Lease Accounting Analyst

We need to output HTML fragment with sections: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Only include sections that have real specific content. Must not repeat job title. Must not include Job ID etc. Must remove boilerplate. Must preserve all substantive info. We need to parse description. Key info: - Role: Lease Accounting Analyst in Beachwood, OH. - Manage and maintain lease agreements between landlords and tenants, ensuring lease terms documented and adhered. - Daily tasks: track lease billings, monitor lease expiration dates, manage lease renewals, oversee calculation and billing of lease related charges, resolve issues regarding lease compliance. - Critical role ensuring tenant billings accurate, AR balance and disputes down, collect quicker. - Need analytical, detailed-oriented Analyst with prior experience as commercial lease administrator or paralegal with understanding of basic real estate legal concepts related to retail leases. - Hybrid schedule: Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), option to work from home up to 2 days a week. - Initial 90-day onboarding: might encourage being onsite more than 3 days for orientation/training. - Expected salary range: $45,000-55,000. Actual compensation based on factors. - To be successful, you will need to: (list of duties) - Review lease portfolio to ensure retail leases are in compliance with ASC 842 – Lease Accounting Standard (FASB). - Administer and manage a portfolio of retail leases, ensuring accuracy and compliance with terms and conditions. - Maintain up-to-date lease files within a centralized database, ensuring all documentation, critical dates and other lease related materials are accurately recorded and logically organized. - Review and interpret lease agreements to facilitate precise tracking and comprehensive reporting. - Collaborate with internal and external stakeholders to address inquiries, provide clarification on lease-related matters, and equitably resolve disputes and discrepancies. - Upon execution of lease documents within assigned portfolio, abstract material clauses such as critical dates and financial and performance obligations. - Refine existing abstracted notes as necessary on an on-going basis. - Oversee the calculation and billing (to the G/L) of all lease related charges and revise as necessary based on amendments and other documents. This includes Rent and Additional Rents, including not limited to Base Rent, Operating Expense Revenue (CAM, Real Estate Tax & Insurance, etc.), Percentage Rent, Overage Rent, CPI Adjustments, Co-Tenancy/Alternate Rents, and Direct Tenant Billings. - Evaluate present and proposed tenancy conditions for designated portfolio and maintain on-going knowledge of various occupancy requirements and use restrictions. - Conduct feasibility studies for prospective deals to identify and anticipate any potential violations. - Collect, record, monitor and report gross sales amounts as provided by Tenants to maintain compliance with Sales Reporting and Percentage Rent requirements as outlined in lease agreements. - Process adjustments to tenants’ accounts after researching lease language and reconciling billings by generating calculation support of findings in Excel. - Works cross-functionally with business partners to resolve tenant disputes or other inquiries in a timely manner. - We Are Looking For An Analyst With: - Knowledge of Commercial Real Estate Lease Structures (Retail preferred) - Prior experience drafting leases and performing lease abstracts - Problem-solving and analytical skills required, with the ability to interpret complex lease documents and identify key provisions - Organizational skills and ability to multi-task; efficiently managing a large volume of lease documents and tracking critical dates - Experience with Microsoft products, MRI, or other related real estate accounting and project management software - About Us: description of SITE Centers, etc. Might be considered "About the company" but not required sections. The instruction says use headings for sections like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. So we need to map content accordingly. We need to decide which sections to include based on content. - About the role: we can include a brief description of role purpose and location. The description includes "The Lease Accounting team is looking for a Lease Accounting Analyst in Beachwood, OH to manage and maintain lease agreements..." That's about the role. So we can put that in

About the role

with a

. - Responsibilities: list of duties (the bullet list after "To be successful in this role, you will need to:" and earlier daily tasks). We'll put those in

