Financial Analyst, Recoveries

Choice Properties•Toronto, ON

3d•Hybrid

About The Position

Choice Properties is looking for a Financial Analyst, Recoveries, to join our team! Reporting directly to the Manager, Tenant Recovery, the Financial Analyst, Recoveries will play a key role in managing the full cycle of accounting for revenue generating properties within the portfolio. The Financial Analyst, Recoveries must be a self-starter, a strategic thinker and have a great service-oriented attitude that will continue to encourage constant improvement of services and performance.

Requirements

Minimum 1 to 3 years’ experience within real estate accounting and reporting; preferably retail/commercial property accounting experience.
Post-secondary education specializing in Accounting, Business, Economics, Real Estate, or a related field.
Strong proficiency in Microsoft Excel and working knowledge of Word and Outlook.
Excellent interpersonal and communication skills, both written and verbal, with the ability to collaborate effectively across all levels of the organization.
Strong analytical and accounting skills with excellent attention to detail.
A self-starter with the ability to work independently and as part of a team.
Ability to adapt to new challenges and prioritize tasks in a faced paced, evolving environment.

Nice To Haves

Progress toward CPA (CGA, CMA, CA) designation considered an asset.
JD Edwards (JDE), GSS and Tenant Share experience preferred.

Responsibilities

Support integration and ongoing transformation of specialized recovery software with ERP system.
Establish recovery models for tenants, based on review and interpretation of tenant lease recovery checklist (all asset classes).
Reconcile lease shortfall, ensuring property slippage is understood and explained.
Collaborate with business stakeholders (Asset Management, Property Operations, Leasing, Accounting, and other departments) to identify analytical requirements that align with strategic goals.
Assist Asset Management and Leasing to establish additional rates for non-standard leases.
Assist with the set-up of new properties and development transfers for Tenant Recoveries.
Assist Lease Administration with Tenant Billing disputes.
Complete Quarterly Forecast and assist in preparation of Annual Budgets.
Contribute towards developing and maintaining regular reports, dashboards, and visualizations to track key performance indicators (including RPSF, recovery ratios, lease shortfall reconciliations) and provide actionable recommendations.
Validate the integrated data in the specialized recovery software and ensure data accuracy and reliability for recovery calculation by collaborating with Manager and IT.
Support Revenue Accounting operations, including processing internal wire transfers and maintaining bank statements for reporting purposes.
Assist with ad-hoc projects as required.