Talent.com
Head of Portfolio Management
Head of Portfolio ManagementRecipe • Concord, ON, Canada
Head of Portfolio Management

Head of Portfolio Management

Recipe • Concord, ON, Canada
22 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

Recipe Unlimited Corporation is Canada’s leading full service restaurant company. Home to such iconic brands as Swiss Chalet, Harvey’s, St.Hubert, Montana’s, Olive Garden Canada, Bier Markt, East Side Mario’s, The Landing Restaurant Group, New York Fries, The Pickle Barrel & Catering, State & Main, Elephant and Castle, Original Joe’s, Fresh Kitchen + Juice Bar, The Burger’s Priest, Blanco Cantina and Anejo. With this diverse portfolio of restaurants our Home Office Teammates have the opportunity to work on a wide variety of some of the most popular, well-loved brands in Canada. Variety isn’t the only thing we offer – we are passionate about our industry, we celebrate and support diversity of thought, we are innately curious and encourage our Teammates to take ownership. Above all else, we believe in doing the right thing for our people, our communities and our planet.

Reporting to VP of Real Estate, Head of Portfolio Management will oversee portfolio management activities for all RECIPE brands, including lease renewals, management of redundant leased locations, and disposition of RECIPE-owned real estate. This role will also oversee development, coordination and implementation of site specific portfolio management plans for restaurants across all RECIPE brands, taking into consideration all triggers of action including lease expiries, franchise agreement expiries, conversions and renovation obligations.

What you will do in this role :

Renovations Compliance and Extension of Leases for Renovations 15%

  • Monitor lease expiries, franchise agreement expiries, conversions and renovation obligations to ensure that all brand activities are coordinated in compliance with leases
  • Develop and coordinate ongoing use of appropriate tracking and reporting tools
  • Attend pipeline meetings, brand update meetings and monthly portfolio meetings to report on activities and facilitate decision-making for compliance

Lease Renewals 30%

  • For brand(s) assigned to Head of Portfolio Management :
  • Track upcoming lease expiry and notice dates (at least 4 years out)

  • Solicit input from Real Estate NRO Team, Franchising and the Brand(s) re plan to renew / relocate / close
  • Negotiate business terms of lease renewals
  • Keep franchisees informed and involved throughout the renewal process
  • For brand(s) assigned to Portfolio Manager :
  • Supervise and provide assistance / guidance to the Portfolio Manager

  • Monitor progress on a regular basis
  • Prepare and present lease renewal reports for REC approval
  • Management of Redundant Leased Locations 10%

  • For brand(s) assigned to Head of Portfolio Management :
  • Assist Brand in assessing closure

  • Manage landlord communication
  • Manage process of negotiating buy-out with landlord or sourcing and negotiating deal with subtenant
  • For brand(s) assigned to Portfolio Manager :
  • Supervise and provide assistance / guidance to the Portfolio Manager

  • Monitor progress on a regular basis
  • Disposition of Recipe-Owned Real Estate 10%

  • Assist the Vice President, Real Estate Portfolio Management, in the development of disposition plans for Recipe / Cara-owned real estate
  • Implement disposition plans by :
  • Sourcing purchasers from the real estate investment community

  • Negotiating purchase and sale agreements, lease-backs, and all related documents
  • Managing the transaction closing process
  • Property Management & License Renewals 10%

  • Manage the Portfolio Management Coordinator as it pertains to property management issues such as landlord / tenant disputes, non compliance of the landlord’s obligations and assist franchisees in getting issues resolved
  • Manage the Portfolio Management Analyst who processes all license applications and renewals for all restaurants as well as provide all sales reporting required under our leases for non percentage rent payments
  • Portfolio Management Database 10%

  • Lead the development and ongoing evolution of the Portfolio Management Database so as to address the ongoing and evolving needs of the Portfolio Management team
  • Implement appropriate controls to ensure the ongoing integrity of the Portfolio Management Database
  • Special Projects 5%

  • Assist the Vice President, Real Estate with special projects, as needed
  • Administration 10%

  • Develop standards, processes and controls for the work of a team of 3 associates
  • Provide coaching and guidance with problem-solving
  • Conduct performance appraisals
  • What we are looking for from you :

