W3Global
Commercial Property Accountant / Lease Specialist
W3Global, Houston, Texas, United States, 77246
Overview
Commercial Property Accountant / Lease Specialist Join to apply for the
Commercial Property Accountant / Lease Specialist
role at
W3Global The Activities Listed Here Are Not All-inclusive; Rather, They Indicate The Types Of Activities Normally Performed By This Position. The Successful Candidate Will Be Able To Demonstrate Core Competencies In The Following Areas. Abstract and interpret commercial retail leases to accurately set up billing for base rent, percentage rent, CAM, taxes, insurance, and other recoveries. Perform annual (and mid-year if needed) CAM reconciliations, including estimating expenses, calculating pro-rata shares, gross-ups for vacancies, applying caps/exclusions per lease, and billing true-ups or credits to tenants. Prepare monthly/quarterly tenant billings for operating expenses, percentage rent (from sales reports), and other pass-throughs. Manage accounts receivable for rent and recoveries, including collections follow-up and aging reports. Assist with annual property budgets, expense forecasting, and variance analysis. Ensure compliance with lease terms (critical dates, co-tenancy, exclusives, kick-outs). Reconcile general ledger accounts related to recoveries and resolve tenant disputes on charges. Work with property managers on tenant communications, audits, and estoppels/SNDA requests. Maintain accurate data in property management software (Yardi). Follow up as required to ensure asset and property management and leasing are aware of any approaching option dates and required action. Review and prepare for execution and distribution, leases and exhibits to proper parties. Tracking of all changes or adjustments necessary to lease documents received. (Amendments, Addendums, etc.) Serve as liaison between Landlord and Tenant with regard to each party's compliance with all provisions of the lease. Work with property management to ensure certificates of insurance are current, commencement exhibits are executed, security deposit/LOC and operating expense information is correctly entered in Yardi. Prepare and follow a continual audit schedule for all existing lease documents in the portfolio. Follow up with property management on any related action items. Perform property lease file audits. Oversee and track Tenant Improvement allowances and ensure that improvement is being administered properly and within lease guidelines. Participate in the due diligence process as it relates to lease documents both for acquisitions and dispositions. Prepare and update option exposure information to maintain awareness when granting options for new tenants. Assist in preparing and maintaining information for market surveys, occupancy reports/rent rolls, lease expiration reports, rollover reports, space availability reports, stacking plans and various other reports as requested or necessary for the portfolio. Review rental increases and communicate or send any notices that need to be sent to tenants. Coordinate bi-weekly AR meetings and work with property management to ensure rent and other income are collected in a timely fashion and proper follow up is taken. Work with accounting to ensure other income (billboard, parking, storage, etc.) is collected in a timely fashion and review lease for compliance. Work with property management to ensure preparation of delinquency notices and initiation of appropriate action in the event of monetary default. Review the tenant move-ins and move-out procedures and ensure lease provisions are followed. Work with accounting and property management to audit operating expense billing both estimated prepayments and reconciliation to ensure accuracy. All other duties as assigned and associated with the day-to-day operation of a commercial real estate portfolio. Qualifications
3+ years of work experience with Commercial Real Estate Minimum of 3+ years\' experience in commercial real estate in accounting, lease admin and experience in CAM Reconciliation. Bachelor\'s degree preferred from an accredited institution with a focus in Management, Finance or Economics Knowledge of MS Office (Word, Excel, PowerPoint and Outlook) Knowledge of Yardi preferred Effective written and oral communication skills, including strong spelling, editing, proofreading, punctuation and grammar skills Seniority level
Mid-Senior level Employment type
Full-time Job function
Accounting/Auditing and Finance Industries
Staffing and Recruiting Get notified about new Property Accountant jobs in
Houston, TX .
#J-18808-Ljbffr
Commercial Property Accountant / Lease Specialist Join to apply for the
Commercial Property Accountant / Lease Specialist
role at
W3Global The Activities Listed Here Are Not All-inclusive; Rather, They Indicate The Types Of Activities Normally Performed By This Position. The Successful Candidate Will Be Able To Demonstrate Core Competencies In The Following Areas. Abstract and interpret commercial retail leases to accurately set up billing for base rent, percentage rent, CAM, taxes, insurance, and other recoveries. Perform annual (and mid-year if needed) CAM reconciliations, including estimating expenses, calculating pro-rata shares, gross-ups for vacancies, applying caps/exclusions per lease, and billing true-ups or credits to tenants. Prepare monthly/quarterly tenant billings for operating expenses, percentage rent (from sales reports), and other pass-throughs. Manage accounts receivable for rent and recoveries, including collections follow-up and aging reports. Assist with annual property budgets, expense forecasting, and variance analysis. Ensure compliance with lease terms (critical dates, co-tenancy, exclusives, kick-outs). Reconcile general ledger accounts related to recoveries and resolve tenant disputes on charges. Work with property managers on tenant communications, audits, and estoppels/SNDA requests. Maintain accurate data in property management software (Yardi). Follow up as required to ensure asset and property management and leasing are aware of any approaching option dates and required action. Review and prepare for execution and distribution, leases and exhibits to proper parties. Tracking of all changes or adjustments necessary to lease documents received. (Amendments, Addendums, etc.) Serve as liaison between Landlord and Tenant with regard to each party's compliance with all provisions of the lease. Work with property management to ensure certificates of insurance are current, commencement exhibits are executed, security deposit/LOC and operating expense information is correctly entered in Yardi. Prepare and follow a continual audit schedule for all existing lease documents in the portfolio. Follow up with property management on any related action items. Perform property lease file audits. Oversee and track Tenant Improvement allowances and ensure that improvement is being administered properly and within lease guidelines. Participate in the due diligence process as it relates to lease documents both for acquisitions and dispositions. Prepare and update option exposure information to maintain awareness when granting options for new tenants. Assist in preparing and maintaining information for market surveys, occupancy reports/rent rolls, lease expiration reports, rollover reports, space availability reports, stacking plans and various other reports as requested or necessary for the portfolio. Review rental increases and communicate or send any notices that need to be sent to tenants. Coordinate bi-weekly AR meetings and work with property management to ensure rent and other income are collected in a timely fashion and proper follow up is taken. Work with accounting to ensure other income (billboard, parking, storage, etc.) is collected in a timely fashion and review lease for compliance. Work with property management to ensure preparation of delinquency notices and initiation of appropriate action in the event of monetary default. Review the tenant move-ins and move-out procedures and ensure lease provisions are followed. Work with accounting and property management to audit operating expense billing both estimated prepayments and reconciliation to ensure accuracy. All other duties as assigned and associated with the day-to-day operation of a commercial real estate portfolio. Qualifications
3+ years of work experience with Commercial Real Estate Minimum of 3+ years\' experience in commercial real estate in accounting, lease admin and experience in CAM Reconciliation. Bachelor\'s degree preferred from an accredited institution with a focus in Management, Finance or Economics Knowledge of MS Office (Word, Excel, PowerPoint and Outlook) Knowledge of Yardi preferred Effective written and oral communication skills, including strong spelling, editing, proofreading, punctuation and grammar skills Seniority level
Mid-Senior level Employment type
Full-time Job function
Accounting/Auditing and Finance Industries
Staffing and Recruiting Get notified about new Property Accountant jobs in
Houston, TX .
#J-18808-Ljbffr