The Company

Hungerford Properties is an established Vancouver-based Indigenous-owned real estate company with more than 50 years of success across Western Canada. We specialize in investing, managing, and building a diverse portfolio that includes industrial, self-storage, residential, office, and retail properties. By leveraging innovative investment, management, and development strategies, and emphasizing the significance of dynamic and interconnected communities, we strive for operational excellence and rigorous systems to achieve outstanding results. Committed to ESG principles, Hungerford invests in impact initiatives, ensuring a values-driven culture that fosters long-lasting, collaborative relationships with partners. Our approach is rooted in open communication, accountability, and transparency, seeking win-win. Hungerford Properties was founded in 1972 in Vancouver by George Hungerford who wanted to create value and opportunity for his community through real estate. Over the years, the company has grown from a small family business to a key player in the Western Canadian market, with a portfolio of diverse assets across multiple sectors. The company has overcome many challenges, such as recessions, market fluctuations, and regulatory changes. It has achieved consistent success, such as developing award-winning projects, securing strategic partnerships, and delivering consistent returns to investors. Today, Hungerford Properties has more than 50 employees and operates in three provinces, with over 1.7 billion square feet of property under management or development.

The Candidate and Responsibilities

The Senior Real Estate Accountant will be responsible for managing the monthly full cycle accounting process for a portfolio of development and income-producing property assets.

The main responsibilities of this role include: 

• Prepare monthly financial statements, supporting working papers, and supplementary reporting as required. 
• Prepare monthly journal entries, adjustments, and accruals, including closing entries for sale transactions.
• Prepare monthly bank reconciliations.
• Ensure all GST and other legislated taxes and assessments are reconciled and remitted including assistance during CRA audits.
• Prepare quarterly internal and external management reporting packages including financial statements. 
• Assist in the preparation of supporting working papers and documentations for the year-end audit process and tax filing process.
• Assist with managing cash flows including capital calls, assist with cash transfers and ensuring there is sufficient funding to cover the assets' day-to-day needs.
• Assist with the annual budgeting process.
• Assist in the design and implementation of processes and controls related to accounting and development activity. 
• Technical accounting issue analysis for assigned properties.

For development assets:

• Monitor cash position, and the monthly draw package.

• Help monitor projects in the accounting system’s job cost, including budgets, costs incurred, costs to complete, committed costs, and projected final costs in conjunction with the monthly draw package.
• Monitor and review accounts payable to ensure accuracy of coding; ensure development fees are properly calculated and paid in a timely manner.
• Work closely with the development team throughout project lifecycle; attend project status meetings and provide financial updates such as cash needs and timing of funding. 
• For projects in the pre-construction phase, manage all financial aspects of the asset in its current stage, such as rent charges, tenant payments, and any further tenant administration. 

For income-producing property assets:

• Set up and maintain tenant’s recovery in Yardi recovery model in accordance with lease language; use Yardi recovery model to calculate and record monthly and annual operating costs and realty tax recovery adjustments, billings, and estimates.
• Perform monthly CAM and property tax and utility reconciliations. 
• Complete year end operating cost adjustments and tenant billings for assigned properties within the allotted period according to requirements for asset.

Competencies, Qualifications, and Required Experience

• Minimum 3 years development and income-producing property accounting experience; minimum 2 years real estate accounting experience (either property accounting or development accounting)
• Canadian Chartered Professional Accountants (CPA)
• Experience using Job Cost

• Knowledge of Yardi 7s is a strong asset
• Advanced skills in MS Office (Word, Excel, PowerPoint and Outlook)

Skills and Attributes

• Self-motivated and possesses a high level of professionalism
• Strong verbal and written communication skills with the ability to work effectively in an individual setting 
• Ability to develop and sustain cooperative working relationships; team player
• Ability to allocate time effectively, manage multiple demands, and competing priorities and meet tight deadlines
• Excellent work ethic and attention to detail

Our Compensation & Benefits Philosophy: The typical hiring range for this position is $85,000 - $95,000 per year. The actual offered salary may vary and will depend on individual experience, qualifications, and market conditions for the role. We are also pleased to offer the following benefits:

• Hybrid Workplace Environment offers flexibility to work from home and the office
• 12 weeks parental leave top-up for biological and adoptive mothers and fathers
• Paid Vacation time (minimum of 3 weeks annually)
• Paid Bereavement Days
• Learning & Development policy to support course fees & paid education days
• Company-wide Holiday Break in December
• Health Coverage including fully paid medical, dental, and vision care
• Health Spending Account to provide even more health coverage options

• Monthly Transportation Allowance to facilitate commuting
• HWay to Wellness Health & Wellness Programming
• Paid Volunteer Time to support our communities

To Apply

Hungerford Properties is an Equal Opportunity Employer and takes pride in a diverse environment. We do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status.Hungerford Properties will provide reasonable accommodations for persons with disabilities in a manner that is respectful of each person’s dignity up to the point of undue hardship. If you need accommodations during the hiring process, please contact the People & Culture Department. We thank all applicants in advance but only those qualified may be contacted.