• Lead Lease Accounting Associate

    Family Dollar (Chesapeake, VA)


    Summary of Position (Job Purpose) - Major purpose and functions of the position.

     

    • Oversee, review and approve lease-related financial transactions such as rent, taxes, common area maintenance (“CAM”), insurance and other property operating expenses for a team of associates through effective interpretation and application of lease language, audit of expenses, and validation of payments.

    Principal Duties and Responsibilities - Primary responsibilities listed in order of importance

    • Perform desktop audits and reconciliations of landlord operating expenses to ensure accuracy and compliance with the lease agreement through effective review and interpretation of legal documents for assigned portfolio.

    • Review the work of the Lease Accounting Associates for completeness and accuracy, and provide direction, feedback, and additional training as needed.

    • Conduct all new associate training to include CAM, tax, and insurance reconciliations, as well as other ancillary duties as assigned.

    • Communicate billing discrepancies and resolve landlord disputes through effective collaboration with Landlords, Manager of Lease Accounting, and VP - Corporate Counsel.

    • Create New Store Opening packets for Lease Accounting Manager review.

    • Process credit requests received from third party auditors and prepare the data for approval and processing into the subledger.

    • Perform monthly rent adjustments arising from various financial transactions (Tenant Allowance, co-tenancy violations, alternate rent arrangements, etc.).

    • Initialize, process, and maintain all changes to financial systems in regards to monthly financials, vendor information, gross sales reporting, and percentage rent requirements per the lease for all stores in assigned portfolio.

    • Assist the team with accounting accruals related to CAM, tax, and insurance as well as percentage rent.

    • Review, resolve and/or maintain various reports and tasks (payment errors, unclaimed property, rent changes, sales letters, manual rent holds and other ad hoc requests).

    • Review percentage rent calculations for accuracy, and generate payments as required by the Lease.

    • Create payment vouchers as needed for time sensitive matters.

     

    Minimum Requirements/Qualifications - Summary of knowledge, experience and education required.

     

    • At least 3 years of Lease Accounting or related accounting experience.

    • Excellent communication skills to include oral and written

    • Ability to work well with others as well as independently

    • Proficiency with Microsoft Office, especially Excel

    • Organized and able to multi-task

    • Strong attention to detail

     

    Desired Qualifications - Desired but not required.

     

    • Lease Administration or Lease Accounting software application experience (Tango Analytics, Accruent, etc.)

    • Lawson software application

    • Some college course work completed

    • Prior experience in lease audit, lease administration, or other real estate related field

     

    Full time

     

    510 Volvo Parkway,Chesapeake,Virginia 23320

     

    Accounting

     

    Family Dollar