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Lease Accounting Associate
Lease Accounting AssociateFamily Dollar • Chesapeake, VA, United States
Lease Accounting Associate

Lease Accounting Associate

Family Dollar • Chesapeake, VA, United States
1 day ago
Job type
  • Full-time
Job description

Manage the financial aspects of a portfolio of approximately 650+ store leases. Oversee, review,

process, and approve lease-related financial transactions such as Rent, Real Estate Taxes, Common

Area Maintenance Charges, Insurance Premiums, and other property-related operating expenses while developing and maintaining a professional relationship with Landlords.

Successful candidates must possess the ability to analyze commercial retail leases and payment

information to determine compliance, identify potential overpayments, and the collection of amounts

due to the company as an outcome of completed audit results. The ability to work in a fast-paced

environment with strong attention to detail and organizational skills are essential.

Principal Duties and Responsibilities :

  • Responsible for reviewing payment schedules in excess of $6.5 million per month for assigned

portfolio of stores.

  • Review and prepare invoices for recurring rent payments including operating

    • charges / reconciliations, rent / CPI increases, and any other changes to rent amounts due to

    expansions, reductions and terminations.

  • Review and interpret legal documents for assigned portfolio of stores to

    • determine accuracy of operating expenses.

  • Perform desktop audits of landlord year end reconciliations to validate accuracy in rental and

    • ancillary charges, along with any cap requirements and first year variances as per lease

    requirements.

  • Perform analysis of landlord statements and dispute incorrect charges or unauthorized increases

    • to operating expenses.

  • Review, research, and resolve past due account balance reconciliations / default notices.
  • Perform historical audits.
  • Maintain database of assigned portfolio of stores to effectively monitor workflow and track

    • individual savings.

  • Resolve landlord disputes and critical issues as they develop through effective collaboration

    • with Landlords, the Manager of Lease Accounting, and the Legal Department / Legal Counsel.

  • Assist with various projects as they arise.
  • Handle other duties as assigned.

    • Minimum Requirements / Qualifications :

  • 2 years minimum experience in commercial real estate or commercial property management
  • Understanding of basic accounting; mathematical aptitude
  • Excellent analytical, problem solving, and communication skills
  • Proven experience building and maintaining relationships
  • Strong attention to detail and advanced organizational skills
  • The ability to successfully manage multiple priorities
  • Possess strong time management skills with the ability to respond to changing deadlines with a

    • sense of urgency.

  • Ability to work with little supervision
  • Strong PC skills and knowledge of Microsoft Outlook, Word, and Excel required

    • This position requires an independent worker who takes initiative and provides

    accurate, detail-oriented work

    Experience in Real Estate or Lease / Contract Management desired, but not a

    requirement

    Full time

    510 Volvo Parkway,Chesapeake,Virginia 23320

    Accounting

    Family Dollar

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    Accounting Associate • Chesapeake, VA, United States