Tenant Recoveries Analyst
SITE Centers is an owner and manager of retail real estate with a portfolio of open-air shopping centers across the United States. They are seeking a Tenant Recoveries Analyst to reconcile year-end common area maintenance, insurance, real estate taxes, and related accounts while preparing tenant billings and ensuring accuracy in tenant accounts.
Responsibilities
- Perform year-end reconciliations and billings to tenants for all recoveries including CAM, insurance, real estate taxes and direct utilities outside of CAM (e.g. water/sewer, trash, HVAC)
- Prepare quarterly billings for CAM ensuring appropriate documentation and explanation of charges is provided in accordance with lease agreements
- Complete annual roll forwards of CAP’s, fixed and other items in accounting software
- Calculate and prepare yearly recovery budgets, by property, for property accounting and leasing
- Calculate and bill tenants for monthly estimates of charges based on budgeted expenses
Skills
- Prior experience reading and understanding landlord leases and tenant billings
- Basic accounting knowledge
- Working experience maintaining complex Excel schedules
- Ability to perform year-end reconciliations and billings to tenants for all recoveries including CAM, insurance, real estate taxes and direct utilities outside of CAM
- Ability to prepare quarterly billings for CAM ensuring appropriate documentation and explanation of charges is provided in accordance with lease agreements
- Ability to complete annual roll forwards of CAP's, fixed and other items in accounting software
- Ability to calculate and prepare yearly recovery budgets, by property, for property accounting and leasing
- Ability to calculate and bill tenants for monthly estimates of charges based on budgeted expenses
Company Overview