General Summary:

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. 

 
Principal Duties and 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

Qualifications:

• 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

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.