Senior Analyst, Lease Accounting

Oxford Properties Group; Toronto; On-site; CAD 72,000 - 108,000; Full time

Benefits offered by this job

Group benefits

Retirement plans

Job summary

Oxford Properties Group in Toronto is seeking a Senior Analyst, Lease Accounting to review and interpret lease documents, ensuring accurate tenant billings and recoveries. You will support month-end, budgeting and process improvements across CAM, utility, and property tax models.

You will collaborate with property management, asset management and leasing teams, delivering robust financial analysis and accurate recovery calculations, while continuously enhancing internal systems and controls.

Qualifications

• Review and interpret complex lease agreements, amendments and renewals to translate terms into billing and recovery processes.
• Collaborate with internal stakeholders, building relationships and explaining financial impacts to resolve disputes for positive outcomes.
• Analyze CAM/recovery models and optimize data movement through internal systems to improve control.

Responsibilities

• Track leasing activity for the assigned portfolio and ensure accurate tenant billings.
• Review lease documents to ensure correct lease setup in the accounting system.
• Assist property management teams in investigating tenant queries or disputes and provide financial analyses.

Skills

Lease abstraction

Stakeholder management

Process improvement

Education

University degree

Tools

JD Edwards/Yardi

Job description

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.

The Senior Analyst, Lease Accounting involves reviewing and interpreting lease documents to ensure accurate setup for billing tenants and verifying the accuracy of tenant recoveries during key processes such as month end, final billings and the annual budget process. The role will be part of a high-reaching team that values people development and long-term growth, and will be responsible for tasks such as completing recovery calculations, assisting various teams with lease setups, and providing financial analysis.

You Will Be Responsible For

• Track all leasing activity for assigned portfolio
• Review and interpret lease documents to ensure accurate tenant billings
• Ensure accurate lease setup in the accounting system
• Assist property management teams in investigating and responding to tenant queries or disputes

Maintain Recovery Calculations

• Ensuring accuracy of recoveries during month end, final billing and the annual budget process
• Completing recovery calculations within the Common Area Maintenance (CAM), utility and property tax models
• Post monthly recovery accrual
• Identifying, recommending, and implementing process and system improvements
• Setting up tenant recovery models for new properties as required

Support of Business Partners

• Providing accounting with variance commentary
• Assist asset management, legal and leasing teams, ensuring deals are drafted to maximize recoveries
• Providing financial analysis to determine the impacts of selected exception deals and recovery ratios
• Assist property managers in analyzing leasing impacts on rates

Required Skills And Experience

• Lease abstraction and contract management - Review and interpret complex lease agreements, amendments, renewals and translate terms into billing and recovery processes.
• Stakeholder Management and Influencing Skills - Collaborate with internal stakeholders building relationships, explaining financial impacts, resolving disputes for positive outcomes
• Process improvement and Systems Optimization - Analyze inefficiencies to enhance CAM/Recovery models, improve control and optimize how data moves through internal systems

Preferred Skills And Experience

• University degree
• 5 years of experience in reading and interpreting leases, preferably for commercial tenants
• Have an understanding of accounting concepts as it relates to the real estate industry
• Highly proficient in Microsoft Excel and have strong financial analytical and problem-solving skills
• Detail oriented and focused on accuracy
• Excellent communicator in both written and verbal form
• Embrace collaborative sharing of knowledge within a teamwork environment
• Thrive in organizations that constantly evolve and can work well under pressure
• Are driven to achieve results and strive to deliver high performance through creative thinking
• Have experience working with large ERP systems, preferably JD Edwards/Yardi

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.

Artificial intelligence (AI) tools are used to support certain stages of the OMERS recruitment process. While AI assists us in our process, human judgment and decision-making remain central to our candidate experience.