savings Plan with immediate vesting
  • Opportunity to live onsite within portfolio with our Employee Discount

*Morguard is an equal opportunity employer

+This job description is intended to describe the nature and level of work being performed by individuals assigned to this position. It is not an exhaustive list of all responsibilities required of the job. Job descriptions may also be rewritten periodically to reflect any changes in the position’s duties.

Morguard is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. Morguard participates in the E-Verify program to confirm eligibility to work in the United States.

PRIVACY

Average salary estimate

$85000 / YEARLY (est.)
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$75000K
$95000K

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What You Should Know About Senior Property Accountant, Morguard

Are you ready to take the next step in your accounting career? Join Morguard as a Senior Property Accountant and play a pivotal role in our fully integrated real estate company that focuses on high-quality multifamily assets across North America. In this engaging position, you won't just crunch numbers; you'll be a mentor and trainer for our Property Accountants while closely collaborating with Financial Accounting Supervisors and Managers. With your expertise, you will help facilitate the monthly and quarterly close processes, tackling review comments and special reporting requirements, ensuring that everything runs smoothly in your portfolio of properties. You’ll be responsible for maintaining thorough financial records, preparing tax return schedules, posting daily deposits, and carrying out detailed analyses to explain variances to budgets and prior years. At Morguard, we value detail-oriented team players who can both lead and work independently. If you have strong Excel skills and a passion for accuracy, you'll fit right in. Join a company that prioritizes its people and offers an excellent work culture, great benefits, and a team environment that supports your growth. Morguard is excited to welcome you to our team, where your contributions help shape thriving communities!

Frequently Asked Questions (FAQs) for Senior Property Accountant Role at Morguard
What are the main responsibilities of a Senior Property Accountant at Morguard?

As a Senior Property Accountant at Morguard, your primary responsibilities include mentoring Property Accountants, facilitating the monthly and quarterly close processes, reviewing property binders, and assisting with audit requests. You will also prepare financial reports, record journal entries, and perform variance analysis to maintain accuracy in financial records.

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What qualifications are needed to become a Senior Property Accountant at Morguard?

To qualify for the Senior Property Accountant position at Morguard, applicants should possess a strong understanding of accounting concepts, advanced Excel skills, and experience with Yardi software is a plus. Previous experience in property accounting, alongside a proven ability to meet deadlines under pressure while being detail-oriented is essential for success in this role.

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How does Morguard support its Senior Property Accountants?

Morguard supports its Senior Property Accountants through a nurturing work environment that emphasizes team collaboration and personal growth. Employees are offered benefits such as education reimbursement, medical insurance options, and a dollar-for-dollar matching 401k plan, alongside a culture that prioritizes work-life balance.

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What software skills are necessary for a Senior Property Accountant at Morguard?

A Senior Property Accountant at Morguard must be proficient in using Microsoft Excel to maintain backup schedules and perform financial analyses effectively. Familiarity with accounting software such as Yardi is also important to manage property-related financial tasks efficiently.

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What can I expect during the interview process for a Senior Property Accountant role at Morguard?

During the interview process for the Senior Property Accountant position at Morguard, expect a combination of behavioral and technical questions. The focus will be on your accounting experience, problem-solving abilities, and how well you can mentor and work within a team.

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Common Interview Questions for Senior Property Accountant
Can you describe your experience with property accounting?

When responding, highlight your relevant experience in property accounting. Discuss specific tasks you managed, such as financial reporting, month-end closes, or working with property account reconciliations, demonstrating your thorough understanding of the domain.

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How do you ensure accuracy in financial reporting?

Explain your standard procedures for checking accuracy, such as double-checking data entries, using software for auditing, and collaborating with team members for insights. This will showcase your commitment to high-quality work.

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What is your approach to mentoring junior accountants?

Talk about your enthusiasm for sharing knowledge and developing others. Discuss previous mentoring experiences and how you foster an environment for growth while maintaining high standards.

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How do you handle tight deadlines and pressure?

Share specific strategies you use to manage stress under tight deadlines, such as prioritizing tasks, utilizing time management tools, or discussing workload with your team for support.

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Give an example of a time you identified a financial discrepancy.

Provide a detailed account of a situation where you discovered a discrepancy, explain how you identified it, the steps taken to resolve it, and the impact your actions had on the organization.

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Describe your experience with financial forecasting.

Discuss your past experiences in financial forecasting, highlighting the methods and tools you used and how your forecasts helped your team make informed decisions.

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What accounting software are you familiar with?

List the accounting software you have experience with, focusing on those relevant to property accounting. Highlight any advanced capabilities you possess that would be beneficial in the Senior Property Accountant position.

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What measures do you take to comply with accounting regulations?

Discuss your understanding of relevant accounting regulations and how you stay updated with changes. Mention specific steps you take to ensure compliance and maintain best practices in your work.

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How do you prioritize your tasks when managing multiple properties?

Here, explain your process for prioritizing multiple tasks. Discuss how you assess urgency and importance and your methods for systematic organization when juggling various responsibilities.

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What do you consider the most challenging aspect of property accounting?

Be honest and share your perspective on challenges like fluctuating market conditions or complex regulation changes, and describe how you have dealt with these challenges in the past.

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Established in 1975 and headquartered in Mississauga, Ontario, Canada, Morguard is a real estate company that owns, manages, and invests in geographically diversified assets across North America.

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Full-time, on-site
DATE POSTED
April 10, 2025

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