Commercial Properties Lease Accountant – Santa Barbara, CA.

This role is responsible for coordinating and facilitating the central processing (via abstraction, translation, reconciliation, auditing, quality control, and reporting) of critical lease information into the lease management system. You’ll be responsible for the day-to-day tracking of the critical dates, document coordination and approvals, accounting, and database lease administration of the commercial real estate portfolio including office, industrial, and retail properties. You will collaborate closely with internal teams, including leasing, property management, and accounting, to provide accurate and timely lease-related financial information.

What You Will Do

· Calculate and assess operating expense charges, annual rent escalations, CAM reconciliations/estimates, and other billable expenses; work directly with property managers to assist in understanding the results and ensure efficient processing of any potential financial impacts

· Monitor lease renewals, amendments, and terminations and update lease accounting in Yardi accordingly

· Input new leases and renewals into Yardi using the lease abstracts

· Process security deposit refunds

· Assist in preparing annual operating income/expense budgets

· Assist with internal and external audits related to lease accounting and provide necessary documentation and support

· Determine any percentage rent due for retail tenants based on sales reports

· Prepare tenant account analysis and reconciliations

· Oversee tenant billings, collections, and cash application

· Inform management as to any discrepancies or any other problem areas that may arise

· Coordinate collection and documentation of all revenues following lease obligations of tenants per the owner’s policy on accounts receivable

· Administer the commercial property database using Yardi software

· Ensure the accuracy of the information in Yardi available to the property managers, as well as anticipate any potential impacts on the    financial statements

· Maintain and update copies of all relevant lease-related documents in the Yardi database

· Develop or work with IT/Accounting to develop new tools, including custom reports and queries to meet commercial department objectives as well as build and enhance operational systems and processes

· Communicate with the accounting department to ensure the accuracy of rent roll and other financial information maintained in Yardi

· Provide and implement ideas and suggestions for the continued improvement and standardization of existing lease templates, financial reports, and other related documents

Skills and Abilities You Should Have:

· Accounting or Finance degree, or equivalent work experience in general accounting

· 2+ years of experience in lease accounting or related roles, preferably in the commercial real estate industry.

· Knowledge of general practices of commercial property management

· Knowledge of financial principles and reporting

· Attention to detail and accuracy

· Planning and organizing

· Scheduling and monitoring

· Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.

· Ability to work independently and manage multiple priorities in a fast-paced environment

· Ability to prioritize the tasks at hand

· Ability to exercise judgment and discretion

· Initiative-taker

· Proficiency in relevant property management and accounting software. Yardi experience is not required but would be a bonus

· Intermediate to Advanced Excel experience

· Strong written and verbal communications skills and proficiency in Word

Work Environment and Physical Requirements

· Work the majority of a day sitting at a desk

· This role is scheduled for a standard 40-hour workweek, however, department demands may require overtime, including regular attendance and active participation at company functions and events

· This role is non-exempt, hourly, and may entail working hours as needed to perform the position requirements satisfactorily

· This role requires frequent sitting, standing, walking, stair-climbing, bending, and reaching

· The position requires constant communication in English through verbal, written, and various electronic means

· A clean DMV record, proof of vehicle insurance, background check, and pre-employment drug test will be required.

Hourly Pay Range: $28.94 – $43.41

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race religion, color, national origin, gender, sexual orientation, age, marital status, veteran status or disability status.

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