Lease Administration Analyst

Company Description

We’re RCL - Reitmans Canada Limited. We’ve been part of the fabric of Canada’s fashion landscape since 1926, and today, we’re elevating our iconic brands – Reitmans, RW&CO, and PENN. Penningtons – more than ever before.

Our vision is to empower Canadians to live confidently, and our mission is to create collections of uncompromising style and quality for all. 

With close to 400 stores nationwide and collections designed right here at home, in Canada, we offer an exceptional customer experience. What drives us? A clear vision, unwavering commitment to our customers, and the passion of our thousands of employees across the country.

Job Description

Detail-driven, data-savvy, and comfortable navigating complex real estate environments? This role is for you.

As a Lease Administration Analyst, you'll act as a strategic connector across Real Estate, Finance, and Operations. You'll transform complex lease agreements into reliable, decision-ready insights, ensure the accuracy of billed charges (operating costs, taxes, and percentage rent), and orchestrate landlord follow-ups with accountability. You'll surface discrepancies, identify rent-reduction opportunities, and actively contribute to portfolio cost optimization.

You'll also play a key role in lease accounting (IFRS 16), reconciliations, and strategic reporting.

Tasks and responsability:

• Lease Interpretation & Database Management — Read and interpret leases and related documents; identify critical information and action dates, and maintain accurate lease administration records relied upon by Real Estate, Finance, and Operations.

• Rent Charge Analysis — Analyze and validate rent charges, including operating costs (CAM, HVAC, electricity) and tax invoices (realty and school tax); resolve discrepancies and negotiate billing amendments to ensure lease compliance.

• Rent Reduction Monitoring — Identify and action rent-limiting opportunities (vacancy, sales performance, rent-free periods, applicable maximums) for the authorized period.

• Landlord Invoicing & Recovery — Prepare and track landlord invoices for tenant inducements, chargebacks, and liquidated damage claims; expedite recovery of allowances per lease terms.

• Percentage Rent — Calculate percentage rent per lease terms; coordinate annual sales certification with auditors, respond to landlord inquiries, and report certified sales.

• Lease Accounting Support (IFRS 16) — Maintain IFRS 16 lease data and accruals; prepare journal entries (percentage rent, prepaid rent, reclasses), perform cross-system validations, and reconcile GL balances.

• Reporting & Analysis — Contribute to monthly/quarterly reporting and generate ad-hoc reports (database tools and/or Excel) supporting rent rolls, renewals, and termination rights.

Qualifications

• Bachelor of Commerce or equivalent, with strong accounting knowledge.
• Minimum 5 years of relevant experience.
• Retail lease administration experience and expertise with lease lifecycle software are strong assets.
• Demonstrates strong analytical thinking and sound decision-making skills.
• Communicates with clarity and confidence, both verbally and in writing.
• Bilingualism (both French and English) is required due to our Canada-wide operations.

Additional Information

What Sets Us Apart:

• Ultimate Flexibility*: Enjoy a hybrid work environment that ensures the perfect balance between work and personal life.
• Well-Being First: Access a comprehensive benefits program designed to take care of you.
• Flexible Time Off*: Paid leave, sick days, and vacation time to recharge and spend quality time with loved ones.
• Exclusive Discounts*: Enjoy 50% off regular-priced items from PENN. Penningtons, Reitmans, and RW&CO.
• Referral Rewards*: Refer your professional network and earn a bonus for helping us grow our talented team
• Growth opportunities*: Annual bonuses, career advancement, and tuition reimbursement to help you reach your professional goals.

*Certain conditions apply

Total rewards are aligned with your employment status, offering different perks depending on whether you're full-time, part-time, or under contract.

Reitmans (Canada) Limited is an equal opportunity employer committed to a diverse, inclusive, and accessible workplace where everyone belongs. If you are contacted for an employment opportunity, please advise us of any accommodation required throughout the recruitment process. All information provided will be kept confidential and used solely to support an accessible candidate's experience.

The use of Artificial Intelligence may be used for candidate screening purposes.

We thank all applicants. Only selected candidates will be contacted.

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