Real Estate Finance Analyst - Lease & Reporting

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…