Vestar · 2 months ago
CAM Recoveries Analyst
Phoenix, AZ
Full-time
Onsite
Entry, Mid Level
2+ years expVestar is a nationally recognized leader in the acquisition and management of retail real estate. The Recoveries Analyst will be responsible for annual tenant account reconciliations, working closely with accounting, property management, and lease administration teams to ensure accurate application of lease terms and recoverable expenses.
Commercial Real EstateProperty DevelopmentProperty ManagementReal Estate
No H1B
Responsibilities
Prepare Annual Tenant Reconciliations - Calculate and prepare year-end tenant reconciliations for common area maintenance, property insurance, and real estate taxes, referred to as ‘CAM’. Review lease agreements and related legal documents to ensure accurate application of terms and all recoverable expenses are properly allocated including caps and exclusions
Recovery Setup & Maintenance - Complete the initial and ongoing setup of CAM recovery calculations
Budgets - Partner with Property Management and Accounting Managers to assist with the annual property level budgeting process. Input and validate recovery estimates within Excel templates and internal accounting systems and verify lease level budget assumptions for CAM
Dispute Resolution & Adjustment Processing - Partner with Property Management, Collections, and Accounting teams to research and resolve tenant billing inquiries and disputes. Adjust tenant recovery setups as needed and maintain audit trails for all changes in billing methodology or allocations
Property Tax and Insurance Billings - Calculate and prepare semi-annual and annual property tax billings, annual insurance billings, and related tenant adjustments
Audit and Reconciliation Support - Facilitate responses to tenant audit requests by compiling necessary backup documentation, calculation worksheets and transaction level support. Reconcile tenant ledgers to ensure consistency between billed, paid and adjusted amounts
Adjustment Review and Approval - Review and approve recovery related Tenant Accountant Adjustments (TAAs) submitted by Property Management Teams. Ensure adjustments are properly justified, documented and aligned with lease terms
Cross-Functional Support - Provide support to other departments including property management, accounting, leasing, and lease administration for lease interpretation and recovery implications as needed
Documentation and Process Improvement - Maintain internal documentation for CAM reconciliation procedures and recovery processes. Identify and implement opportunities for efficiency, accuracy and consistency across portfolios
Qualification
Required
Bachelor's degree in accounting, finance, business administration with emphasis in Accounting or related field is a plus
Ideal candidate has 2 to 5 years of Commercial Real Estate experience and a working knowledge of Recoveries
Previous experience in Property Accounting, Lease Administration, or CAM Recoveries role
Ideal candidate has experience with MRI and YARDI accounting software. Microsoft Office (advanced Excel proficiency required)
Knowledge of finance, accounting, budgeting, cost accounting and cost control principles, and Generally Accepted Accounting Principles (GAAP)
Excellent written and verbal communication skills
Strong attention to detail
Preferred
Advanced Excel skills a must; ability to work with large data sets and formulas
Strong interpersonal and communication skills for cross-department collaboration
Strong analytical skills with a high level of accuracy and meticulous attention to detail
Excellent organizational and time-management abilities
Ability to manage multiple priorities and meet tight deadlines
Company
Vestar
Vestar is a commercial real estate firm headquartered in Arizona.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Miles Sanchez
Chief Operating Officer
Recent News
2025-10-15
2025-10-09
2025-09-18
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