Analyst, Real Estate

Recipe Unlimited Corporation is Canada’s leading full service restaurant company. Home to such iconic brands as Swiss Chalet, Harvey’s, St.Hubert, The Keg, Montana’s, Kelseys, Pubs, Bier Markt, East Side Mario’s, Landing Group, New York Fries, the Burger’s Priest, The Pickle Barrel & Catering, State and Main, Elephant and Castle and Original Joe’s. With this diverse portfolio of restaurants our Home Office Teammates have the opportunity to work on a wide variety of some of the most popular, well-loved brands in Canada. Variety isn’t the only thing we offer – we are passionate about our industry, we celebrate and support diversity of thought, we are innately curious and encourage our Teammates to take ownership. Above all else, we believe in doing the right thing for our people, our communities and our planet.

The Real Estate Analyst will approve and challenge all operating expenses to ensure that terms of the lease agree are met.

Key Duties and Responsibilities:

CAM and Taxes:

• Audit of CAM and Tax reconciliations for all locations under the Recipe Portfolio
• Review, identify, pursue Landlords in irregularities in the billing process; reconciling complex Statements of Accounts provided by the Landlord for the Rental properties
• Develop and Maintain goal post matrices for Additional Rent structuring around Recipe’s acceptable GROC %
• Review Leases for all locations to ensure compliance with the Leases in the calculations of CAM costs, Property maintenance issues, Roof & building repair and Franchisee/Landlord responsibilities in the operations of the building/plaza
• Developing a thorough and nimble process of recovering overbillings by the Landlord and ensuring compliance with Lease, while leveraging timely payments of billings and Rental Structures
• Liaise with Legal Real Estate in developing and establishing a disciplined Lease Structure for Landlord responsibilities in the billings of Property Taxes, Common Area Maintenance and Building R&M

Real Estate Finance

• Prepare annual budgets for Additional Rents for all Recipe sites
• Minimum Rent Discrepancies and settlements
• Ensure proper budgeting for changes to Property Assessments and predicting Supplementary Taxes at existing locations, new builds.
• Validate and Balance Landlord Statement of Accounts and ensure correct allocations to the amounts paid to the Landlords.

Managing Third Party Consultants

• Negotiate contracts with third party Lease consultants and Property Tax consultants with the intention to maximize benefit and favourable rates to Recipe and Franchise while receiving first in class nationwide consulting on Property Tax
• Liaise with the third party consultants on questions surrounding the portfolio and act as first point of contact

Special Projects:

• Rent Exposure Reporting
• Annual Budgets for Additional Rent (Corp and Franchised
• Buyout planning
• Target benchmarks
• Minimum Rent Forecasts
• Contingency Reports
• Real Estate Feasibility reports
• Historical Rent Analysis
• Accelerated Growth Modelling
• Real Estate Portfolio Performance Analysis YOY
• GROC Reporting
• ‘Cheat-sheet’ for Brands
• Quarter End Exposure/Cascading Reports
• Current Portfolio Analysis by Landlord
• Realty Tax Predictions

Education/Professional Credentials: College/University

Experience/Skills/Technical Knowledge:

• Communication - Ability to provide both clear written skills as well as verbally communicate clearly and confidently in a timely manner to senior management, property owners and franchisees.
• Problem Solving - Seek appropriate support to trouble shoot complicated issues in a timely manner, multi task, detail oriented, project management
• Bring possible solutions - Interpret information thoroughly and effectively.
• Initiative - Proactive with day-to-day work, anticipate issues and monitor deadlines, act in a self-directed manner, motivated and team player
• Accountability - Take responsibility and ownership of all deadlines and critical renewal notice dates.

What’s in it for you?

• Flexible/Hybrid work environment
• You’d be joining a close-knit, innovative team of creative and energetic go-getters
• You’d be a part of Canada’s largest full-service restaurant company that leads the industry in size and innovation
• 20% associate discount dining card and monthly dining allowance valid at participating Recipe brands
• A welcoming, fun and safe work environment founded on respect
• Career advancement opportunities with a company that owns some of Canada’s most iconic restaurant brands
• Industry-leading benefits, wellness programs, and total rewards programs

Recipe is committed to providing a diverse, equitable and inclusive workplace. Celebrating people, being passionate and curious, owning it, and doing the right thing are the values that guide how we build our teams, support our franchisees and create a company that unlocks the full potential of everyone.

Recipe is dedicated to providing accommodations in accordance with applicable human rights and accommodation legislation. For individuals that require accommodations please contact recruit@recipeunlimited.com.