Head of Portfolio Management

Head of Portfolio Management role at Recipe Unlimited Corporation

Recipe Unlimited Corporation is Canada’s leading full service restaurant company. Home to iconic brands such as Swiss Chalet, Harvey’s, St.Hubert, Montana’s, Olive Garden Canada, Bier Markt, East Side Mario’s, The Landing Restaurant Group, New York Fries, The Pickle Barrel & Catering, State & Main, Elephant and Castle, Original Joe’s, Fresh Kitchen + Juice Bar, The Burger’s Priest, Blanco Cantina and Anejo.

The Home Office Teammates work on a variety of popular, well‑loved brands. We celebrate diversity, encourage ownership and believe in doing the right thing for people, communities and the planet.

Reporting to the VP of Real Estate, the Head of Portfolio Management oversees portfolio management activities for all RECIPE brands, including lease renewals, management of redundant leased locations, disposition of RECIPE‑owned real estate, and development of site‑specific portfolio management plans.

What You Will Do Renovations Compliance and Extension of Leases for Renovations 15%

• Monitor lease expiries, franchise agreement expiries, conversions and renovation obligations to ensure all brand activities are coordinated in compliance with leases.
• Develop and coordinate ongoing use of appropriate tracking and reporting tools.
• Attend pipeline meetings, brand update meetings and monthly portfolio meetings to report on activities and facilitate decision‑making for compliance.

Lease Renewals 30%

• For brand(s) assigned to Head of Portfolio Management:
  • Track upcoming lease expiry and notice dates (at least 4 years out).
  • Solicit input from Real Estate NRO Team, Franchising and the Brand(s) planning to renew/relocate/close.
  • Negotiate business terms of lease renewals.
  • Keep franchisees informed and involved throughout the renewal process.
• For brand(s) assigned to Portfolio Manager:
  • Supervise and provide assistance/guidance to the Portfolio Manager.
  • Monitor progress on a regular basis.
• Prepare and present lease renewal reports for REC approval.

Management of Redundant Leased Locations 10%

• For brand(s) assigned to Head of Portfolio Management:
  • Assist Brand in assessing closure.
  • Manage landlord communication.
  • Manage the process of negotiating buy‑out with landlord or sourcing and negotiating deal with subtenant.
• For brand(s) assigned to Portfolio Manager:
  • Supervise and provide assistance/guidance to the Portfolio Manager.
  • Monitor progress on a regular basis.

Disposition of Recipe‑Owned Real Estate 10%

• Assist the Vice President, Real Estate Portfolio Management in the development of disposition plans.
• Implement disposition plans by:
  • Sourcing purchasers from the real estate investment community.
  • Negotiating purchase and sale agreements, lease‑backs, and related documents.
  • Managing the transaction closing process.

Property Management & License Renewals 10%

• Manage the Portfolio Management Coordinator for property management issues such as landlord/tenant disputes, landlord non‑compliance, and assist franchisees in issue resolution.
• Manage the Portfolio Management Analyst who processes all license applications and renewals for all restaurants and provide all sales reporting required under leases for non‑percentage rent payments.

Portfolio Management Database 10%

• Lead the development and ongoing evolution of the Portfolio Management Database to address evolving needs.
• Implement appropriate controls to ensure database integrity.

Special Projects 5%

• Assist the Vice President, Real Estate with special projects as needed.

Administration 10%

• Develop standards, processes and controls for the work of a team of 3 associates.
• Provide coaching and guidance with problem‑solving.
• Conduct performance appraisals.

What We Are Looking For From You

• 8 years experience in the industry with some management or project management experience.
• Bachelor’s Degree.
• Experience leading direct reports for improved performance.
• Excellent leadership skills.
• Solid understanding of the Canadian commercial real estate market.
• Strong relationships with landlords.
• Excellent negotiation skills.
• Solid understanding of lease language and its impact on business terms.
• Excellent time management skills and ability to deal with multiple…