Lease Accounting Project Analyst
About The Position
The Lease Accounting Project Analyst plays an important role in supporting accurate lease accounting operations, with a strong focus on reviewing work, overseeing quality, and coordinating acquisition setup. This position helps ensure Initial Billing (IB) documents, tracking logs, and related reports are complete, accurate, and compliant with internal controls and SOX requirements. This position partners closely with transactions, recoveries, property reporting and external teams. 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.
Requirements
- Prior experience reading and understanding landlord leases
- Knowledge of real estate accounting practices
- Detail-oriented review work
- Collaborating cross-functionally with business partners
- An eye for process improvement
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
- Assist with annual tax billings, quarterly CAM billings and monthly accruals, as needed
- Assist 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
Benefits
- Corporate benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
