Manager, Tenant Recovery

Choice Properties; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Manager of Property Accounting to lead financial analysis and reporting. This role involves ensuring the integrity of accounting controls, mentoring a strong team, and coordinating departmental learning. You'll support the accounting team in achieving objectives, contribute to financial reviews, and ensure compliance with internal controls. This position offers a unique opportunity to make a significant impact within a dynamic organization focused on optimizing its real estate portfolio. If you're passionate about accounting and ready to take on new challenges, this role could be your next step in a rewarding career.

Qualifications

• 4+ years of full cycle property accounting experience required.
• CPA designation preferred, strong Excel skills necessary.

Responsibilities

• Support the accounting team to achieve departmental objectives.
• Assist in monthly financial results and variance analysis.

Skills

Team Leadership

Communication Skills

Analytical Skills

Interpersonal Skills

Problem Solving

Education

Post-secondary degree in Accounting, Business, Economics, or related field

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

JD Edwards (JDE)

Job description

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S5

Manager, Property Accounting – Tenant Recovery

The Manager, Property Accounting is responsible for in-depth review and production of accounting and financial analysis and reports, with the objective of providing accurate, reliable and timely information to the various internal and external clients of the department. They will ensure the integrity of accounting controls, review bank reconciliations, adjustments, recovery calculations and cash management as necessary, use development, mentoring and coaching techniques to build a strong accounting team, manage performance evaluations in conjunction with HR, and coordinate departmental learning.

Responsibilities:

• Support the accounting team to ensure departmental objectives are achieved.
• Assist in portfolio level review and completion of monthly financial results and variance analysis for management.
• Contribute to quarterly quality assurance reviews on financial working papers.
• Coordinate lease setup and review recovery models creation for newly acquired properties.
• Review lease recovery set up in Recovery Application.
• Assist in portfolio reporting to ensure accuracy, completeness, and timeliness of recovery information.
• Assist in portfolio level review and reporting to management, co-owners, and auditors.
• Ensure all Internal Control Policies and Procedures are followed, including the documentation and completion of proper audit documents.
• Identify gaps in existing policies and procedures and escalate as appropriate.
• Complete analytics for various recovery calculations or scenarios as requested by various business stakeholders.
• Assist in Quarterly reforecast of required recovery calculations.
• Review of final billing and budget models to ensure accuracy.
• Coordinate any required revision for any lease/tenant dispute.
• Coordinate with Recovery Application Developer for any required enhancements.
• Perform additional duties and responsibilities, as required.

Qualifications:

• A post-secondary degree specializing in Accounting, Business, Economics, Real Estate, or a related field.
• Minimum of 4 years of full cycle property accounting experience, including property and recovery/lease accounting.
• CPA (CGA, CMA, CA) designation completed preferred.
• Strong proficiency in Microsoft Excel, Word and Outlook.
• JD Edwards (JDE) experience preferred.
• Ability to lead and direct others in a team environment.
• Excellent interpersonal and communication skills, both written and verbal, with the ability to collaborate effectively across all levels of the organization.
• Demonstrated ability to lead process improvements and adopt new technologies to enhance accounting operations.
• Ability to adapt to new challenges and prioritize tasks in a fast-paced, evolving environment.
• Strong proficiency in analyzing and resolving standard issues by applying experience, judgment, and established precedents to determine effective solutions.
• Ability to work well with others and develop cooperative working relationships.
• Solid understanding of accounting and internal controls and procedures.

About Choice Properties

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centers.

Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through high quality transactions, strategic development and active property management. We mainly focus on necessity-based retail, and high-quality industrial and mixed-use assets. In particular, we have a strategic relationship with Loblaw, our largest tenant, that provides us with access to high quality investment opportunities.

Our established operating platform with a proven track record of success also provides us with access to a transformational development pipeline that we believe supports superior long-term value creation and growth. A commitment to continuous learning and development is a strong part of our culture.

Choice Properties REIT recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and employees with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.

Number of Openings:

1

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