Associate - Lease Accounting

Responsibilities

• Manage the financial aspects of a portfolio of approximately 650+ store leases.
• Oversee, review, process, and approve lease-related financial transactions such as Rent, Real Estate Taxes, Common Area Maintenance Charges, Insurance Premiums, and other property-related operating expenses.
• Develop and maintain a professional relationship with Landlords.
• Analyze commercial retail leases and payment information to determine compliance, identify potential overpayments, and collect amounts due to the company.
• Review and prepare invoices for recurring rent payments including operating charges/reconciliations, rent/CPI increases, and any other changes to rent amounts due to expansions, reductions, and terminations.
• Review and interpret legal documents for assigned portfolio of stores to determine accuracy of operating expenses.
• Perform desktop audits of landlord year-end reconciliations to validate accuracy in rental and ancillary charges, along with any cap requirements and first year variances as per lease requirements.
• Perform analysis of landlord statements and dispute incorrect charges or unauthorized increases to operating expenses.
• Review, research, and resolve past due account balance reconciliations/default notices.
• Resolve landlord disputes and critical issues as they develop through effective collaboration with Landlords, the Manager of Lease Accounting, and the Legal Department/Legal Counsel.
• Affiliate with various projects as they arise.

Requirements

• Understanding of basic accounting; mathematical aptitude.
• Excellent analytical, problem-solving, and communication skills.
• Proven experience building and maintaining relationships.
• Strong attention to detail and advanced organizational skills.
• Possess strong time management skills with the ability to respond to changing deadlines with a sense of urgency.
• Strong PC skills and knowledge of Microsoft Outlook, Word, and Excel.

Qualifications

• Summary of knowledge, experience and education required.
• The ability to independently take initiative and provide accurate, detail-oriented work.
• Experience in Banking or Finance, as well as Real Estate or Lease/Contract Management is desired, but not a requirement.