Westcliff is a privately owned real estate development company that unlocks the full potential of every property. For over 50 years, Westcliff has been actively involved in the development of prestigious properties in Canada and the United States. In addition to acting as developers, we also manage the construction and operation of commercial, industrial, and residential real estate projects.
Over the years, teamwork, integrity, and creativity have contributed to the company’s outstanding performance.
Recognized for its commitment to building long-lasting relationships with its partners and clients, Westcliff relies on the excellence, efficiency, engagement, and professionalism of its team members.
The Opportunity
Reporting to the Director of Operational Accounting, the Property Accountant - CAM specialist will serve as the Proportionate Share Subject Matter Expert. The selected individual will play a key role in maintaining the financial and operational integrity of a retail real estate portfolio. They will be responsible for the accurate calculation, allocation, and invoicing of tenants’ proportionate share of recoverable expenses such as Common Area Maintenance (CAM), taxes, insurance, and other operating costs. This position requires a solid understanding of lease clauses, financial analysis, and real estate operations.
Key Responsibilities
Lease Analysis:
Collaboration:
Qualifications
Over the years, teamwork, integrity, and creativity have contributed to the company’s outstanding performance.
Recognized for its commitment to building long-lasting relationships with its partners and clients, Westcliff relies on the excellence, efficiency, engagement, and professionalism of its team members.
The Opportunity
Reporting to the Director of Operational Accounting, the Property Accountant - CAM specialist will serve as the Proportionate Share Subject Matter Expert. The selected individual will play a key role in maintaining the financial and operational integrity of a retail real estate portfolio. They will be responsible for the accurate calculation, allocation, and invoicing of tenants’ proportionate share of recoverable expenses such as Common Area Maintenance (CAM), taxes, insurance, and other operating costs. This position requires a solid understanding of lease clauses, financial analysis, and real estate operations.
Key Responsibilities
Lease Analysis:
- Read and interpret lease agreements to identify tenant-specific obligations related to recoverable expenses.
- Update lease abstracts with relevant clauses pertaining to charges and proportionate share.
- Calculate tenants’ proportionate share of recoverable expenses in accordance with lease terms.
- Collaborate with property management and accounting teams to prepare annual budgets and expense reconciliations.
- Respond to external audits related to reconciliations and proportionate share calculations.
- Ensure compliance with lease terms and internal policies.
- Produce and maintain detailed documentation to support proportionate share calculations.
- Assist in the preparation of tenant billing and internal financial reports.
Collaboration:
- Work closely with leasing, legal, accounting, and property management teams.
- Support the lease administration team with ad hoc analysis and data validation.
Qualifications
- University degree in Accounting, Finance or a related field.
- Minimum of 5 years' experience in lease administration, real estate accounting, or real estate finance, ideally in the retail sector.
- Strong knowledge of CAM reconciliations, recoverable charges, and lease terminology.
- Proficiency in real estate management software (e.g., Yardi, MRI, JD Edwards).
- Advanced Excel skills and strong attention to detail.
- Strong analytical and problem-solving skills.
- Excellent verbal and written communication skills in both French and English.