Sr. Analyst, Real Estate Finance

Healthcare of Ontario Pension Plan (HOOPP) - Toronto, ON (il y a 30+ jours)

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(200036)

Job Summary

HOOPP’s Real Estate portfolio has a net value of over $11.8 billion. The portfolio largely consists of direct investments in real properties, but also includes indirect investments in real estate through limited partnership vehicles. The investments are located across North America and Europe, which gives rise to varied reporting standards and foreign exchange considerations.

The Senior Analyst, Real Estate serves as the key point of contact and technical expert for both Investment Management and HOOPP’s external asset and property managers. The Senior Analyst is tasked with ensuring that transactions (both internally and externally generated) are accurately reflected in real estate accounting system, and that the financial data transferred from MRI (real estate accounting system) to Oracle is accurate and delivered on a timely basis. The Senior Analyst is also responsible for reviewing and approving the work of Analysts, as well as providing direction and guidance to the Analysts.

Roles and Responsibilities

Review, reconcile and analyze the data provided by external managers to ensure it is complete and accurate. This would include ensuring that the data is compliant with HOOPP policies and procedures, as well as industry accounting standards.
Ensure all manual month-end entries are accurately booked into MRI (real estate accounting system), including review and approval of entries prepared by the Analysts.
Perform regular mapping of MRI balances to ensure agreement with property manager books, and review and approve mapping performed by the Analysts.
Responsible for working on complex accounting issues. This would include recording currency translation adjustment (CTA), acquisitions/dispositions, changes in ownership, and investigating/reconciling/resolving identified accounting issues.
Ensure that all acquisitions and dispositions of properties are recorded appropriately in MRI, and that purchase, and sale documentation is complete and up-to-date.
Provide guidance, mentoring, and feedback to the Analysts, Real Estate. Assist in review and approval of Analysts’ work.
Build relationships with external property manager accounting staff. Communicate accounting policies and procedures for external property managers based on HOOPP’s policies and best practices. Coordinate with property management staff to ensure transactions are accurately recorded and provide technical expertise as required. Ensure they understand and comply with HOOPP data and reporting requirements and timelines. Answer queries on a multitude of issues on a need basis. Foster an environment that will encourage external managers to fully cooperate and communicate effectively on issues.
Respond to queries from Investment Management and Investment Reporting and provide materials and analysis as requested. Also, maintain close contact with Investment Management to keep abreast of significant transactions or events.
Prepare, record and reconcile entry from MRI to the general ledger of the fund on a monthly basis. Includes preparation of working papers and compilation of month-end working paper binder for review by Senior Manager, Real Estate Accounting and Senior Director, Real Estate, Investment Operations.
Assist in external and internal audit process. Establish and communicate deadlines and audit requirements to property managers. Prepare working papers and supporting documentation including financial statement notes and variance analysis. Respond to queries from auditors.
Review management fee calculations provided by property and asset managers on an annual basis to ensure calculations are accurate and in accordance with relevant management agreements.
Prepare standalone subsidiary financial statements on a quarterly and annual basis.
Work closely with the Manager, Real Estate Valuation & Performance Measurement on accounting issues impacting valuations. Ensure new valuations are accurately captured in the accounting system.
Review HST returns, performs HST self-assessment and respond to tax queries from the internal tax department and CRA.
Assist with the on-going development and maintenance of reports in the real estate accounting system to ensure report set up is up-to-date and add value to Finance and Investment Management. Also, initiate development of new reports that will improve department efficiencies.

Qualifications

University degree in Business, Finance or related discipline
Qualified accountant (CPA)
7-10 years’ experience in real estate operations including property and investment accounting
Experience in real estate accounting, preferably gained through Property or Asset management, is a requirement
Experience in use of MRI software would be an asset
Proficient in using Excel
Extensive knowledge of real estate operations, accounting policies and procedures
Strong analytical and problem-solving skills
Attention to detail, accuracy, and completeness is extremely important along with the ability to handle multiple tasks efficiently
Excellent interpersonal skills to facilitate interaction with senior Investment Management & Investment Reporting staff, internal and external auditors, and external property managers
Demonstrated ability to build relationships with colleagues in geographically dispersed locations
Ability to respond to queries on numerous topics effectively and promptly
Ability to meet tight deadlines and to manage conflicting priorities
Proactive self-starter who is highly motivated and results-oriented
Ability to work independently with minimal direction
Demonstrated ability in developing and implementing process improvements
Solid knowledge of real estate administration systems

About HOOPP

Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 350,000 members who provide valued healthcare services at more than 570 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $79 billion at the end of 2018 and our funded status remained strong and stable at 121%.

HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees. We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation.
From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people.

Our high-performance culture is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.

Primary Location Toronto
Job Finance
Employee Status Permanent
Job Type Standard
Schedule Full-time
Job Posting Feb 13, 2020, 1:15:17 PM