Lease Accounting Associate

Dollar Tree•Chesapeake, VA

2d•$22 - $26•Onsite

About The Position

The Lease Accounting Associate at Dollar Tree’s corporate office manages financial obligations for an assigned portfolio of more than 650 store leases. The role reviews and processes lease-related expenses, analyzes commercial lease agreements, performs audits, and works with landlords and internal partners to ensure lease payments and recoveries are accurate. It also supports financial operations, identifies cost-saving opportunities, and helps ensure compliance with lease terms. The position includes reviewing payment schedules exceeding $6.5 million per month for assigned locations; preparing and processing payments and invoices for rent, operating expenses, reconciliations, escalations, CPI increases, lease modifications, taxes, CAM charges, insurance premiums, and other occupancy costs; and maintaining accurate payment records. The Associate reviews lease documents, audits landlord reconciliations and statements, investigates discrepancies and overpayments, and pursues cost recovery where appropriate. The role also involves landlord relationship management, resolving account issues and disputes with internal partners, maintaining workflow and portfolio reporting tools, and assisting with special projects.

Requirements

At least 2 years of experience in commercial real estate, commercial property management, lease administration, or a related field.
Understanding of basic accounting principles and strong mathematical aptitude.
Excellent analytical, problem-solving, and critical-thinking skills.
Strong verbal and written communication skills.
Ability to build and maintain effective professional relationships.
Exceptional attention to detail and organizational skills.
Ability to manage multiple priorities in a fast-paced environment.
Strong time management skills and ability to adapt to changing deadlines with a sense of urgency.
Ability to work independently with minimal supervision.
Proficiency in Microsoft Outlook, Word, and Excel.
Ability to produce accurate, high-quality work while taking initiative and ownership of responsibilities.

Nice To Haves

Experience in commercial real estate, lease administration, lease accounting, or contract management.
Knowledge of commercial lease concepts, operating expense reconciliations, and occupancy costs.
Experience conducting audits or financial analysis related to lease obligations.

Responsibilities

Manage the financial aspects of an assigned portfolio of approximately 650 or more store leases.
Review payment schedules exceeding $6.5 million per month for assigned locations.
Review and prepare invoices for recurring rent payments, operating expense charges, reconciliations, rent escalations, CPI increases, and lease modifications.
Process and approve lease-related payments, including rent, real estate taxes, CAM charges, insurance premiums, and other occupancy expenses.
Maintain accurate lease payment records and monitor financial activity within the assigned portfolio.
Review and interpret lease agreements, amendments, and related legal documents to verify billing accuracy and compliance.
Perform desktop audits of landlord year-end reconciliations to validate operating expenses, lease caps, and first-year variances.
Analyze landlord statements and identify billing discrepancies, unauthorized charges, or overpayments.
Conduct historical audits and identify opportunities for cost recovery and savings.
Research, verify, and pursue collections resulting from audit findings when appropriate.
Develop and maintain professional relationships with landlords and property representatives.
Research and resolve past-due balances, account reconciliations, and default notices.
Address landlord disputes and critical issues in collaboration with Lease Accounting leadership and Legal partners.
Maintain databases and reporting tools used to track workflow, portfolio activity, and cost-savings initiatives.
Assist with special projects and other duties as assigned.