Senior Analyst, Lease Accounting

Oxford Properties Group; Canada; On-site; CAD 98,000 - 149,000; Full time

Job summary

A leading global real estate firm in Canada seeks a highly motivated Senior Analyst for Lease Accounting. The role involves managing and interpreting lease documents, ensuring accurate tenant billing, and supporting financial analysis for decision-making. Ideal candidates should have at least 7 years of experience with commercial leases and proficiency in Excel. The expected salary is between $72,000 and $108,000 annually, with additional benefits.

Benefits

Annual Incentive Award

Group benefits and retirement plans

Qualifications

• Minimum of 7 years experience in reading and interpreting commercial leases.
• Strong understanding of accounting concepts in real estate.
• Self-motivated with attention to detail.

Responsibilities

• Review and interpret complex commercial lease documents.
• Provide operating cost and tax charge types.
• Ensure accurate lease setup in the ERP system.

Skills

Analytical skills

Financial modeling

Data analysis in Excel

Communication skills

Education

Undergraduate Degree in accounting, finance, commerce, business or legal

Tools

Large ERP systems

Job description

Overview

Choose a workplace that empowers your impact. Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and passion. A place where you can personalize your employee journey to be - and deliver - your best.

We are a leading global real estate investor, developer and manager. We combine our capital with our capabilities to create real estate that strengthens economies and communities. By prioritizing people, partnerships and places, we generate meaningful returns for OMERS members, enhance value for our capital partners and create a brighter world for our customers.

Join us to accelerate your growth & development, prioritize wellness, build connections, and support the communities where we live and work. Don\'t just work anywhere - come build tomorrow together with us.

Know someone at OMERS or Oxford Properties? Great! If you\'re referred, have them submit your name through Workday first. Then, watch for a unique link in your email to apply.

We are looking for a highly motivated Senior Analyst, Lease Accounting to join our North American Accounting team in Toronto. In this role you\'ll be responsible for reviewing and interpreting lease documents to ensure accurate setup for the purpose of billing tenants and for reviewing the accuracy of tenant recoveries during key processes such as the annual budget process and year end reconciliations.

You will be a key member of an engaged, high-reaching team-part of a world-class, winning culture that prioritizes people development and focuses on long-term growth. We take great pride in leading the industry by earning respect through every interaction, every day. We go above and beyond to protect and grow relationships by anticipating needs, being honest and considerate and valuing customers as genuine partners.

Responsibilities

• Reviewing, interpreting, and abstracting complex commercial lease documents, including amendments, extensions, and termination agreements
• Providing the accounting team with operating cost and tax charge types for new deals, renewals and expansions
• Advising property management and accounting teams, ensuring the accurate setup of leases in the ERP system
• Reviewing, on a detailed and timely basis, the accuracy of recovery calculations contained within the operating cost and property tax recovery models in connection with issuing final billings to tenants
• Reviewing recovery models and leasing assumptions during the annual budget process, ensuring accurate prebill rates
• Provide support and expertise to business partners in investigating and responding to tenant queries or disputes
• Provide financial analysis to determine the impacts of select exception deals
• Assist with sector level analysis relating to rate impact, shortfalls, recovery ratios, NOI as required
• Liaise with property tax consultants relating to recoveries and the processing of appeal refunds
• Assist the Leasing and Legal teams in drafting of agreements
• Setting up tenant recovery models for new properties and perform lease audits as required
• Identifying, recommending and implementing process and system improvements
• Assist other lease analysts with complex lease interpretation

Qualifications

• To succeed in this role, you: Have an Undergraduate Degree in accounting, finance, commerce, business or legal
• Have a minimum of 7 years work experience in reading and interpreting commercial leases
• Have a strong understanding of accounting concepts as it relates to the real estate industry
• Thrive in organizations that constantly evolve and adapt
• Have proven analytical, financial modeling, and data analysis skills in Microsoft Excel
• Embrace collaborative sharing of knowledge within a team environment
• Are self-motivated with a strong work ethic and a high level of attention to detail
• Are an excellent communicator, both written and verbal
• Have experience working with large ERP systems

Notes

• This posting is for an existing vacancy.

The expected salary range for this position is $72,000.00 - $108,000.00 per year.

You may also be eligible to receive an annual Incentive Award pursuant to our Short-term Incentive plan and our Long-Term Incentive plan (if applicable), and to participate in our group benefits and retirement plans - details on these elements of compensation are included within OMERS & Oxford offer letters.

Oxford\'s purpose is to strengthen economies and communities through real estate.

Our people-first culture is at its best when our workforce reflects the communities where we live and work - and the customers we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.

Note: OMERS uses artificial intelligence tools to assist in the recruitment process.