1. 88 Erskine Ave, Suite 1507
Toronto, Ontario, M4P 1Y3
Tel: (416) 486-4859Steve LeClair, BBA
PROFESSIONAL EXPERIENCE
Menkes Developments Ltd. (www.menkes.com)
Property Accountant (Permanent) Nov 2015 - Aug 2016
• Responsible for Portfolio containing Twenty-one Industrial properties with ninety+ units;
• Member of the JDE conversion team, setup and converted manual excel recoveries to JDE Expense Participation (EP);
• Setup and converted manual excel fixed assets to the fixed assets module in JDE;
• Provided accounting and financial expertise in the preparation of budgets and variance analysis;
• Prepared consolidated financial reporting on a monthly basis
• Provided support to property management team on reporting packages to joint venture partners and third-party owners;
• Prepared monthly working papers for submission of reports electronically to third party owners;
• Prepared annual year end working papers for financial statement audits on assigned properties;
• Prepared year end tenant reconciliations (recoveries adjustments) and review tenant rent letters for subsequent year;
• Reviewed, verified and approved: coding of invoices; contracts’ pricings per vendors’ invoices; and, allocations;
• Input and analyzed commercial lease data into JDE;
• Reviewed General Ledger detail to ensure accuracy and allocation of system generated and manual entries;
• Reconciled, analyzed and verified financial transactions to ensure the accuracy and reasonability of financial information;
• Prepared monthly management fee, leasing commission and tenant chargeback calculations and invoices;
• Prepared MPAC data request information and forms and prepared vacancy tax rebate applications;
Fuller Landau (www.fullerlandau.com)
Property Accountant (Permanent) Jul 2015 - Nov 2015
• Setup property accounting templates and working papers on a new portfolio of properties;
• Prepared cash distribution reports and calculations;
• Provided accounting and financial expertise in the preparation of budgets and variance analysis;
• Prepared consolidated financial reporting on a monthly basis
• Provided support to property management team on reporting packages to joint venture partners and third-party owners;
• Completed the tenant recoveries calculations and year end billings;
• Responsible for Accounts Payables, Accounts Receivables, Banking, and Tax filings.
Canadian Real Estate Investment Trust (www.creit.ca)
Senior Property Accountant (Permanent-Full Cycle) Jul 2013 – Jul 2015
Lease Accountant (Permanent-Specialty Recoveries) Sep 2010 – Jun 2013
Senior Property Accountant (Permanent-Full Cycle) Mar 2006 – Aug 2010
FINANCIAL REPORTING AND PORTFOLIO:
• Responsible for portfolio of commercial properties: Office (2), Retail (19), Industrial (2) with 375+ units and 1.5M sq. ft.;
• Prepared management accounting and financial statements and reports on a timely basis;
• Analyzed financial reports on a monthly basis and prepared reporting and variance analysis to senior management;
• Prepared monthly, quarterly & year-end working paper files and related analysis;
• Prepared annual CAM statement files and balance sheet analysis;
• Prepared monthly journal entries for expense accruals, amortization of prepaid and all financial accounting entries;
• Prepared monthly reporting packages to co-owners;
MONTHLY ACCOUNTING RESPONSIBILITIES:
• Monthly accounting for a real estate portfolio, including all general journal entries, bank reconciliations, cash flow
reporting for co-ownerships, working papers, auditor reports, recoveries, and tax remittances;
• Updated and maintained month-end CAM and TAX recovery schedules for a portfolio of properties including reading
existing and new tenant leases, modelling and interpreting new tenants into the recovery model (Excel and JDE);
• Conducted lease audits to ensure accurate calculation and recovery of CAM and TAX;
• Reviewed and posted information prepared by Revenue Accountants including billings and occupancy;
• Prepared applicable tax calculations and returns including HST/GST/QST;
• Responsible for completion and maintenance of general ledgers and financial reports;
2. 88 Erskine Ave, Suite 1507
Toronto, Ontario, M4P 1Y3
Tel: (416) 486-4859Steve LeClair, BBA
PROFESSIONAL EXPERIENCE (cont.)
Canadian Real Estate Investment Trust (www.creit.ca) – cont.
QUARTERLY / ANNUAL ACCOUNTING RESPONSIBILITIES:
• Completed recovery calculations, reforecasts, and property budgets;
• Coordinated with property management to resolve tenant queries on recovery calculations and billings;
• Responsible to oversee the lease setup process and create recovery models for newly acquired properties;
• Calculated and processed interim and year-end final billings to tenants;
• Conducted shortfall analysis and review over/under accruals of year-end recovery adjustments;
• Prepared annual year-end audit working papers for recoveries and liaise with auditors;
• Provided annual rental advice notices (RAN) to property management;
• Prepared quarterly forecasts and annual budgets, ensuring relevant information is updated in AREF module of JDE
• Prepared year-end property and co-ownership financial statements including drafting the financial statements and notes.
POLICIES AND PROCEDURES:
• Responsible for ensuring approved internal control procedures are followed, including the documentation and
completion of proper audit trails in accordance with Bill 198 (Canadian SOX equivalent) controls.
Triovest Realty Advisors (www.triovest.com)
Senior Property Accountant (Permanent) Apr 2005 - Mar 2006
• Prepared quarterly and monthly reporting packages for two retail properties;
• Reviewed and posted monthly recurring billings for a portfolio of 10 retail properties;
• Prepared consolidated GST reconciliations for the portfolio of 10 retail properties;
• Monitored and administered Portfolio cash flow activity towards achieving intercompany funding targets;
• Prepared monthly inter portfolio cash transfer schedule;
• Coordinated with the Property Accountants for a portfolio of 10 retail properties;
• Prepared Management fees & bank reconciliations for two retail properties;
• Prepared annual cost of operation and realty tax cost files and calculated and processed adjustment billings;
• Prepared manual billings in the Tenants account for percentage rent, setting up of security deposits and LMR;
• Set up/Revise charges in the system based on the lease for two retail properties.
CentreCorp (www.centrecorp.com)
Property Accountant (Contract- Maternity Leave) Nov 2004 – Mar 2005
•Prepared year end working papers /schedules;
•Prepared quarterly and monthly reporting packages;
•Reviewed and posted monthly recurring billings;
•Prepared Management fees, bank & GST reconciliations;
•Reviewed disbursement report submitted by A/P, requesting additional funds if needed;
•Approved suppliers invoice to ensure the coding is correct;
•Prepared manual billings in the Tenants account for percentage rent, setting up of security deposits and LMR;
•Set up/Revise charges in the system based on lease summation/change forms from the billing department.
EDUCATION
Bachelor of Business Administration (BBA), University of New Brunswick, Fredericton New Brunswick.
Accounting education equivalent to Fourth Level CGA program
Real Estate Tools: JD Edwards (JDE), Yardi, Excel, Microsoft Office Outlook