Manager of Cash Applications

Kimco Realty•Jericho, NY

About The Position

Kimco Realty is seeking a detail-oriented and strategic Manager of Cash Applications to lead cash receipts and application operations. The role oversees accurate and timely posting of tenant payments from channels including ACH, wire transfers, checks, lockbox, and tenant portals into financial systems. The manager leads staff and drives operational excellence while collaborating with cross-functional teams. The position also supports banking deposits, reconciliations, month- and quarter-end close, compliance, reporting, tenant payment inquiries, and technology improvements.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
At least 7 years of experience in cash applications, accounts receivable, or accounting.
At least 3 years of supervisory experience; experience managing third-party resources is preferred.
Strong analytical, organizational, and communication skills.
Experience with REIT operations and real estate finance, including lease structures and billing cycles.
Ability to interpret complex lease agreements and apply payments accurately.
Ability to manage high-volume cash receipts in a multi-entity environment.
Experience administering third-party portals.
Familiarity with ERP systems such as MRI, Yardi, or JD Edwards.
Advanced MS Office and Excel skills, including pivot tables, VLOOKUPs, and formulas.
Technology-forward mindset and curiosity about combining tools, particularly AI, to develop innovative solutions.

Nice To Haves

Experience in real estate or REITs.
Supervisory experience managing third-party resources.
Experience with MRI, Yardi, or JD Edwards, preferably including researching and implementing new systems.

Responsibilities

Manage daily cash application processes and ensure accurate posting of payments to tenant accounts.
Ensure banking deposits are processed accurately and daily batch entries reconcile to cash receipts.
Oversee receipt intake from lockbox, ACH, wire transfers, manual checks, and tenant portals.
Apply payments according to remittance advice or system logic to appropriate ledger categories, such as Rent, CAM, Taxes, and Insurance.
Work with team members to prepare journal entries and bank reconciliations, resolve discrepancies, and apply knowledge of subledger-to-general-ledger flow.
Monitor unapplied cash and drive timely resolution.
Lead and mentor staff, establish performance goals, monitor productivity, and implement process improvements.
Partner with Lease Administration, Treasury, Accounting, and IT to resolve payment discrepancies and optimize workflows.
Serve as the primary contact for tenant inquiries about payment activity and portal support.
Coordinate with Treasury on banking relationships, lockbox setup, and cash forecasting.
Ensure compliance with internal controls, SOPs, and regulatory standards, including Sarbanes-Oxley.
Maintain accurate records of receipts, batch reports, and reconciliation logs.
Support month-end and quarter-end close processes and reporting packages.
Collaborate with IT to troubleshoot system issues and implement technology solutions.