Lease Accounting Analyst

  • September 10, 2019
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    Job Description 

    Essential Function
    The Lease Analyst position is responsible for evaluating and analyzing new leases for payment obligations and accounting implications, as well as on-going account maintenance for each store. They will ensure the accuracy and timeliness of monthly rent payments, escrow adjustments and operating expense reconciliations. Lease Analysts coordinate the flow of information between the landlords, Real Estate and General Accounting, and assume full responsibility for all Lease Accounting related activity for their 700+ stores.

     

    Primary Duties
    • Analyze landlord reconciliations of operating expenses. Confirm billing is in accordance with lease terms. Verify pro-rata share, credit for monthly escrows, and evaluate for reasonableness with prior period reconciliations. Process invoice for payment.
    • Review monthly statements from landlords. Research and resolve any discrepancies to reconcile the account. Prepare an escrow change form to adjust monthly payment amounts and process check requests as necessary.
    • Review all new and renewing leases to abstract relevant lease dates and determine rental obligations. Identify accounting provisions in the lease related to prepaid rent, security deposits, contractual rent increases, and free rent periods. Ensure set-up in the Recurring Rent system is accurate and complete.
    • Ensure all processed invoices and new leases are in compliance with company policies and Sarbanes Oxley requirements.
    • Responds to internal and external inquiries in a timely manner, maintaining professional and courteous relationship with coworkers and landlords.
    • Processes  utility  invoices,  rent  vendor  changes  and  gross sales requests.    Reviews and validates Estoppels and SNDA ’s.

     

    Knowledge, Skills and Abilities
    •  High school degree required, some college preferred
    •  2-4 years of clerical accounting or related experience
    • Proficient in Microsoft Access, Word, Excel, 10-key
    • Experience in Lease Accounting or Property Management preferred

     

    Competencies / Attributes
    • Excellent oral and written communication skills
    • Excellent analytical skills and attention to detail
    • Ability to prioritize and multi-task
    Pay/Hours
    • Monday – Friday 8:00 a.m. to 5:00 p.m.
    • $18/hour pay rate.
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