Lease Accountant

Lease Accountant M & J Wilkow Chicago, IL Job Details Full-time $70,000

• $90,000 a year 1 day ago Benefits Health insurance Dental insurance 401(k) Paid time off Vision insurance Life insurance Qualifications Teamwork Interpersonal skills Bachelor's degree Attention to detail Accounting Data entry Accounting Full Job Description M & J Wilkow, Ltd.

has been in the commercial real estate business for 85 years. Its property management portfolio currently consists of office and retail properties covering approximately 14 million square feet. A core conviction of the Company's Principals is the belief that each employee is responsible for making an important contribution to the success of the Company, as well as the performance of the properties in the Company's portfolio. This expectation is not limited by the specific parameters of the job description. It is our expectation that each employee will offer his/her help wherever and whenever reasonably necessary to ensure the success of the Company's endeavors. This summary is not intended to be all-inclusive; it is simply meant to be used as a guide and may be revised from time to time at the sole discretion of the Company.

General Position Summary :

The Lease Accountant is responsible for assisting the Director of Lease Accounting in the adherence to process and procedures surrounding all lease accounting services both through their own role directly, as well as, coordinating and working closely with the Accounting, Property Management and Asset Management personnel.

Essential Functions/Major Responsibilities :

Assist in the full scope of Lease Accounting services including:

• Abstracting and interpreting commercial lease documents (leases, amendments, subleases)
• Validation and management of data entry of lease documents and subsequent reporting
• Preparation and reviewing of periodic and annual landlord reconciliation statements and real estate tax calculations to ensure accuracy and lease compliance
• Tracking and maintaining critical dates
• Tenant sales compilation and review of overage/percentage rent calculations
• Assist with processes and procedures relating to the full scope of Lease Accounting, including: o Landlord reconciliations with an emphasis on standardization o Setup of retail property reconciliations for acquired properties o Day-to-day processing, monitoring and review of lease activity
• Assist Director of Leasing Accounting with inquiries from property management regarding tenant lease compliance
• Assist Director of Lease Accounting with tenant inquiries regarding landlord reconciliations and working with team for timely and appropriate responses.
• Assist/coordinate with Director of Lease Accounting during due diligence of leasing areas (abstraction, testing, reconciliation review) on onboarding of properties

Interpersonal Contacts :

It is essential that the Lease Accountant Manager reflects and adheres to the highest standards of ethical behavior. He or she is expected to express a professional, courteous attitude, as well as be team oriented. Contacts are normally made with others both inside and outside the organization. External contacts occur with investors, regulatory agencies, vendors, and community partners. Internal contacts occur with all levels and areas of the organization, including other department heads, asset managers and staff. Contacts are usually made on own initiative and often concern confidential or sensitive matters requiring the use of discretion, negotiation, or persuasion.

Specific Job Skills :

• Strong financial and analytical skills; ability to understand and interpret data
• Advanced proficiency in Microsoft Office (Word, Excel, Outlook)
• Experience and capability to master company-specific accounting and database software/programs (MRI/Yardi/Kardin)
• Excellent verbal and written communication skills; desire to work within a diverse, collaborative, and driven professional environment
• Ability to work independently and within a team to build relationships and interact effectively with business partners
• Ability to work under pressure, manage workload, and meet deadlines consistently; exceptional attention to detail and highly organized Education and/or

Experience :

• Bachelor's degree in business, accounting, or finance and at least 3 years of work experience in commercial real estate/retail experience, lease administration, or property management
• Expertise in understanding and interpreting complex commercial lease language

Job Conditions :

Position experiences interruptions, need for frequent shifting priorities, and deadlines. Regular attendance is a prerequisite in accordance with a regular schedule established for the position by the Director of Lease Accounting.

Job Type:

Full-time Pay:

$70,000.00

• $90,000.

00 per year

Benefits:

401(k) Dental insurance Health insurance Life insurance Paid time off Vision insurance

Physical Setting:

Office Education:

Bachelor's (Required)

Experience:

Accounting:

3 years (Preferred) Ability to

Relocate:

Chicago, IL 60603: Relocate before starting work (Required)

Work Location:

In person