Real Estate Analyst, Canada

About Velocity Truck Centres (VTC)

Velocity Truck Centres (VTC) is a leading provider of commercial truck sales, service, parts, and leasing solutions across North America. We are committed to operational excellence, customer success, and continuous growth. As we expand our real estate portfolio, we are seeking a detail-oriented and analytical Real Estate Analyst to support the financial management, lease administration, and reporting activities across our property portfolio.

Position Summary:

The Real Estate Analyst is responsible for the financial management, lease accounting, and reporting of VTC's real estate portfolio. This role supports lease administration, property tax management, financial reporting, budgeting, compliance, and capital project tracking. The successful candidate will combine strong accounting fundamentals with real estate expertise to ensure accurate reporting, regulatory compliance, and effective portfolio management.

This position works closely with Finance, Accounts Payable, Operations, Legal, and external stakeholders to support strategic real estate initiatives and provide insight into portfolio performance.

Key Responsibilities:

Lease Administration & Accounting

• Manage the Trullion lease accounting platform, including lease setup, renewals, amendments, escalations, terminations, and reporting.
• Maintain lease records and ensure compliance with lease accounting standards, including ASC 842 requirements.
• Administer lease-related accounting, including lease classifications, rent schedules, remeasurements, and operating cost recoveries.
• Create and maintain rent escalation schedules and calculate CPI-based rent increases.
• Communicate lease payment changes to the Accounts Payable team in a timely manner.
• Monitor critical lease dates, renewal options, and contractual obligations.

Financial Reporting & Analysis

• Manage financial activities for property-related entities, including:
• General ledger maintenance
• Journal entries and accruals
• Account reconciliations
• Financial statement preparation
• Variance analysis
• Prepare monthly, quarterly, and annual financial reporting packages.
• Perform balance sheet reconciliations and resolve discrepancies promptly.
• Support monthly and year-end close processes, ensuring timely and accurate reporting.
• Analyze portfolio performance and provide insights on occupancy costs, rent trends, and operating expenses.

Property Tax & Compliance

• Manage real and personal property tax compliance activities.
• Coordinate tax filings, payment schedules, assessments, and valuation appeals.
• Ensure compliance with accounting policies, contractual obligations, lender requirements, and corporate governance standards.
• Maintain documentation supporting audits, tax reviews, and regulatory compliance requirements.

Capital Projects & Asset Management

• Track capital expenditures and construction-in-progress (CIP) projects.
• Support project capitalization and asset conversion activities.
• Prepare segmented reporting for capital projects and fixed asset tracking.
• Monitor project budgets and spending against approved forecasts.

Budgeting & Strategic Support

• Assist with annual budgeting, forecasting, and reforecasting processes.
• Provide financial modeling and analytical support for:
• Acquisitions
• Dispositions
• Lease negotiations
• Development projects
• Refinancing initiatives
• Support portfolio optimization and cost-saving opportunities through data-driven analysis.

Audit & Process Improvement

• Prepare supporting schedules and documentation for internal and external audits.
• Collaborate with tax advisors, external auditors, lenders, and consultants.
• Serve as a subject matter expert for real estate accounting matters.
• Identify opportunities to improve reporting accuracy, strengthen internal controls, and enhance system efficiencies.
• Support implementation of process improvements and technology enhancements across the real estate function.

Qualifications:

Required

• Bachelor’s degree in accounting, Finance, Business Administration, Real Estate, or a related field.
• Minimum 2+ years of accounting, financial analysis, or real estate accounting experience.
• Strong understanding of:
• General ledger accounting
• Financial statement preparation
• Account reconciliations
• Accrual accounting
• Financial reporting principles
• Working knowledge of GAAP and internal control processes.
• Experience with lease accounting and lease management practices.
• Advanced Microsoft Excel skills, including financial modeling and data analysis.
• Experience working with ERP or accounting systems.
• Strong analytical and problem-solving abilities.
• Excellent attention to detail and organizational skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Strong written and verbal communication skills.

Preferred

• Experience with Trullion lease accounting software or similar lease management platforms.
• Knowledge of ASC 842 lease accounting standards.
• Experience with commercial real estate portfolios.
• Exposure to property tax administration, CAM reconciliations, lender reporting, and ownership structures.
• Progress toward or completion of a professional accounting designation (CPA) is considered an asset.
• Experience supporting audits, tax reporting, and capital project accounting.

Core Competencies

• Financial Analysis & Reporting
• Real Estate Accounting
• Lease Administration
• Budgeting & Forecasting
• Account Reconciliations
• Strategic Thinking
• Process Improvement
• Project Management
• Stakeholder Collaboration
• Time Management & Prioritization
• Attention to Detail
• Professional Integrity & Confidentiality

Why Join Velocity Truck Centres?

• Competitive compensation package
• Comprehensive health and wellness benefits
• Career growth and development opportunities
• Collaborative and supportive team environment
• Opportunity to contribute to a growing North American organization
• Exposure to strategic real estate and business initiatives

Who We Are:

Velocity Truck Centres Canada provides full-service support, including sales, maintenance, parts, collision repair, and financing. Representing top brands like Freightliner, Western Star, Thomas Built, Autocar, and Trailers, we are committed to Speed, Value, and Trust for our customers and employees. With 17 branches across Alberta and British Columbia and over 100 locations worldwide in Canada, the USA, Mexico, and Australia, we offer exciting career growth opportunities and are looking for dedicated professionals to join our team.

Velocity Truck Centres Canada is an equal opportunity employer.