IRG Realty Advisors, LLC ยท 1 day ago
Recoveries Analyst, Commercial Real Estate
IRG Realty Advisors (IRG RA) provides comprehensive commercial real estate solutions and is currently the largest management services company headquartered in Ohio. The Recovery Analyst will help develop and implement a Recoveries Program for the commercial/industrial portfolio, conducting CAM reconciliations to ensure compliance with tenant lease terms and collaborating with Property Management and Accounting to identify potential savings for clients.
Commercial Real EstateProperty DevelopmentProperty ManagementReal Estate
Responsibilities
Works with Recovery Manager on 'Best Practice' of completion of annual true up process
Reviews, compares, and analyzes CAM, insurance, tax, and other operating expenses to ensure billings to tenants are in compliance with lease clauses
Works with Property Accountant(s) and Property Manager(s) on requests for additional information, back-up, and recommendations
Prepare and/or review CAM and operating expense reconciliations/recoveries for accuracy, ensuring the tenant is being charged properly
Assists in the Annual Estimate, Budget, and CAPX processes to name a few
Various other tasks as assigned
Qualification
Required
2+ years experience required
Ability to comprehend, analyze, and interpretation of complex tenant lease language. Requires analytical and quantitative skills
Requires knowledge of financial terms; able to calculate formulas and conduct overall analysis between reconciliations and lease language
Excellent Excel, written, and analytical skills, in preparing reports, reconciliations, audits, and correspondence
Preferred
Bachelor's degree in Accounting, Finance, or Real Estate preferred or equivalent work experience
Company
IRG Realty Advisors, LLC
IRG Realty Advisors provides comprehensive commercial real estate solutions for corporations, owners/investors, institutional and governmental clients.