LHH
Executive Recruiter @LHH | Tucson Market | Accounting & Finance | Temp, Temp-Hire, Direct-Hire Solutions | Case.Briley@LHH.com
Job Description Location:
Phoenix, AZ
Setting:
Hybrid (WFH on Fridays)
Title:
Recoveries Accountant (Property Accountant)
Position Description:
The Recoveries Accountant manages and oversees the reimbursement of all recoverable expenses (CAM, utilities and property taxes) for a portfolio of properties. The accountant is responsible for complete, accurate, and timely revenue recognition and billings of tenants impounds and annual/periodic adjustment billings.
Essential Job Functions
Determine annual rent roll impounds for reimbursement of recoverable expenses and make adjustments during the year as necessary.
Calculate and oversee annual/periodic tenant billings (adjustment billings) for reimbursement of recoverable expenses in accordance with lease agreements or other contracts.
Prepare annual recoveries budgets and quarterly recoveries projections.
Manage the input of lease or other contractual terms affecting the calculation and compliance with the reimbursement of recoverable expenses.
Ensure overall tenant/customer compliance with reimbursement of recoverable expense per applicable terms in lease agreements or other contracts.
Calculate the monthly recovery accruals for Property Accountant.
Handle all tenant inquiries, disputes of billings for reimbursement of recoverable expenses.
Act as liaison for Accounts Receivable Associates with difficult billing and accounts receivable issues regarding reimbursement of recoverable expenses.
Assist Property Managers with all questions and issues related to reimbursement of recoverable expenses.
Provide support and ad hoc reports to other disciplines such as Leasing, Legal, Operations, and Development Accountants on various matters (e.g. lease interpretation, review proposed CAM lease language, training, guidance on business decisions involving CAM, CAM depreciation).
Other duties as assigned.
Requirements and Qualifications
Bachelor’s degree with a preference for Accounting or Business degree.
Accounting or financial experience in real estate preferred.
Basic understanding of accounting principles and accrual accounting.
Minimum 2 years experience in accounting position.
Ability to comprehend, interpret and apply complex financial lease provisions.
Seniority Level
Associate
Employment Type
Full-time
Job Function
Accounting/Auditing and Finance
Industries
Real Estate and Accounting
Benefits
Medical insurance
401(k)
Vision insurance
Paid maternity leave
Paid paternity leave
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Job Description Location:
Phoenix, AZ
Setting:
Hybrid (WFH on Fridays)
Title:
Recoveries Accountant (Property Accountant)
Position Description:
The Recoveries Accountant manages and oversees the reimbursement of all recoverable expenses (CAM, utilities and property taxes) for a portfolio of properties. The accountant is responsible for complete, accurate, and timely revenue recognition and billings of tenants impounds and annual/periodic adjustment billings.
Essential Job Functions
Determine annual rent roll impounds for reimbursement of recoverable expenses and make adjustments during the year as necessary.
Calculate and oversee annual/periodic tenant billings (adjustment billings) for reimbursement of recoverable expenses in accordance with lease agreements or other contracts.
Prepare annual recoveries budgets and quarterly recoveries projections.
Manage the input of lease or other contractual terms affecting the calculation and compliance with the reimbursement of recoverable expenses.
Ensure overall tenant/customer compliance with reimbursement of recoverable expense per applicable terms in lease agreements or other contracts.
Calculate the monthly recovery accruals for Property Accountant.
Handle all tenant inquiries, disputes of billings for reimbursement of recoverable expenses.
Act as liaison for Accounts Receivable Associates with difficult billing and accounts receivable issues regarding reimbursement of recoverable expenses.
Assist Property Managers with all questions and issues related to reimbursement of recoverable expenses.
Provide support and ad hoc reports to other disciplines such as Leasing, Legal, Operations, and Development Accountants on various matters (e.g. lease interpretation, review proposed CAM lease language, training, guidance on business decisions involving CAM, CAM depreciation).
Other duties as assigned.
Requirements and Qualifications
Bachelor’s degree with a preference for Accounting or Business degree.
Accounting or financial experience in real estate preferred.
Basic understanding of accounting principles and accrual accounting.
Minimum 2 years experience in accounting position.
Ability to comprehend, interpret and apply complex financial lease provisions.
Seniority Level
Associate
Employment Type
Full-time
Job Function
Accounting/Auditing and Finance
Industries
Real Estate and Accounting
Benefits
Medical insurance
401(k)
Vision insurance
Paid maternity leave
Paid paternity leave
#J-18808-Ljbffr