Real Estate Accountant

At H&M, our purpose is to liberate fashion for the many. We want to shape a new world in Fashion. A world with one ultimate goal: to unleash your self-expression. As an H&M colleague, you’re encouraged to be yourself & more. You’ll take on new responsibilities from day one, learn skills for life, and find new ways to make your big dreams come true.

Our company is committed to fostering a culture of inclusion and belonging, and we actively seek colleagues who share our commitment.

Job Description

At H&M, our purpose is to liberate fashion for the many. We want to shape a new world in Fashion. A world with one ultimate goal: to unleash your self-expression. As an H&M colleague, you’re encouraged to be yourself & more. You’ll take on new responsibilities from day one, learn skills for life, and find new ways to make your big dreams come true.

Our company is committed to fostering a culture of inclusion and belonging, and we actively seek colleagues who share our commitment.

About the Role

As a Real Estate Accountant in the Finance Function, your main focus will be to assume responsibility for providing comprehensive support to the finance accounting team. This entails overseeing the general ledger and producing detailed financial reports pertaining to real estate operations.

This hybrid role reports into our Accounting Manager and is based out of the Toronto Support Office.

A Day in the Life

Working at H&M means no two days are ever the same, but a typical day will include the following responsibilities*

• Review and analyze lease agreements to extract key financial data and terms
• Review and process monthly rent payments
• Calculate percent rent and process payments
• Review landlord correspondence and research billing disputes
• Review landlord prepared estoppels
• Interact with internal leasing department, landlords, and legal counsel
• Review oversight of open real estate issues and work with Landlord to resolve open balances
• Maintain log of open landlord invoices 
• Prepare and report monthly sales report and send to Landlord
• Work on month end entries and postings
• Review/Calculate CAM, Tax, Insurance, HVAC Year End True-Ups
• Maintain lease databases and documentation, ensuring data integrity and compliance with internal controls and IFRS leasing regulations
• Participate in process improvement initiatives to enhance efficiency and effectiveness of lease accounting processes
• Prepare accurate and timely financial reports, including balance sheets, income statements, and cash flow statements related to lease transactions
• Responsible for supporting variance analysis of actuals to budgets
• Review of year end landlord reconciliations
• Annual reporting to parent company of leases and real estate expenses
• Other ad hoc projects and assignments as they become necessary

Qualifications

Who You Are:

• Bachelor’s Degree or Diploma in Accounting preferred
• 3 years real estate accounting or lease administration experience. Retail experience is a plus
• Ability to work in a fast-paced, time sensitive environment
• Well versed accounting concepts and IFRS leasing regulation
• Strong organizational skill
• Strong ability to interpret lease language and understand legal term
• Strong analytical skills and detail oriented
• Experience working with financial system programs (e.g., SAP) is desirable
• Experience with lease accounting software is a plus
• Proficient with Microsoft Office, Expert in Microsoft Excel
• Excellent communication skills and ability to follow-up with all levels of employees
• Ability to prioritize tasks and meet deadlines effectively
• Commitment to continuous learning and professional development in lease accounting practices and regulations

Why You’ll Love Working at H&M

• We value diverse backgrounds, including but not limited to race, ethnicity, gender, age, religion, sexual orientation, and disability
• We pride ourselves on being a values-driven organization, guided by our 7 unique values that have been part of our success story for over 75 years
• You’ll have access to our Colleague Resource Groups (CRGs) to find community and networking opportunities among colleagues

• We are an inclusive company where you’re encouraged to be yourself at work
• You will have access to a large global talent community, where career growth and aspirations have no limits
• We believe in supporting your overall wellbeing and offer comprehensive benefits
• You’ll be able to express your personal style with our employee discount at H&M, & Other Stories, and COS

*This job posting highlights the most critical responsibilities and requirements of the job and is not all-inclusive. There may be additional duties, and responsibilities assigned for this job at the company’s discretion.

Additional Information