Reports To: Manager, Finance
Description
Ready to gain practical experiences for your CPA while elevating your financial skills? Join our Finance & Accounting team at CAPREIT! This co-op position is an excellent one for you to learn about real estate industry and you will play a key role to support accounting and financial analysis along with other responsibilities. It will offer you great exposure to mortgage financing and treasury function through direct communications to institutional lenders and provide you excellent learning experiences from CAPREIT’s upper management.
Responsibilities
Mortgage Financing:
• Co-ordinate and administer mortgage underwriting process, including liaising directly with the lenders, provide required documents including NOI statement, rent roll, property tax proofs, ESA report, etc. and answering their property-related questions on a timely basis
• Provide prompt info and analysis to CAPREIT Investments team for acquisitions and dispositions
• Assist in annual compliance reporting required by institutional lenders and CMHC
Accounting
• Book necessary financing-related journal entries to reconcile between SAP (book) and bank statements
• Assist in the timely close of CAPREIT’s month and quarter ends, respond to CAPREIT Financial Reporting team’s inquiry
• Variance analysis between Forecast and Actuals and provide commentary to upper management
• Ad-hoc analysis as assigned
Qualifications
• 1-2 years accounting or finance experience, real estate experience or knowledge preferred
• Bachelor’s degree in accounting, finance or business administration
• Strong time management, multi-tasking and organization skills
• Excellent written, oral and interpersonal communication skills
• Advanced knowledge of MS Office Suite functionality
• Experience with SAP preferred