Manager, Real Estate Finance

Manager, Real Estate Finance

Loblaw Companies Limited | Brampton, ON, L6Y, CA

Posted 2 days ago

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1 Presidents Choice Circle, Brampton, Ontario, L6Y 5S5
At Loblaw, we help millions of Canadians get through their best days, worst days, celebration days, and every day. Through our innovation and quality products, we’re here for our friends, neighbours, family members and colleagues.
We succeed through collaboration and commitment and set a high bar for ourselves and those around us.
We’re looking for adaptable people who are thrilled to join us in our goal of helping Canadians Live Life Well®. Whether you are just starting your career, re-entering the workforce, or looking for a new job, this is where you belong. We promote leaders at every level and support our people to follow their passion.
Job Title: Manager, Real Estate Finance - Technical Accounting & Analysis
Reports to: Senior Manager, Real Estate Finance - Technical Accounting & Analysis
Loblaw Real Estate Finance proudly supports the Real Estate Operations group at one of Canada’s largest retailers. Reporting into the Sr. Manager, the Manager will support the administration of the lease accounting process at Loblaw, liaise with business partners to ensure completeness and accuracy of lease reporting, ensure the accuracy of periodic journal entries, manage the forecast/budgeting process, and assist with project related work.
Key Responsibilities and Job Duties:
Support the Sr. Financial Analyst with their periodic reporting responsibilities to ensure accuracy. This will include detailed reviews of:
Periodic and quarterly journal entries, including standard leasing entries, sublease accounting, various elimination entries, and failed sale accounting;
Weekly lease changes report which aggregates and justifies lease changes identified through our lease management system; and
Periodic balance sheet analysis, including an enterprise view roll of the ROU and Lease Liability.
Facilitate the quarterly completeness procedures by reviewing various documents submitted by Lease Administration, Legal and Operations.
Perform the quarterly lease term assessment, wherein lease terms are reviewed and modified based on input from operations.
Prepare annual note disclosures included in the external financial statements.
Prepare the periodic forecast, annual budget and 3-year plan.
Periodically assess performance against forecast and budget and draw conclusions on drivers of variability.
Facilitate quarterly and annual audit work by preparing PBC submissions and responding to audit queries.
Continually look for process improvements to promote control and automation.
Participate in special projects as assigned.
Qualifications and Competencies:
Post-Secondary degree in finance or related field.
3-5 years relevant work experience.
Chartered Professional Accountant (CPA) designation.
Strong knowledge of IFRS 16 is an asset.
Results oriented – consistently delivers on time at a high quality.
Team player with excellent planning and prioritization skills.
Strong problem solving, analytical skills, and attention to detail; can see the “big picture” in a complex environment, and possess the tenacity to find solutions.
Excellent communication and presentation skills, with ability to communicate complex issues clearly and effectively.
Advanced working knowledge of Microsoft Office suite (e.g. Excel, PowerPoint, Word, etc.).
Loblaw is committed to sustainability by sourcing products with integrity and making a positive difference in the community. Our CORE Values – Care, Ownership, Respect and Excellence – guide all our decision-making and come to life through our Blue Culture. We offer our colleagues progressive careers, comprehensive training, flexibility, and other competitive benefits – these are some of the many reasons why we are one of Canada’s Top Employers, Canada’s Best Diversity Employers, Canada’s Greenest Employers & Canada’s Top Employers for Young People.
Employment Type:
Full time
Type of Role:
We have a long-standing focus on diversity, equity and inclusion because we know it will make our company a better place to work and shop. We are committed to creating accessible environments for our colleagues, candidates and customers. Requests for accommodation due to a disability (which may be visible or invisible, temporary or permanent) can be made at any stage of application and employment. We encourage candidates to make their accommodation needs known so that we can provide equitable opportunities.
Please Note:
Candidates who are 18 years or older are required to complete a criminal background check. Details will be provided through the application process.