Lead Lease Accounting Associate

Dollar Tree • Chesapeake, VA

8d • Onsite

About The Position

Summary of Position (Job Purpose) Oversee, review and approve lease-related financial transactions such as rent, taxes, common area maintenance (“CAM”), insurance and other property operating expenses for a team of associates through effective interpretation and application of lease language, audit of expenses, and validation of payments. Principal Duties and Responsibilities Perform desktop audits and reconciliations of landlord operating expenses to ensure accuracy and compliance with the lease agreement through effective review and interpretation of legal documents for assigned portfolio. Review the work of the Lease Accounting Associates for completeness and accuracy, and provide direction, feedback, and additional training as needed. Conduct all new associate training to include CAM, tax, and insurance reconciliations, as well as other ancillary duties as assigned. Communicate billing discrepancies and resolve landlord disputes through effective collaboration with Landlords, Manager of Lease Accounting, and VP - Corporate Counsel. Create New Store Opening packets for Lease Accounting Manager review. Process credit requests received from third party auditors and prepare the data for approval and processing into the subledger. Perform monthly rent adjustments arising from various financial transactions (Tenant Allowance, cotenancy violations, alternate rent arrangements, etc.). Initialize, process, and maintain all changes to financial systems in regards to monthly financials, vendor information, gross sales reporting, and percentage rent requirements per the lease for all stores in assigned portfolio. Assist the team with accounting accruals related to CAM, tax, and insurance as well as percentage rent. Review, resolve and/or maintain various reports and tasks (payment errors, unclaimed property, rent changes, sales letters, manual rent holds and other ad hoc requests). Review percentage rent calculations for accuracy, and generate payments as required by the Lease. Create payment vouchers as needed for time sensitive matters

Requirements

• At least 3 years of Lease Accounting or related accounting experience.
• Excellent communication skills to include oral and written
• Ability to work well with others as well as independently
• Proficiency with Microsoft Office, especially Excel
• Organized and able to multi-task
• Strong attention to detail

Nice To Haves

• Lease Administration or Lease Accounting software application experience (Tango Analytics, Accruent, etc.)
• Lawson software application
• Some college course work completed
• Prior experience in lease audit, lease administration, or other real estate related field

Responsibilities

• Oversee, review and approve lease-related financial transactions such as rent, taxes, common area maintenance (“CAM”), insurance and other property operating expenses for a team of associates through effective interpretation and application of lease language, audit of expenses, and validation of payments.
• Perform desktop audits and reconciliations of landlord operating expenses to ensure accuracy and compliance with the lease agreement through effective review and interpretation of legal documents for assigned portfolio.
• Review the work of the Lease Accounting Associates for completeness and accuracy, and provide direction, feedback, and additional training as needed.
• Conduct all new associate training to include CAM, tax, and insurance reconciliations, as well as other ancillary duties as assigned.
• Communicate billing discrepancies and resolve landlord disputes through effective collaboration with Landlords, Manager of Lease Accounting, and VP - Corporate Counsel.
• Create New Store Opening packets for Lease Accounting Manager review.
• Process credit requests received from third party auditors and prepare the data for approval and processing into the subledger.
• Perform monthly rent adjustments arising from various financial transactions (Tenant Allowance, cotenancy violations, alternate rent arrangements, etc.).
• Initialize, process, and maintain all changes to financial systems in regards to monthly financials, vendor information, gross sales reporting, and percentage rent requirements per the lease for all stores in assigned portfolio.
• Assist the team with accounting accruals related to CAM, tax, and insurance as well as percentage rent.
• Review, resolve and/or maintain various reports and tasks (payment errors, unclaimed property, rent changes, sales letters, manual rent holds and other ad hoc requests).
• Review percentage rent calculations for accuracy, and generate payments as required by the Lease.
• Create payment vouchers as needed for time sensitive matters

Benefits

• Here, you’ll have the opportunity to connect with people every day — creating memorable experiences for our customers while also building a career that can take you anywhere.
• Join our team and see where your journey can take you.
• We're invested in your health and wellness. That’s why we invest in perks, programs, and resources that help you at every stage of your life and career.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees