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Manager, Recoveries

4 months ago

Scarborough, Canada First Capital Full time

First Capital [TSX: FCR.UN] owns, manages and develops grocery-anchored open-air centres in neighbourhoods with the strongest demographics in Canada. As one of Canada’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 ROLE**:
As a Manager, Recoveries, you will be responsible for lease interpretation and expense allocations for tenant-level distributions. Reporting to the Senior Director, Property Tax and Recoveries, you will provide guidance and expertise on various lease types across Canada with a focus on retail assets.

The role is a maternity leave contract lasting approximately 14 months, with possibility of extension or permanent full-time opportunities.

**WHAT YOU WILL DO**:

- Support and help to establish best practices, and approaches to cost recovery of expenses across the organization.
- Review and establish operating cost recovery rates for tenants, based on interpretation of tenant leases.
- Review and calculate tenant allocations for year-end reconciliations, accruals, reforecasts, and budgets.
- Lead and support implementation of specialized recovery software.
- Lead specialized recoveries team provide support and guidance to Property Accounting.
- Identify and resolve discrepancies in reporting and calculations.
- Review and maintain recovery files as required in both online platform and Excel.
- Work closely with Property Accountants and Lease Administrators to ensure proper maintenance of files and documents.
- Respond to inquiries from Property Managers and provides clarification and/or supporting documentation, as necessary.
- Provide information to Property Accountants and Property Managers for annual budget preparations.
- Review leases with respect to tenant disputes and offer an opinion to the legitimacy of the tenants’ complaint.
- Participate in special projects and take on other duties as assigned.

**WHAT YOU BRING**:

- Five (5) to seven (7) years of accounting or lease interpretation experience, preferably in retail property management.
- Post-secondary education in the areas of accounting or business.

**WHAT YOU NEED TO BE SUCCESSFUL**:

- Strong general computer skills, including excellent knowledge of Microsoft Office Suite.
- Ability to learn and leverage new software including accounting and/or recovery systems.
- Excellent lease interpretation and mathematical skills.
- Analytical with strong diagnostic and problem-solving competencies.
- Outstanding time management and organizational capabilities to coordinate multiple, competing priorities and deadlines.
- Strong communication and interpersonal skills to effectively collaborate across all levels within and outside the organization.