Recoveries Analyst, Commercial Real Estate

IRG Realty Advisors • Richfield, OH

4d

About The Position

IRG Realty Advisors (IRG RA) provides comprehensive commercial real estate solutions for entrepreneurial owners/investors, corporations, institutional and governmental clients. Currently the largest management services company headquartered in the state of Ohio, our portfolio has over 100 million square feet of assets in 31 states. The profile includes Commercial Office & Retail, Industrial, Warehouse, Multi-Family properties, and Land properties. IRG RA provides specific emphasis and unique experiences in developing and managing large, complicated mixed-use projects. IRG RA’s Core Purpose is to Improve communities by developing and implementing innovative real estate solutions through customized approaches that surpass our clients' expectations. As an Advisory firm, our approach is to connect all the elements that can affect the performance of a commercial real estate investment and bring those together into a cohesive strategic recommendation of value enhancement. This is accomplished with an eye toward each step of the real estate life cycle, from acquisition to repositioning to stabilization to exit planning. Through our independent yet coordinated service lines, IRG RA advises our clients on Property and asset Management, Transaction Management, Development Services, Project Management, Consulting, and Facility Management. We are looking for passionate, enthusiastic associates who are committed to professional development and focused on achieving unparalleled results for our clients and partners. Job Summary: The Recovery Analyst will help develop and implement a Recoveries Program for the entire commercial/industrial portfolio. Under the direction of the Recovery Performance Supervisor, you will conduct CAM reconciliations for clients to ensure operating expenses are in compliance with all tenant lease terms. Collaborates with Property Management and Accounting to identify, negotiate, and recoup potential savings for client(s).

Requirements

• Bachelor's degree in Accounting, Finance, or Real Estate preferred or equivalent work experience.
• 2+ years experience required
• Ability to comprehend, analyze, and interpretation of complex tenant lease language. Requires analytical and quantitative skills.
• Requires knowledge of financial terms; able to calculate formulas and conduct overall analysis between reconciliations and lease language.
• Excellent Excel, written, and analytical skills, in preparing reports, reconciliations, audits, and correspondence.

Responsibilities

• Works with Recovery Manager on “Best Practice” of completion of annual true up process.
• Reviews, compares, and analyzes CAM, insurance, tax, and other operating expenses to ensure billings to tenants are in compliance with lease clauses.
• Works with Property Accountant(s) and Property Manager(s) on requests for additional information, back-up, and recommendations.
• Prepare and/or review CAM and operating expense reconciliations/recoveries for accuracy, ensuring the tenant is being charged properly.
• Assists in the Annual Estimate, Budget, and CAPX processes to name a few.
• Various other tasks as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees