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Realty Income Corporation · 20 hours ago

Real Estate Accountant - CAM & Recoveries

United States

Full-time

Remote

Entry, Mid Level

$29.96/hr - $42.05/hr

2+ years exp

Realty Income Corporation aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. The Analyst, Real Estate Finance & Operations is responsible for overseeing administrative activities related to Common Area Maintenance (CAM) reconciliations and managing real estate tax and insurance reconciliations.

Financial ServicesReal EstateReal Estate Investment

Responsibilities

Analyze and interpret Leases, Amendments, and Title documents relating to CAM obligations and update key fields within Yardi

Assist team leads in issuing annual CAM reconciliations, supporting documents, and updating recovery estimates

Provide follow-up with tenants on delinquencies and update accounts receivable notes and trackers

Accommodate various requests for information relating to third-party management

Represent Real Estate Finance and Operations as the point of contact for all tenant inquiries involving CAM payments, reconciliations, supporting documents, disputes, and related items

Contributes to the execution of over 4,500+ insurance and tax direct billings, leveraging business process automation

Responsible for performing insurance and tax reconciliations

Review 3rd-party management reconciliations for completeness and accuracy. Compare all required backup against governing title documents, i.e., OEA’s, REA’s, POA’s, and CC&R’s

Maintain fixed CAM schedules and coordinate all updates with the Lease Administration Team

Assist the Revenue Accounting Supervisor in the reviewing of monthly receipting of NNN rents along with periodic ledger audits

Aid in the resolution of outstanding reconciliations and payments

Support Property Management in billing Tenants for direct reimbursable expenses

Update CAM tracking tools and prepare various reports for recurring meetings

Obtain, review, and update W9s and proof of insurance for all 3rd-party associations and management entities

Review and process 3rd-party Association invoices through Yardi workflows. Update recurring invoice templates

Maintain all 3rd-party contact information and act as a representative for matters relating to payments, disputes, and service requests

Enhance Microsoft Power BI to accurately reflect the status of CAM 3rd-party invoice payments, Insurance Reconciliations, TAX reconciliation, and CAM reconciliation, ensuring real-time visibility and informed decision-making

Qualification

Real Estate AccountingYardiGeneral Ledger AccountingMicrosoft Power BITenant LedgersRelationship ManagementMicrosoft OfficeCommunication SkillsOrganizational SkillsProblem Solving

Required

2+ years of experience in Real Estate Accounting or 5+ years of general accounting experience. However, those with varying experience levels will be considered

Competency in tenant ledgers and general ledger accounting

Bachelor's Degree in Accounting, Finance, Business Administration, or related field

Ability to identify information to clarify a situation, seek that information from appropriate, multiple sources, and use skillful questioning to abstract the information

Ability to recognize discrepancies and inconsistencies in available information

Ability to organize complex information and materials for others

Strong oral and written communication skills

Ability to cultivate and maintain positive, working relationships

Ability to use Microsoft Office, specifically Outlook, Word, Excel, and PowerPoint