Simran Riar
Mississauga,ON
Summary
Senior management professional, bringing strategic leadership and operational excellence to drive organizational success. Skilled in project management, team collaboration, and process optimization with keen focus on achieving results. Adept at navigating complex challenges, fostering culture of accountability, and adapting to evolving business needs. Known for strong decision-making, effective communication, and building high-performing teams.
Overview
27
27
years of professional experience
Work History
Sr. Manager – Portfolio Management - Real Estate - Property Development
TJX Canada (Winners / Marshalls / HomeSense)
01.2021 - Current
- Strategic Leadership: Lead a team of 6 associates, fostering a collaborative and productive work environment. Supervise and audit adjustments within Lucernix, ensuring all entries are accurate. Direct the lease renewal process for all 580+ & growing locations across Canada. Manage annual budget for department including team building, corporate travel program, conferences, Legal & other budgets. Partner cross-functionally with Legal, Finance, IT, and Executive leadership to align workplace investments with company growth
- Stakeholder Relations: Serve as the primary contact for developing and maintaining ongoing relationships with internal & external stakeholders. Operational liaison with real estate brokers, Senior Leadership & Landlords. Facilitate real estate transactions including lease renewals, expansions, and closure of stores.
- Portfolio Management: Point person for all disaster occurrences across the portfolio. Oversee and manage a portfolio of 580+ locations, with a consistent annual growth rate of 3%. Assist various internal stakeholders in interpreting leasing language and terms. Lead emergency preparedness and business continuity planning in partnership with Loss Prevention, Legal & Insurance.
- Accounting Liaison: Address and resolve all accounting inquiries related to lease-specific concerns. Oversee and approve the setup of Basic Rent and Additional Rents in Lucernix according to lease agreements.
- Database Maintenance: Signatory of the maintenance of the lease database (Lucernix) to accurately reflect all documents, financial terms, and clause abstractions.
- Reporting: Responsible for all internal reporting that facilitates the current standing of the portfolio along with numerous business critical reports.
- Led cross-functional teams to enhance operational efficiency and streamline processes.
- Implemented training programs for staff, fostering skill development and improving team performance.
- Collaborated with senior leadership to align departmental goals with overall business objectives, ensuring cohesive strategy execution.
Supervisor - Real Estate – Portfolio Management
TJX Canada (Winners / Marshalls / HomeSense)
08.2018 - 01.2021
- Lead a team of 3 individuals (2 lease administrators and 1 lease co-originator)
- Review lease renewal proposals and review negotiated business terms with regional directors & VP - Real Estate
- Create and manage the reporting requirements for entire portfolio (Renewal Report, Lease Status Report, New Location Report)
- Key person in developing and maintaining relationships with external stakeholders (Landlords, property managers etc.)
- Manage & maintain a portfolio of 535 locations and growing by 5% year over year
- Manage Lease renewals process for all 535 locations across Canada.
- Manage annual budget for department including team building, conferences, Legal & other budgets.
- Trained and mentored team members to enhance productivity and improve service quality.
- Supervised daily operations to ensure compliance with safety standards and company policies.
Sr. Lease Analyst
H&R REIT
08.2016 - 06.2018
- Review and process tenant billing and adjustment requests, cash receipt batches and rent roll reconciliations
- Reviewing, analyzing and processing property budgets. Creating, verifying rules for budgets and forecasts.
- Maintaining and updating recoverable operating costs and tenant-by-tenant recovery schedules (ROE).
- Leading the lease accounting team for Pre-Billing and year-end adjustments projects
- Assist in the reporting of lease activity quarterly. Maintain suite integrity of all projects
- Preparing year-end adjustments and future year billings for tenants
- Analyzed lease agreements to ensure compliance with regulatory standards and company policies.
- Collaborated with cross-functional teams to streamline lease administration processes and improve efficiency.
Sr. Lease Accountant
Allied Properties REIT
05.2012 - 07.2016
- Review Lease documents as advised of Offers, Leases and Amendments.
- Maintain the lease database in MRI to reflect financial terms, abstraction of clauses and covenants.
- Conducting random Lease Audits for accuracy and completeness of all billings and square foot allocations.
- Leading the lease accounting team for Pre-Billing and year-end adjustments projects
- Preparing year-end adjustments and future year billings for tenants, Lead and train team for lease setups and abstraction.
- Delegate and review lease abstracts. Train and assist new personnel with lease abstraction and Recovery methodology
Lease Accountant
GE Real Estate Equity
03.2007 - 05.2012
- Reviewing tenant leases, recurring billings, bad debt allowances, write offs and report codes entered by property administrators
- Leading the lease accounting team for Pre-Billing and year-end adjustments task
- Review and process tenant billing and adjustment requests, cash receipt batches and rent roll reconciliations
- Reviewing, analyzing and processing property budgets. Creating, verifying rules for budgets and forecasts.
