Select how often (in days) to receive an alert: Create Alert

- Job Category: Finance, Accounting & Purchasing
- Job Type & Duration: Full time, Temporary Vacancy (24 months)
- Hourly Rate and Wage Grade: $ 49.66 - $ 54.43 (preliminary wage grade)
- Shift Information: Monday to Friday, 35 hours per week.
- Affiliation: L79 Full-time
- Number of Positions Open: 4
- Posting Period: 27-OCT-2026 to 10-NOV-2026

The Lease Administration team is part of the Business Management (BM) unit within the Corporate Real Estate Management (CREM) division. CREM is responsible for the operational management, strategic planning, and performance of the City’s real estate portfolio. Within CREM, BM supports business performance through financial planning, budgeting, reporting, and analysis, while providing financial management and oversight, performance management, and process improvement initiatives across the division.
The Lease Administration team provides oversight, financial administration, and issue resolution for a large and diverse real estate lease portfolio, encompassing lease-in and lease-out contracts with significant annual lease contract value.
Reporting to the Senior Property Accountant, Lease Administration, the Property Accountant administers the financial requirements of the lease portfolio, including account reconciliations, annual Common Area Maintenance (CAM) reconciliations, cost recoveries, rent resets, percentage rent, overholding rent, lease interpretation, revenue and collection analysis, operating and capital cost reconciliation, lease record accuracy, and compliance with lease terms.
The Property Accountant delivers complex financial analysis and clear recommendations to support informed decision-making, effective financial management,



and operational excellence. The role collaborates with internal and external stakeholders to resolve complex financial matters, manages recovery and reconciliation processes, supports audits, special projects, and process improvement initiatives, and ensures financial controls, industry best practices, and organizational standards are consistently applied across the lease portfolio.

Major Responsibilities

- Coordinates the financial administration of a large, complex, and diverse lease portfolio of buildings and lands, including tenant billings, lease adjustments, annual reconciliations, cost recovery calculations, and compliance with lease provisions.
- Performs complex analysis of lease account activity, including charges, payments, credits, recoveries, adjustments, and outstanding balances, investigating discrepancies and maintaining supporting documentation to ensure accurate account administration.
- Interprets and analyzes lease agreements and related contractual documents, including shared facilities agreements, cost sharing agreements, reciprocal agreements, head leases, subleases, and lease amendment and extension agreements, to ensure accurate billing, cost recoveries, and compliance with contractual obligations and applicable policies.
- Analyzes operating and capital costs for leased properties,



verifying supporting documentation, determining cost classifications, assessing allocations and recoverability, and identifying required adjustments to support accurate cost recoveries, tenant reconciliations, and financial reporting.
- Coordinates the Common Area Maintenance (CAM) recovery process, including preparing annual reconciliations, tenant billings, financial adjustments and related budget projections, ensuring recoveries are accurately calculated and applied in accordance with lease agreements.
- Performs variance analysis on lease-related revenues, expenses, recoveries, and reconciliations to explain deviations from trends, budgets, forecasts, and prior-year results, validate outcomes, and resolve issues with internal and external stakeholders.
- Analyzes and applies lease provisions related to percentage rent arrangements, reviewing audited financial statements, gross sales reports, and supporting documentations to calculate percentage rent charges and ensure compliance with lease requirements.
- Researches, collects, and analyzes lease-mandated data, including Statistics Canada Consumer Price Index (CPI) information, appraisal reports, and other supporting documentation, to support rent adjustments, rent resets, and compliance with lease provisions.
- Performs a variety of lease-related reconciliations, including lease termination, shared facilities, and other contractual cost reconciliations, ensuring accuracy and compliance with lease provisions.
- Analyzes tenant capital contribution requirements to ensure compliance with lease provisions and accurate treatment in reconciliation and cost recoveries.
- Applies HST and other applicabl

📌 PROPERTY ACCOUNTANT (Toronto)
🏢 City of Toronto
📍 Toronto