Senior Analyst, Lease Accounting

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We are a leading global real estate investor, developer and manager. We combine our capital with our capabilities to create real estate that strengthens economies and communities. By prioritizing people, partnerships and places, we generate meaningful returns for OMERS members, enhance value for our capital partners and create a brighter world for our customers.

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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

This posting is for an existing vacancy.The expected salary range for this position is $72,000.00 - $108,000.00 per year.

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.

Oxford's purpose is to strengthen economies and communities through real estate.

Our people-first culture is at its best when our workforce reflects the communities where we live and work — and the customers we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our committee and employee recognition programs.

Artificial intelligence (AI) tools are used to support certain stages of the OMERS recruitment process. While AI assists us in our process, human judgment and decision-making remain central to our candidate experience.