The posting
We are looking for a Senior Accountant, Real Estate to join Connor, Clark & Lunn Financial Group’s Toronto-based real estate accounting team, working exclusively for our affiliate, Crestpoint Real Estate Investments Ltd. The Senior Accountant, Real Estate is responsible for the oversight of the day-to-day accounting functions they perform for Crestpoint’s diversified and growing portfolio of properties. This is a comprehensive position and requires the individual to have a solid understanding of all aspects of accounting.
Part of the Connor, Clark & Lunn Financial Group, Crestpoint is a commercial real estate investment manager dedicated to providing institutional and high net worth investors with direct access to commercial real estate assets. Through the execution of its disciplined investment approach and active management of its properties, Crestpoint strives to deliver stable income and attractive long-term returns through a diversified portfolio of office, retail, industrial and multi-family residential properties.
As the portfolio of new investments continues to grow, we are looking for someone who is ready to work closely with Crestpoint’s third party property managers, investment and asset management teams to ensure they are receiving the information required to manage the properties effectively and that all internal and external reporting requirements are satisfied. You will be part of a high performing team and supported by the CFO, Real Estate and Controller, Real Estate Funds.
What You Will Do
- In this role, the successful candidate will oversee and coordinate the accounting function for Crestpoint’s diversified portfolio of properties (including income producing and development properties) and open-ended real estate fund, including:
- Liaising with third-party property managers and accountants to ensure the integrity, accuracy, completeness and timely delivery of monthly accounting information and property management reports.
- Preparing month-end bank reconciliations, journal entries and supporting working papers.
- Preparing monthly, quarterly and annual financial statements and related notes in accordance with ASPE, IFRS or another disclosed basis of accounting, as applicable, for presentation to external investors.
- Assisting with the preparation and review of property, portfolio, fund and client reporting, including cash flow projections, variance analysis, annual budgets and other financial schedules.
- Supporting property valuations and working with other members of the CCLFG team to calculate and analyze property and investment returns and key performance drivers.
- Preparing and reviewing accounting entries and supporting schedules for acquisitions and dispositions of investment properties.
- Supporting the accounting and financial reporting for Crestpoint’s Core Plus Strategy and other real estate investments, including preparing month-end bank reconciliations, journal entries and supporting working papers.
- Assisting with the calculation and reporting of net asset value (NAV) for investment funds, including multiple series and interim NAV calculations, as required.
- Assisting with sales tax filings, annual income tax returns and other regulatory filings.
- Supporting the annual audit process.
- Supporting the implementation of accounting changes, process improvements and enhancements to financial reporting processes.
- Assisting with special projects and other duties, as assigned.
What You Bring
- Minimum three to five years of accounting experience in financial management, preferably in the real estate industry and/or fund management, including preparation of financial statements and notes
- Undergraduate degree preferably in accounting or finance
- Professional Accounting Designation (CPA-CA, CGA, CMA) or actively enrolled in the CPA program (midway through or nearing completion) is an asset
- Excellent financial and analytical skills
- Strong Excel skills; familiarity with Yardi real estate accounting/reporting software is an asset
- Exceptional attention to detail
- Proven ability to think logically and effectively problem solve
- Demonstrated ability to work efficiently under pressure; dealing with changes and interruptions while maintaining strict deadlines
- Proven self-starter with the ability to work independently as well as part of a team
The expected base salary range for this position is $80,000 to $100,000. The midpoint represents our general market target for a fully qualified and experienced individual performing the role. Actual starting salary may fall below or above the midpoint depending on the candidate's relevant experience, skills and qualifications, as well as internal equity considerations. Further questions may be directed to the HR team during the interview process.
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What We Offer At Connor, Clark & Lunn Financial Group, we’re "invested in our greatest asset, you". Our shared goals reflect what matters most to our people:
- Your community: we foster belonging through collaboration, inclusion and flexibility. Enjoy social events, volunteering and a strong commitment to corporate social responsibility. Our flexible work practices are designed to support work-life balance and provide employees with flexibility in where and how they work
- Your growth: we prioritize your development with meaningful work, continuous learning budgets, paid study days and support for professional designations.
- Recognizing you: your contributions are rewarded with competitive total compensation, retirement savings support, wellness credits, enhanced parental leave, and comprehensive health benefits.
For a closer look at how you can build your career with us, we invite you to explore cclgroup.com.
We are committed to providing an inclusive, accessible recruitment and selection process. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process. Please contact [email protected] if you require accommodation.
AI may be used to support certain stages of our screening & recruitment process. These tools support, but do not replace, human judgment and decision-making.
