CAM Recoveries Analyst

About Us

Vestar is a nationally recognized leader in the acquisition, management, leasing, and development of retail real estate with a significant market share in the Western US. With over 30 million square feet currently under operation and management, Vestar has been acknowledged by both institutional and private-client investors as an industry leader. Since its inception in 1989, Vestar has become synonymous with integrity and responsibility, acquiring, developing, and managing retail and entertainment destinations that serve as community focal points.

Responsibilities

• Prepare Annual Tenant Reconciliations - Calculate and prepare year-end tenant reconciliations for common area maintenance (CAM), property insurance, and real estate taxes. Review lease agreements to ensure accurate application of terms, including caps and exclusions.
• Recovery Setup & Maintenance - Complete the initial and ongoing setup of CAM recovery calculations.
• Budgets - Partner with Property Management and Accounting Managers to assist with the annual property-level budgeting process. Input and validate recovery estimates within Excel templates and internal accounting systems.
• Dispute Resolution & Adjustment Processing - Research and resolve tenant billing inquiries and disputes in collaboration with Property Management, Collections, and Accounting teams. Adjust tenant recovery setups as needed and maintain audit trails.
• Property Tax and Insurance Billings - Calculate and prepare semi-annual and annual property tax billings, annual insurance billings, and related tenant adjustments.
• Audit and Reconciliation Support - Facilitate responses to tenant audit requests by compiling backup documentation and reconciling tenant ledgers.
• Adjustment Review and Approval - Review and approve recovery-related Tenant Accountant Adjustments (TAAs) to ensure they are justified, documented, and aligned with lease terms.
• Cross-Functional Support - Provide support to Property Management, Accounting, Leasing, and Lease Administration teams for lease interpretation and recovery implications.
• Documentation and Process Improvement - Maintain internal documentation for CAM reconciliation procedures and identify opportunities for efficiency and accuracy.

Requirements

• Bachelor’s degree in accounting, finance, business administration (with an emphasis in Accounting), or a related field.
• 2 to 5 years of Commercial Retail Real Estate experience, with a working knowledge of recoveries.
• Previous experience in Property Accounting, Lease Administration, or CAM Recoveries.
• Experience with MRI and YARDI accounting software; advanced proficiency in Microsoft Excel.
• Knowledge of finance, accounting, budgeting, cost accounting, cost control principles, and GAAP.
• Strong analytical skills, attention to detail, and organizational abilities.
• Excellent written and verbal communication skills.

Skills

• Advanced Excel skills, including working with large datasets and formulas.
• Strong interpersonal and communication skills for cross-department collaboration.
• High level of accuracy and meticulous attention to detail.
• Ability to manage multiple priorities and meet tight deadlines.

Schedule

This is a full-time position, Monday through Friday, 8:00 a.m. to 5:00 p.m. Overtime may be required occasionally.