Realty Income Corporation
Real Estate Accountant - CAM & Recoveries
Realty Income Corporation, Del Mar, California, United States, 92014
Position Overview
The Analyst, Real Estate Finance & Operations (“Analyst”) is responsible for assisting in all areas required to properly maintain all necessary records, documents, and schedules relating to operating expense recoveries. The Analyst has immediate responsibility for overseeing all administrative activities associated with Common Area Maintenance (CAM) Reconciliations, which includes contract billings to 3rd-party associations, setup and maintenance of recovery pools, commercial lease review and analysis, and various ad hoc projects supporting the Real Estate Finance & Operations team. The Analyst is responsible for all Real Estate tax and insurance reconciliations and direct billings. This is a hybrid position with Tuesday, Wednesday, and Thursday required in the San Diego headquarters.
Key Responsibilities
Analyze and interpret Leases, Amendments, and Title documents relating to CAM obligations and update key fields within Yardi.
Assist team leads in issuing annual CAM reconciliations, supporting documents, and updating recovery estimates.
Provide follow-up with tenants on delinquencies and update accounts receivable notes and trackers.
Accommodate various requests for information relating to third‑party management.
Represent Real Estate Finance and Operations as the point of contact for all tenant inquiries involving CAM payments, reconciliations, supporting documents, disputes, and related items.
Recoveries
Contribute to the execution of over 4,500+ insurance and tax direct billings, leveraging business process automation.
Perform insurance and tax reconciliations.
Review 3rd‑party management reconciliations for completeness and accuracy. Compare all required backup against governing title documents, i.e., OEA’s, REA’s, POA’s, and CC&R’s.
Maintain fixed CAM schedules and coordinate all updates with the Lease Administration Team.
Assist the Revenue Accounting Supervisor in reviewing the monthly receipting of NNN rents along with periodic ledger audits.
Aid in the resolution of outstanding reconciliations and payments.
Support Property Management in billing tenants for direct reimbursable expenses.
Update CAM tracking tools and prepare various reports for recurring meetings.
Billings & Support
Obtain, review, and update W9s and proof of insurance for all 3rd‑party associations and management entities.
Review and process 3rd‑party association invoices through Yardi workflows. Update recurring invoice templates.
Maintain all 3rd‑party contact information and act as a representative for matters relating to payments, disputes, and service requests.
Enhance Microsoft Power BI to accurately reflect the status of CAM 3rd‑party invoice payments, Insurance Reconciliations, TAX reconciliation, and CAM reconciliation, ensuring real‑time visibility and informed decision‑making.
Qualifications A qualified candidate is typically expected to have:
2+ years of experience in Real Estate Accounting or 5+ years of general accounting experience. However, those with varying experience levels will be considered.
Competency in tenant ledgers and general ledger accounting.
Bachelor’s Degree in Accounting, Finance, Business Administration, or related field.
Ability to identify information to clarify a situation, seek that information from appropriate, multiple sources, and use skillful questioning to abstract the information.
Ability to recognize discrepancies and inconsistencies in available information.
Ability to organize complex information and materials for others.
Strong oral and written communication skills.
Ability to cultivate and maintain positive, working relationships.
Ability to use Microsoft Office, specifically Outlook, Word, Excel, and PowerPoint.
Preferred
Real estate industry or Real Estate Investment Trust (REIT) experience preferred.
Yardi experience preferred.
What You Will Get In Return The hourly rate for this role is in the range of $29.96 - $35.13 - $42.05. Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, to be discussed during the interview process. An annual pay rate and total compensation package is generally determined by the candidate’s experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
Most US based full‑time and part‑time roles come with flexible schedules. We offer a best‑in‑class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle‑specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!
Equal Opportunity Employer Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact talent@realtyincome.com, or call 800‑375‑6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Accounting/Auditing and Finance
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Key Responsibilities
Analyze and interpret Leases, Amendments, and Title documents relating to CAM obligations and update key fields within Yardi.
Assist team leads in issuing annual CAM reconciliations, supporting documents, and updating recovery estimates.
Provide follow-up with tenants on delinquencies and update accounts receivable notes and trackers.
Accommodate various requests for information relating to third‑party management.
Represent Real Estate Finance and Operations as the point of contact for all tenant inquiries involving CAM payments, reconciliations, supporting documents, disputes, and related items.
Recoveries
Contribute to the execution of over 4,500+ insurance and tax direct billings, leveraging business process automation.
Perform insurance and tax reconciliations.
Review 3rd‑party management reconciliations for completeness and accuracy. Compare all required backup against governing title documents, i.e., OEA’s, REA’s, POA’s, and CC&R’s.
Maintain fixed CAM schedules and coordinate all updates with the Lease Administration Team.
Assist the Revenue Accounting Supervisor in reviewing the monthly receipting of NNN rents along with periodic ledger audits.
Aid in the resolution of outstanding reconciliations and payments.
Support Property Management in billing tenants for direct reimbursable expenses.
Update CAM tracking tools and prepare various reports for recurring meetings.
Billings & Support
Obtain, review, and update W9s and proof of insurance for all 3rd‑party associations and management entities.
Review and process 3rd‑party association invoices through Yardi workflows. Update recurring invoice templates.
Maintain all 3rd‑party contact information and act as a representative for matters relating to payments, disputes, and service requests.
Enhance Microsoft Power BI to accurately reflect the status of CAM 3rd‑party invoice payments, Insurance Reconciliations, TAX reconciliation, and CAM reconciliation, ensuring real‑time visibility and informed decision‑making.
Qualifications A qualified candidate is typically expected to have:
2+ years of experience in Real Estate Accounting or 5+ years of general accounting experience. However, those with varying experience levels will be considered.
Competency in tenant ledgers and general ledger accounting.
Bachelor’s Degree in Accounting, Finance, Business Administration, or related field.
Ability to identify information to clarify a situation, seek that information from appropriate, multiple sources, and use skillful questioning to abstract the information.
Ability to recognize discrepancies and inconsistencies in available information.
Ability to organize complex information and materials for others.
Strong oral and written communication skills.
Ability to cultivate and maintain positive, working relationships.
Ability to use Microsoft Office, specifically Outlook, Word, Excel, and PowerPoint.
Preferred
Real estate industry or Real Estate Investment Trust (REIT) experience preferred.
Yardi experience preferred.
What You Will Get In Return The hourly rate for this role is in the range of $29.96 - $35.13 - $42.05. Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, to be discussed during the interview process. An annual pay rate and total compensation package is generally determined by the candidate’s experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
Most US based full‑time and part‑time roles come with flexible schedules. We offer a best‑in‑class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle‑specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!
Equal Opportunity Employer Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact talent@realtyincome.com, or call 800‑375‑6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Accounting/Auditing and Finance
#J-18808-Ljbffr