Lease Accounting Project Analyst

About the role

The Lease Accounting team at SITE Centers is looking for a Lease Accounting Project Analyst in Beachwood, OH. 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. The expected salary range for this position is between $53,000 - $65,000. 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.

Responsibilities

• Maintain accurate and timely Excel tracking log for all documents received by IB for database updates, this includes identifying and adding document type & key conditions into the log, assigning document to an analyst for processing, auditing of the log to identify errors, assigning corrections to analysts, and overall management of document processing
• Review lease/document Bill Copy for errors and approvals if the document has been processed properly to comply with SOX regulations
• Maintain workflow process for adjustment forms, including assignment to Recovery Analysts for data entry and resolving issues related to ECM
• Collect key data and creates a detailed monthly report to management on tenants who have not yet opened for business and have reached their rent commencement date or could potentially be billed within the next 90 days
• Perform acquisition audits by conducting a final quality review and approval, as needed
• Prepare initial set-up of acquisition properties and reconciliation of sold properties by creating a manual billing schedule for Transactions to use to model recoveries, lease review for accuracy, and EP Setup in JDE
• Conduct rent roll validations to identify and correct errors for disposition or refinanced properties
• Perform various testing efforts to ensure system upgrades do not interrupt system functionality. Manages updates within the department’s procedure manual when processes and systems change
• Conduct quarterly CAM audits by performing random testing on CAM billings and adjustment forms to validate all SOX regulations
• Aid with annual tax billings, quarterly CAM billings and monthly accruals, as needed
• Aid with year-end reconciliations and budgets, as needed
• Works on department general and administrative expenses, vendor invoices, expense reports and other paperwork to/from manager and other departments
• Maintain the workflow process for Lease Termination Agreement Forms, Stop Billing Log, Open Not Billed Report, and Critical Date Log, and submits these reports for management approval
• Serve as the primary analyst to work on new projects and ad-hoc reporting needs for IB and Recoveries

Requirements

We need an Analyst with prior experience reading and understanding landlord leases and knowledge of real estate accounting practices who thrives in doing detail-oriented review work, collaborating cross-functionally with business partners, and has an eye for process improvement.