Manager of Cash Applications

Kimco Realty Corporation•Jericho, NY

1d•$100,000 - $120,000

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, and tenant portals into financial systems. The successful candidate will bring expertise in cash application workflows, leadership skills, and a collaborative approach to operational excellence and cross-functional support.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
At least 7 years of experience in cash applications, accounts receivable, or accounting; real estate or REIT experience 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, curiosity about combining tools—particularly AI—and a forward-looking perspective on innovative solutions.

Nice To Haves

At least 3 years of supervisory experience, including managing third-party resources.
Experience 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, manual checks, and tenant portals.
Ensure payments are applied according to remittance advice or system logic to the appropriate ledger categories, such as Rent, CAM, Taxes, and Insurance.
Collaborate with team members on journal entries and bank reconciliations, resolving discrepancies and applying knowledge of subledger-to-general-ledger flow.
Monitor unapplied cash and drive timely resolution.
Lead and mentor staff, fostering accuracy, accountability, and continuous improvement.
Set performance goals, monitor productivity, and implement process improvements to support timely receipt posting and resolution of unapplied cash.
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.