Analyst, Accounts Receivable

3 weeks ago

North York, Canada RioCan Full time

Summary

Who We Are

RioCan is one of Canada's largest Real Estate Investment Trusts (REIT). We own, manage and develop retail-focused, increasingly mixed-use properties in Canada's major markets. We pioneered the REIT concept almost 30 years ago and have transformed Canadian real estate.

We are proud to be recognized as one of Canada's Greenest Employers and a Greater Toronto's Top Employer. At RioCan, you can build a career with real impact and longevity. You get the stability and resources of an established company and the entrepreneurial and collaborative spirit of a start-up. Life at RioCan is dynamic and fast-paced. We know that great ideas can come from anywhere, and we empower our people to suggest and implement them. We value different voices and perspectives and appreciate that the unique backgrounds and identities we each bring to our jobs make the whole business stronger.

POSITION OVERVIEW:
Reporting to Senior Director - Accounts Receivable, this position is responsible for overseeing day to day collection of Accounts Receivable portfolios.

RESPONSIBILITIES:

- Oversee regional portfolio of properties to ensure timely collection of rents and amounts due.
- Coordinate and chair monthly accounts receivable meeting with regional staff, providing guidance to ensure AR Matters are being handled in a timely and efficient manner, in accordance with set guidelines and policies.
- Provide assistance for account reconciliations and JDE instructions where needed.
- Recommend and review stop billings, reversals, write offs and AR cheque requisitions.
- Prepare and maintain various schedules and reports for use, i.e. tenant default schedules, tenant watch lists, ar analysis, top 50 tenant analysis, etc.
- Liaise with various departments and tenants to ensure accounts are set up properly, adjustments are completed as required and amounts are cleared in a timely manner.
- Ensure that PM’s and site staff adhere to RioCan policy and procedures as they relate to Accounts Receivable.
- Liaise with tenant and various RioCan departments in order to expedite adjustments, address concerns and resolve AR issues.
- Analysis of accounts receivable and preparation of statements of account as required, in order to display current account status on a national level.
- Monitoring and maintenance of AR commentary in JDE to reflect current status.
- Communicate with tenants regarding implementation of electronic payments and set up of same.
- Update and maintain various schedules and templates in SharePoint, as they relate to Accounts Receivable, ie. Ancillary revenue, ET Tenants, outstanding tenant schedules, outstanding rent reports, tenant dispute lists, collections letter templates (defaults / terminations), AR related forms..
- Provide write-offs and bad debt recommendations to executive Sr. Director AR for consideration.
- Preparations / review / direction on initial rents owed by new tenants, including lease review and interpretation.
- Oversee accurate allocation of cash receipts.
- Monitoring of potentially problematic tenants to ensure minimum accounts receivable exposure.
- Training of site staff as needed, on all matters relating to AR, including JDE, cash receipts, statements of account, default preparation, lease interpretation, etc.
- Oversee property ownership changes and subsequent bank account changes, to ensure correct cash receipt allocation and allocation if funds.
- Prepare and submit proofs of claim, and all subsequent follow-up of tenant bankruptcy proceedings.
- Other duties / special projects as assigned.

QUALIFICATIONS:

- Strong analytical and problem-solving skills.
- Strong interpersonal and communications skills, both oral and written.
- Strong diplomatic and negotiation skills in order to handle delinquent accounts.
- Knowledge of collections proceedings and Landlord remedies.
- Understanding of Lease/legal documents.
- Understanding of tenant billing concepts such as operating costs, realty taxes and % rent.
- Previous collection experience.
- Ability to work with mínimal supervision.
- Strong organizational skills.
- Ability to multi-task with high volumes of work.
- Attention to detail with high degree of accuracy.
- Proficient in Microsoft Office with strong Excel and Outlook skills.
- Previous experience in JD Edwards is an asset.
- Proven ability to meet strict and changing deadlines.

Why join RioCan?

We believe in rewarding you for what you do and investing in your career and long-term success. Our total rewards and perquisites program is designed to fit and enrich your life physically, emotionally, financially, and socially. We offer eligible employees:
Work / Life Balance that prioritizes YOU. Enjoy a hybrid work model with flexible work hours, an extra-long weekend with our RioCan Cares Day, and half days before every long weekend in the summer.

Professional Growth and Development that includes a continuing education reimbursement, a mentorship and leadership development prog

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