Senior Recoveries Analyst

3 weeks ago

Toronto, 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 Senior Recoveries Analyst, you will be responsible for lease interpretation and expense allocations for tenant-level distributions across our portfolio in Canada. Reporting to the Manager, Recoveries, you will provide guidance and expertise on a variety of lease types, with a focus on retail assets.

WHAT YOU WILL DO:

Establish operating cost recovery rates for tenants based on reviews and interpretations of tenant leases. Calculate tenant allocations for year-end reconciliations, accruals, reforecasts, and budgets. Support implementation of specialized recovery software. Work 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 platforms 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’ complaints. 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 assigned.

WHAT YOU BRING:

Proven experience in Property Accounting or Lease Interpretation, preferably in retail property management. Excellent lease interpretation and mathematical skills. Knowledge of Microsoft Office suite, with advanced Excel skills, and experience working with accounting and recovery systems (., JDE, TenantShare). WHAT YOU NEED TO BE SUCCESSFUL: Analytical with strong diagnostic and problem-solving competencies. A high degree of comfort with technology and related applications; know how to leverage and learn new software and take any opportunity to learn new skills. Outstanding time management and organizational capabilities to coordinate multiple competing priorities and deadlines. Well-developed communication and presentation skills with the ability to present findings and conclusions in a "non-technical" manner. Passionate team player who can collaborate at all levels within and outside the organization. Post-secondary education in Accounting or Business; a professional designation is an asset. WHAT WE OFFER: We invest in People. 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 Hours Remote workdays Company-matched savings plans Annual Wellness Subsidy Tuition & Development Program Employee Referral Program Rewards and Recognition Programs Paid time off during December holiday season Parental leave benefits

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