At Taylor+ we believe that adding value for our customers in Commercial Office, Retail or Industrial assets is fundamental to our approach. Our Taylor+ approach will seek innovative ways to support the success of our customers and will find opportunities for customer and customer employee engagement. We realize that to be truly different as a Company, the Taylor+ approach must be innovatively built for our customers and teammates to establish the value of the Taylor+ environments.Senior Property Recoveries LeadThis role requires a highly motivated individual with seasoned experience to own lease administration and tenant recoveries for our retail commercial real estate portfolio, including flagship/boutique retail assets. This is a senior individual-contributor role for someone who can independently manage complex lease interpretation, recovery modeling, pre-bill estimates, and year-end (YE) billing and reconciliation with minimal oversight — and who can serve as the go-to expert for lease and recovery questions across the team.Taylor+ is an organization that puts customers and clients first. We believe in success by anticipating needs, being honest and considerate. All Taylor Co. team members go above and beyond in this pursuit.You will be responsible for:Lease Administration & Abstraction- Review, abstract, and maintain lease data for a portfolio of retail tenants, capturing all financial and recovery-relevant terms: base rent, percentage rent, CAM/tax/insurance recovery methodology, caps/floors, gross-up provisions, base year/base stop, exclusions, admin fees, specialty leasing, and merchants' association charges.- Interpret complex and non-standard lease language (common in boutique/luxury retail leases) and translate it accurately into billing systems and recovery models.- Act as the primary point of reference for lease interpretation questions from property accounting, property management, and asset management.- Maintain an accurate,



audit-ready lease abstract database and ensure system data stays reconciled to the executed lease and amendments.Recovery Modeling & Pre-Bill Estimates- Build, maintain, and continuously refine recovery models calculating tenant pro-rata shares of CAM, real estate tax, insurance, and other recoverable operating expenses.- Prepare and issue monthly/quarterly pre-bill estimates, incorporating budget updates, lease amendments, renewals, terminations, and GLA/occupancy changes in real time.- Proactively identify and resolve discrepancies between lease terms, budget assumptions, and billing outputs before they become tenant-facing issues.Year-End Reconciliation & Billing- Lead year-end (YE) reconciliations, comparing actual recoverable expenses to pre-billed estimates and calculating true-up amounts owed to or due from tenants.- Prepare polished, audit-ready reconciliation packages, including variance analysis and supporting lease documentation.- Manage the full YE billing cycle — issuance, tenant communication, and resolution of disputes — in accordance with lease-specific deadlines.- Lead or support tenant CAM/tax/insurance audits, including responding to third-party auditors and outside counsel where needed.Leadership & Process Improvement- Mentor and review the work of junior recoveries/lease administration staff, where applicable.- Identify systemic issues in lease data, billing methodology, or process, and drive improvements to reduce recovery leakage and billing errors across the portfolio.- Partner with leasing, asset management, and property accounting teams on new deals and renewals to ensure recovery language is transparent, billable,



and consistent with portfolio standards.- Support budget preparation and reforecasting with accurate recovery projections.Systems & Tools- Maintain lease and recovery data in property management/accounting platforms (e.G., MRI, Yardi, or similar) and ensure integrity between the lease administration system, general ledger, and recovery billing outputs.- Build and maintain advanced Excel-based recovery models as needed to supplement system limitations.Qualifications- Bachelor's degree in Accounting, Finance, Real Estate, Business, or related field required.- 7–10+ years of progressive experience in commercial real estate lease administration, recoveries, or property accounting, with significant experience in retail — boutique, luxury, or flagship retail asset experience strongly preferred.- Deep, hands‐on knowledge of lease recovery mechanics: pro‐ra share calculations, gross‐up clauses, caps/floors, base year vs. base stop, exclusions, percentage rent, and admin/management fees.- Demonstrated ability to independently read and interpret complex lease language, including non‐standard or heavily negotiated provisions typical of high‐end retail tenants.- Advanced Excel skills (complex formulas, pivot tables; VBA or modeling experience a plus).- Strong working knowledge of property management/accounting platforms (MRI, Yardi, or similar).- Professional designation or coursework such as CPA, RPA (Real Property Administrator), or CCIM is an asset, though not required.- Proven track record managing tenant relationships and disputes professionally, including experience supporting or leading CAM/tax audits.- Experience mentoring or reviewing the work of junior analysts is a plus.- Excellent written and verbal communication skills, with the judgment to handle sensitive or high‐profile tenant relationships appropriately.- Highly organized, able to manage multiple properties/tenants and competing deadlines, particularly during pre‐bill and year‐end cycles. #J-18808-Ljbffr

📌 Senior Property Recoveries Lead (Toronto)
🏢 Taylor Co.
📍 Toronto