Lease Accounting Clerk

Date Posted March 26, 2021
  • Department Accounting
  • Location Toronto Ontario
  • Job ID 92260

YM Inc. was founded on the strength of a single retail store in the heart of downtown Toronto in 1975, under the name Stitches. Today we are one of North America’s leading apparel retailers operating over 700 stores across Canada and the United States under the following banners: Stitches, Urban Planet, Urban Behavior, Sirens, Urban Kids, Suzy Shier, Bluenotes, West 49, Mandee and Charlotte Russe.

Our goal is to sustain performance that exceeds expectations. We are committed to creating a culture where people feel valued and inspired to achieve results. We give our people the appropriate tools, freedom and authority to make decisions. They are accountable for their actions and we recognize their efforts and reward their results. We attract and nurture the best people by providing leadership opportunities, career development and continuous learning. We are committed to leading by example and with integrity. We treat people with respect and dignity, promote the benefits of diversity and address challenges in a direct and compassionate manner. We engage people in our goals and objectives; we listen and act on new ideas where possible. That is our Philosophy.

Position Overview:

The Lease Accounting Clerk is responsible for performing financial and administrative functions that ensure accurate reporting of occupancy and other related costs for Canadian retail stores. This role will be part of the Lease Management team, which manages leases for over 700 stores in Canada and the USA. The position reports to the Leasing Supervisor and is responsible for processing rent payments and reconciling rent accounts with landlords. The role ensures that rent payment is accurate and rent account is up to date.

Responsibilities:

  • Maintain an accurate monthly rent roll by reviewing and processing all payment and vendor changes in a timely manner
  • Reconcile data from the accounting system with the rent roll worksheet
  • Update the legal and operational terms and provisions of the rent payment according to landlord’s rental notice
  • Calculate percentage rents payable & CAP stores refund due
  • Track and follow up on year-end adjustments for the stores
  • Update accounting system for adjustments and CAP invoices
  • Receive and verify statement of account from landlord to reconcile the account
  • Communicate with landlord for all rent issues
  • Prepare other rent-related reports per requirements

Qualifications

  • Post-secondary education in a related field
  • 1 to 2 years of experience in an Accounting or Leasing position
  • Proficient in MS Office with intermediate or higher skill level in Excel
  • Experience using lease administration database software
  • Ability to maintain a high level of accuracy in preparing and entering financial information
  • Ability to communicate with landlords effectively
  • Good analytical and problem-solving skills.
  • Lawson ERP knowledge is an asset

As a result of Covid-19, most of our employees presently work remotely. When required to attend the office, strict safety protocols are in place. We are currently utilizing a virtual hiring process and interview candidates by phone or Zoom/Teams.

YM Inc. is an equal opportunity employer. If chosen to participate in the selection process, accommodations are available upon request. We will consult with the applicant to provide or arrange suitable accommodation in a manner that takes into account the applicant’s accessibility needs.

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