- Maintaining and updating recoverable operating costs and tenant-by-tenant recovery schedules (ROE).
- Generating and posting Straight Line Rent, area changes requests & Building set-ups, on a timely basis.
- Reviewing manual tenant billings, Security deposits. Preparing year-end adjustments and future year billings for tenants
- Full Time
Lease Auditor
PRG – Schultz Canada Corp.
11.2004 - 03.2007
- Analyze preliminary audit review of property charges for compliance with lease agreements.
- Conduct on-site landlord audits to review account distributions, examine invoices and classify expenses to comply with lease agreements and GAAP.
- Preparing summary report with recommendations to client management, presented findings to client management
- Negotiate the client's position with landlords and/or property managers, provide recommendations to client management to improve current processes, Special projects as assigned by management, assisted in managing and training audit support staff
Portfolio Manager / Accountant
Fundy Capital Management Inc.
10.2002 - 11.2004
- Overlook and supervise day-to-day operations of all properties within the portfolio
- Prepared financial statements (I&E statement, Balance Sheet) for year-end purposes
- Income – expense reports prepared monthly, along with vacancy reconciliation spread sheet.
- Preparing and implementing budgets for renovations and maintenance of the portfolio
- Approving lease applications for new tenants, based on their credit history, income to rent ratio, employer feedback, previous landlord feedback and previous rental history (commercial & residential)
- Full Time
Property Accountant
Bentall Real Estate Services
09.2001 - 10.2002
- Reconciling the G/L against the bank and checking for errors on either side, NSF's, frauds, cancelled items, deposits going to the wrong bank account and pre-authorized payments. (Bank reconciliation's – sixty bank accounts)
- Daily monitoring of bank accounts (CIBC, BMO, RBC, and BMO - Direct Line) for frauds, returned items, pre- authorized payments, NSF's and cancelled items.
- Reconciling the G/L to the bank for Pen vest funds and checking for o/s deposits, o/s cheques, cancelled cheques
- Preparing Year-end billing for all tenants – retail, industrial and office. Billing them for their share of operating expenses and property taxes. Common area maintenance (CAM) cost adjustments
- Full Time
Tax Assistant
Sun Life of Canada
01.2000 - 09.2000
- Preparing and reconciling the fund activity summary report and checking for consistency from previous day.
- Reconciliation of the T3 slips against the SUNNET system (Internal system)
- Preparing the unbundled trigger report and reconciling it against the SUNNET system (Internal System)
- Preparing and reconciling the unbundled funds report, Bank reconciliation performed on a weekly basis
Investment Assistant
Sun Life of Canada
02.1999 - 09.1999
- Timely Preparation and distribution of the weekly funds, Bank reconciliation performed on a weekly basis
- Posting daily security lending in the SUNNET system and checking them against the bank reports
- Preparing the collateral report for the month and reconciling it against the SUNNET system (Internal System)
Education
BBA - Accounting
Ryerson University
Toronto03-2004
Business Administration - Accounting
Georgian College
Barrie, Ontario08.2002
Skills
- Lease and portfolio oversight
- Landlord-tenant relationship facilitation
- Effective planning and budgeting expertise
- Effective communication and analysis skills
- Adaptable to new environments
- Experienced in simultaneous task execution
- Proficient in Lucernix, Yardi, MRI, JD Edwards, Excel, and MS Office
Accomplishments
- Successfully completed and implement a company wide Disaster Protocol
- Motivate and Supervise team of 6 staff members.
Languages
English
Full Professional
Punjabi
Full Professional
Hindi
Professional Working
Timeline
Sr. Manager – Portfolio Management - Real Estate - Property Development
TJX Canada (Winners / Marshalls / HomeSense)
01.2021 - Current
Supervisor - Real Estate – Portfolio Management
TJX Canada (Winners / Marshalls / HomeSense)
08.2018 - 01.2021
Sr. Lease Analyst
H&R REIT
08.2016 - 06.2018
Sr. Lease Accountant
Allied Properties REIT
05.2012 - 07.2016
Lease Accountant
GE Real Estate Equity
03.2007 - 05.2012
Lease Auditor
PRG – Schultz Canada Corp.
11.2004 - 03.2007
Portfolio Manager / Accountant
Fundy Capital Management Inc.
10.2002 - 11.2004
Property Accountant
Bentall Real Estate Services
09.2001 - 10.2002
Tax Assistant
Sun Life of Canada
01.2000 - 09.2000
Investment Assistant
Sun Life of Canada
02.1999 - 09.1999
BBA - Accounting
Ryerson University
Business Administration - Accounting
Georgian College