Retail Lease Specialist

7 months ago

Toronto, Canada Head Office - Primaris REIT Full time

**Retail Lease Specialist**:
Primaris REIT is currently hiring a dedicated and enthusiastic Retail Lease Specialist to join our team at our Head Office in Toronto, ON. If you have experience in lease administration, great interpersonal skills and thrive in a dynamic, fast-paced environment, this exciting opportunity is perfect for you

As the Retail Lease Specialist, your primary responsibility is to provide exceptional customer service to all clients (both internal and external) with respect to the lease interpretation of CAM, Tax and other additional tenant recovery calculations.
- Review binding legal documentation and input critical date and financial information into Yardi
- Review CAM, Tax and other tenant recovery calculations in accordance with lease requirements, departmental processes, and timelines
- Play an integral part in the annual budget process, year-end accruals, annual pre-bills, year-end billings, quarterly forecast process, CAM/Tax/HVAC analysis
- Set up calculation templates for recoverable charges, in accordance with new/renewals & amendments of leases
- Analyze and make recommendations on Landlord’s position for national tenant disputes
- Support the Accounting department by reconciling & providing denominator calculations for PSF rate calculations
- Support Development & Leasing teams in reviewing changes in the GLA and the impact on PSF rates
- Review all leasing transactions for CAM/Tax recovery methodology/calculation and provide advice on how specific deals impact the property rates/recoveries/landlord shortfall
- Process percent rent calculations, and advise sites on batches ready for posting
- Support properties with respect to lease clause interpretation, variance analysis and changes in denominators
- Assist with set-up of tenant recovery models for newly acquired properties
- Recommend process improvements and other duties as assigned

**Requirements**:

- 3-5 years lease administration experience required, preferably in retail
- Bachelor’s Degree in Business Administration, Finance, Law or related field
- Proficiency with ERP system, Yardi preferable
- Excellent working knowledge of MS Office (Excel, Word)
- Great customer service and interpersonal skills with the ability to build relationships
- Independent, reliable and flexible
- Strong time management skills with the ability to multi-task and meet tight deadlines

Join us and play a vital role in providing outstanding experiences to our valued customers and tenants. We are seeking individuals with a positive attitude, excellent communication skills, and a strong commitment to ensuring customer satisfaction.

**How to Apply**:
If you are ready to embark on a rewarding career in the exciting world of real estate, we would love to hear from you

Join our team as a Retail Lease Specialist and contribute to creating a positive and welcoming shopping experience.

Primaris REIT is Canada's leading enclosed shopping centre-focused real estate investment trust.

We own and operate a portfolio of 11.6 million square feet of dominant enclosed shopping centres valued at approximately $3.2 billion at Primaris' share. Our vision is to champion and elevate retail for Canadians by creating an exceptional experience for our customers while maintaining a strong presence in the industry.

**Job Types**: Full-time, Permanent

**Benefits**:

- Dental care
- Paid time off
- Vision care

Day range:

- Monday to Friday

Shift:

- 8 hour shift

Work Location: In person

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