Our client is looking for a knowledge-driven professional with experience in commercial real estate accounting. They are an investor/owner of recreation and entertainment properties. The organization also invests in professionals with unique industry knowledge and specialized talents who will make a significant contribution to their team, their clients, and the overall company. The company rewards its employees with competitive pay and a generous bonus and benefits plan. If you are looking for a challenge and want to join a winning team, please reach out to us today.
OPPORTUNITY AT A GLANCE
Supervise overall management of existing properties’ leases, and lease set-up of new property acquisitions. Oversee construction tracking on new developments and resolve issues as they arise. Review all new leases and ensure they are set up accurately in the financial systems. Review annual budgets for existing properties down to the net operating income level and monitor results versus budget.
Opportunity to execute and improve in the following areas:
- Enter new property/lessee/tenant information from lease abstracts into Sequel static table excel file
- Straight-line rent review and reconciliation
- Review lease set up from lease abstracts input into Commercial Management (building lease and note module) and Corporate Real Estate modules (ground lease module) with MRI software
- Understand system set up of all charge codes associated with rental income and the impact on the income statement
- Review Percent rent calculations for accuracy per the terms of the individual leases
- Oversee approval of entertainment retail center’s CAM reconciliations
- Review all entertainment retail center monthly reports and work with CBRE to make corrections before reports go to Accounting
- Assist with preparation of Entertainment retail center budgets and variance analysis
- Assist with coverage calculations for all properties
- Assist Finance team in verifying lease/note revenue streams for budgeting purposes
- Assist with construction tracking questions. Verify variable interest is being calculated correctly per terms of the development agreement and lease is set up correctly upon construction completion
Knowledge, Education, and Skills needed to be successful:
- Bachelor’s Degree in Real Estate, Finance, Accounting, or related field
- 3-5 years of experience with commercial real estate accounting
- Demonstrated experience in variance analysis and budget preparation
- Knowledge and skill in interpreting and applying US GAAP
- Demonstrated skills and understanding of key lease provisions
- Experience with administration of leases across a significant portfolio of managed or owned assets
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or another legally protected status.
Our client actively promotes a diverse work environment and encourages minorities, women, and veterans to apply for this position.
For more information on this opportunity, please call Greg Baugh at 913-948-9791 or email at gbaugh@gsbsearch.com
