Tenant Recoveries Accountant

Macerich • Phoenix, AZ

9d

About The Position

The Recoveries Accountant manages and oversees the reimbursement of all recoverable expenses (CAM, utilities and property taxes) for a portfolio of properties. The accountant is responsible for complete, accurate, and timely revenue recognition and billings of tenants impounds and annual/periodic adjustment billings. The successful candidate must be able to perform the essential functions of the position satisfactorily. If requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship.

Requirements

• Bachelor’s degree with a preference for Accounting or Business degree.
• Accounting or financial experience in real estate preferred.
• Basic understanding of accounting principles and accrual accounting.
• Minimum 2 years experience in accounting position.
• Ability to comprehend, interpret and apply complex financial lease provisions.

Nice To Haves

• Accounting or financial experience in real estate preferred.

Responsibilities

• Determine annual rent roll impounds for reimbursement of recoverable expenses and make adjustments during the year as necessary.
• Calculate and oversee annual/periodic tenant billings (adjustment billings) for reimbursement of recoverable expenses in accordance with lease agreements or other contracts.
• Prepare annual recoveries budgets and quarterly recoveries projections.
• Manage the input of lease or other contractual terms affecting the calculation and compliance with the reimbursement of recoverable expenses.
• Ensure overall tenant/customer compliance with reimbursement of recoverable expense per applicable terms in lease agreements or other contracts.
• Calculate the monthly recovery accruals for Property Accountant.
• Handle all tenant inquiries, disputes of billings for reimbursement of recoverable expenses.
• Act as liaison for Accounts Receivable Associates with difficult billing and accounts receivable issues regarding reimbursement of recoverable expenses.
• Assist Property Managers with all questions and issues related to reimbursement of recoverable expenses.
• Provide support and ad hoc reports to other disciplines such as Leasing, Legal, Operations, and Development Accountants on various matters. (e.g. lease interpretation, review proposed CAM lease language, training, guidance on business decisions involving CAM, CAM depreciation)
• Other duties as assigned.
• The Employer retains the right to change or assign other duties to this position .

Benefits

• Best-in-class benefits with affordable employee contribution levels
• Paid time off, including vacation time, 12 paid holidays and 80 hours of sick time annually
• 401(k) match with immediate vesting
• Ability to purchase company stock at a 15% discount
• 24 paid volunteer hours and employer charitable match
• Employee Assistance Program
• Career-development resources
• Comprehensive wellness program including Calm Health and ClassPass memberships

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees