Senior Lease Accountant

Senior Lease Accountant

Summary

The Senior Lease Accountant is responsible for managing the companys end-to-end lease accounting process from lease setup and administration through compliance of lease terms. This role oversees lease classification measurement and financial reporting ensures accurate and timely disclosure of lease-related balances partners with cross-functional teams on new and amended leases and supports internal controls audit and technical accounting requirements related to the lease portfolio. This position requires keen attention to detail strong technical accounting judgment and excellent communication skills as this individual works across all lines of business.

Job Responsibilities (responsibilities may include but are not limited to the following)

Lease Administration & Portfolio Management

In RealPage Set up building profiles (floors units square footage) tenants leases and recurring charges for new acquisitions/developments and any lease amendments

Maintain update and review leases in RealPage (or successor lease accounting system) to ensure accuracy of fixed rent percentage rent and CAM/tax payments in accordance with lease terms and conditions

Prepare lease abstracts upon new lease execution or amendment and maintain the lease accounting system/software to ensure data integrity

Generate monthly recurring charges percentage rent charges utility billings and any ad-hoc charges as needed and generate and distribute monthly tenant statements

Oversee posting of tenant payments and generate the monthly AR report for internal review with other departments

Support due diligence related to acquired or divested lease portfolios

Calculate and post any late fees on commercial tenant ledgers

Collect and document monthly quarterly and annual sales reports required under tenant lease terms including calculating and posting associated percentage rent

Calculate and maintain annual CAM reconciliation and obligation letters taking lead on coordinating and ensuring they are prepared reviewed and finalized in accordance with internal deadlines and lease documents

Collaborate with other departments to ensure accurate rent rolls leases and tenant information

Serve as primary point of contact for external auditors on any lease accounting matters

Prepare audit schedules PBC items and technical memos supporting lease treatment positions

Financial Reporting

Prepare and review monthly quarterly and annual financial statements for a portfolio of properties

Perform accounting functions including month-end close account reconciliations equity analysis and intercompany reconciliations

Conduct financial statement analysis including flux analyses explaining period-over-period variances with the ability to identify and resolve potential issues

Cross-Functional Collaboration & Leadership

Partner with Commercial Leasing Legal Property Management and Asset Management teams on new lease agreements and amendments

Identify patterns and problem areas and make recommendations to management on areas of improvement

Assist with process improvement and automation initiatives for lease accounting workflows

Other Duties

Assist with technical accounting research and memo drafting for complex lease arrangements

Take on special projects as needed

Perform other duties as assigned

Performance Objectives

The 7 Core Values established by Crawford Hoying to maintain its desired culture

Willingness to learn a variety of concepts practices and procedures

Face-forward interaction and engagement with other departments

Strategic approach to problem-solving technical research and troubleshooting

Flexibility in taking on projects

Perseverance in reconciling historical data

Timeliness and transactional accuracy

Preferred Knowledge Skills Education and Experience

Bachelors degree in Accounting Finance or a related field required

3 years of accounting experience including significant hands-on lease accounting duties

Strong analytical problem-solving organizational and multitasking abilities

Excellent interpersonal and communication skills both written and verbal for cross-functional and audit interactions

Results-oriented attitude with a sense of urgency and the ability to manage competing deadlines during close audit and reporting cycles

Advanced knowledge of Excel; experience with ERP systems (e.g. RealPage Yardi MRI) a plus

Proficiency with Microsoft Office products

Demonstrated leadership ability to mentor junior staff and drive process improvement

Work Environment

This individual works at the corporate office and interfaces with external and internal customers on a regular basis. Work hours are typically 8:00 am to 5:00 pm Monday through Friday subject to the needs of the department. The person in this position must be available to work additional hours as needed during month-end quarter-end year-end close and audit periods.

Physical Requirements

The Senior Lease Accountants physical condition must be sufficient for the consistent and successful completion of the responsibilities defined for this position. This position frequently requires standing walking sitting reaching with hands and arms and lifting up to twenty-five pounds.

Reporting Structure

The Senior Lease Accountant reports to the Property Accounting Manager.