Property Accountant
Job Type
Full Time
April 8, 2024 2:03PM
Scarborough, Ontario
About the job First Capital [TSX: FCR.UN] owns, operates, and develops grocery anchored open air centres in neighbourhoods with the strongest demographics in Canada. Through the expertise and collaboration of our team, we create thriving properties which generate value for businesses, investors and our neighbourhoods. As one of the Greater Toronto Area’s top employers, we foster a vibrant culture that ensures equal opportunity and well-being for all employees in a dynamic workplace. We are proud to provide rewarding opportunities to build meaningful careers in a fun and high performing environment.



The Property Accountant will be responsible for full-cycle accounting for an assigned portfolio of commercial, retail and mixed-use properties. Reporting to the Manager, Recoveries, the Property Accountant will work alongside our team in the preparation of financial reports, quarterly forecasts, and annual budgets.


  • Complete monthly, quarterly, and yearly preparation and reporting of property financials, including balance sheet, income statement, capital expenditures, leasing costs, and operating cost recoveries.
  • Prepare monthly property-level financial variance analysis on Net Operating Income (NOI), Common Area Maintenance (CAM), and Tax recovery shortfall & ratios.
  • Prepare monthly tenant-level recovery accruals and final year-end billings.
  • Assist in the preparation and review of portfolio consolidation reporting.
  • Participate in the quarterly re-forecast and annual budget process.
  • Liaise with various departments regarding related accounting matters, provide accounting guidance and respond to queries.
  • Participate in special projects and take on other duties, as assigned.


  • Ideally two (2) plus years of accounting experience within commercial real estate.
  • Post-secondary education, preferably in accounting. Professional designation or working towards an accounting designation (CPA or similar) is highly desired.
  • Lease interpretation experience is an asset.


  • Excellent problem-solving skills; you know how to make sound judgment decisions on property accounting transactions.
  • Passionate team player with the ability to drive results by collaborating positively with internal teams.
  • Well-developed communication and organizational skills.
  • Superior analytical skills; you can gather information and synthesize it.
  • Proficiency in Microsoft Office Suite, including advanced Excel functionality knowledge.
  • Strong understanding of computerized accounting systems; prior experience with JD Edwards and Tenant Share is an asset.


We invest in People. Along with our competitive compensation packages—we’re always thinking of new ways for our people to share in the company’s success. We are very proud to offer the following to our employees:

  • Flexible Hours
  • Remote workdays
  • Company-matched savings plans
  • Annual Wellness Subsidy
  • Tuition & Development Program
  • Employee Referral Program
  • Rewards and Recognition Programs
  • Paid time off during December holiday season
  • Parental leave benefits

Our people are what makes us different. At First Capital, we are committed to workplace diversity and inclusion within our organization, therefore, we encourage all qualified persons from all backgrounds to apply. Accommodations are available, upon request, to all applicants with disabilities throughout our hiring process. To discuss any accommodation, please email us at

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