Senior Analyst, Lease Accounting

OMERS•Toronto, ON

2d•CA$72,000 - CA$108,000•Onsite

About The Position

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.

Requirements

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

Responsibilities

Review and Interpretation of Lease Documents
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