Senior Recoveries Analyst

2 weeks ago

Scarborough, Canada First Capital REIT Full time

Description First Capital [TSX: ] owns, operates, and develops grocery anchored open air centres in neighbourhoods with the strongest demographics in Canada. Through the expertise and collaboration of our team, we create thriving properties which generate value for businesses, investors and our neighbourhoods. As one of the Greater Toronto Area’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 Senior Recoveries Analyst, you will report to the Manager, Recoveries. You will be responsible for interpreting and allocating expenses for tenant-level distributions. Focusing on retail assets, the ideal candidate will provide guidance and expertise across a variety of lease types throughout Canada.WHAT YOU WILL DO:Establish operating cost recovery rates for tenants, based on reviews and interpretation of tenant leases.Calculate tenant allocations for year-end reconciliations, accruals, reforecasts, and budgets.Support implementation of specialized recovery software.Working directly with the specialized recoveries team to provide support and guidance to Property Accounting.Identify and resolve discrepancies in reporting and calculations.Update 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 provide 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 on the legitimacy of the tenants’ complaint.Support the property tax team on specialized assignments including various municipal applications, tax budgets, correspondence with municipalities, and valuations.Participate in special projects and take on other duties as required.WHAT YOU BRING:Post-secondary education in the areas of accounting, finance or business.3-5 years of accounting or lease interpretation experience, preferably in the retail property management industry.WHAT YOU NEED TO BE SUCCESSFUL:Proficiency with Microsoft Office Suite.Ability to learn and leverage new software including accounting and/or recovery systems.Strong interpersonal and communication skills.Strong organizational and time management skills.Strong analytical and problem-solving skillsStrong mathematical skills.Operating knowledge of . Edwards accounting system is an assetWHAT WE OFFER:Along with our competitive compensation packages—we’re always thinking of new ways for our people to share in the company’s success. We are very proud to offer the following to our employees:Flexible HoursRemote workdaysCompany-matched savings plansFully paid Extended Healthcare benefits from day oneAnnual Wellness SubsidyTuition & Development ProgramEmployee Referral ProgramRewards and Recognition ProgramsPaid time off during December holiday seasonParental leave benefits

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