Commercial Property Accounting, Winter 2025 - Toronto (Co-OP/Internship) - 4 Months

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $77.6 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

We are committed to providing our Co-ops/Interns with a student experience that provides a supportive and engaging learning environment while developing skills and business acumen. Students will have the opportunity to participate in a variety of experiences including our Corporate Speaker Series, Fireside Chats, Volunteer opportunities and Networking events.

Eligibility Note: To qualify for a student (Co-op/Internship) opportunity, students must be enrolled in their academic studies at a post-secondary institution (university/college) and must be returning to school after completion of their work term with QuadReal. If you are a student registered in an official co-op program at your post-secondary institution and completion of a final work term is a mandatory component for you to graduate, you are eligible to apply with the understanding that you will leave QuadReal at the end of your work term or have the possibility to be considered for full-time opportunities.

Based in Toronto, the Co-op/Intern, Commercial Property Accounting, will report to the Accounting Manager and support QuadReal's Commercial Property Accounting team. The ideal candidate would be enrolled in a Business Administration, Accounting or Finance program and is looking to gain practical experience in the Real Estate sector.

What We Offer:

• An organization and leaders that support your development through meaningful work experience

• A Student Mentorship Program designed to provide 1:1 support throughout your experience

• Opportunities to build your industry knowledge through Corporate Speaker Series & Fireside Chats

• Giving back to community with your peers and team members through volunteering events

• Opportunities to build long lasting industry and professional relationships

What You Will Experience:

• Produce monthly and /or quarterly financial statements as specified by QuadReal policy/requirements for a small portfolio of properties; incorporate high-level thinking and analysis when preparing financial statements and recognize when to adjust for material items and / or explain material variances

• Analyze and understand all balance sheet accounts and reconcile working papers in a meaningful way; ensure all processes related to balance sheet items are completed and reviewed

• Ensure files are saved according to QuadReal standard set up on shared drive and/or Commercial Property Accounting Info Site and that they are professional and transparent

• Communicate efficiently and effectively, in a professional manner, with all QuadReal employees and others outside the organization; support other departments as needed with reconciliations, tenant inquiries, financial analysis, etc

• Review and approve leases and lease review checklists thoroughly and in a timely manner; ensure set-ups agree with lease language for all items including, but not limited to; rental charges, security deposits, TI and/or LLW amounts and applications thereof and correct interpretation and application of any other relevant clauses; ensure and maintain proper set-up of straight-line rent, recoveries, and any other accounting -related processes that are lease driven

• 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

• Review capital and leasing job costs monthly; ensure jobs are set up correctly with proper status and current forecast information

• Prepare cash flow distributions / cash calls for assigned portfolio or assist as needed within required due dates

• Prepare GST / HST / QST reconciliations for assigned portfolio or assist as needed within required due dates

• Assist with annual budget cycle activities for specific properties as needed (if required during term)

• Compile audit files and supporting documentation as required for annual property audits (if required during term)

• Provide prompt and accurate responses and support for any tenant inquiries / disputes

• Provide input/feedback for improving procedures and initiating quality and efficiency enhancements

• Assist the team with other duties as assigned

What You Will Bring:

• Enrolled in a Business Administration, Finance or Accounting program

• Excellent communication and presentation skills; demonstrate an ability to effectively communication and present results that articulate key themes and messages

• Ability to allocate one's time effectively, work under pressure and manage deadlines; ability to handle multiple demands, competing priorities; willing to learn and adapt to changes in a dynamic environment; knowledgeable organized; detailed orientated

• Must have advanced knowledge in Excel, MS Office applications. Yardi accounting system experience is as asset

• Previous Accounting or finance experience is an asset

• Embrace and pro-actively support QuadReal's values and its culture of environmental sustainability and corporate and social responsibility

• Excellent communication, oral and written; able to develop and sustain cooperative working relationships; able to be flexible and work with all types of personalities; able to exercise confidentiality and places a priority on client service.

Don't have all of the above skills? Don't worry. We still want to hear from you!

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Want to learn about our end-to-end recruitment process? Click this link for a short video that will take you through each step, so you'll know exactly what to expect.