Finance Associate- Real Estate Accounting

Primary responsibilities include managing the complete and accurate reconciliation and payment of lease-related expenses including Common Area Maintenance, Property Tax, Insurance, and Utility reimbursements to landlords. This position will work in hand with their supervisor and other team members to interact with functional areas, including Enterprise FP&A, Enterprise R&C, SBS GA, BPI, DT, IT, Legal, business real estate executives, and will be entrusted with high-dollar and high-volume disbursement activities.

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

CORE RESPONSIBILITIES AND TASKS

• Ensure the timely and accurate review, interpretation, and processing of payments and accruals for common area maintenance (CAM), tax, insurance, and utilities as required per the lease for all NOAM properties (US, Canada, Jamaica).

  • Analyze and verify accuracy of landlord invoices and related expense charges. Verify relevancy by review and interpretation of related lease clause.

  • Process CAM, Tax, Insurance, & Utilities reconciliations and ensure accuracy and timeliness of all payments to landlords.

  • Communicate directly with internal and external contacts, i.e., division, field personnel, landlords, accounting and other personnel regarding inquiries, discrepancies, or disputes.

  • Advise KL Malaysia Real Estate Accounting team as needed on day-to-day issues and questions.

  • Approve payments for CAM, Tax, Insurance and Utilities up to and including established threshold.

  • Monitor and accurately adjust lease related expense accruals.

• Analyze monthly rent variances and make recommendations on corrections. Answer accounting questions from the field as needed.

• Proactively communicate with Division Real Estate VP's on any issues that may negatively affect lease renewals and lessee-lessor relationship.

• Drive continuous process improvement and lean initiatives.

• Complete ad hoc tasks from Lead or Supervisor as needed.

POSITION REQUIREMENTS

FORMAL EDUCATION:

Required:

• Bachelor's degree

Preferred:

• Bachelor's degree in Business Administration, Accounting, or Finance

KNOWLEDGE & EXPERIENCE:

Required:

• Strong verbal and written communication skills
• Strong knowledge of mathematics and its application

Preferred:

• 1+ year(s) of business experience
• Working knowledge of generally accepted accounting principles and ability to learn and to apply lease accounting best practices

TECHNICAL/SKILL REQUIREMENTS:

Required:

• Intermediate skills in Microsoft Office products Word, Excel, and PowerPoint
• Ability to accurately calculate rent payments, historical payment analysis, and accruals
• Clear and concise communication in verbal and written form across all levels of management throughout organization
• Experience with arranging information according to specific rules
• Strong time management skills

Preferred:

• Accruent Software (Lucernex)
• Oracle Property Manager, Oracle Accounts Payable
• Microsoft
• OnBase