Commercial Properties Lease Accountant
2 weeks ago
We are currently seeking an Commercial Properties Lease Accountant - Hybrid to fill a vacant position with one of our Client, located in Santa Barbara, CA. If you possess the necessary qualifications and are interested in pursuing this opportunity, we kindly request that you provide us with your most up-to-date resume. We appreciate your consideration and look forward to potentially working with you.
Job Description
The Commercial Lease Accountant is responsible for coordinating and facilitating the central processing via abstraction, translation, reconciliation, auditing, quality control, and reporting of critical lease information into the lease management system. Youll be responsible for the day-to-day tracking of the critical dates, document coordination and approvals, accounting, and database lease administration of the commercial real estate portfolio including office, industrial, and retail properties. You will collaborate closely with internal teams, including leasing, property management, and accounting, to provide accurate and timely lease-related financial information. Calculate and assess operating expense charges, annual rent escalations, CAM reconciliationsestimates, and other billable expenses work directly with property managers to assist in understanding the results and ensure efficient processing of any potential financial impacts. Monitor lease renewals, amendments, and terminations and update lease accounting in Yardi accordingly. Input new leases and renewals into Yardi using the lease abstracts. Process security deposit refunds. Assist in preparing annual operating incomeexpense budgets. Assist with internal and external audits related to lease accounting and provide necessary documentation and support. Determine any percentage rent due for retail tenants based on sales reports. Prepare tenant account analysis and reconciliations. Oversee tenant billings, collections, and cash application. Inform management as to any discrepancies or any other problem areas that may arise. Coordinate collection and documentation of all revenues following lease obligations of tenants per the owners policy on accounts receivable. Administer the commercial property database using Yardi software. Ensure the accuracy of the information in Yardi available to the property managers, as well as anticipate any potential impacts on the financial statements. Maintain and update copies Skills Required
2+ yrs exp in lease accounting. 1+ yr exp working with Yardi. Knowledge of financialaccounting principles and reporting.
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