Commercial Lease Administrator/ Property Accountant
Commercial Lease Administrator/ Property Accountant
Location: Norfolk, VA (In-office role)
Job Summary :
We are seeking an experienced and detail-oriented individual to join our team in Norfolk as a Commercial Lease Administrator / Property Accountant
This in-person position will involve managing accounting functions and lease administration tasks for commercial properties.
The ideal candidate will have a solid background in financial services and lease management, with the ability to handle a variety of responsibilities such as accounts payable and receivable, tenant/vendor communications, lease tracking, and budget support.
Primary Duties :
* Accounts Payable & Receivable : Process daily accounts payable and receivable transactions for assigned properties.
* Vendor and Tenant Relationship Management : Maintain strong and effective relationships with vendors and tenants, addressing inquiries and resolving issues promptly.
* Lease & Financial Data Management : Track and maintain key data related to rental increases, insurance certificates, lease renewals/expirations, gross sales, percentage rents, and key lease dates using MRI software.
* Special Billings Oversight : Manage and oversee commercial special billings including meter readings, use & occupancy tax billings, work orders, and insurance/tax reimbursements.
* Tenant Correspondence : Prepare and review correspondence with tenants, including late payment notices, rent increase notifications, and commencement date agreements.
* Lease Documentation & Compliance : Assist with SNDA/Estoppel processes by creating, distributing, tracking, and collecting necessary documents.
* Financial Reporting : Assist in the preparation of monthly financial reports, including stacking plans, occupancy reports, cash management, accrual workbooks, and variance analysis for the General Manager.
* CAM Reconciliations & Audits : Calculate Common Area Maintenance (CAM) costs, including monthly estimates, year-end true-ups, CPI escalations, and operating expense audits.
* Reforecasting & Budgeting : Collaborate with General Manager on income and expense projections.
* Letters of Credit Management : Track and manage tenant letters of credit for compliance, process drawdowns, and transfers.
* Account Audits & Reconciliation : Perform tenant account audits and provide accounts receivable documentation; resolve bank reconciliation discrepancies.
* Lender Reserve Draws : Calculate and process lender reserve draw requests and ensure proper documentation.
* Special Projects : Take on additional tasks and projects as assigned by management.
Education Requirements :
* Bachelor's degree in Finance, Accounting, or a related field, or equivalent professional experience.
Experience Requirements :
* 3-5 years of experience in commercial lease administration and accounting, with hands-on experience abstracting lease terms, options, and calculatin...
- Rate: Not Specified
- Location: Norfolk, US-VA
- Type: Permanent
- Industry: Finance
- Recruiter: Harbor Group Management
- Contact: Not Specified
- Email: to view click here
- Reference: 5775
- Posted: 2025-04-01 08:09:33 -
- View all Jobs from Harbor Group Management
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