  • 8 years experience in the industry, with some management or project management experience.
  • Bachelor’s Degree
  • Leading direct reports for improved performance
  • Excellent leadership skills
  • Solid understanding of Canadian commercial real estate market
  • Strong relationships with landlords
  • Excellent negotiation skills
  • Solid understanding of lease language and how it can impact the business terms of a deal
  • Excellent time management skills and ability to deal with multiple priorities
  • Proficiency in Microsoft Word, Excel and Access
  • Dealing with and coordinating the activities of multiple internal and external stakeholders
  • Leading negotiations with challenging landlords
  • Balancing RECIPE’s needs with the interests of franchisees
  • Managing high volume workload
  • Meeting deadlines for lease renewals
  • Interpreting lease language
  • What’s in it for you?

  • Flexible / Hybrid work environment
  • You’d be joining a close-knit, innovative team of creative and energetic go-getters
  • You’d be a part of Canada’s largest full-service restaurant company that leads the industry in size and innovation
  • 20% associate discount dining card and monthly dining allowance valid at participating Recipe brands
  • A welcoming, fun and safe work environment founded on respect
  • Career advancement opportunities with a company that owns some of Canada’s most iconic restaurant brands
  • Industry-leading benefits, wellness programs, and total rewards programs
  • Recipe is committed to providing a diverse, equitable and inclusive workplace. Celebrating people, being passionate and curious, owning it, and doing the right thing are the values that guide how we build our teams, support our franchisees and create a company that unlocks the full potential of everyone.

    Recipe is dedicated to providing accommodations in accordance with applicable human rights and accommodation legislation. For individuals that require accommodations please contact

    Create a job alert for this search

    Portfolio Management • Concord, ON, Canada

    Similar jobs
    Associate - Product Management

    Associate - Product Management

    autologiQ • Oakville, ON, Canada
    Full-time
    We’re growing fast, innovating constantly, and looking for a driven .Associate – Product Management.In this role, you will play a pivotal part in enhancing and expanding our digital platform, ensur...Show more
    Last updated: 10 days ago • Promoted
    Licensed Funeral Pre-Planning Director

    Licensed Funeral Pre-Planning Director

    Arbor Memorial Inc. • Burlington, Halton Region, Canada
    Full-time +1
    Licensed Funeral Pre-Planning Director.Join to apply for the Licensed Funeral Pre-Planning Director role at Arbor Memorial Inc. Be among the first 25 applicants.Working with Arbor means more than a ...Show more
    Last updated: 10 days ago • Promoted
    Director, Performance Management & Systems

    Director, Performance Management & Systems

    Vaco by Highspring • Mississauga, ON, CA
    Permanent
    Our client is a leading Professional Services firm.They are looking for a Director, Financial Systems to join their team!. Opportunity to join the leadership team of a leading professional services ...Show more
    Last updated: 22 days ago • Promoted
    VP of Transformation, Growth & Innovation

    VP of Transformation, Growth & Innovation

    Compass Group North America • Mississauga, Peel Region, Canada
    Full-time
    A global foodservice and support services company is seeking a Vice President, Business Transformation to drive innovation and organizational change. This role involves providing strategic leadershi...Show more
    Last updated: 20 days ago • Promoted
    Strategic CFO for Nonprofit Health — Growth & Oversight

    Strategic CFO for Nonprofit Health — Growth & Oversight

    Alliance for Healthier Communities • Brampton, Peel Region, Canada
    Full-time
    A community health organization in Brampton, ON, is seeking a Chief Financial Officer to lead all financial operations.This role involves developing financial strategies, oversight of budgeting, fo...Show more
    Last updated: 16 days ago • Promoted
    Managing Director

    Managing Director

    HRC Global Services • Mississauga, Peel Region, Canada
    Full-time
    Be among the first 25 applicants.As MD, you will assume full ownership of our clients strategic direction, operational execution, team leadership, and market expansion. You will inherit a respected ...Show more
    Last updated: 30+ days ago • Promoted
    Mission-Driven CFO | Lead Finance for Community Health

    Mission-Driven CFO | Lead Finance for Community Health

    WellFort CHS • Brampton, Peel Region, Canada
    Full-time
    A non-profit health organization in Peel Region is seeking a Chief Financial Officer to oversee all financial operations and ensure long-term organizational sustainability.The CFO will serve as a f...Show more
    Last updated: 30+ days ago • Promoted
    CEO

