City : Scarborough, ON, Canada

Category : Accounting and Finance

Industry : Real Estate

Employer : First Capital

First Capital [TSX: FCR.UN] owns, manages and develops grocery-anchored open-air centres in neighbourhoods with the strongest demographics in Canada. As one of Canada’s top employers, we foster a vibrant culture that ensures equal opportunity and well-being for all employees in a dynamic workplace. We are proud to provide rewarding opportunities to build meaningful careers in a fun and high performing environment.

THE ROLE:

As a Manager, Recoveries, you will be responsible for lease interpretation and expense allocations for tenant-level distributions. Reporting to the Senior Director, Property Tax and Recoveries, you will provide guidance and expertise on various lease types across Canada with a focus on retail assets.

The role is a maternity leave contract lasting approximately 14 months, with possibility of extension or permanent full-time opportunities.

WHAT YOU WILL DO:

• Support and help to establish best practices, and approaches to cost recovery of expenses across the organization.
• Review and establish operating cost recovery rates for tenants, based on interpretation of tenant leases.
• Review and calculate tenant allocations for year-end reconciliations, accruals, reforecasts, and budgets.
• Lead and support implementation of specialized recovery software.
• Lead specialized recoveries team provide support and guidance to Property Accounting.
• Identify and resolve discrepancies in reporting and calculations.
• Review and maintain recovery files as required in both online platform and Excel.
• Work closely with Property Accountants and Lease Administrators to ensure proper maintenance of files and documents.
• Respond to inquiries from Property Managers and provides clarification and/or supporting documentation, as necessary.
• Provide information to Property Accountants and Property Managers for annual budget preparations.
• Review leases with respect to tenant disputes and offer an opinion to the legitimacy of the tenants’ complaint.
• Support the property tax team on specialized assignments including various municipal applications, tax budgets, correspondence with municipalities, and valuations.
• Participate in special projects and take on other duties as assigned.

WHAT YOU BRING:

• Five (5) to seven (7) years of accounting or lease interpretation experience, preferably in retail property management.
• Post-secondary education in the areas of accounting or business.

WHAT YOU NEED TO BE SUCCESSFUL:

• Strong general computer skills, including excellent knowledge of Microsoft Office Suite.
• Ability to learn and leverage new software including accounting and/or recovery systems.
• Excellent lease interpretation and mathematical skills.
• Analytical with strong diagnostic and problem-solving competencies.
• Outstanding time management and organizational capabilities to coordinate multiple, competing priorities and deadlines.
• Strong communication and interpersonal skills to effectively collaborate across all levels within and outside the organization.

Our people are what makes us different. At First Capital we are committed to workplace diversity and inclusion within our organization, therefore, we encourage all qualified persons from all backgrounds to apply. Accommodations are available, upon request, to all applicants with disabilities throughout our hiring process. To discuss any accommodation, please email us at careers@fcr.ca.