Lease Accountant/Administrator
Washington, DC
Full-time, Fully On Site
Direct Hire: $60-80k + Benefits
Full-time, Fully On Site
Direct Hire: $60-80k + Benefits
Why You Want to Work Here:
A real estate firm known for revitalizing historic properties and creating vibrant mixed-use spaces. Active in cities like Washington, D.C., and Baltimore, the company blends architectural preservation with modern design to transform urban communities.
Job Summary:
The Lease Accountant will be responsible for administering leases for their properties, ensuring the property accounting in compliance with the terms of the leases, preparation of rent and expense recoveries, other tenant billings, and responding to tenant inquiries regarding rental and additional charges.
Job Description:
- Interpret and abstract new leases, amendments, and other lease documents, and input into MRI
- Generate monthly charges and provide tenants with monthly statements
- Manage, draft and track commencement agreements, and update lease information in MRI
- Prepare Welcome, Rent Commencement letters, and other correspondence,
- Prepare recovery pools and year end reconciliation for CAM, taxes, and insurance,
- Prepare income projections, post rental charges, and provide annual CAM/RET/Insurance estimates
- Monitor Gross Sales and prepare percentage rent billings
- Monitor critical lease dates such as Letters of Credits, Security Deposit reductions, Term, Notice, Lease options, and exercise dates
- Timely & accurately provide lease information to various departments, as needed
- Work closely with leasing/legal and resolve tenant /landlord lease interpretation disputes
- Monitor payments and post cash applications to tenant accounts,
- Rent collection, tenant correspondence, and communication with tenants as necessary.
Job Requirements
- Bachelor’s Degree in Business, or related fields
- 2 to 5 years of relevant accounting experience, real estate preferred
- Strong analytic ability
- Strong verbal, written and interpersonal communication skills
- Capable of working both independently and as part of a team, flexible and able to multi- task
- Strong knowledge of Excel, Word, and experience with database management and accounting software, preferably MRI.
- Self-motivated, team-oriented, dependable, responsible, flexible, and professional