    CEO

    Greater Manchester Moving • Bolton C7E, ON, Canada
    Full-time
    As the Chief Executive Officer of Bolton CVS and a Director of 10GM, you will play a central role in achieving our aim to support lasting, transformative impact for communities across Bolton and Gr...Show more
    Last updated: 9 days ago • Promoted
    Managing Director, Enterprise

    Managing Director, Enterprise

    O.C. Tanner Company • Burlington, Halton Region, Canada
    Full-time
    Managing Director, Enterprise page is loaded## Managing Director, Enterpriselocations : CAN - Ontario-Burlingtontime type : Full timeposted on : Posted Yesterdayjob requisition id : JR25-118O.T...Show more
    Last updated: 22 days ago • Promoted
    Senior Finance Specialist

    Senior Finance Specialist

    SuperAnnotate • Vaughan, Ontario, CA
    Remote
    Full-time
    In this hourly, remote contractor role, you will review AI-generated finance analyses and / or generate expert finance content, evaluating reasoning quality and step-by-step problem-solving while pro...Show more
    Last updated: 3 days ago • Promoted
    Strategic FP&A Leader : Growth, Automation & Insights

    Strategic FP&A Leader : Growth, Automation & Insights

    Innomar Strategies Inc. • Oakville B8B, ON, Canada
    Full-time
    A leading healthcare finance firm in Ontario is seeking a Financial Planning & Analysis Director to lead a talented FP&A team. The role involves overseeing financial planning processes, developing p...Show more
    Last updated: 30+ days ago • Promoted
    Gym Operations Leader — 15-Month General Manager

    Gym Operations Leader — 15-Month General Manager

    Surin Group • Oakville B8B, ON, Canada
    Full-time +1
    A fitness organization is seeking a Full-Time General Manager to oversee operations and ensure a top-tier experience for members. Responsibilities include recruiting and training staff, managing gym...Show more
    Last updated: 27 days ago • Promoted
    Chief Technology Officer

    Chief Technology Officer

    Patch Tech Staffing • Bolton C7E, ON, Canada
    Full-time
    Our client is looking for a hands‑on technical leader to manage the overall strategy and delivery of their technical services and products to its clients. Reporting to the CEO, this position will de...Show more
    Last updated: 9 days ago • Promoted
    Portfolio Manager

    Portfolio Manager

    Charton Hobbs Group • Mississauga, ON, Canada
    Full-time
    Reports to : Vice President, Eastern Canada.Charton Hobbs (CH) is a well established, highly reputable national wine, spirits, sales, and marketing agency selling such brands as Moet Hennessy, Luxar...Show more
    Last updated: 30+ days ago • Promoted
    Finance Private Tutoring Jobs Bond Head

    Finance Private Tutoring Jobs Bond Head

    Superprof • Bond Head, Canada
    Full-time +1
    Superprof is Canada's #1 tutoring platform, and we're actively recruiting passionate tutors! Whether you're a student, a professional, or simply someone who loves teaching, join the largest communi...Show more
    Last updated: 30+ days ago • Promoted
    Director, Order Management • • •Directeur(rice), Gestion des commandes

    Director, Order Management • • •Directeur(rice), Gestion des commandes

    Axis Communications • Oakville B8B, ON, Canada
    Remote
    Full-time
    Please click on the following hyperlinks to review details.This will be considered together with our.Director, Order Management\ •\ •\ •Directeur(rice), Gestion des commandes page is loaded## Directo...Show more
    Last updated: 30+ days ago • Promoted
    Strategic Municipal CFO & Asset Management Leader

    Strategic Municipal CFO & Asset Management Leader

    Ontario Municipal Administrators Association (OMMA) • King City L0G, ON, Canada
    Full-time
    A municipal organization in King City, ON is looking for a Chief Financial Officer / Treasurer to lead financial operations and strategic planning. The ideal candidate will have substantial experien...Show more
    Last updated: 30+ days ago • Promoted
    General Manager

    General Manager

    Firehouse Subs • Bradford West Gwillimbury L0G, ON, Canada
    Full-time
    We are looking for a full-time General Manager who is full of energy, motivated, and has excellent attention to detail.Founded in 1994 by former firefighting brothers Chris and Robin Sorensen, Fire...Show more
    Last updated: 30+ days ago • Promoted