Cost engineer Jobs in Toronto, ON

What you’ll do

Canadian Tire Real Estate Limited (CTREL) is a division of Canadian Tire that has responsibility for the end-to-end real estate lifecycle of over 1,800 of the Corporation’s retail and corporate locations across Canada, including the Canadian Tire Retail Stores, PartSource, Canadian Tire Petroleum Gar Bar, Party City, Mark’s Work Warehouse, Sport Chek banners. Within CTREL, the Occupancy Cost Administration team provides oversight, analysis and reporting of occupancy costs and revenues for CTREL’s large and diverse portfolio of leased and owned properties.

Reporting to the National Portfolio Manager, Occupancy Cost Administration, the Occupancy Cost Manager is a high-impact role responsible for helping control and reduce occupancy costs across a large national retail portfolio. This role leads the review of landlord reconciliations, rental adjustment notices, percentage rent calculations, and rent variance analysis to ensure lease compliance, recover overcharges, and strengthen portfolio controls. The successful candidate will bring hands-on retail tenant-side experience, strong lease interpretation capability, and the ability to partner effectively with landlords and cross-functional internal teams including finance, legal, and real estate.

• Drive cost savings and operational efficiency across a national retail portfolio

• In conjunction with the Occupancy Administrators, audit year-end CAM invoices, Rental Adjustment Notices (RANs), percentage rent calculations and other landlord statements to identify savings from charges that contravene lease terms

• Monitor and prioritize processing of outstanding invoiceworkflows for your portfolio

• Perform a variance analysis of the monthly rent roll, explain any large variances and identify corrections

• Where applicable, perform the same tasks above for Income tenant billings in order to maximize tenant revenue

• Develop strong landlord/tenant relationships and act as the primary liaison on occupancy cost issues

• Oversee and approve daily work of Occupancy Administrators, ensuring accuracy and timeliness, while providing mentorship

• Validate all requests for changes to landlord names or banking information

• Leverage Lucernex reporting capabilities to identify cost-saving opportunities

• Lead Special Projects as assigned from time to time

What you bring:

• 5+ years of experience in Lease/Occupancy Cost Administration, preferably in retail real estate

• Post-secondary education with a real estate / facilities, business, or finance and accounting focus.

• Proven ability to interpret leases, audit landlord billings, and deliver measurable occupancy cost savings. Candidate should have achieved at least $250,000+ in career savings

• Proven track record ofcollaboration and fostering professional relationships with landlords and cross-functional teams such as finance, legal and accounting, development and construction

• Experience using Lucernex Contracts module and Peoplesoft financials an asset.Comfortable using MS Office products, lease administration systems, and financial systems required.

• Experience working with a retail income tenant portfolio considered an asset

• Experience using AI (Co-Pilot, ChatGPT) and/or a willingness to learn and grow knowledge and experience in this area

• Strong problem-solving, organizational, and planning skills with ability to manage shifting priorities

• Experience working with a retail income tenant portfolio considered an asset

• Strong interpersonal, negotiating and communicationskills (both written and verbal) are required.

• Bilingualism in English and French preferred and is considered an asset

We’re always looking for great talent! In addition to competitive pay, we offer:

• Comprehensive benefits and retirement programs

• Performance incentives, Continuing Education Programs

• Other perks to support your well-being

• Career growth opportunities and product discounts

Broadband Salary Range: $64,000 – $104,000 CAD.
Our typical hiring range is between $85,000 and $90,000 CAD. Salary decisions are also dependent on other factors such as your experience, industry benchmarks, internal equity and other role-specific requirements. For critical roles, the compensation offering will be reviewed to ensure alignment with market rate and conditions and the unique value you bring to the role.

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This posting represents an existing vacancy within our organization.

We may use artificial intelligence tools as part of our recruitment process to assist in the initial screening of resumes. All hiring decisions, including candidate evaluation, selection, and disposition, are made by human recruiters.