Manager, Real Estate

2 weeks ago

Phoenix, United States The Ladders Full time
Description

Invest in your Career with Realty Income

Our dedicated team members, embody our purpose: building enduring relationships and brighter financial futures.

Your return on investment: Purpose & Meaning, Connect & Belonging, Opportunity & Development

In this important role, you will report to the Director of Real Estate Finance & Operations. You will be responsible for calculating and distributing Operating Expense Reconciliations and organizing supporting documents and schedules for an international portfolio of commercial real estate. In addition, you will reconcile third-party association billings, along with systematic bulk direct invoicing. Additionally, the Manager of Real Estate Finance & Operations administers the timeliness of A/R collections and client communication.

Operations and Recoveries
  • Performs technical CAM, Tax, and Insurance reconciliations.
  • Ensures accuracy of general ledger information.
  • Analyzes Lease data to establish recovery pools.
  • Audits tenant ledgers and provides approval for any necessary adjustments.
  • Creates amortization schedules, while adhering to GAAP, for the recovery of capital improvements.
  • Reviews cash management applications.
  • Prepares management reports including, property performance overviews, operating cap analysis, and unpaid charge analysis.
  • Performs applicable expense adjustments to maximize annual recoverable income.
  • Performs property level analysis and data extraction for Asset Management teams.
  • Assists in preparing journal entries, GL account reconciliations and assisting with monthly close processes.
Acquisitions
  • Collaborates with acquisition teams to ensure the delivery of accurate, complete, and properly executed agreements.
  • Analyzes closing documents and posts all transactions relating to operating expense prorations.
  • Audits opening balances for completeness and accuracy.
Accounts Receivable
  • Manages the preliminary notice/lien release process.
  • Oversees A/R collections and ledger audits.
  • Collaborates with Lease Administration on tenant invoicing and cash receipting.
  • Continuously develops processes and procedures to enhance the accuracy and efficiency of the A/R process.
QUALIFICATIONS:Knowledge, Skills, and Abilities:
  • Must be detail-oriented and possess: problem solving/analytical abilities, time management skills, and critical-thinking
  • Ability to comprehend, analyze, and accurately interpret various types of Lease documents
  • Must have a clear and thorough understanding of financial modeling used by Real Estate professionals to value property level performance.
  • Working knowledge of REIT industry-specific financial and operating metrics used to gauge and compare performance preferred, such as FFO, AFFO, and occupancy.
  • Ability to execute in ambiguous situations and take the lead without explicit instructions.
  • Ability to respond to common inquiries or complaints from tenants, regulatory agencies, or members of the business community.
  • Highly dependable, demonstrates initiative and strong organizational skills, is detail-oriented, and has a desire to learn and take on increasing responsibility over time.
  • Establish and maintain cooperative working relationships.
  • Proficiency in Microsoft Office: Excel (V-Look-ups, Pivot Tables, Macros, etc.), Word, Outlook, and PowerPoint.
  • We expect that to meet the above requirements, you will have a Bachelor's degree in Accounting or Finance and 8+ years of previous relevant experience.


Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call [redacted]. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.

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