Retail Lease Analyst

5 months ago

Toronto, Canada CT Real Estate Full time

**What you will do**

Canadian Tire Real Estate Limited (CTREL) is a division of Canadian Tire that has responsibility for the end-to-end real estate lifecycle of over 1,800 of the Corporation’s retail and corporate locations across Canada, including the Canadian Tire Retail Stores, PartSource, Canadian Tire Petroleum Gar Bar, Party City, Mark’s Work Warehouse, Sport Chek, and Atmosphere banners. Within CTREL, Occupancy Cost Administration team provides oversight, analysis and reporting of occupancy costs and revenues for CTREL’s large and diverse portfolio of leased and owned properties. Reporting to the National Portfolio Manager, Occupancy Cost Administration, the Occupancy Cost Administrator will minimize occupancy costs through audits of landlord reconciliations and review of landlord rental notices, and maximize tenant income opportunities.
- Drive occupancy cost savings by thoroughly reviewing and auditing landlord year-end reconciliations to ensure charges are reasonable and comply with the terms of the lease, and to challenge landlords and resolve any discrepancies identified.
- Review and process annual Rental Advice Notices (RAN) from Landlords.
- Review Monthly Rent Variance report and provide commentary to material month-over-month rent changes
- Monitor the status of and prioritize the processing of outstanding reconciliations and RANs.
- Respond to Landlord payment inquiries.
- Update and utilize Lucernex contracts module and maintain centralized filling system.
- Where applicable, process Tenant RAN and REC billings in order to maximize Tenant Income within the portfolio
- Other duties and special projects as required.

**What you bring**
- Post-secondary education in a related field (or commensurate experience). Holding or pursuing an accounting designation or accredited commercial real estate designation would be considered an asset.
- Strong verbal and written communication skills, and ability to develop and maintain strong relationships with landlords and internal team members. Bilingualism in English and French considered an Asset.
- Comfortable using MS Office products, lease administration systems, and financial systems. Experience with Lucernex Contracts module and Peoplesoft financials an asset.
- Demonstrated ability to problem solve.
- Strong organizational and planning skills with the ability to multi task and deal with shifting priorities.
- Proven ability to take initiative, exercise sound judgement, to be resourceful and creative, and anticipate the needs and requirements of the department.
- Ability to work with discretion and maintain confidentiality of information.

**Hybrid**

At Canadian Tire we value flexibility. We have adopted a hybrid work model whereby employees use a combination of working in office and virtually in service of outcomes. Each leader is empowered to decide what work is best achieved in person based on the unique needs of their team.

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**About Us**

Canadian Tire Corporation, Limited (“CTC”) is one of Canada’s most admired and trusted companies. With more than 90 Owned Brands, 1,700 retail locations, financial services, exemplary e-commerce capabilities, and exciting market-leading merchandising strategies. We dream big and work as one to innovate with purpose for our customers at every level of our business, investing in new technologies and products, and doubling down on top talent to drive the company forward. We offer competitive salaries and wages to CTC employees, as well as store discounts, supported learning through our Triangle Learning Academy, Canadian Tire Profit Sharing, and retirement and savings programs for eligible employees. As part of our enhanced flex benefits program, we offer mental health benefits in the amount of $5,000 per year for benefits-eligible employees and their families, including total well-being, and mental health tools and resources for all employees. Join us in helping to make life in Canada better through living and working our Core Values: we are innovators and entrepreneurs at our core, outcomes drive us, inclusion is a must, we are stronger together and we take personal responsibility. It is an especially exciting time to join CTC and its family of companies where career opportunities are wide-ranging Join us, where there's a place for you here.

**Our Commitment to Diversity, Inclusion and Belonging**

We are committed to fostering an environment where belonging thrives, and diversity, inclusion and equity are infused into everything we do. We believe in building an organizational culture where people are consistently treated with dignity while respecting individual religion, nationality, gender, race, age, perceived ability, spoken language, sexual orientation, and identification. We are united in our purpose of being here to help make life in Canada better.

**Accommodations

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