Lease Accounting Manager - Commercial Property

Lease Accounting Manager - Commercial Property

Location: 4 days onsite in client’s downtown office, Toronto, ON Duration: 18-month contract Compensation: $110,000 – $140,000 annually

Our client, a large and highly respected organization in the real estate sector, is seeking a Manager, Lease Accounting to join their Finance Operations team on an 18-month contract basis. This leadership role will oversee lease accounting, recovery analysis, financial reporting, and a team of accounting professionals supporting a diverse commercial real estate portfolio.

This position offers an opportunity to partner closely with operational and business stakeholders while driving financial accuracy, process improvement, and strategic decision-making.

Key Responsibilities

• Lease Accounting & Business Partnership

• Provide oversight of lease interpretation and abstraction activities to ensure accurate application of lease terms.

• Support lease setup and maintenance within accounting systems, ensuring consistency between legal documentation and financial records.

• Serve as a key resource to internal stakeholders on lease-related accounting matters.

• Provide financial analysis and support related to lease renewals, amendments, and other commercial agreements.

• Assist in resolving complex tenant billing inquiries and accounting issues.

• Ensure data integrity, compliance, and audit readiness across the portfolio.

• Recovery Accounting & Financial Analysis

• Oversee recovery accounting processes, including common area maintenance (CAM), property taxes, utilities, and other recoverable expenses.

• Review and approve reconciliations, accruals, and recovery calculations.

• Support budgeting and forecasting initiatives.

• Analyze revenue variances, recovery trends, and key financial drivers.

• Identify opportunities to improve recoverability, financial performance, and operational efficiencies.

• Support due diligence activities related to acquisitions, dispositions, and portfolio changes.

• Reporting & Process Improvement

• Ensure timely and accurate financial reporting and month-end deliverables.

• Maintain strong internal controls and support risk mitigation initiatives.

• Lead process improvement, automation, and system enhancement projects.

• Drive consistency and standardization across reporting, accounting processes, and portfolio management activities.

• Leadership

• Lead, mentor, and develop a team of accounting and finance professionals.

• Manage workload allocation, priorities, and deliverables.

• Review team output to ensure accuracy, quality, and insightful analysis.

• Foster a collaborative and high-performance team environment.