• . - Requirements: maybe the "To thrive in this role, we need an analytical and detailed-oriented Analyst with prior experience as a commercial lease administrator or paralegal with an understanding of basic real estate legal concepts related to retail leases." That's a requirement. Also hybrid schedule? That could be Schedule. Also "During the initial 90-day onboarding period, we might encourage being onsite more than 3 days so you can get successfully oriented and trained in your new role." That's schedule/onboarding. - Qualifications: maybe the "We Are Looking For An Analyst With Knowledge of Commercial Real Estate Lease Structures (Retail preferred) Prior experience drafting leases and performing lease abstracts Problem-solving and analytical skills required, with the ability to interpret complex lease documents and identify key provisions Organizational skills and ability to multi-task; efficiently managing a large volume of lease documents and tracking critical dates Experience with Microsoft products, MRI, or other related real estate accounting and project management software". That's qualifications/skills. - Skills: could be separate but we can combine. However instruction: prefer few substantive sections over many thin ones. So we might combine Qualifications and Skills into one section? But we have headings for both. We need to include a section only when posting has real specific content for it. We have content for both Qualifications and Skills. Could split: Qualifications: education/experience requirements; Skills: technical/soft skills. Let's see. Qualifications: prior experience as commercial lease administrator or paralegal; understanding of basic real estate legal concepts related to retail leases; prior experience drafting leases and performing lease abstracts; knowledge of commercial real estate lease structures (retail preferred). That's qualifications. Skills: problem-solving and analytical skills; ability to interpret complex lease documents and identify key provisions; organizational skills and ability to multi-task; managing large volume of lease documents and tracking critical dates; experience with Microsoft products, MRI, or other related real estate accounting and project management software. Thus we can have both. - Benefits: posting does not mention benefits (health, 401k, etc.) So we should NOT include Benefits section. - Pay: we have salary range $45,000-55,000. So include Pay section. - Schedule: hybrid schedule details: Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), option to work from home up to 2 days a week; initial 90-day onboarding might encourage being onsite more than 3 days. So include Schedule. We must not repeat job title as heading. So no heading for Lease Accounting Analyst. We must not put Job ID/requisition numbers as headings; none present. We must remove boilerplate: cookie/navigation/legal/EEO etc. Not present. We must preserve all substantive information; do not invent or summarize away detail. So we need to include all details from the description, but we can format them into sections. We must not include filler like "commensurate with experience" etc. Not present. We must output only HTML fragment, no /, no markdown fences. Thus produce something like:

  About the role

  The Lease Accounting team is looking for a Lease Accounting Analyst in Beachwood, OH to manage and maintain lease agreements between landlords and tenants, ensuring all lease terms and conditions are accurately documented and adhered to. Each day the Analyst will track lease billings, monitor lease expiration dates, manage lease renewals, oversee calculation and billing of lease related charges, and resolve any issues that may arise regarding lease compliance. This Analyst plays a critical role in ensuring our tenant billings are accurate which results in keeping our AR balance and tenant disputes down and allows us to collect on tenant billings quicker.

  Responsibilities

  • Review lease portfolio to ensure retail leases are in compliance with ASC 842 – Lease Accounting Standard (FASB).
  • Administer and manage a portfolio of retail leases, ensuring accuracy and compliance with terms and conditions.
  • Maintain up-to-date lease files within a centralized database, ensuring all documentation, critical dates and other lease related materials are accurately recorded and logically organized.
  • Review and interpret lease agreements to facilitate precise tracking and comprehensive reporting.
  • Collaborate with internal and external stakeholders to address inquiries, provide clarification on lease-related matters, and equitably resolve disputes and discrepancies.
  • Upon the execution of lease documents within assigned portfolio, abstract material clauses such as critical dates and financial and performance obligations.
  • Refine existing abstracted notes as necessary on an on-going basis.
  • Oversee the calculation and billing (to the G/L) of all lease related charges and revise as necessary based on amendments and other documents. This includes Rent and Additional Rents, including not limited to Base Rent, Operating Expense Revenue (CAM, Real Estate Tax & Insurance, etc.), Percentage Rent, Overage Rent, CPI Adjustments, Co-Tenancy/Alternate Rents, and Direct Tenant Billings.
  • Evaluate present and proposed tenancy conditions for designated portfolio and maintain on-going knowledge of various occupancy requirements and use restrictions.
  • Conduct feasibility studies for prospective deals to identify and anticipate any potential violations.
  • Collect, record, monitor and report gross sales amounts as provided by Tenants to maintain compliance with Sales Reporting and Percentage Rent requirements as outlined in lease agreements.
  • Process adjustments to tenants’ accounts after researching lease language and reconciling billings by generating calculation support of findings in Excel.
  • Works cross-functionally with business partners to resolve tenant disputes or other inquiries in a timely manner.

  Requirements

  To thrive in this role, we need an analytical and detailed-oriented Analyst with prior experience as a commercial lease administrator or paralegal with an understanding of basic real estate legal concepts related to retail leases.

  Qualifications

  • Knowledge of Commercial Real Estate Lease Structures (Retail preferred)
  • Prior experience drafting leases and performing lease abstracts

  Skills

  • Problem-solving and analytical skills required, with the ability to interpret complex lease documents and identify key provisions
  • Organizational skills and ability to multi-task; efficiently managing a large volume of lease documents and tracking critical dates
  • Experience with Microsoft products, MRI, or other related real estate accounting and project management software

  Pay

  The expected salary range for this position is between $45,000-55,000. Actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, geographical and industry market data, and business considerations and other factors permitted by law.

  Schedule

  This position works a hybrid schedule in the Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), and the option to work from home up to 2 days a week. During the initial 90-day onboarding period, we might encourage being onsite more than 3 days so you can get successfully oriented and trained in your new role.

  Check we didn't miss any substantive info: The initial description also mentions "To be successful in this role, you will need to:" which we used for responsibilities. Also earlier daily tasks: track lease billings, monitor lease expiration dates, manage lease renewals, oversee calculation and billing of lease related charges, resolve any issues