Retail Lease Analyst

2 weeks 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

Minimum 2 years of experience in a lease administrator or occupancy cost auditor role. Preference will be given to candidates who have worked in one of these capacities for a Retailer.

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.

Proven ability to interpret and apply lease language, and analyze occupancy costs statements.

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. 

#LI-GM1

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