ACCOUNTANT, RECOVERABLE REVENUE Job in Los Angeles 90001, California US
POSITION TITLE: Recoverable Revenue Accountant
DEPT/LOCATION: Operations Accounting, Shared Services, Los Angeles
REPORTS TO: Manager, Recoverable Revenue Team
Looking for a highly motivated, detail oriented, problem solving, customer centric individual who will focus on improving the quality and timeliness of all Recoverable Revenue reconciliations, forecasts, budgets and tenant escrows, including: Common Area Maintenance (CAM) and Real Estate Property Tax (Tax), Food Court (FCC), Electricity (ELE), etc. This individual will be working directly with the Regional Controllers, General Ledger Accountants, Financial Analyst of Tenant Audits, Senior Manager, Recoverable Revenue Team, Regional Analysts, and Center Managers.
Responsibilities:
• Prepare and maintain the CAM Tax set-up for new leases and amendments in the Expense Participation Module (EP) within E1 to support the calculation of CAM and Tax recovery rates.
• Update the CAM Tax set-ups in the Expense Participation Module (EP) within E1 to support the calculation of CAM and Tax recovery rates to reflect tenant changes per the Open / close Notices.
• Work with billing specialist/lease abstractor if any changes to recurring billings are required
• Assist Center Management, Regional Analyst, Regional Finance Directors, and Shared Services with requests and questions relating to Recoverable Revenues
• Provide primary support and expertise in researching, resolving and responding to tenant correspondence related to Recoverable Revenues
• Responsible for the calculation of Recoverable Revenues for all cycles (Reconciliations, Forecasts, Recharges, etc.) which includes:
o Analyzing Minimum Rent (MR) leasing assumptions for forecast and recharge processes.
o Calculating GLA (Gross Leasable Area) /GLOA (Gross Leasable Occupied Area) updates based on MR leasing assumptions in E1 as well as vacant contributors.
o Update the contributors TER tables in EP as well as refresh the GLOA tables for assigned centers
o Maintain and update contributor / manual calculations and cap tenant models for assigned centers
o Ensure that all documentation is saved for the various Recoverable Revenue cycles.
• Provide explanations for income statement and balance sheet fluctuation schedules applicable for CAM and Tax for internal and external periodic audits.
• Assist in creating standard rate sheet of charges for center management and leasing.
• Achieve metric targets as appropriate
• Identify and implement process improvements
• Attend and participate in team meetings
• Responsible for assisting the team on special projects, tasks and assignments.
• Ad Hoc Reports and analysis.
• Assist Financial Analyst with Tenant Audits
Experience:
• 3-5 years Accounting experience (Retail or Commercial Real Estate preferred)
• A Bachelor Degree preferably in Accounting
• Operating expense reconciliations, forecasts and tenant escrows experience preferred
• Proficient in Excel and other office software
• Experience with integrated software packages; JD Edwards experience a plus
• Strong focus on customer service
Qualifications:
• Strong analytical, problem solving and general quantitative skills
• Attention to detail is a must
• Excellent communication and interpersonal skills
• Ability to interpret and research legal documents (typically leases) and decipher their provisions.
• Results oriented and strives for continuous improvement
• Works well independently and collaboratively in a team environment
• Ability to multitask and work simultaneously on several projects under strict timelines and with accuracy
• Need an independent self starter, motivated with the ability to undertake projects in there entirety which will embrace their function and look at the whole picture to bring accuracy, completeness and quality to the department and organization as a whole
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