Financial Analyst II - Real Estate

Duke Careers•Durham, NC

About The Position

The Financial Analyst II - Real Estate manages the financial activities related to the leased real estate portfolio of Duke University and Duke University Health System. The role includes accurate financial reporting, supporting property management teams, and handling tasks such as rent collection, reviewing operating expense reconciliations, and coordinating with vendors. This person consistently delivers high-quality client service and maintains a culture of excellence.

Requirements

Bachelor's degree in Accounting, Finance, Economics, Business Administration or a related field.
Four years of experience in financial management, cost accounting, or a field directly related to the specialized area of assignment.

Nice To Haves

2-5 years of preferred experience in accounting, preferably in real estate or property management.
Experience with finance software platforms such as SAP.
Familiarity with real estate accounting systems (e.g., MRI, or similar).
Knowledge of property management, lease administration and operations.

Responsibilities

Preparing and maintaining monthly, quarterly, and annual financial statements for leased properties.
Collaborating with Finance teams to ensure the accuracy of general ledger transactions, including journal entries and accruals.
Ensuring expenses are coded correctly using appropriate building codes, fund codes, and GL accounts.
Supporting month-end and year-end close processes.
Participating in financial audits.
Processing invoices, check requests, and wire payments in accordance with established procedures.
Managing rent collections and tenant billbacks, ensuring accurate receipt and billing of rental income.
Tracking and resolving discrepancies in both receivables and payables, maintaining accurate financial records.
Supporting the financial aspects of acquisitions and dispositions.
Assisting in preparing the departmental annual budget and participating in periodic financial reviews.
Monitoring operating expenses (OPEX) and investigating any variances.
Evaluating adjustments related to taxes, insurance, and operating expenses for financial accuracy and lease compliance.
Maintaining financial records for leases, updating rent schedules, tracking tenant activity, and recording billable expenses.
Ensuring accurate billing of rent and recoveries.
Conducting reconciliations and reviewing annual operating expense reconciliation statements for compliance and accuracy.
Maintaining vendor records, including initial setup and payment details.
Managing the landlord and vendor onboarding process through PaymentWorks.
Coordinating with procurement and risk management teams to ensure compliance with necessary documentation, such as insurance certificates (COIs) and service agreements.
Ensuring compliance with company policies, lease agreements, and accounting standards.
Maintaining thorough documentation to support audits and internal controls.