Your New Company
Hays is proud to be partnering with a global Commercial real estate investor, developer and manager focused on Class AAA retail and office assets across the GTA.
Your New Role
The Leasing Analyst role 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 based out of a Head Office in downtown Toronto, ON. This position is Hybrid, with 4 days in office.
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
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
What You'll Need to Succeed
- 2-5 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
What You'll Get in Return
In return for this position, the successful candidate will be receive a compensation package ranging between $80,000 - $90,000 + Bonus + 3 weeks vacation to start + Benefits + RRSP + More. You will be a valued member of a successful office who is well-established and respected
What You Need To Do Now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.
This posting is for an existing vacancy with the organization.
AI may be used in the screening process for this role.
